Frederic Malherbe - London FIT Network

Back to Frederic Malherbe's homepage
The London FIT Network EuroFIT
The London FIT Network is an informal network of London based (linked) researchers with interests in Financial Intermediation Theory (broadly defined).
  • Its purpose is to foster interactions and to offer members a platform to exchange ideas and an opportunity to informally present their work.
  • It is open to everyone interested, but the main target is junior AP/Postdocs.
  • Current members are from the BoE, Birmingham, Bristol, Cambridge, Cass, Exeter, Imperial, LBS, LSE, Oxford, UCL, and Warwick.
  • Please contact me (fmalherbe@london.edu) if you are interested.

Next events
  • The annual EuroFIT Workshop "Financial Intermediation and Risk" at the Barcelona GSE Summer Forum will take place on June 12-13, 2017.  Click [here] for the call for papers (submission deadline: February 28th, 2017); click [here] for the workshop's website.
  • The Sixth "Oxford Financial Intermediation Theory" (OxFIT) conference will take place at Oxford University on August 29-30, 2017. Click [here] for the call for papers (submission deadline: April 17, 2017), and [here] for last year’s program.

Past events

 

April 13, 2017: Workshop at LBS (LT2)

14.00 Coffee, tea and cookies
14.15 Hongda Zhong (LSE): Debt Structure under Limited Commitment
15.00 Heski Bar-Isaac (LBS): Blockholder Voting
15.45 Coffee break
16.00 Kebin Ma (Warwick): Systemic Risk and Market Liquidity
16.45 Adjourn

Conference

EuroFIT Conference on Syndicated Loans
At the London Business School December 19-20, 2016.

December 19, 2016

13.30    Registration
14.00    Mariassunta Giannetti (Stockholm School of Economics): Shock Propagation and Banking Structure (with Farzad Saidi)
Discussant: Sascha Steffen (University of Mannheim)
15.00    Maria Loumioti (MIT): Portfolio Performance Manipulation in Collateralized Loan Obligations (with Florin Vasvari)
Discussant: Cem Demiroglu (Koc University)
16.00    Tea and coffee break
16.30    Matt Gustafson (Penn State): Bank Monitoring: Evidence from Syndicated Loans (with Ivan Ivanov and Ralf Meisenzahl)
Discussant: Matt Plosser (NY Fed)
17.30    Keynote Speaker
Bo Becker (Stockholm School of Economics): Bad times, good credit (with Kasper Roszbach and Marieke Bos)
Discussant: Tony Saunders (NYU)
18.30    Adjourn
18.45    Reception drinks (everyone welcome - Garden Room)
19.30    Dinner (invitation only)

December 20, 2016

9.00      Tea, coffee and pastries
9.30      Peter Demerjian (University of Washington): Assessing the Accuracy of Forward-Looking Information in Debt Contract Negotiations: Management Forecast Accuracy and Private Loans (with John Donovan and Jared Jennings)
Discussant: Bugra Ozel (UT Dallas)
10.30    Tea and coffee break
11.00    Glen Schepens (ECB): Life below zero: Bank lending under negative policy rates (with Florian Heider and Farzad Saidi)
Discussant: Ralf Meisenzahl (Federal Reserve Board)
12.00    Lunch
13.00    Andrew Bird (Carnegie Mellon): Short-termism Spillovers from the Financial Industry (with Aytekin Ertan, Stephen Karolyi, and Tom Ruchti)
Discussant: Ningzhong Li (UT Dallas)
14.00    Tim Eisert (Erasmus University Rotterdam): Whatever it takes: The real effects of unconventional monetary policy (with Viral Acharya, Christian Eufinger, and Christian Hirsch)
Discussant: Tobias Berg (Frankfurt School of Finance & Management)
15.00    Adjourn

October 21, 2016: Workshop at LBS (LT10)

14.20     Coffee and Tea
14.30     Frederic Malherbe (LBS): A positive analysis of bank behaviour under capital requirements (with Saleem Bahaj)
15.30     Peter Zimmerman (Oxford): Relationship lending when banks are fragile (with Alan Morrison and Joel Shapiro)
16.30     Mike Mariathasan (KU Leuven): Rational Inattention and Counter-Cyclical Lending standards (with Sergey Zhuk)
17.30     Adjourn

May 13, 2016: Workshop at LBS 

15.00     Coffee and Tea
15.15     Joel Shapiro (Said Business School): Credit Ratings and New Information
16.00     Q&A and comments
16.15     Kebin Ma (Warwick Business School): Bank Information Sharing and Liquidity Risk
17.00     Q&A and comments
17.15     Adjourn

December 14, 2015: JOB MARKET teaser session at LBS
Venue: LBS – Room SG06 

10.30     Coffee and tea
10.40     Pedro Pinto (LSE): Securitization, Non-Recourse Loans and House Prices
11.30     Ansgar Walther (Oxford): Crowding out Disclosure: Amplification and Stress Test Design
12.20     Adjourn

The job-market teaser concept is the following:
  • Presenters are students on the market this year
  • With a job market paper (at least broadly) related to Financial Intermediation Theory
  • These are short presentations (45 min) that should follow some rules
    • Be concise and go to the point as quickly as possible
    • No more than 15 slides (which should not be too wordy)
    • Slides entitled as (or consisting of what) follows are not allowed:
      • Literature review
      • Preview of the results
      • Outline
    • Every variable that is shown should be named

November 13, 2015: Workshop at LBS (Room A125)

14:30     Tea, coffee, cookies
14:45     Rish Singhania (Exeter): Bank Deposit Insurance in the Presence of Uninsured Financial Institutions (with Stephen LeRoy)
             (45 min + 15 min Q&A / discussion)
15:45     Break
16:00     Shengxing Zhang (LSE): Endogenous Market Making and Network Formation (with Briana Chang)
              (45 min + 15 min Q&A / discussion)
17.00     Adjourn

October 9, 2015: Workshop at LBS

14.00     Tea and coffee
14.15     Martin Oehmke (Columbia and LSE): Bank Resolution and the Structure of Global Banks (with Patrick Bolton)
15.30     Coffee break
15.45     Christian Julliard (LSE): Information Asymmetries, Volatility, Liquidity, and the Tobin Tax (with Albina Danilova)
17.00     Adjourn

May 15, 2015: Workshop at Imperial

14.00     Registration
14.15     Anatoli Segura (Bank of Italy): Off-balance sheet vehicles, voluntary support and bank reputation
15.30     Coffee break
15.45     Douglas Gale (Imperial): A Model of Bank Capital in which Deposits Have Social Value 
17.00     Brannon Morrison (LBS, ex FDIC): The FDIC during the crisis (provisional title)
18.00     Reception (Ognisko restaurant, Exhibition Road)

 

April 17, 2015: Workshop at LBS

14.15     Tea and coffee
14.30     Ansgar Walther (Oxford): Rules vs. discretion in bank resolution (with Lucy White)
15.30     Discussion
15.45     Coffee break
16.00     Rafael Matta (Amsterdam): Insecure Debt (with Enrico Perotti)
17.00     Discussion
17.15     Drinks (Windsor Castle)
 

December 11-12, 2014: EuroFIT Conference at LBS (click here)

November 28, 2014: JOB MARKET TEASER session at Cass Business School 

14.00     Tea and coffee
14.15     Kebin Ma (Warwick): Self-fulfilling Fire Sales, Bank Runs and Contagion: Implications for Bank Capital and Regulatory Transparency
15.15     Break
15.30     JM Teaser 1: Guillaume Villemey (Sciences-Po): Derivatives and Reisk Management by Commercial Banks 
16.15     JM Teaser 2: Di Gong (Tilburg): Systemic Risk-taking at Banks: Evidences from the pricing of syndicated loans 
17.00     Adjourn

October 3, 2014: Workshop at London Business School (room ELG001, E Wing) 

14.45     Tea and coffee
15.00     Shengxing Zhang (LSE): Collateral Risk, Repo Rollover and Shadow Banking
16.00     Ilaf Scheikh Elard (Oxford): Capital Repatriation, Openness and Financial Crisis
17.00     Adjourn


May 30, 2014Workshop at London Business School  (Room PLG03)
14.30     Coffee
14.50     Christoph Bertsch (Sveriges Riksbank): A detrimental feedback loop: deleveraging and adverse selection
15.40     Christian Laux (WU Vienna): Regulating Bank CEO Compensation and Active Boards
16.30     Coffee break
16.40     Maxim Nikitin (ICEF Moscow): Globalization, Exchange Rate Regimes and Financial Contagion
17.30     Adjourn


December 13, 2013 (afternoon): Job-market teaser session at LBS. 

14.20     Coffee
14.30     Jing Zeng (LSE): Contingent Capital Structure
15.15     Jason Donaldson (LSE): Procyclical Promises
16.00     John Kuong (LSE): Self-fulfilling Fire Sales: Fragility of Collateralised Short-term Debt Markets
16.45     Adjourn


November 29, 2013Workshop at London Business School  (Room PLG03)

2.15       Welcome coffee
2.30       Vania Stavrakeva (LBS): Optimal Bank Regulation and Fiscal Capacity
3.30       Coffee break
3.45       Afrasiab Mirza (Birmingham): Dynamic Prudential Regulation
4.45       Adjourn


September 27, 2013Workshop at London Business School  (Room LGH001)

9:45       Welcome coffee
10:00     Farzad Saidi (Cambridge): Information Sensitivity and Scope of Financial Intermediation: What are the Real Effects
11:00     Coffee break
11:15     David Skeie (NY Fed): Federal Reserve Tools for Managing Rates and Reserves
12:15     Adjourn

May 3, 2013Workshop at London Business School  (Room PLG03)

9:45        Welcome coffee
10:00     Joel Shapiro (Oxford): A Mechanism for LIBOR 
10:50     Coffee break
11:00     Max Bruche (Cass): Debt Maturity and the Liquidity of Secondary Debt Markets 
11:50     Adjourn


March 8, 2013Workshop at London Business School  (Room SG06)

9.30       Welcome coffee
9.45       Ansgar Walther (Cambridge): Capital and Liquidity Regulation
10.30     Coffee break
10.45     Jason Donaldson (LSE): Investment Mandates and the Downside of Precise Credit Ratings (with Giorgia Piacentino, LSE)
11.30     Adjourn


Conference
The Macroeconomics of Financial Stability
At the London Business School on 4 December 2012. Click here for the programme.

November 30, 2012Workshop at London Business School  (Room PLG03)

14:00     Max Bruche (Cass): Preventing Zombie Lending
14:45     Ansgar Walther (Cambridge): Capital and Liquidity Regulation (Job market teaser)
15:30     Coffee break
16:00     Toni Ahnert (LSE): Crisis, Coordination, and Contagion (Job market teaser)
16:45     Christoph Bertsch (UCL): A model of liquidity provision with adverse selection (Job market teaser)
17:30     Adjourn
17:30     Drinks at the Windsor Castle



October 12, 2012Workshop at London Business School (room E202)

09:45    Welcome coffee
10:00    Jing Zeng (LSE): Contingent Capital and Bank Regulation 
10:40    Q&A
11:00    Ana Babus (Imperial): Trading and Information Diffusion in Over-the-Counter Markets
11:40    Q&A


May 11, 2012Workshop at London Business School

"Communication in Banking Crisis"
 
09:45    Welcome coffee
10:00    Joel Shapiro (Oxford): Information Management in Banking Crises
11:00    Questions and answers


March 2, 2012Workshop at London Business School

"Financial conglomerates and risk taking"
 
09:45    Welcome coffee
10:00    Christoph Bertsch (UCL): The banker in a prisoner's dilemma
11:00    Discussion by Jing Zeng (LSE)
11:30    Questions and answers


January 20, 2012Workshop at London Business School

"Vickers Report / Retail Bank Ring Fence"
 
09:45    Welcome and coffee
10:00    Christoph Bertsch (UCL): Overview of the Vickers Ring-fencing proposal
10:30    Fred Malherbe (LBS): Ring-fencing the Banks (work in progress)
11:00    Discussion

Additional Material: 

 

November 10, 2011: Workshop at London Business School

"Liquidity and Capital Requirements"

09:45    Welcome and coffee
10:00    Toni Ahnert (LSE): Systemic Liquidity Requirements (with Benjamin Nelson, BoE)
10:40    Discussion by Christoph Bertsch (UCL) 
11:00    General discussion and comments
11:30    Fred Malherbe (LBS): Dynamic Macro-prudential Policy (work in progress)