NATIONAL BUREAU OF
ECONOMIC RESEARCH, INC. |
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SUMMER INSTITUTE
2010 |
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Risks of Financial Institutions Workshop |
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Mark Carey and René
Stulz, Organizers |
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Royal Sonesta Hotel |
40 Edwin H. Land
Boulevard |
Cambridge,
Massachusetts |
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PROGRAM |
Wednesday,
July 14: |
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8:30
am |
Coffee
and Pastries |
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9:00
am |
BRUNO
BIAIS, |
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FLORIAN
HEIDER, European Central Bank |
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MARIE
HOEROVA, European Central Bank |
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Risk-Sharing or Risk-Taking? Financial
Innovation, Margin Requirements and Incentives |
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Discussant: BRUCE CARLIN, UC, |
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9:55
am |
OLIVIER
ARMANTIER, Federal Reserve Bank of New York |
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ERIC
GHYSELS, University of North Carolina |
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ASANI
SARKAR, Federal Reserve Bank of New York |
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JEFFREY
SHRADER, Federal Reserve Bank of New York |
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Discussant: JONATHAN WRIGHT, John Hopkins University
and NBER |
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10:50
am |
Break |
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11:10
am |
JOHN
DAI, Capula Investment Management |
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SURESH
SUNDARESAN, Columbia University |
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Risk
Management Framework for Hedge Funds Role of Funding and Redemption Options
on Leverage |
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Discussant: ANDREW LO, MIT and NBER |
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12:05
pm |
CRISTINA
CELLA, Indiana University |
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ANDREW
ELLUL, |
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MARIASSUNTA
GIANNETTI, Stockholm School of Economics |
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Discussant:
JOSUHA COVAL, |
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1:00
pm |
Lunch |
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2:00
pm |
ANTONIO
BERNARDO, UC, Los Angeles |
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IVO
WELCH, |
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Aggregate
Leverage and Preemptive Selling by Individual Financial Institutions |
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Discussant: ANJAN THAKOR, Washington University |
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2:55
pm |
Break |
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3:15
pm |
STEPHEN
BROWN, |
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WILLIAM
GOETZMANN, |
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BING
LIANG, |
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CHRISTOPHER
SCHWARZ, UC, Irvine |
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Discussant: DAVID MODEST, Soros Fund Management |
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4:10
pm |
SHAWN
COLE, |
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MARTIN
KANZ, |
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LEORA
KLAPPER, World Bank |
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Discussant:
DANIEL PARAVISINI, |
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5:05
pm |
Adjourn |
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6/4/10 |
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