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Friday, July 12:
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8:00 am
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Coffee
and Pastries
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8:30 am
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Anastasia Kartasheva, Bank for International
Settlements
Bilge Yilmaz, University of Pennsylvania
Precision
of Ratings
Discussant: Pete Kyle, University of
Maryland
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9:30 am
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Sergei Kovbasyuk, Einaudi Institute for
Economics and Finance
Optimal
Certification Design
Discussant: Laura Veldkamp,
New York University
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10:30 am
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Break
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11:00 am
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John Griffin, University of Texas at Austin
Jordan Nickerson, University of Texas at Austin
Dragon Tang, University of Hong Kong
Rating
Shopping or Catering? An Examination of the Response to Competitive Pressure
for CDO Credit Ratings
Discussant: Dwight Jaffee,
University of California at Berkeley
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12:00 pm
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Jess Cornaggia, Indiana University
Kimberly J. Cornaggia, American University
Han Xia, University of Texas at Dallas
Revolving
Doors on Wall Street
Discussant: Lauren Cohen, Harvard
Business School and NBER
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1:00 pm
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Lunch
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2:00 pm
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Milton Harris, University of Chicago
Christian C. Opp, University of Pennsylvania
Marcus Opp, University of California at Berkeley
Bank Regulation with Private-Party Risk Assessments
Discussant: Michael Brennan, University of California at Los
Angeles
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3:00 pm
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Jens Josephson, Stockholm University
Joel Shapiro, University of Oxford
Credit
Ratings and Security Design
Discussant: Barney Hartman-Glaser,
Duke University
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4:00 pm
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Break
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4:20 pm
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Panel
Discussion- The Credit Rating Agency
Problem and Dodd-Frank
Moderator: Chester Spatt, Carnegie Mellon
University and NBER
Panelists: John Coffee, Columbia
Law School
Jennifer Marietta-Westberg, Securities and Exchange Commission
Albert Metz, Moodys
Richard Portes, London Business School and NBER
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6:00 pm
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Discussion
of Research Network
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6:15 pm
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Adjourn
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7:00 pm
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Dinner at Bambara Restaurant at the Hotel Marlowe
(across the street from the Royal Sonesta Hotel
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Saturday, July 13:
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8:00 am
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Coffee
and Pastries
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8:30 am
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Anil Kashyap, University of Chicago and NBER
Natalia Kovrijnykh, Arizona State University
Who Should Pay for Credit Ratings and
How?
Discussant: Francesco Sangiorgi, Stockholm School of Economics
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9:30 am
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Dion Bongaerts, Erasmus University
Can
Alternative Business Models Discipline Credit Rating Agencies??
Discussant: Bo Becker, Stockholm
School of Economics and NBER
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10:30 am
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Break
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11:00 am
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Anand M. Goel, Navigant Economics
Anjan V. Thakor,
Washington University in St. Louis
Why
Are Credit Ratings Coarse??
Discussant: Christine Parlour, University of California at Berkeley
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12:00 pm
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Lunch
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1:00 pm
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Richard Stanton, University of California at Berkeley
Nancy Wallace, University of California at Berkeley
CMBS
Subordination, Ratings Inflation, and Regulatory-Capital Arbitrage
Discussant: James Vickery, Federal
Reserve Bank of New York
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2:00 pm
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Andrew Ellul,
Indiana University
Chotibhak Jotikasthira,
University of North Carolina
Christian Lundblad, University of North Carolina
Yihui Wang, Chinese
University of Hong Kong
Is
Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions,
and Gains Trading
Discussant: Kathleen Hanley,
Securities and Exchange Commission
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3:00 pm
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Adjourn
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