« FINANCIAL AND ECONOMIC INTEGRATION: CHALLENGES AND PROSPECTS»
8:45 – 9:10 Registration and welcome coffee
9:10 – 9:15 Welcome speech
9:15 – 10:45 Session chair: Lieven Baele, Tilburg University
9:15 – 9:55 “Capital flow deflection under the magnifying glass”
Filippo Gori (OECD), Etienne Lepers (City University of London and OECD), Caroline Mehigan (Central Bank of Ireland). Discussant: Tristan Jourde (Paris-Dauphine University)
10:00 – 10:40 “Monitoring the development and integration of EU capital markets” Gianluca Gucciardi (European Commission). Discussant: Etienne Lepers (City University of London and OECD)
10:45 – 11:15 Coffee Break
11:15 – 12: 45 Session chair: Deniz Erdemlioglu, IESEG School of Management, LEM-CNRS
11:15 – 11:55 “The fundamental and Behavioral determinants of stock market integration”, Tristan Jourde (Paris-Dauphine University). Discussant: Anouk Claes (UCLouvain Saint-Louis – Bruxelles)
12:00 – 12:40 “Firms and Country Determinants of Firm Betas and Contagion” Lieven Baele (Tilburg University), Geert Bekaert (Columbia Business School), Frank de Jong (Tilburg University) and Zilong Niu (Southwestern University of Finance). Discussant: Alexandre Girard (UCLouvain – Saint-Louis – Bruxelles)
12:45 – 14:00 Lunch Break
14:00 – 15:45 Session chair: Jean-Yves Gnabo, University of Namur
14:00 – 14:40. “Monetary policy response or globalization: what drives monetary policy rates spillovers” Alexandre Girard (UCLouvain – Brussels), Jean-Yves Gnabo (University of Namur) and Benjamin Peeters (UCLouvain-Brussels). Discussant: Maela Giofre (University of Turin)
14:45 – 15:25 “The shrinkage after the enlargement: the effects of crises and new members’ inclusion on financial integration in the Euro Area” Maela Giofre (University of Turin) and Oleksandra Sokolenko (University of Turin). Discussant: Youssef Ghallada (UCLouvain Saint-Louis – Bruxelles)
15:30 – 16:00 Coffee Break
16:00 – 17:30 Session chair: Alexandre Girard, UCLouvain – Saint-Louis – Brussels
16h00 – 16:40 “News Arrival, Stochastic Jump Dynamics, and Realized Volatility” Deniz Erdemlioglu (IESEG – LEM-CNRS), Xiye Yang (Rutgers University). Discussant: Jean-Yves Gnabo (UNamur)
16:45 – 17:25 “ECB Monetary Policy and Cross-Market Financial spillovers: evidence from large TVP-VAR” Sophie Béreau (UCLouvain, UNamur), Jean-Yves Gnabo (UNamur) and Joey Soudant (UNamur). Discussant: O.Hubert (Banque de France)
17h30 – 19h00 Social event