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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

 

CORPORATE FINANCE PROGRAM MEETING

Efraim Benmelech and Nittai Bergman, Organizers

 

April 23, 2010

 

University of Chicago

Gleacher Center, Booth School of Business (Downtown Chicago)

Room 306

450 North City Front Plaza Drive

Chicago, IL

 

PROGRAM

 

FRIDAY, APRIL 23:

 

 

8:00 am

Continental Breakfast

 

 

8:30 am

MARTIN OEHMKE,    Columbia University

 

PATRICK BOLTON,  Columbia University and NBER

 

Credit Default Swaps and the Empty Creditor Problem

 

 

 

Discussant:       MARK GARMAISE, UC, Los Angeles

 

 

9:15 am

ALI HORTACSU and CHAD SYVERSON, University of Chicago and NBER

 

GREGOR MATVOS, University of Chicago

 

SRIRAM VENKATARAMAN, Emory University

 

Are Consumers Affected by Durable Good Makers’ Financial Distress? The Case of Auto Manufacturers

 

 

 

Discussant:       ALESSANDRO GAVAZZA, New York University                                     

 

 

10:00 am

Break

 

 

10:30 am

GARA AFONSO and ANNA KOVNER, Federal Reserve Bank of New York

 

ANTOINETTE SCHOAR, MIT and NBER

 

Stressed, not Frozen: The Federal Funds Market in the Financial Crisis

 

 

 

Discussant:       ANIL KASHYAP, University of Chicago and NBER

 

 

11:15 am

JEREMY STEIN, Harvard University and NBER

 

Monetary Policy as Financial-Stability Regulation

 

 

 

Discussant:       RICARDO CABALLERO, MIT and NBER

 

 

 

 

12:00 pm

Lunch- Room 621

 

 

1:30 pm

DOUGLAS DIAMOND, University of Chicago and NBER

 

ZHIGUO HE, University of Chicago

 

A Theory of Debt Maturity: The Long and Short of Debt Overhang

 

 

 

Discussant:       STEWART MYERS, MIT and NBER

 

 

2:15 pm

VIRAL ACHARYA, New York University and NBER

 

PHILIPP SCHNABL, New York University

 

GUSTAVO SUAREZ, Federal Reserve Board

 

Securitization Without Risk Transfer

 

 

 

Discussant:       PHILIP STRAHAN, Boston College and NBER

 

 

3:00 pm

Break

 

 

3:15 pm

NICOLA GENNAIOLI, CREI

 

ANDREI SHLEIFER, Harvard University and NBER

 

ROBERT VISHNY, University of Chicago and NBER

 

Financial Innovation and Financial Fragility

 

 

 

Discussant:       ADRIANO RAMPINI, Duke University

 

 

4:00 pm

SHAWN COLE and THOMAS SAMPSON, Harvard University

 

BILAL ZIA, The World Bank

 

Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?

 

 

 

Discussant:       RAJ IYER, MIT

 

 

4:50 pm

Adjourn

 

 

6:00 pm

Joint Dinner

 

University of Chicago

 

Gleacher Center, Room 621

 

450 North Cityfront Plaza Drive

 

Chicago, IL

 

 

4/21/10