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IMFS Workshop on Financial Stability and Financial Literacy

May 23, 2025

Room “DZ Bank”
House of Finance
Goethe University Frankfurt

Organizer: Michael Haliassos, Goethe University, IMFS, CEPR

Program

09:30 - 10:00

Coffee and Registration
10:00 - 10:15

Opening Remarks
Michael Haliassos, Goethe University Frankfurt, IMFS, CEPR, Conference Organizer
10:15 - 12:15

Session 1: Portfolio choices, financial regulation, and the tax system

Chair: Michael Haliassos, Goethe University Frankfurt, IMFS, CEPR

The Impact of a Ban on Kickbacks on Individual Investors
By Nic Schaub, WHU - Otto Beisheim School of Management; Simon Straumann, WHU- Otto Beisheim School Of Management
presented by: Simon Straumann, WHU- Otto Beisheim School Of Management
Discussant: Roine Vestman, University of Stockholm and CEPR

Female Financial Portfolio Choices and Marital Property Regimes
By Lidia Cruces De Sousa; Goethe University Frankfurt
presented by: Lidia Cruces De Sousa, Goethe University Frankfurt
Discussant: Gisle Natvik, BI Norwegian Business School and HOFIMAR
12:15 - 13:15

Lunch Break
10:15 - 12:15

Session 2: Financial literacy, retirement saving, and mortgage choice

Chair: Paolo Sodini, Stockholm School of Economics and CEPR

Early Withdrawals and Optimal Liquidity
By Alina Bartscher, Frankfurt School of Finance & Management gGmbH; Henrik Andersen, Danmarks Nationalbank; Soren Leth-Petersen, University of Copenhagen; Patrick Moran, Federal Reserve Board, CEBI, and IFS
presented by: Alina Bartscher, Frankfurt School of Finance & Management gGmbH
Discussant: Kasper Roszbach, Norges Bank

Financial Skills and Search in the Mortgage Market
By Marta Cota, Nova School of Economics and Business; Ante Sterc, Bank of Portugal
presented by: Marta Cota, Nova School of Economics and Business
Discussant: Julia LeBlanc, Joint Research Center of the European Commission
15:15 - 15:45

Coffee Break
15:45 - 17:45

Session 3: Spillovers of financial choices

Chair: Gisle Natvik, BI Norwegian Business School and HOFIMAR

Financial Innovation, Labor Markets, and Wage Inequality: Evidence from Instant Payment Systems
By Carlos Burga, PUC-Chile; Jacelly Cespedes, University of Minnesota Twin Cities; Carlos Parra, Pontificia Universidad Católica de Chile; Bernardo Ricca, Insper Institute of Education and Research
presented by: Bernardo Ricca, Insper
Discussant: Akash Raja, Copenhagen Business School

Investing Like My Parents: Do Parents Affect Children’s Risk Taking Behavior?
By Ziwei Zhao, HEC Lausanne and Swiss Finance Institute; Min Cui, T. Rowe Price
presented by: Ziwei Zhao, HEC Lausanne and Swiss Finance Institute
Discussant: Yigitcan Karabulut, Frankfurt School of Finance and Management, CEPR

Program Committee

Marieke Bos (Swedish House of Finance, Vrije Universiteit Amsterdam & CEPR), Martin Brown (Study Center Gerzensee and University of St. Gallen), João F. Cocco (London Business School & CEPR), Michael Haliassos (Goethe University Frankfurt, IMFS & CEPR), Rainer Haselmann (Goethe University Frankfurt, IMFS & CEPR), Yigitcan Karabulut (Frankfurt School of Finance & CEPR), Julia Le Blanc (Joint Research Centre of the European Commission & CEPR), Giovanna Nicodano (Collegio Carlo Alberto, University Of Turin & CEPR), Arna Olafsson (Copenhagen Business School & CEPR), Kim Peijnenburg (Tilburg University & CEPR), Paolo Sodini (Stockholm School of Economics, Swedish House of Finance & CEPR)

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