Credit Card Banking | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Agnese Leonello, ECB and CEPR

“Credit Card Banking”

Authors:
• Itamar Drechsler, University of Pennsylvania
• Hyeyoon Jung*, Federal Reserve Bank of New York
• Weiyu Peng, University of Pennsylvania
• Dominik Supera, Columbia Business School
• Guanyu Zhou, University of Pennsylvania

Discussant: Larissa Schäfer*, Frankfurt School of Finance & Management and CEPR

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=hGrQGhbLxC0

Welcome remarks | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Welcome remarks by Isabel Schnabel, ECB and CEPR at the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=hk4d0drVmeA

Breaking Barriers to Financial Access | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 1 on the first day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Agnese Leonello, ECB and CEPR

“Breaking Barriers to Financial Access: Cross-Platform Digital Payments and Credit Markets”

Authors:
• Shashwat Alok, Indian School of Business
• Pulak Ghosh, Indian Institute of Management (IIMB), Bangalore)
• Nirupama Kulkarni, CAFRAL
• Manju Puri*, Duke University

Discussant: Paolina Medina Palma*, University of Houston

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=VDr3XdP-CpY

Details matter – how loan pricing affects monetary policy transmission in the euro area

Source: European Central Bank (video statements)

ECB Research Bulletin by Sofia Anyfantaki et al. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb251009~423b3ea674.en.html

The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.

https://www.youtube.com/watch?v=W9Ro7h-i-xE

From words to deeds – incorporating climate risks into sovereign credit ratings

Source: European Central Bank (video statements)

ECB Research Bulletin by Lorenzo Cappiello, Gianluigi Ferrucci, Angela Maddaloni, Veronica Veggente. Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb250730~ebfb33d43c.en.html

The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience. The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.

https://www.youtube.com/watch?v=ZhTwFraeqto

5th WE_ARE_IN Macroeconomics and Finance Conference 2025 (Day 2)

Source: European Central Bank (video statements)

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) are organising their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics who will present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

https://www.youtube.com/watch?v=5Q7ZC5IPyCE

5th WE_ARE_IN Macroeconomics and Finance Conference 2025 (Day 1)

Source: European Central Bank (video statements)

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) are organising their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics who will present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

https://www.youtube.com/watch?v=Ro8Sz-ABrKY