|
Agenda
|
|
|
Thursday, November 4, 2010 |
|
8:15 a.m. |
Continental Breakfast |
|
|
9:00 a.m. |
Welcoming Remarks James McAndrews, Director of Financial Research, Federal Reserve Bank of New York
Session Chair: Hamid Mehran, Federal Reserve Bank of New York |
|
|
9:05 a.m. |
Can Hedge Funds Time Market Liquidity?
Charles Cao, Pennsylvania State University Yong Chen, Virginia Tech Bing Liang, University of Massachusetts at Amherst Andrew W. Lo, Massachusetts Institute of Technology
Discussant: Itzhak Ben-David, Ohio State University |
|
|
10:05 a.m. |
Hedge Funds in M&A; Deals: Is There Exploitation of Private Information?
Rui Dai, York University Nadia Massoud, York University Debarshi Nandy, York University Anthony Saunders, New York University
Discussant: Victoria Ivashina, Harvard University and National Bureau of Economic Research |
|
|
11:05 a.m. |
Coffee Break |
|
|
11:20 a.m. |
Correlated Leverage
Anand Goel, LEGG Fenghua Song, Pennsylvania State University Anjan Thakor, Washington University in St. Louis
Discussant: Vish Viswanathan, Duke University |
|
|
12:30 p.m. |
Lunch
Session Chair: Stavros Peristiani, Federal Reserve Bank of New York |
|
1:45 p.m. |
Institutional Investment in Syndicated Loans
Debarshi Nandy, York University Pei Shao, University of Northern British Columbia
Discussant: Andrew Hertzberg, Columbia University |
|
|
2:45 p.m. |
Unstable Equity? Combining Banking with Private Equity Investing
Lily Fang, INSEAD Victoria Ivashina, Harvard University and National Bureau of Economic Research Josh Lerner, Harvard University and National Bureau of Economic Research
Discussant: Anna Kovner, Federal Reserve Bank of New York |
|
|
3:45 p.m. |
Coffee Break |
|
4:00 p.m. |
Does Systemic Risk in the Financial Sector Predict Future Economic Downturns?
Linda Allen, Baruch College Turan Bali, Baruch College Yi Tang, Fordham University
Discussant: Til Schuermann, Federal Reserve Bank of New York |
|
|
5:00 p.m. |
Keynote Speaker: Professor Raghuram Rajan, University of Chicago
|
|
|
5:45 p.m. |
Reception |
|
|
Friday, November 5 |
|
8:15 a.m. |
Continental Breakfast
Session Chair: Philipp Schnabl, New York University |
|
9:00 a.m. |
The Economics of Unsolicited Credit Ratings
Paolo Fulghieri, University North Carolina Günter Strob, University of North Carolina Han Xia, University of North Carolina
Discussant: Chester Spatt, Carnegie Mellon University |
|
10:00 a.m. |
The Maturity Rat Race
Markus Brunnermeier, Princeton University Martin Oehmke, Columbia University
Discussant: Philip Bond, University of Pennsylvania |
|
11:00 a.m. |
Coffee Break
|
11:15 a.m. |
Investors’ Horizons and the Amplification of Market Shocks
Christina Cella, Indiana University Andrew Ellul, Indiana University Mariassunta Giannetti, Stockholm School of Economics, Centre for Economic Policy Research, and European Corporate Governance Institute
Discussant: Jean Helwege, University of South Carolina |
|
12:15 p.m. |
Lunch and Adjourn |
|
|
|
|
|