Summer FTG Conference 2025

Summer FTG Conference 2025

18

Jul

The FTG Summer Conference will be held at UCL School of Management (Google Map) in Canary Wharf, London, on July 18–19, 2025.

Jean-Charles Rochet will deliver a keynote lecture entitled “Micro-Founded Macro-Finance”.


The conference will begin with lunch on July 18 and conclude around 4:30 p.m. on July 19, allowing participants to catch evening flights. London City airport is only a 15 minute cab drive away and Heathrow and Gatwick can be reached with public transport in about 50 minutes. Following FTG tradition, we will organize small-group dinners on Friday evening.


Accommodation:There are numerous hotels in the area, including London Marriott Hotel Canary Wharf, Hilton London Canary Wharf, TRIBE London Canary Wharf, and Novotel London Canary Wharf, etc.


Organizers: Alex Gorbenko, Fred Malherbe, Ming Yang, Ji Hee Yoon, Yue Yuan


18th July, Friday (Conference venue: Level 50, One Canada Square, London E14 5AA)

12pm-1:45pm

Lunch (location: SW54)

1:45pm-2pm

Welcome remarks


Parallel Session 1

(location: NW54)


Parallel Session 2

(location: C53)

2pm-3pm

"How to model bank competition: the case for Cournot", by Chiara Lattanzio


"Who should pay for ESG ratings?", by Stefano Lovo and Jacques Olivier

"The Making of (Modern) Banks", by Zhao Li, Kebin Ma, and Lucy White


"Sustainable Investing and Market Governance", by Alvin Chen, Deeksha Gupta, and Jan Starmans

3pm-3:15pm

Break (SW54)

3:15pm-4:15pm

"Exploitation Payoffs and Incentives for Exploration", by Jangwoo Lee, William Fuchs, and Martin Dumav


"A Theory of Shareholder Class Actions", by Hongda Zhong

"Dilutive Financing", by Hanjoon Ryu


"A Unifying Theory of Blockholder Ownership and Corporate Policies", by Sebastian Gryglewicz, Simon Mayer, and Erwan Morellec

4:15pm-4:30pm

Break (SW54)

4:30pm-5:30pm

"Deposit Clustering", by Ruslan Sverchkov and Chaojun Wang


"A Theory of Auditor Selection", by Peter Achim, Deniz Kattwinkel, Jan Knoepfle, and Alexandra Scherf

"Market Choice in Asset Trading:


The Role of Collateral", by Lukas Altermatt, Piero Gottardi, and Ji Hee Yoon


"Moral hazard and the quest for linear contracts", by Marcus Opp

5:30pm-6:30pm

Reception (SW54)

6:30pm -

Participants leave SOM for small group dinners


19th July, Saturday (Conference venue: Level 50, One Canada Square, London E14 5AA)

9am-9:30am

Pastries and Coffee (SW54)

9:30am-10:30am

"AI Coordination and Self-fulfilling Financial Crises", by Hao Yang

(location: NW54)

10:30am-10:45am

break (SW54)

10:45am-11:45am

"Liquidity in the Cross Section of OTC Assets", by Semih Uslu and Guner Velioglu (location: NW54)

11:45am-12pm

break (SW54)

12pm-1pm

"The Market for ESG Ratings", by Ehsan Azarmsa and Joel Shapiro

(location: NW54)

1pm-2pm

lunch (SW54)

2pm-3pm

Keynote Lecture "Microfounded Macrofinance", by Jean-Charles Rochet

(location: NW54)

3pm-3:15pm

break (SW54)

3:15pm-4:15pm

“Platform Money”, by Emre Ozdenoren, Yuan Tian, and Kathy Yuan

4:15pm-4:30pm

Adjourn

 


Papers

How to model bank competition: the case for Cournot

Who should pay for ESG ratings?

The Making of (Modern) Banks

Sustainable Investing and Market Governance

Exploitation Payoffs and Incentives for Exploration

A Theory of Shareholder Class Actions

Dilutive Financing

A Unifying Theory of Blockholder Ownership and Corporate Policies

Deposit Clustering

A Theory of Auditor Selection

Market Choice in Asset Trading: The Role of Collateral

Moral hazard and the quest for linear contracts

AI Coordination and Self-fulfilling Financial Crises

Liquidity in the Cross Section of OTC Assets

The Market for ESG Ratings

Platform Money

 

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University College London