Conference Event:
September 12, 2019
Event Location:
University of Turin, Italy
Keynote Speaker(s):
Santiago Carbo-Valverde, CUNEF (Spain) and Bangor Business School (UK),
Thomas Chemmanur, Boston College (USA),
Steven Ongena, University of Zurich (Switzerland),
Anthony Saunders, New York University (USA),
Gregory Udell, Indiana University (USA).
Organizer(s):
The Journal of Financial Management, Markets and Institutions and ADEIMF (the Italian Association of Scholars of Economics and Management of Financial Institutions and Markets)
JFMMI 2019 conference brings together five top scholars in the field of banking and finance featuring a panel discussion for exchanging of research results and practical experiences ten years after the collapse of Lehman.
Lehman collapse showed how a country’s banks and its government are linked: the state borrows money to support the banks, which assets’ value falls as the value of government debt goes down. This “doom loop” remains mostly intact. Lehman bankruptcy also lead to a drop in credit supplied to the real economy. It has taken fully ten years for the countervailing economic stimulus to restore US economy to health, while many European countries still suffer from weak aggregate demand.
Just as the causes of the financial crisis were many and varied, so were its consequences. In Europe risk sharing among member states should increase – whether through financial markets, deposit guarantees or fiscal policy. Digitization of information has opened new opportunities also to financial services, which both incumbent institutions and new players are facing. Great benefits may be available, but new risks may also emerge. In the last decade, the banking system underwent deep changes but the question is whether it changed enough to face old problems and new challenges.
Further Information:
Please register for the conference here before September 2.
Link Conference: Research Developments in Banking and Finance Ten Years after the Financial Crisis