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Authors,
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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC |
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Conference of the Project on Market
Institutions and Financial Market Risk |
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Mark Carey, Anil Kashyap,
Raghuram Rajan and René Stulz, Organizers |
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June 17-18, 2010 |
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55 Church Street, New York, New York |
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Program |
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Thursday, June 17 |
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8:00
a.m. |
Continental breakfast |
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8:30
- 10:30 |
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Alberto Manconi, INSEAD |
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Massimo Massa, INSEAD |
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Ayako Yasuda, University of California Davis |
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Discussants: Kent Daniel,
Goldman Sachs Asset Management (slides) |
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Ken French, Dartmouth College and NBER (slides) |
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Gary Gorton,
Yale University and NBER |
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Andrew Metrick,
Yale University and NBER |
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Discussants: Chi-fu Huang, Platinum Grove Asset
Management, L.P. (slides) |
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Jeremy Stein,
Harvard University and NBER |
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10:30 a.m. |
Break |
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10:45
- 12:45 |
Measuring
Systemic Risk in the Finance and Insurance Sectors |
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Monica Billio, University of Venice |
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Mila Getmansky, University of Massachusetts |
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Andrew Lo, MIT and NBER |
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Loriana Pelizzon, University of Venice |
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Discussants: Philipp Hartmann, European Central Bank (slides) |
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Lasse Pedersen, New York University and NBER |
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Franklin Allen, University of Pennsylvania |
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Ana Babus, University of Cambridge |
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Elena Carletti, European University
Institute |
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Discussants: Mark Flannery,
University of Florida (slides) |
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Mark Carey, Federal Reserve Board |
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12:45 p.m. |
Lunch |
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2:00 - 3:00 |
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Nicola Gennaioli, Universitat Pompeu Fabra and CREI |
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Andrei Shleifer,
Harvard University and NBER |
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Robert Vishny,
University of Chicago and NBER |
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Discussants: Richard Evans, Citibank (slides) |
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Matthew Richardson,
New York University and NBER |
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3:00
p.m. |
Break |
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3:15
- 5:15 |
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Ing-Haw Cheng,
Ross School of Business, University of Michigan |
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Harrison Hong, Princeton University |
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Jose Scheinkman, Princeton University |
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Discussants: Ira T. Kay, Pay Governance |
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Luigi Zingales,
University of Chicago and NBER |
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Stronger Risk
Controls, Lower Risk: Evidence from U.S. Bank Holding Companies |
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Andrew Ellul, Kelley School of Business, Indiana University |
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Vijay Yerramilli, Kelley School of Business, Indiana University |
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Discussants: Charles Calomiris,
Columbia University and NBER |
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Michel Crouhy, NATIXIS
Corporate and Investment Bank |
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7:00 pm |
Dinner |
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Keynote Speaker: Peter
Fisher, BlackRock |
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Friday, June 18 |
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8:00
a.m. |
Continental
breakfast |
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8:30
- 10:30 |
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Davin Chor,
Singapore Management University |
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Kalina Manova,
Stanford University, Princeton University and NBER |
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Discussants: Jeanne Gobat, International Monetary Fund |
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David Weinstein,
Columbia University and NBER |
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Private
Equity Sponsors and the Resolution of Financial Distress |
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Edie
Hotchkiss, Boston College |
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David
C. Smith, University of
Virginia |
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Per
Strömberg, Stockholm School of
Economics and SIFR |
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Discussants: Martin Fridson, Fridson Investment
Advisors (slides) |
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Antoinette Schoar,
MIT and NBER (slides) |
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10:30 a.m. |
Break |
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10:45
12:45 |
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Mark Mitchell,
CNH Partners, LLC |
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Todd Pulvino,
CNH Partners, LLC |
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Discussants: Darrell Duffie,
Stanford University and NBER (slides) |
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David Modest, Soros
Fund Management LLC |
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CMBS
Subordination, Ratings Inflation, and the Crisis of 2007-2009 |
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Richard Stanton, Haas School of
Business, University of California, Berkeley |
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Nancy Wallace, Haas School of Business, University of California,
Berkeley |
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Discussants: Viral Acharya,
New York University (slides) |
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Otto van Hemert, AQR
Capital Management |
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12:45
p.m. |
Lunch |
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2:00
3:00 |
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Antje Berndt, Tepper School of Business,
Carnegie Mellon University |
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Burton Hollifield, Tepper School of
Business, Carnegie Mellon University |
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Patrik Sandas, McIntire School of Commerce, University of Virginia |
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Discussants: Vijay Bhasin, Essent US Holdings |
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Amit Seru, University of
Chicago (slides) |
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3:00
p.m. |
Adjourn |
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