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Academic Programs

On Friday, September 18, 2020, the Federal Reserve Bank of Atlanta and Princeton University’s Bendheim Center for Finance organized a conference on racial justice and finance to explore many aspects of finance where outcomes may vary by race.

The all-day conference included four paper presentations, keynote remarks by Atlanta Fed President & CEO Raphael Bostic, and a panel on advancing racial justice through finance moderated by Bloomberg’s Michael McKee.

Watch video from the event below. All videos are also available on the Princeton BCF YouTube Channel.


Agenda

Friday

10:30 a.m. – 10:40 a.m. EST

Welcome Remarks

Markus Brunnermeier, Director, Princeton’s Bendheim Center for Finance
David Altig, Director of Research, Federal Reserve Bank

10:40 a.m. – 11:10 a.m. EST

Mortgage Prepayment, Race and Monetary Policy

Authors: Kristopher Gerardi, Paul Willen (presenter), and David Zhang
Interlocutor: Peter Henry (NYU)

Download Paper (PDF)

11:15 a.m. – 11:45 a.m. EST

Debt and the Underdevelopment of Black America

Lecture: Destin Jenkins, University of Chicago
Interlocutor: Raphael Bostic (Atlanta Fed)

12:00 p.m. – 1:00 p.m. EST

Keynote Address: Using Finance to Create Racial Equity: A Call for Change

Keynote Speaker: Atlanta Fed President & CEO, Raphael Bostic
With introduction by Markus Brunnermeier

1:30 p.m. – 2:00 p.m. EST

Racial Discrimination in the Auto Loan Market

Authors: Alexander Butler, Erik Mayer (presenter) and James Weston
Interlocutor: Lisa Cook (Michigan State)

Download paper (PDF)

2:05 p.m. – 2:35 p.m. EST

Minority Depository Institutions: Evolving Financial Technologies and the Challenge of Governance

Authors: Jesus Hernandez (presenter), Gary Dymski and Melody Chiong
Interlocutor: Motohiro Yogo (Princeton)

Download paper (PDF)

3:00 p.m. – 4:30 p.m. EST

Panel: Advancing racial justice through innovations in finance

Moderator:
Michael McKee, Bloomberg

Panelists:
Marla Blow, Mastercard
Janice Bowdler, JP Morgan Chase Foundation
Bill Bynum, Hope Credit Union
Mark McCombe, BlackRock