11.20 - 12.40

Session 2
Financial crisis contagion

Chair: Michiel van Leuvensteijn, CPB


Pathology of a heart attack: The LIBOR market, Jagjit S. Chadha, Kent University at Canterbury, Centre for International Macroeconomics and Finance, Cambridge University
Contagion in the credit default swap market: The case of the GM and Ford crisis in 2005, Virginie Coudert, Bank of France, CEPII, Mathieu Gex, Bank of France, CERAG, University of Grenoble 2
Towards a more integrated money market in Europe? A comparison study on bank contagion risk in Europe and in the U.S.A. via extreme dependence of credit default swap spreads, Bei Xu, LAREefi, University of Montesquieu Bordeaux IV
Risk of liquidity and contagion of the crisis in the US, UK and euro area money markets, Bertrand Blancheton,GREThA, University of Montesquieu-Bordeaux IV, Christian Bordes, CES, University of Paris I, Samuel Maveyraud, GREThA, University of Montesquieu-Bordeaux IV, Philippe Rous, LAPE, University of Limoges



11:20 - 12:40

Session 3

Chair: Wim Suyker, CPB


Liquidity, moral hazard and bank runs, Shurojit Chatterji and Sayantan Ghosal, Centro de Investigacion Economica, ITAM, and University of Warwick
Nonlinearity of bank capital and charter values, Terhi Jokipii, Swiss National Bank
Lessons from the collapse in hybrid bank capital securities, Peiyi Yu, University of East London, Bac Van Luu, Russell Investments



11.20- 12.40

Session 4
Housing bubbles and pension funds

Chair: Christian Dreger, DIW


Blowing bubbles – and bursting them: Ireland and Spain, John Fitz Gerald, ESRI
The housing price boom of the late ’90s: Did inflation targeting matter?, Sébastien Frappa and Jean-Stéphane Mésonnier, Bank of France
Pension funds: The hidden side of the financial crisis, Paola Monperrus-Veroni, OFCE
Back to the drawing board: The economic crisis and its implications for pension provision in the United Kingdom, Frank Eich and Amarendra Swarup, Pension Corporation


13.40 - 15.00

Session 5
New regulation issues (1)

Chair: Klaus-Jürgen Gern, IfW


The Global Financial Crisis, the disclosure paradigm, and European financial regulation: The case for reform, Emilios Avgouleas, University of Manchester
Voluntary cooperation in terms of international financial supervision, Pavel Diev, Bank of France
Controlling global leverage: A new challenge for regulatory authorities, Sonia Ondo-Ndong and Sandra Rigot, University of Paris Ouest la Défense, Nanterre


13.40 - 15.00

Session 6
Credit availability in the crisis

Chair: Markku Kotilainen, ETLA


Credit availability during financial crisis: Which role for external agents?, Alessandro Fedele, University of Brescia, Francesco Liucci and Andrea Mantovani, University of Bologna
Systemic shocks, banking spreads and the external finance premium, Ethan Cohen-Cole, Federal Reserve Bank of Boston, Enrique Martinez-Garcia, Federal Reserve Bank of Dallas, Jonathan Morse, Federal Reserve Bank of Boston
Financial system architecture and systematic risk, José Jorge, CEMPRE and University of Porto


13.40 - 15.00

Session 7
Financial crisis in the NMS

Chair: Marek Dabrowski, CASE


Household debt and foreign currency borrowing in new members of the EU, Ray Barrell, Philip Davis, Tatiana Fic and Ali Orazgani, NIESR and Brunel University
Why and how financial meltdown occurs in East and threatens the West? A one side of the iceberg of problems of the EU banks, Stéphane Colliac and Ion Lapteacru, LARE-efi, University of Montesquieu-Bordeaux IV
Foreign currency borrowing of households in new EU Member States, Attila Csajbók, Central bank of Hungary


15.00 - 16.15

Session 8
New regulation issues (2)

Chair: Karl Aiginger, WIFO


The global financial crisis: Lessons for European integration, Marek Dabrowski, CASE
The regulation of British retail banking utilities, Andy Mullineux, University of Birmingham
Evaluating the European management of the financial crisis: Which regulatory and supervisory model should be adopted?, Dominique Perrut, Granem, Angers University


15.00 - 16.15

Session 9
A new financial architecture

Chair: Catherine Mathieu, OFCE


Financial integration and crisis management arrangements in the EU, John Grahl, Middlesex University Business School, Marika Frangakis, Nicos Poulantzas Institute
Credit allocation, capital requirements and procyclicality, Esa Jokivuolle, Bank of Finland, Ilkka Kiema, University of Helsinki, Timo Vesala, Tapiola Group
Agenda for building a new financial market architecture, Dorothea Schäfer, DIW



15.00 - 16.15

Session 10
Financial crisis and the real economy

Chair: Sandra Steindl, WIFO


Quantifying the impact of the financial crisis on the real sphere for France and the United States, Christophe Blot, Sabine Le Bayon, Matthieu Lemoine and Sandrine Levasseur, OFCE
An early warning signals approach to the currency crises: The Turkish case, Ali Ari, LEAD, Université du Sud,Toulon-Var


16.30 - 18.00

Round Table

Chair: Ray Barrell, NIESR

John Fitz Gerald, ESRI
Joachim Scheide, IfW
Henri Sterdyniak, OFCE
Martin Weale, NIESR