Artificial Intelligence in Finance

Agenda

Thursday, March 20

08:45: Registration & Breakfast

09:15 – 09:30: Opening Remarks

09:30 – 11:00: First Session. Chair: Xavier Vives, IESE Business School

1- AI-Powered Trading, Algorithmic Collusion, and Price Efficiency (with I. Goldstein and Y. Ji)

• Presenter: Winston Dou, Wharton School
• Discussant: Hao Yang, Swiss Finance Institute and USI Lugano

2- Algorithmic Pricing and Liquidity in Securities Markets (with T. Foucault and S. Lovo)

• Presenter: Jean-Edouard Colliard, HEC Paris
• Discussant: Liyan Yang, Rotman School of Management

11:00 – 11:30: Coffee Break

11:30 – 13:00: Second Session. Chair: Thierry Foucault, HEC Paris

1- Artificial Intelligence and Firms’ Systematic Risk (with A. Fedyk, A. He and J. Hodson)

• Presenter: Tania Babina, Columbia Business School
• Discussant: Simona Abis, University of Colorado Boulder

2- Privacy Policies and Consumer Data Extraction: Evidence from US firms (with T. Ramadorai and A. Walther)

• Presenter: Antoine Uettwiller, Queen Mary University of London
• Discussant: Mireia Giné, IESE Business School

13:00 – 14:00: Lunch

14:00 – 15:30: Third Session. Chair: Wei Jiang, Emory University

1- Generative AI and Firm Values (with A. Eisfeldt and M. B. Zhang)

• Presenter: Gregor Schubert, UCLA Anderson
• Discussant: Olivier Dessaint, INSEAD

2- Machine Learning About Venture Capital Choices (with V. Lyonnet)

• Presenter: Léa H. Stern, University of Washington
• Discussant: Ramana Nanda, Imperial College London

15:30 – 16:00: Coffee Break

16:00 – 17:30: Fourth Session. Chair: Leonardo Gambacorta, Bank for International Settlements

1- Data, Innovation Complementarity and Firm Growth (with A. Fedyk, O. Gomes and K. Rishabh)

• Presenter: Roxana Mihet, University of Lausanne
• Discussant: Enisse Kharroubi, Bank for International Settlements

2- Artificial intelligence and relationship lending (with L. Gambacorta and F. Sabatini)

• Presenter: Stefano Schiaffi, Bank of Italy
• Discussant: Xavier Freixas, Universitat Pompeu Fabra

17:30: End of meeting

Agenda

Friday, March 21

08:45: Registration & Breakfast

09:15 – 09:45: Welcome & Opening

• José Luis Escrivá, Governor of the Banco de España

09:45 – 10:45: AI and the financial sector: Transformations, challenges and regulatory responses

• Leonardo Gambacorta, Bank for International Settlements
• Discussant 1: Diana Bonfim, Banco de Portugal, Católica Lisbon and CEPR
• Discussant 2: Ronit Ghose, Citi
• Chair: Luigi Guiso, Einaudi Institute for Economics and Finance

10:45 – 11:15: Coffee Break

11:15 – 12:15: Corporate Finance and Governance with AI: Old and New

• Wei Jiang, Emory University
• Discussant 1: Sean Cao, University of Maryland
• Discussant 2: Luca Enriques, University of Oxford
  
• Chair: Rafael Repullo, CEMFI

12:15 – 13:15: Roundtable

• Bonnie Buchanan, Sustainable and Explainable FinTech Center University of Surrey
• Zanna Iscenko, Google
• Charles-Albert Lehalle, École Polytechnique

13:15 – 14:30: Lunch 

14:30 – 15:30: AI’s Impact on Financial Markets: The Consequences of Evolving Information Production

• Thierry Foucault, HEC Paris
• Discussant 1: William Cong, Cornell University
• Discussant 2: Robin Lumsdaine, American University
• Chair: Victoria Vanasco, CREI, UPF, BSE

15:30 – 16:00: Conclusion 

16:00: End of meeting