College of Business > About > Centers & Institutes > John L. Keeley Jr. Center for Financial Services > Events > Chicago Financial Institutions Conference

Chicago Financial Institutions Conference

The Department of Finance and the John L. Keeley Jr. Center for Financial Services at DePaul University held the third annual Chicago Financial Institutions Conference on April 5 and 6, 2018. This unique conference brings together academics from around the world to present their research on financial institutions. The complete program  with links to papers, as well as presentation and discussion slides, is available below under 2018 Conference Program.

Highlights:

  • A total of 42 papers were presented and discussed in 14 sessions. The list of sessions included deposit markets, peer-to-peer lending, bank supervision and risk, syndicated lending, debt markets, mutual funds, and a number of others. 
  • Keynote speakers included Steven Ongena (University of Zurich) and Mark Flannery (University of Florida). 
  • More than 130 people attended the conference, which was held at the Federal Reserve Bank of Chicago and the University Club in downtown Chicago. 
  • Prior to this academic conference, many attendees joined the 11th Annual Risk Management Conference on April 4-5 at the Federal Reserve Bank of Chicago. Together, these two conferences offer a unique opportunity to connect theory and practice. 

The vision of the conference is to support a growing community of academics and others through an open exchange of research on financial institutions. Announcements about the fourth annual Chicago Financial Institutions Conference in 2019 will be sent out through SSRN. We look forward to seeing you at the next conference!

Conference Organizers:

Lamont Black – DePaul University
Elijah Brewer – DePaul University

Advisory Committee:

Allen N. Berger – University of South Carolina
Charles Calomiris – Columbia University
Robert DeYoung – University of Kansas
Mark J. Flannery – University of Florida
Iftekhar Hasan – Fordham University
Joseph G. Haubrich – Federal Reserve Bank of Cleveland
Randall Kroszner – University of Chicago
Steven Ongena - University of Zurich
Greg Udell – Indiana University
Larry Wall – Federal Reserve Bank of Atlanta

Here is the complete program for the 2018 Chicago Financial Institutions Conference, along with links to papers, presentation slides, and discussion slides. You can also download the full program if you prefer.

2018 CFIC Program

Session 1.A: Deposit markets

Location: Illinois Room 1 & 2, Federal Reserve Bank of Chicago
Chair:  George Pennacchi (U Illinois)

Session 1.B: Peer-to-peer lending

Location: Illinois Room 3 & 4, Federal Reserve Bank of Chicago
Chair:  Sudheer Chava (Georgia Tech)

  • Stereotypes and Lending: Evidence from Person-to-Person Transactions
    • Iftekhar Hasan (Fordham U), Qing He (Renmin U of China), and Haitian Lu (Hong Kong Polytechnic University)
    Discussant: Sean Hundtofte (FRB New York)

Session 2.A: Bank ownership

Location: Illinois Room 1 & 2, Federal Reserve Bank of Chicago
Chair: Richard Rosen (FRB Chicago)

Session 2.B: Fintech platforms

Location: Illinois Room 3 & 4, Federal Reserve Bank of Chicago
Chair:  Sarit Markovich (Northwestern U)

Session 3.A: Bank supervision and risk 

Location: Illinois Room 1 & 2, Federal Reserve Bank of Chicago
Chair: Rajesh Narayanan (Louisiana State U)

Session 3.B: Bank lending

Location: Illinois Room 3 & 4, Federal Reserve Bank of Chicago
Chair:  Allen Berger (U South Carolina)

  • Stress Tests and Small Business Lending
    • Kristle Cortes (U New South Wales), Yuliya Demyanyk (FRB Cleveland) Lei Li (U Kansas), Elena Loutskina (U Virginia), Philip Strahan (Boston College)
    Discussant: William Keeton (U Missouri – Kansas City) presentation

Session 4.A: Bank business models

Location: Michigan Room, University Club
Chair:  Greg Udell (Indiana U)

Session 4.B: Syndicated lending

Location: Millennium Room, University Club
Chair:  Justin Murfin (Yale U)

Session 5.A: Information and lending

Location: Michigan Room, University Club
Chair:  Jialan Wang (U Illinois)

Session 5.B: Debt markets

Location: Millennium Room, University Club
Chair:  Joel Houston (U Florida)

Session 6.A: Financial shocks

Location: Michigan Room, University Club
Chair:  Sebastien Michenaud (DePaul U)

Session 6.B: Dealers and liquidity

Location: Millennium Room, University Club
Chair:  Matthew Ringgenberg (U Utah)

  • Prime (Information) Brokerage
    • Nitish Kumar (U Florida), Kevin Mullally (U Alabama), Sugata Ray (U Alabama), and Yuehua Tang (U Florida)
    Discussant: Sumudu Watugala (Cornell U)
  • Hedge Fund Liquidity Management
    • George Aragon (Arizona State U), A. Tolga Ergun (SEC), Mila Getmansky (SEC and U Mass-Amherst), and Giulio Girardi (SEC)
    Discussant: Marco Macchiavelli (Federal Reserve Board) presentation

Session 7.A: Credit and collateral

Location: Michigan Room, University Club
Chair:  Andrea Presbitero (IMF)

Session 7.B: Mutual funds and ETFs

Location: Millennium Room, University Club
Chair:  Jeffrey Harris (SEC and American U)

  • Can Disclosure Decrease Price Efficiency? Evidence from Mutual Fund Disclosures
    • Todd Gormley (Washington U in St. Louis), Zachary Kaplan (Washington U in St. Louis), Aadhaar Verma (Washington U in St. Louis)
    Discussant: Sonya Lim (DePaul U)
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