The University of Luxembourg, together with ESSEC Business School, and the Centre for Economic Policy Research (CEPR) is organizing a conference on “Sustainable Financial Intermediation in Credit and Housing Markets” in the Moselle wine region of Luxembourg.
The objective of this conference is to bring together a small group of researchers in a stimulating and pleasant atmosphere. The conference is open to all participants but with a limited number of seats, and the priority will be given to academics and researchers at central banks and other policy institutions.
The conference will feature the presentation of 8 papers (& 8 discussions) with a focus on (but not limited to) the financing of “green” assets, a session for PhD students, and a keynote presentation from Adriano Rampini (Duke University, NBER, CEPR, FARFE), and several opportunities for knowledge exchange and networking.
Scientific committee:
- Patrick Augustin, McGill University
- Tobias Berg, Goethe University & CEPR
- Martin Brown, Study Center Gerzensee & CEPR
- Jean-Edouard Colliard, HEC Paris & CEPR
- Dragana Cvijanovic, Cornell University
- Ralph de Haas, EBRD & CEPR
- Hans Degryse, KULeuven & CEPR
- Kornelia Fabisik, University of Bern & CEPR
- Emilia Garcia-Appendini, Norges Bank
- Christoph Herpfer, University of Virginia
- Björn Imbierowicz, Deutsche Bundesbank
- Martina Jasova, Columbia University
- Frederic Malherbe, University College London & CEPR
- Camelia Minoiu, Federal Reserve Bank of Atlanta
- Vesa Pursiainen, University of St. Gallen
- Maximilian Rohrer, NHH
- Magdalena Rola-Janicka, Imperial College & CEPR
- Larissa Schäfer, Frankfurt School of Finance and Management & CEPR
- Victoria Vanasco, CREI & CEPR
- Sergio Vicente, University of Luxembourg
- Jing Zeng, University of Bonn & CEPR
Programme
Monday, 29 July 2024
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08.45 – 09.00
Opening words
Diane Pierret, University of Luxembourg
Financing Green Firms: Regulation And Lobbying
Chair: Diane Pierret, University of Luxembourg & CEPR
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09.00 – 10.40
Corporate Climate Lobbying
Presenter: Tingyu Yu, University of Zurich
Discussant: Luke Stein, Babson College
Co-authors:
- Markus Leippold, University of Zurich & SFI
- Zacharias Sautner, University of Zurich, SFI, ECGI, & CEPR
The Real Effects of Sustainable Finance Regulation
Presenter: Andrea Fabiani, Bank of Italy
Discussant: Christoph Herpfer, UVA Darden School of Business
Co-authors:
- Francesco Columba, Bank of Italy
- Raffaelle Gallo, Bank of Italy
- Giorgio Meucci, Bank of Italy
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10.40 – 10.55
Coffee break
Green Loans to Households
Chair: Artashes Karapetyan, ESSEC Business School
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10.55 – 12.35
Do ESG investors care about carbon emissions? Evidence from securitized auto loans
Presenter: Christian Kontz, Stanford Graduate School of Business
Discussant: Tim Eisert, Nova school of Business and Economics & CEPR
Picking Up the PACE: Loans for Residential Climate-Proofing
Presenter: Francesco Mazzola, ESCP Business School
Discussant: Christophe Spaenjers, University of Colorado Boulder
Co-authors:
- Aymeric Bellon, UNC Chapel-Hill
- Cameron LaPoint, Yale SOM
- Guosong Xu, Erasmus University & RSM
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12.35 – 13.45
Lunch break
Doctorates short presentations
Chair: Luciano Somoza, ESSEC Business School
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13.45 – 15.05
Green Neighbors, Greener Neighborhoods
Christine Zhuowei Huang, University of Texas
Flooded House or Underwater Mortgage? The Implications of Rising Climate Risk and Adaptation on Housing, Income, and Wealth
Yasmine Van Der Straten, University of Amsterdam & Tinbergen Institute
Female Skin in the Game: Bridging the Gender Financing Gap
Kristine Sahakyan, ESCP Business School
Bank Competition and Entrepreneurial Gaps Evidence from Bank Deregulation
Xiang Li, Boston College
Keynote session
Chair: Roberto Steri, University of Luxembourg
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15.05 – 16.05
Financing the Adoption of Clean Technology
Presenter: Adriano Rampini, Duke’s Fuqua School of Business & CEPR
Co-author: Andrea Lanteri, Duke’s Fuqua School of Business & CEPR
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16.30 onward
Discovery of the Mosel Region and Dinner
By invitation only
Tuesday, 30 July 2024
Green Measurement
Chair: Roméo Tédongap, ESSEC Business School
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09.00 – 10.40
Your Carbon Footprint, Including Investments: An Industry-Tailored Metric of Investment and Consumption Impact,
Presenter: Eva Schliephake, Católica Lisbon School of Business and Economics
Discussant: David Martínez Miera, Carlos III University & CEPR
Co-author: Hendrik Hakenes, University of Bonn
Market-based green firms
Presenter: Oliver Rehbein, WU Vienna & VGSF
Discussant: Michela Altieri, Luiss Guido Carli University
Co-authors:
- Konrad Adler, University of St Gallen
- Matthias Reiner, WU Vienna & VGSF
- Jing Zeng, University of Bonn & CEPR
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10.40 – 10.55
Coffee break
Green Transition: Solving Incentive Problems
Chair: Martina Fraschini, University of Luxembourg
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11.00 – 12.40
Investor Activism and the Green Transition,
Presenter: Simon Mayer, Carnegie Mellon University
Discussant: Sebastian Pfeil, University of Groningen
Co-authors:
- Sebastian Gryglewicz, Erasmus University Rotterdam
- Erwan Morellec, EPFL & SFI
Capital regulation in the presence of physical climate risk,
Presenter: Natalya Martynova, Deutsche Bundesbank
Discussant: Sergio Vicente, University of Luxembourg
Co-author: Kartik Anand, Deutsche Bundesbank
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12.40 – 13.00
Closing words
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13.00 – 14.30
Closing lunch
Organisers:
- Diane Pierret, University of Luxembourg & CEPR
- Artashes Karapetyan, ESSEC Business School
Contact:
An event supported by the Luxembourg National Research Fund (INTER/ANR/21/15863559/GREENFINHOME), the University of Luxembourg, ESSEC Business School, and the Centre for Economic Policy Research (CEPR).
