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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. |
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INTER-AMERICAN SEMINAR ON ECONOMICS |
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CREDIT RISK TRANSFERS: IMPLICATIONS TO EMERGING MARKETS SOVEREIGN DEBT PRICING, REGULATION, AND CRISES |
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Sebastian Edwards and Roberto Rigobon, Organizers |
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Royal Sonesta Hotel |
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5 Cambridge Parkway |
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Cambridge, Massachusetts |
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July 11, 2005 |
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PRELIMINARY PROGRAM |
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MONDAY, JULY 11: |
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Joint meeting with the INTERNATION FINANCE AND MACROECONOMICS GROUP |
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8:30 am |
Coffee and Pastries |
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9:00 am |
MICHAEL TOMZ, |
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MARK WRIGHT, Federal Reserve Bank of Minneapolis |
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Discussants: CARMEN REINHART, University of Maryland and NBER |
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FABRIZIO PERRI, New York University and NBER |
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10:30 am |
VIVIAN YUE, University of Pennsylvania |
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Discussants: JONATHAN HEATHCOTE, Georgetown University |
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JING ZHANG, University of Minnesota |
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12:00 n |
Lunch |
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1:30 pm |
JUN PAN, MIT |
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KENNETH SINGLETON, Stanford University and NBER |
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Default and
Recovery Implicit in the Term Structure of Sovereign CDS Spreads |
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Discussant: ROBERTO RIGOBON, MIT and NBER |
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3:00 pm |
Break |
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3:10 pm |
Panel: CREDIT RISK TRANSFERS AND THEIR REGULATORY CHALLENGES. |
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TRISH MOSSER, Federal Reserve Bank of New York |
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ANDREW POWELL (slides), Universidad Torcuato Di Tella |
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4:10 pm |
Panel: CEDIT RISK TRANSFERS: A VIEW FROM THE MARKET. |
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PETER GARBER, Deutsche Bank |
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ILAN GOLDFAJN, Gavea Investment, Brazil |
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5:00 pm |
Adjourn |
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7:00 pm |
Group Dinner |
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Royal Sonesta Hotel |
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6/13/05 |
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