Session 1. Topic: Global banking, trade tensions and bank fragmentation 
Chair: Fabrizio López Gallo Dey, Banco de México

Central banker to the world: foreign reserve management and U.S. money market liquidity
R. Jay Kahn, Federal Reserve Board
Discussant: Georgia Bush, Banco de México

Trade disruptions and global banking
Matias Ossandon, CEMLA
Discussant: Tatiana Schulze, IMF

Trade policy uncertainty and domestic credit: the case of Mexico, the U.S. and the NAFTA
Georgia Bush, Banco de México
Discussant: Matias Ossandon, CEMLA

Session 2. COVID-19 related measures impact analysis 
Chair: Gerardo Israel García López, Banco de México

Useful, usable, and used? Buffer usability during the COVID-19 crisis
Mathew Naylor, Bank of England
Discussant: Marcelo Rezende, Federal Reserve Board

Pandemic lending: micro and macro effects of model-based regulation
David Marques-Ibanez, ECB
Discussant: J. Christina Wang, Federal Reserve of Boston

The main street lending program: who borrowed and how have they benefited?
J. Christina Wang, Federal Reserve of Boston
Discussant: Jay Khan, Federal Reserve Board

Session 3. Monetary policy and financial stability 
Chair: Martin Tobal, Banco de México

The zombie lending channel of monetary policy
Bruno Albuquerque, International Monetary Fund
Discussant: Luigi Falasconi, University of Pennsylvania

The asymmetric credit channel of monetary policy
Yannick Timmer, Federal Reserve Board
Discussant: Pavel Solís, Banco de México

The international spillovers of synchronous monetary tightening
Franceso Ferrante, Federal Reserve Board
Discussant: Lorenzo Menna, Banco de México

Monetary rules, financial stability and welfare in a non-Ricardian framework
Francisco Javier Adame, Banco de México
Discussant: Oscar de Jesús Meneses, Banco de México

Opening remarks
Fabrizio López Gallo Dey, General Director of Financial Stability, Banco de México

Session 4. Macroeconomic models of financial stability: some policy evaluation 
Chair: Alberto Romero Aranda, Banco de México

Inflation risk and the finance-growth nexus
Alexandre Corhay, University of Toronto
Discussant: Francisco Javier Adame Espinosa, Banco de México

Financial shock transmission to heterogeneous firms: the earnings-based borrowing constraint channel
Tatjana Schulze, International Monetary Fund
Discussant: Michele Modugno, Federal Reserve Board

Bank foreign liabilities and capital requirements
Luigi Falasconi, University of Pennsylvania
Discussant: Victoria Nuguer, Banco Interamericano de Desarrollo

Keynote lecture 2
Jón Danielsson, Reader in Finance, Department of Finance, LSE and Co-Director, Systemic Risk Centre

Session 5. Macroprudential policy and stress tests 
Chair: Juan Fernando Ávila Embriz, Banco de México

The information content of stress test announcements
Michele Modugno, Federal Reserve Board
Discussant: Calixto López Castañon, Banco de México

The impact of macroprudential policies on industrial growth
Carlos Madeira, BIS and at the Central Bank of Chile
Discussant: Peter Karlstrom, CEMLA

Macroprudential policy, credit booms, and banks systemic risk
Peter Karlstrom, CEMLA
Discussant: Carlos Madeira, BIS and at the Central Bank of Chile

Session 6. Selected topics on financial stability 
Chair: Calixto López Castañon, Banco de México

Social media as a bank run catalyst
Juan F. Imbet, Université Paris Dauphine
Discussant: Francesco Ferrante

Flight to safety in the regional bank crisis of 2023
Marcelo Rezende, Federal Reserve Board
Discussant: Mathew Naylor, Bank of England

Clogged capital flows pipes? Non-bank global investors and the stability of sovereign bond flows
Ricardo Montañez-Enriquez, CEMLA
Discussant: Alexandre Corhay, University of Toronto

Fintech entry, firm financial inclusion, and macroeconomic dynamics in emerging economies  
Victoria Nuguer, Banco Interamericano de Desarrollo
Discussant: Edgar Gustavo Cortés Quiroz, Banco de México

Closing remarks
Fabrizio López Gallo Dey, General Director of Financial Stability, Banco de México