Banking in emerging economies


       
   

11th Annual Bank of Finland/CEPR Conference
co-organized by Rensselaer Polytechnic Institute
7–8 October 2010
House of the Estates, Helsinki

Evidence suggests that the costs of banking crises in terms of lost economic growth are higher in emerging market economies than in industrial countries, and that problems in a single bank have a high probability of turning into a systemic crisis. The evidence also suggests that in recent years many banking systems in emerging markets experienced a deep transformation under the pressure of internal financial liberalization, increased openness to international capital flows, and technological and financial innovations. The most recent financial crisis and global recession have put further pressure on banking institutions and financial markets in emerging economies.  

 

Programme

 

Thursday, 7 October

8.45   Registration
9.00–11.15 Session I Foreign banks in emerging markets
  Chair Jouko Vilmunen (Bank of Finland)
  Paper
Presentation

Foreign bank subsidiaries during the crisis: Facing the perfect storm

  Author(s) Iman van Lelyveld (De Nederlandsche Bank)
Ralp de Haas (European Bank for Reconstruction and Development)
  Discussant Yiwei Fang (Rensselaer Polytechnic Institute)
  Paper
Presentation
Cross-border flows and domestic credit growth: The role of foreign banks in the global financial crisis
  Author(s) Ursula Vogel (Frankfurt School of Finance and Management)
Adalbert Winkler (Frankfurt School of Finance and Management)
  Discussant Rainer Haselman (Johannes-Gutenberg-University of Mainz)
  Paper
Presentation

Foreign bank presence and its effect on firm entry and exit in transition economies
  Author(s) Olena Havrylchyck (CEPII)
Emilia Jurzyk (International Monetary Fund)
  Discussant  Yankun Wang (Cornell University)
11.15–11.45 Break
11.45–13.00 Keynote lecture Topic TBC
  Presentation Thorsten Beck (Tilburg University)
13.00–14.30   Lunch
14.30–16.45 Session II Institutions and banks
  Chair Iftekhar Hasan (Rensselaer Polytechnic Institute)
  Paper
Presentation
Bank capital, liquidity creation and deposit insurance
  Author(s) Zuzana Fungáčova (Bank of Finland)
Laurent Weill (University of Strasbourg)
Mingming Zhou (University of Colorado at Colorado Springs)
  Discussant Sris Chatterjee (Fordham University)
  Paper
Presentation
Regulatory reform and convergence in banking: The case of China
  Author(s) James C. Brau (Brigham Young University)
Drew Dahl (Utah State University)
Hongjing Zhang (Northeast Dianli University)
Mingming Zhou (University of Colorado at Colorado Springs)
  Discussant Ana Lorenzo Vivas (University of Málaga)
  Paper
Presentation
An empirical assessment on procyclicality of loan-loss provisions of banks in EMEAP economies
  Author(s) Eric Wong (Hong Kong Monetary Authority)
Tom Fong (Hong Kong Monetary Authority)
Henry Choi (Hong Kong Monetary Authority)
  Discussant Esa Jokivuolle (Bank of Finland)
18.30   Dinner at the Bank of Finland's Banqueting Hall hosted by
Seppo Honkapohja, Member of the Board (Bank of Finland)
 
   

Friday, 8 October

9.00–11.15 Session III Lending to emerging markets
  Chair Laurent Weill (University of Strasbourg)
  Paper
Presentation
Bank ownership, proximity to borrowers and lending behavior – Evidence from syndicated loans
  Author(s) Senay Agça (George Washington University)
Hein Bogaard (George Washington University)
Oya Celasun (International Monetary Fund)
  Discussant Fotios Pasiouras (Technical University of Crete)
  Paper
Presentation
Understanding the 2008/2009 'sudden stop' in emerging market lending: Bank level evidence from syndicated loans
  Author(s) Ralph de Haas (European Bank for Reconstruction and Development)
Neeltje van Horen (De Nederlandsche Bank)
Jeromin Zettelmeyer (European Bank for Reconstruction and Development)
  Discussant Zuzana Fungáčova (Bank of Finland)
  Paper
Presentation
Bank lending to emerging markets: Empirical evidence on country-level and bank-specific determinants
  Author(s) Oliver Mueller (University of Bochum)
André Uhde (University of Bochum)
  Discussant Aaron Mehrotra (Bank of Finland)
11.15–11.45   Break
11.45–13.30 Session IV Banking, networks and economic integration
  Chair Iikka Korhonen (Bank of Finland)
  Paper
Presentation
Global banking network and cross-border capital flows
  Author(s) Galina B. Hale (Federal Reserve Bank of San Francisco)
Julian Caballero (UC Santa Cruz)
Christopher Candelaria (Federal Reserve Bank of San Francisco)
  Discussant Rebel A. Cole (DePaul University)
  Paper
Presentation
(Inter-state) banking and (inter-state) trade: Does real integration follow financial integration?
  Author(s) Tomasz Michalski (HEC Paris)
Evren Ors (HEC Paris)
  Discussant Ahmet Faruk Aysan (Bogazici University)
  Paper
Presentation
Skin in the game in the originate-to-distribute model: Evidence from the online social lending market
  Author(s) Thomas Hildebrand (ESMT European School of Management and Technology)
Manju Puri (Duke University)
Jörg Rocholl (ESMT European School of Management and Technology)
  Discussant Yishay Yafeh (The Hebrew University)
13.30–14.45   Lunch
14.45–15.00   Closing words and end of the conference