conference

The Faculty of Economics and Finance of Universidad del Pacífico (Peru), the Center for Empirical Research in Business (CIEN) of the School of Business and Economics of Universidad Diego Portales (Chile) and the Inter-American Development Bank (IDB), invite scholars to present and discuss their work with peers at the FIRST CONFERENCE ON FINANCIAL STABILITY AND SUSTAINABILITY, to be held on January 20TH – 21 ST, 2020 on the premises at Universidad del Pacífico in Lima, Peru.

The conference will bring together policymakers, market participants and researchers. It will provide a unique opportunity for academics working in theoretical and applied topics including financial stability, financial development and financial sustainability, to present high quality research and to build connections and future collaborations among experts working in banking and finance. For policymakers and others, it will provide a forum to be informed about the latest research in these areas, including policy relevant results and evaluations.

Papers presented at the conference will undergo a standard peer review process and, if accepted, will be included in a special issue of the Journal of Financial Stability.

KEYNOTE SPEAKERS

Kose John
Charles William Gerstenberg Professor of Banking and Finance, Stern School of Business, New York University
Kevin Cowan
Commissioner of the Financial Market Commission (CMF, Chile)

PANEL DISCUSSANTS

Javier Poggi
Deputy Superintendent of Economic Studies, Superintendency of Banks, Insurance and Pension Funds
Claudia Cooper
Chairwoman of the Lima Stock Exchange
Andrew Powell
Principal Advisor of the Research Department, Interamerican Development Bank

PROGRAM COMMITTEE

Fernando Díaz
Director of CIEN, Universidad Diego Portales
Iftekhar Hasan
Corrigan Chair in International Business and Finance, Gabelli School of Business, Fordham University
Eric Parrado
Chief Economist, Inter-American Development Bank
Diego Winkelried
Chair of Finance, Universidad del Pacífico

scientific COMMITTEE

Carlos Casas
Dean of Economics and Finance, Universidad del Pacífico
Marco Morales
Associate professor of Economics, Universidad Diego Portales
Marco Ortiz
Assistant professor of Economics, Universidad del Pacífico
Gabriel Ramirez
Professor of Economics, Kennesaw State University
Bill B. Francis
Warren and Pauline Bruggeman Professor of Finance, Lally School of Management, Rensselaer Polytechnic Institute
Nancy Silva
Director of Banking Studies, CMF, Chile
Marco Terrones
Professor of Economics, Universidad del Pacífico
Marco Vega
Deputy Manager of Economic Research, Central Reserve Bank of Peru

conference format

The conference will include two types of sessions:

submissions

Both empirical and theoretical contributions are welcome. Submissions will be judged on their academic merit, where clearer contributions to policymaking will be favored. The topics of interest include but are not limited to:

Please send papers in English and in PDF format by email to cfss@up.edu.pe
(Subject: Conference paper - First author’s surname).

important Dates

CONFERENCE Documents

For more information contact cfss@up.edu.pe
Here you can download (in PDF) the papers of the conference (as evaluated by the Scientific Committee) and the corresponding slides (paper presentation and discussion):
NAME:
Keynote speech: Creativity and innovation in Finance research
SPEAKER / DISCUSSANT:
K. John (NYU Stern School of Business)
DOWNLOAD:
Slides
NAME:
Keynote speech: Emerging topics in financial regulation
SPEAKER / DISCUSSANT:
K. Cowan (CMF)
DOWNLOAD:
Slides
NAME:
Bitcoin and its offspring: A volatility risk approach
SPEAKER / DISCUSSANT:
W. Bazán-Palomino (UP) / R. Mayer (UDP)
DOWNLOAD:
Paper / Slides
NAME:
The (un)intended effects of government bailouts: The Impact of TARP on the interbank market and bank risk-taking
SPEAKER / DISCUSSANT:
P. Behr (FGV) / B. Francis (RPI)
DOWNLOAD:
Paper / Slides
NAME:
The effects of bank capital buffers on bank lending and firm activity: What can we learn from five years of stress-test results?
SPEAKER / DISCUSSANT:
J. Berrospide (FRB) / R. García (RPI)
DOWNLOAD:
Paper / Slides
NAME:
Structural and cyclical determinants of access to finance: Evidence from Egypt
SPEAKER / DISCUSSANT:
F. Betz (EIB) / C. Rojas (CMF)
DOWNLOAD:
Paper / Slides
NAME:
Corporate governance compliance and firm value: A cultural perspective
SPEAKER / DISCUSSANT:
A. Eshraghi (Cardiff U) / A. Kecskés (York U)
DOWNLOAD:
Paper / Slides
NAME:
Stress tests and the Hawthorne effect in banking
SPEAKER / DISCUSSANT:
R. García (RPI) / J. Berrospide (FRB)
DOWNLOAD:
Paper / Slides
NAME:
Reserve requirements as a financial stability instrument
SPEAKER / DISCUSSANT:
R. Gondo (BCRP) / O. Pascual (PUCP)
DOWNLOAD:
Paper / Slides
NAME:
Corporate earnings sensitivity to FX volatility and currency exposure: Evidence from Peru
SPEAKER / DISCUSSANT:
A. Humala (BCRP) / F. Villatoro (UAI)
DOWNLOAD:
Paper / Slides
NAME:
Technology spillovers, asset redeployability, and corporate financial policies
SPEAKER / DISCUSSANT:
A. Kecskés (York U) / A. Eshraghi (Cardiff U)
DOWNLOAD:
Paper / Slides
NAME:
Real asset backed coins and the value of cooperation
SPEAKER / DISCUSSANT:
R. Mayer (UDP) / W. Bazán-Palomino (UP)
DOWNLOAD:
Paper / Slides
NAME:
The portfolio channel of capital flows and foreign exchange intervention in a small open economy
SPEAKER / DISCUSSANT:
M. Ortiz (UP) / J. Sabat (UDP)
DOWNLOAD:
Paper / Slides
NAME:
Financial supervisory architecture: What has changed after the crisis?
SPEAKER / DISCUSSANT:
O. Pascual (PUCP)
DOWNLOAD:
Paper / Slides
NAME:
What can volatility smiles tell us about the Too Big to Fail problem?
SPEAKER / DISCUSSANT:
D. Puente (ANU) / P. Valenzuela (U Chile)
DOWNLOAD:
Paper / Slides
NAME:
Credit unions in Chile: What is their role?
SPEAKER / DISCUSSANT:
C. Rojas (CMF) / F. Betz (EIB)
DOWNLOAD:
Paper / Slides
NAME:
A macrofounded linear stochastic discount factor: An application to foreign exchange reserves asset
SPEAKER / DISCUSSANT:
J. Sabat (UDP) / M. Ortiz (UP)
DOWNLOAD:
Paper / Slides
NAME:
The role of information and trust in the demand for mobile banking in Northern Peru
SPEAKER / DISCUSSANT:
J. Torres (UP) / G. Ramírez (KSU)
DOWNLOAD:
Paper / Slides
NAME:
Sovereign credit risk, financial fragility, and global factors
SPEAKER / DISCUSSANT:
P. Valenzuela (U Chile) / D. Puente (ANU)
DOWNLOAD:
Paper / Slides
NAME:
Mislearning and (poor) performance of individual investors
SPEAKER / DISCUSSANT:
F. Villatoro (UAI) / A. Humala (BCRP)
DOWNLOAD:
Paper / Slides

USEFUL INFORMATION ABOUT LIMA-PERU

POPULATION
Peru has a population of over 30 million, of whom almost 9 million live in the capital Lima.
LANGUAGES
The official language is Spanish. In the Andean and Amazonian areas other native languages are also spoken.
CURRENCY
The currency in Peru is the Peruvian Sol (PEN); 1 USD = 3.38 PEN (August, 2019). We suggest that you only change money at the airport, hotels, banks and exchange agencies.
CREDIT CARDS
All credit cards are used and accepted for withdrawing money and commercial transactions. Check with your bank if charges and commissions fees apply.
BANKING HOURS
09:00 / 18:00 Monday to Friday
09:00 / 12:00 Saturdays
ATM are available 24/7 at several locations in Lima.
LOCAL WEATHER
In January, the temperature in Lima ranges from 20°C to 26°C (68°F to 79°C)
ELECTRICITY
The electricity supply in Peru is 220 Volts AC, 60 Hz. Most outlets are two-pin (European standard) but also accept the US type (with two flat parallel blades). Major hotels have 110 volt outlets for electric razors.
TAXI SERVICES
Always take the taxis from the hotels. Taxis do not have a meter. You must ask for the price of the ride before boarding the vehicle.
Mobile apps such as Uber and Cabify operate in the city.
Further information
www.peru.travel/en-us/
HOTELS NEARBY UNIVERSIDAD DEL PACÍFICO
COSTA DEL SOL
Contact: Giovanna Alegria Position: Corporate Account Executive Phone: (511) 200 9200 / 993 599 080 E-mail: galegria@costadelsolperu.com
ATTON
Contact: Cindy Diaz Effio Position: Corporate Sales Executive Phone: (511) 208 1219 / 941 729 806 E-mail: HB462-SL3@accor.com
SUITES ANTIQUE
Contact: Macarena Rodríguez Leiton Position: Head of Reception and Reservations Phone: (51) (1) 222 1094 E-mail: administrador@suites-antique.com
MELIÁ
Contact: Valeria Noriega Position: Corporate Account Manager Phone: (511) 411 9000 / 981 200 166 E-mail: valeria.noriega@melia.com
LOS DELFINES
Contact: Pamela Espinoza Aliaga Position: Sales Executive Phone: (511) 215 7085 / 996 051 976 E-mail: pespinoza@losdelfineshotel.com.pe
Other hotels can be found at www.peru.travel/en-us/Search-Travel-Services
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