Conference Program
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All sessions are held at room B1 Time limits: Authors 15 minutes, Discussant:s 15 minutes, Q&As 30 minutes
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Friday, September 22, 2006
8.45	-	9.00		Welcoming Remarks
9.00	-	10.30		Session I:	The Role of Distance in Banking (I)
				Chair:	Pietro Alessandrini, University of Ancona
				Favoritism or Markets in Capital Allocation?
					Mariassunta Giannetti, Stockholm School of Economics Xiaoyun Yu, Indiana University
				Discussant:	Matej Marinc, University of Amsterdam and University of Ljubljana
				An Empirical Examination of the Growth in Out-of-Market Commercial Lending: The Changing Competitive Landscape and the Role of Asymmetric Information
					Kenneth P. Brevoort, Federal Reserve Board of Governors
				Discussant:	Giorgio Calcagnini, University of Urbino
10.30	-	11.00		Coffee Break
11.00	-	11.30		Distinguished Speaker Session
				Introduction:	Michele Fratianni, Indiana University and University of Ancona
				Information Sharing between Banks: Theory and Evidence from Transition Countries
					Marco Pagano, University of Naples Federico II
11.30	-	13.00		Session II:	Market Structure in Banking
				Chair:	Fabio Panetta, Bank of Italy
				What Borders are (likely) Made of? An Analysis of Banking Integration Using European Regional Data
					Massimiliano Affinito, Bank of Italy Matteo Piazza, Bank of Italy
				Discussant:	Ron Martin, Cambridge University
				Are More Competitive Banking Systems More Stable?
					Klaus Schaeck, University of Southampton Martin Cihák, International Monetary Fund Simon Wolfe, University of Southampton
				Discussant:	Marcello Messori, University of Rome Tor Vergata
13.00	-	14.00		Lunch
14.00	-	15.30		Session III:	Relationship Lending
				Chair:	Alberto Niccoli, University of Ancona
				The Effect of Market Structure and Relationship Lending on the Likelihood of Credit Tightening
					Fabrizio Guelpa, Banca Intesa Virginia Tirri, Banca Intesa
				Discussant:	Arnoud Boot, University of Amsterdam
				The Role of Collateral and Personal Guarantees in Relationship Lending: Evidence from Japan's Smal Business Loan Market
					Arito Ono, Mizuho Research Institute Iichiro Uesugi, Research Institute of Economy, Trade and Industry
				Discussant:	Zeno Rotondi, Capitalia
15.30	-	16.00		Coffee Break
16.00	-	17.30		Session IV:	Banking Regulation
				Chair:	Marcello Messori, University of Rome Tor Vergata
				Regulation of Multinational Banks: A Theoretical Inquiry
					Giacomo Calzolari, University of Bologna Gyongyi Loranth, University of Cambridge, CERF and CEPR
				Discussant:	Donato Masciandaro, University Bocconi
				Deposit Insurance Coverage, Ownership and Banks' Risk-taking in Europe
					Apanard Angkinand, University of Illinois Clas Wihlborg, Copenhagen Business School
				Discussant:	Leonardo Gambacorta, Bank of Italy
20.00				Reception and dinner
Saturday, September 23, 2006
9.00	-	10.30		Session V:	The Role of Distance in Banking (II)
				Chair:	Ron Martin, Cambridge University
				Banks, Distances and Financing Constraints for Firms
					Pietro Alessandrini, University of Ancona Andrea F. Presbitero, University of Ancona Alberto Zazzaro, University of Ancona
				Discussant:	Gregory F. Udell, Indiana University
				Distance and Information Asymmetries in Lending Decisions
					Summit Agarwal, Bank of America Robert Hauswald, American University, Washington D.C.
				Discussant:	Hans Degryse, Tilburg University
10.30	-	11.00		Coffee Break
11.00	-	11.30		Keynote Speaker Session
				Introduction:	Alberto Zazzaro, University of Ancona
				SME Lending: When Does Distance Matter?
					Gregory F. Udell, Indiana University
11.30	-	13.00		Session VI:	Organizational Structure
				Chair:	Arnoud Boot, University of Amsterdam
				The Impact of Organizational Structure and Lending Technology on Banking Competition
					Hans Degryse, Tilburg University Luc Laeven, World Bank and CEPR Steven Ongena, Tilburg University
				Discussant:	Fabio Panetta, Bank of Italy
				Risk and Organization of Bank Foreign Affiliates
					Giovanni Dell'Ariccia, International Monetary Fund and CEPR Robert Marquez, University of Maryland
				Discussant:	Alberto F. Pozzolo, University of Molise
13.00	-	14.00		Lunch
14.00	-	15.30		Session VII:	Mergers and Acquisitions
				Chair:	Marco Pagano, University of Naples Federico II
				The Effect of Cross-border Bank M&A on Bank Risk: Evidence from Yield Spreads
					Sungho Choi, Rennselaer Polytechnic Institute Bill Francis, Rennselaer Polytechnic Institute Iftekhar Hasan, Rennselaer Polytechnic Institute
				Discussant:	Riccardo Lucchetti, University of Ancona
				Cross-border M&As in the Financial Sector: Is Banking Different from Insurance?
					Dario Focarelli, University of Rome "La Sapienza" Alberto F. Pozzolo, University of Molise
				Discussant:	Gregorio De Felice, Banca Intesa
15.30	-	16.00		Coffee Break
16.00	-	17.30		Session VIII:	Geographic Diversification and Local Credit Markets
				Chair:	Michele Fratianni, Indiana University and University of Ancona
				Banking Activities and Local Output Growth: Does Distance from Center Matter?
					Suheyla Ozyldirim, Bilkent University, Turkey Zeynep Onder, Bilkent University, Turkey
				Discussant:	Riccardo De Bonis, Bank of Italy
				Switching Costs in Local Credit Markets
					Guglielmo Barone, Bank of Italy Roberto Felici, Bank of Italy Marcello Pagnini, Bank of Italy
				Discussant:	Fabrizio Mattesini, University of Rome Tor Vergata
17.30	-	17.45		Conclusions