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             08:30 Registration  
            08:45 Welcome address  
            Yannis Stournaras, Governor of the Bank of Greece  
            09:00 - 11:00 Session A  
            Chair: Dimitris Malliaropulos, Bank of Greece and University of Piraeus  
            Credit supply shock propagation and amplification in the real economy: firm-level evidence 
            Hans Dewachter, Nationale Bank van België/Banque Nationale de Belgique  
            Joris Tielens* and Jan Van Hove, KU Leuven  
            Discussant: Marcel Tirpak, European Central Bank 
            Monetary policy, lending standards, and bank risk-taking: evidence from the Swedish mortgage market 
            Jieying Li* and Peter Van Santen, Sveriges Riksbank  
            Discussant: Giuseppe Cappelletti, European Central Bank 
            Pitfalls in the use of systemic risk measures  
            Gunter Löffler, University of Ulm  
            Peter Raupach*, Deutsche Bundesbank  
            Discussant: Bernd Schwaab, European Central Bank  
            Rules and discretion(s) in prudential regulation and supervision: evidence from EU Banks in the run-up to the crisis  
            Angela Maddaloni, European Central Bank 
            Alessandro D. Scopelliti*, European Systemic Risk Board 
            Discussant: Daniel Foos, Deutsche Bundesbank  
            11:20 - 12:10 Keynote speeches and panel discussion  
            “The use of financial research in the policy process”  
            Luc Laeven, European Central Bank  
            “A selective and forward-looking view on financial research topics”  
            Stijn Claessens, Bank for International Settlements 
            Panel discussion chair: Heather Gibson, Bank of Greece  
            12:10 - 13:40 Session B  
            Chair: Benoît Mojon, Banque de France  
            Life below zero: bank lending under negative policy rates 
            Florian Heider and Glenn Schepens*, European Central Bank  
            Farzad Saidi, Stockholm School of Economics  
            Discussant: Diana Bonfim, Banco de Portugal 
            Credit supply shocks, networks effects and the real economy  
            Laura Alfaro, Harvard Business School 
            Manuel García-Santana, Universitat Pompeu Fabra 
            Enrique Moral-Benito*, Banco de España 
            Discussant: Olivier De Jonghe, Nationale Bank van België/Banque Nationale de Belgique  
            Asymmetric information and the securitisation of SME loans  
            Ugo Albertazzi* and Margherita Bottero, Banca d’Italia 
            Leonardo Gambacorta, Bank for International Settlements  
            Steven Ongena, University of Zurich  
            Discussant: Eduardo Maqui, Central Bank of Ireland 
            14:30 - 16:30 Session C  
            Chair: Simone Manganelli, European Central Bank 
            Measuring financial stress and its impact on the macroeconomy  
            Sulkhan Chavleishvili, Goethe University Frankfurt 
            Manfred Kremer*, European Central Bank 
            Discussant: Robert Vermeulen, De Nederlandsche Bank  
            Detrending and financial cycle facts across G7 countries: mind a spurious medium term!  
            Yves S. Schüler, Deutsche Bundesbank  
            Discussant: Petros Migiakis, Bank of Greece  
            Monetary policy, stock market and sectoral comovement  
            Pierre Guérin, Bank of Canada 
            Danilo Leiva-Leon*, Banco de España  
            Discussant: Dimitrios Louzis, Bank of Greece  
            Bank business models at zero interest rates  
            André Lucas and Julia Schaumburg, Vrije Universiteit Amsterdam 
            Bernd Schwaab*, European Central Bank  
            Discussant: Xisong Jin, Banque centrale du Luxembourg 
            16:50 - 18:50 Session D  
            Chair: Federico Pierobon, European Central Bank  
            Non-performing loans and the supply of bank credit from Italy  
            Matteo Accornero, Piergiorgio Alessandri, Luisa Carpinelli* and 
            Alberto Maria Sorrentino, Banca d’Italia  
            Discussant: Carlo Altavilla, European Central Bank  
            Real effects of financial distress: the role of heterogeneity  
            Francisco Buera, Federal Reserve Bank of Chicago 
            Sudipto Karmakar*, Banco de Portugal  
            Discussant: Glenn Schepens, European Central Bank 
            Mitigating counterparty risk  
            Yalin Gündüz, Deutsche Bundesbank  
            Discussant: Evangelos Benos, Bank of England  
            Banking crises, bail-ins and depositor confidence: lessons from Cyprus  
            Martin Brown, University of St.Gallen 
            Ioanna S. Evangelou, Central Bank of Cyprus 
            Helmut Stix*, Oesterreichische Nationalbank  
            Discussant: Evangelos Charalambakis, Bank of Greece  
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