MIT Golub Center for Finance and Policy
4th Annual Conference: Recordings, Papers and Slides
By
Keynote Speaker
Jiang Wang (MIT), “China’s Financial System: Developments and Challenges”
Panel I: Challenges for Risk Management
Video
Paper Session I. Real Effects of Government Guarantees
- William Mullins (UC San Diego) and Patricio Toro (Central Bank of Chile), “Credit Guarantees and New Bank Relationships”
- Reint Gropp (IWH/University of Magdeburg), Andre Guettler (University of Ulm/IWH), and Vahid Saadi (IWH/Goethe University), “Public Bank Guarantees and Allocative Efficiency”
- Priyank Gandhi (Notre Dame), Hanno Lustig (Stanford/NBER), and Alberto Plazzi (USI Lugano/SFI), “Equity is Cheap for Large Financial Institutions”
- Matthew Richardson (NYU), Discussant
Paper Session II. China’s Credit Policies
- Andrew Ang (BlackRock), Jennie Bai (Georgetown), and Hao Zhou (Tsinghua University), “The Great Wall of Debt: Real Estate, Political Risk, and Chinese Local Government Credit Spreads”
- Haoyu Gao (Central University of Finance and Economics), Hong Ru (Nanyang Technological University), and Dragon Yongjun Tang (University of Hong Kong), “Subnational Debt of China: The Politics-Finance Nexus”
- Bo Li (Tsinghua University), Zhengwei Wang (Tsinghua University), and Hao Zhou (Tsinghua University), “China’s Anti-Corruption Campaign and Credit Reallocation to non-SOEs”
- Chang-Tai Hsieh (University of Chicago Booth), Discussant
Paper Session III. Informing Mortgage Market
- Andreas Fuster (Federal Reserve Bank of NY), Stephanie H. Lo (Harvard), and Paul S. Willen (Federal Reserve Bank of Boston/NBER), “The Time-Varying Price of Financial Intermediation in the Mortgage Market”
- Neil Bhutta (Federal Reserve Board) and Benjamin J. Keys (Wharton), “Eyes Wide Shut? Mortgage Insurance During the Housing Boom”
- Jane Dokko (Formerly U.S. Treasury) and Edward Golding (Formerly HUD), “Economics of Underwriting, Pricing and Managing (Mitigating) Credit Risk: Implications for (Re)Organizing the Mortgage Market”
- Karen Dynan (Harvard), Discussant