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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.



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

Michael McKee, Bloomberg

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