F i n a n c e U C

14th International Conference

MBA UC Building

Av. Libertador Bernardo O'Higgins 440

Santiago, Chile

June 27 - 28, 2018

Conference Program

Wednesday June 27, 2018

10:30 Registration

Session 1: Banking

11:00 Does borrowing from banks cost more than borrowing from the market?
Michael Schwert – Ohio State University
Discussant: Felipe Aldunate – PUC Chile
12:00 Break
12:05 The economics of supranational bank supervision
Consuelo Silva – PUC Chile
Discussant: Rawley Heimer – Boston College
13:05 Lunch (by invitation only)

Lunch Panel: Bridging the gap between academia and regulation
Chair: Borja Larrain – PUC Chile
Speakers: Mauricio Larraín – PUC Chile and Comision Mercado Financiero Chile
Kevin Cowan – UAI Chile and Comision Mercado Financiero Chile

Session 2: Household Finance

14:30 The elasticity of household retailer choice
Scott Baker – Northwestern University
Discussant: Gabriel Natividad – Universidad de Piura
15:30 Break
15:35 Learning from coworkers: Peer effects on individual investment decisions
Geoff Tate – University of Maryland
Discussant: Giorgo Sertsios – Universidad de Los Andes

Thursday June 28, 2018

Session 3: Behavioral Finance

9:45 Tear Down this Wall Street: Anti-market Rhetoric, Motivated Beliefs, and Investment
Francesco D’Acunto – University of Maryland
Discussant: Jose Tessada – PUC Chile
10:45 Break
10:50 Doing Less with More
Rawley Heimer – Boston College
Discussant: Borja Larrain – PUC Chile
11:50 Coffee break

Session 4: Historical Banking

12:20 How do liability rules influence a bank's response to a crisis? Evidence from the Great Depression
Felipe Aldunate – PUC Chile
Discussant: Felipe Gonzalez – PUC Chile
13:20 Lunch (by invitation only)

Session 5: Labor Markets

14:30 The internal labor markets of business groups
Mauricio Larrain – PUC Chile and CMF Chile
Discussant: Geoff Tate – University of Maryland
15:30 Coffee break

Session 6: Criptocurrencies

15:35 Tokenomics: Dynamic adoption and valuation
Lin William Cong – University of Chicago
Discussant: Jaime Casassus – PUC Chile

This conference is funded by Finance UC, the Vicerrectoría de Investigación of the Pontificia Universidad Católica de Chile, and the World Bank Research & Development Center in Chile.