YPFS: Inaugural Conference 2014

YPFS: Inaugural Conference 2014

The Yale Program on Financial Stability (YPFS) is holding its inaugural conference on August 1, 2014 on the campus of Yale University in New Haven, Connecticut. The conference is held jointly with the Journal of Banking and Finance (JBF) on the topic of “bank capital.” We especially welcome papers that successfully bring academic rigor to practical questions faced by regulators.

Register Here

General Information

Hotel Accommodations

Local Hotels

The Omni New Haven Hotel, 155 Temple St. New Haven CT. 203.772.6664  Book Here

New Haven Hotel, 229 George Street New Haven, CT. 203.498.3100 Book Here

The Study, 1157 Chapel St. New Haven CT. 203.503.3900 Book Here


Yale School of Management, Evans Hall
165 Whitney Ave
New Haven, CT

Conference Events

Session 1 at 9:00:
Benjamin Cohen, Bank of International Settlements
Banks and Capital Requirements: Channels of Adjustment
Discussant: Jack Reidhill, FDIC
Lev Rantnovski, International Monetary Fund
Bank Size, Capital Requirements, and System Risk: Some International Evidence
Discussant: Michael Gibson, Federal Reserve Board
Panel Discussion at 11:00:
Eilis Ferran, University of Cambridge
David Scharfstein, Harvard Business
Richard Herring, University of Pennsylvania
Tobias Adrian, Federal Reserve Bank of New York
Lunch & Keynote Speaker at 12:00
Lunch & Keynote Speaker: Paul Tucker
Senior Fellow at Missavar-Rahmani Center for Business & Government at Harvard Kennedy School & Harvard Business School
Session 2 at 1:30:
John Duca, Federal Reserve Bank of Dallas and Southern Methodist University
How Capital Regulation and Other Factors Drive Shadow Banking in the Short and Long Run
Discussant: Stijn Claessens, International Monetary Fund
Joseph Noss, Bank of England
Estimating the Impact of Changes in Aggregate Bank Capital Requirements During an Upswing
Discussant: Richard Berner, Office of Financial Research, U.S. Department of Treasury
Session 3 at 3:30:
James Vickery, Federal Reserve Bank of New York
The Capital and Loss Assessment Under Stress Scenarios (CLASS) Model
Discussant: Ignazio Angeloni, European Central Bank
Fabián Valencia, International Monetary Fund
Bank Capital and Uncertainty
Discussant: Nellie Liang, Federal Reserve Board