NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2007

 

Risks of Financial Institutions group

 

 Mark Carey and Rene Stulz, Organizers

 

August 1, 2007

 

Royal Sonesta Hotel

University BC Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

 Wednesday, August 1:

 

 

 

Joint meeting with the Corporate Finance Workshop

 

 

8:00 am

Coffee and Pastries

 

 

8:30 am

Stewart Myers, MIT and NBER

 

Isil Erel, Ohio State University

 

James A. Read, The Brattle Group

 

Capital Allocation

 

 

 

Discussant: Ken Froot, Harvard University and NBER

 

 

9:20 am

Mark Carey and Michael Gordy, Federal Reserve Board

 

The Bank as Grim Reaper: Debt Composition and Recoveries of Defaulted Debt

 

 

 

Discussant: HAYNE LELAND, UC, Berkeley

 

 

10:40 am

Break

 

 

Corporate Finance Workshop continues