First Finance and Productivity conference 2019 | European Bank for Reconstruction and Development (EBRD) | 2 December 2019 | European Bank for Reconstruction and Development, One Exchange Square, Spitalfields, London EC2A 2JN, United Kingdom

The Great Financial Crisis of 2007/2008 still casts a shadow on many developed economies in terms of real outcomes, such as investment, innovation, employment, or trade. Whereas a plethora of macroprudential measures strengthened the resilience of financial systems, immediate liquidity assistances provided by lenders of last resort around the globe created potentially hazardous dependencies of financial institutions and markets on loose re-financing conditions. This environment alleviated credit constraints for non-financial firms, but it might also have contributed to the rise of unsustainable leverage in the corporate sector and poor governance and monitoring that leads ultimately to the misallocation of real resources.

2019 Speakers:

Christoph Albert
CEMFI

Isaac Hacamo
Indiana University

Thorsten Beck
Cass Business School and Vincent Sterk (UCL)

Şebnem Kalemli-Özcan
University of Maryland

Marcela Eslava
Universidad de Los Andes

Giuseppe Fiori
Federal Reserve Board of Governors and NC State

William F. Maloney
Chief Economist Sustainable Development

Simone Lenzu
NYU Stern

Klaas Mulier
Ghent University

Ramana Nanda
Harvard Business School and Marcela Eslava Universidad de Los Andes

Enrico Sette
Bank of Italy

Fadi Hassan
Bank of Italy and CEP

Andrea Caggese
Pompeu Fabra and Reint Gropp (IWH)

Kalina Manova
University College London

Matthias Meier
University of Mannheim

Vahid Saadi
IE Business School

Jose Luis Peydro
Barcelona GSE and Kalina Manova (UCL)

Filippo di Mauro
Chairman of CompNet

Michael Koetter
IWH and Cagatay Bircan (EBRD)