Program

Open Conference Program, Friday August 28

08:30 Coffee and welcome.

09:00‐12:00

Presentation: Douglas Diamond, University of Chicago “Causes of and Lessons from the 2007‐2009 Financial Crisis”.


Presentation: Chester Spatt, Carnegie Mellon University, “Economic Principles, Government Policy and the Market Crisis”.

Coffee.

Presentation: Hyun Song Shin, Princeton University, ʺFinancial Intermediation and the Post‐Crisis Financial Systemʺ.

12:00‐13:00 Lunch.

13:00‐14:30

Presentation: Raghuram Rajan, University of Chicago, “Recreating the Financial System”.

Presentation: Luis Garicano, London School of Economics, “Towards a New Architechture for Financial Stability”.

14:30‐15.00 Coffee.

15:00‐16:15 Panel: The future of financial regulation

Participants:
Martin Andersson (Director General, Swedish Financial Supervisory Authority)
John Berrigan (Director, Macrofinancial Stability, European Commission)
Björn Savén (Chairman, IK Investment Partners)

16:15 Concluding remarks.

Academic Conference Program, Saturday August 29
(The presenting author is marked with an asterisk)

 

08:30 Coffee.


09:00‐09:45 “Fear of fire sales and the credit freeze”.

Presenter: Douglas Diamond (University of Chicago)
Discussant: Denis Gromb (INSEAD)

09:45‐10:30 “Regulatory pressure and fire sales in the corporate bond market”.

Presenter:Andrew Ellul (Indiana University)
Discussant: Morten Sørensen (Columbia University)

10:30‐11:00 Coffee.

11:00‐11:45 “Illiquidity component of credit risk”.

Presenter: Hyun Shin* (Princeton University) 
Discussant: Pete Kyle (University of Maryland)


11:45‐12:30 ʺSecuritized Banking and the run on repoʺ.

Presenter: Gary Gorton (Yale University)
Discussant: Chester Spatt (Carnegie Mellon University)

12:30‐13:30 Lunch.

13:30‐14:15 “Securitization without risk transfer”.

Presenter: Philip Schnabl (New York University)
Discussant: Amit Seru (University of Chicago)

14:15‐14:30 Coffee

14:30‐15:15 “Is making deferred (bonus) pay mandatory a good idea for banking?”.

Presenter: Roman Inderst(University of Frankfurt)
Discussant: Samuel Lee (New York University)

15:15‐16:00 “Yesterday’s Heroes: Compensation and creative risk‐taking”.

Presenter: Harrison Hong (Princeton University) 
Discussant: Augustin Landier, Toulouse School of Economics