The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
1:30 p.m. Episodic Liquidity Crises Bruce Carlin, Miguel Lobo, and S. Viswanathan, Duke University Discussant: Matthew Pritsker, Board of Governors of the Federal Reserve System Practitioner View: Louis Scott, Morgan Stanley
4:00 p.m. Financial System Risk and Flight to Quality Ricardo Caballero, Massachusetts Institute of Technology; and Arvind Krishnamurthy, Northwestern University Discussant: Dimitri Vayanos, London School of Economics Practitioner View: Mike Rashes, Bracebridge Capital
9:30 a.m Firms as Buyers of Last Resort Harrison Hong, Princeton University; Jiang Wang, Massachusetts Institute of Technology; and Jialin Yu, Columbia University Discussant: Ronnie Sadka, University of Washington Practitioner View: Paul Bennett, New York Stock Exchange
10:30 a.m. Break
11:00 a.m. Credit Risk Transfer Christine Parlour and Guillaume Plantin, Carnegie Mellon University Discussant: Viral Acharya, London Business School Practitioner View: Rupert Cox, Bear Stearns
2:00 p.m Panel Discussion: Liquidity, Financial Institutions, and Economic Policy Franklin Allen, University of Pennsylvania Bengt Holmstrom, Massachusetts Institute of Technology Chi-Fu Huang, Oak Hill Platinum Partners Maureen O’Hara, Cornell University Albert “Pete” Kyle, Duke University