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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

SECURITIZATION WORKING GROUP

Darrell Duffie and Kenneth Singleton, Organizers

April 24, 2010

InterContinental Chicago

Exchange Room

505 North Michigan Avenue

Chicago, IL 60611

PROGRAM

FRIDAY, APRIL 23:
6:00 pm	Joint Dinner
	University of Chicago
	Gleacher Center, Room 621
	450 North Cityfront Plaza Drive
	Chicago, IL
SATURDAY, APRIL 24:
8:00 am	Continental Breakfast
8:30 am	PATRICK BOLTON, Columbia University and NBER
	The Credit Ratings Game
	Discussant: BO BECKER, Harvard University
9:30 am	ANDREW KIMBALL, Moody’s
	Ratings and the Demand for Structured Products
10:30 am	Break
11:00 am	ADAM ASHCRAFT, Federal Reserve Bank of New York
	NICOLAE GARLEANU, UC, Berkeley and NBER
	LASSE PEDERSEN, New York University and NBER
	Two Monetary Tools: Interest Rates and Haircuts
12:00 pm	Lunch-(Short Break to Get Lunch and Regroup)
12:15 pm	JOHN GEANAKOPLOS, Yale University
	Solving the Present Crisis and Managing the Leverage Cycle
1:15 pm	VIRAL ACHARYA, New York University and NBER
	PHILIPP SCHNABL, New York University
	GUSTAVO SUAREZ, Federal Reserve Board
	Securitization Without Risk Transfer
	Discussant: ARVIND KRISHNAMURTHY, Northwestern University and NBER
	ZHIGUO HE, University of Chicago
	ARVIND KRISHNAMURTHY, Northwestern University and NBER
	Balance Sheet Adjustments in the 2008 Crisis
	(Joint with In Gu Khang)
	Discussant: VIRAL ACHARYA, New York University and NBER
2:30 pm	Adjourn
4/21/10