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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

 

 

SUMMER INSTITUTE 2012

 

 

Risks of Financial Institutions Workshop

 

July 11, 2012

 

 

Mark Carey and René Stulz, Organizers

 

Royal Sonesta Hotel
Ballroom A

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

Wednesday, July 11:

 

 

8:00 am

Coffee and Pastries

 

 

8:30 am

Andrew G. Atkeson, University of California at Los Angeles and NBER

 

Andrea L. Eisfeldt, University of California at Los Angeles

 

Pierre-Olivier Weill, University of California at Los Angeles and NBER

 

The Market for OTC Credit Derivatives

 

 

 

Discussant: Darrell Duffie, Stanford University and NBER

 

 

9:25 am

Arvind Krishnamurthy, Northwestern University and NBER

 

Stefan Nagel, Stanford University and NBER

 

Dmitry Orlov, Stanford University

 

Sizing Up Repo

 

 

 

Discussant: Gary Gorton, Yale University and NBER

 

 

10:20 am

Break

 

 

10:45 am

Ing-Haw Cheng, University of Michigan

 

Andrei Kirilenko, Commodity Futures Trading Commission

 

Wei Xiong, Princeton University and NBER

 

Convective Risk Flows in Commodity Futures Markets

 

 

 

Discussant: Kenneth Singleton, Stanford University and NBER

 

 

11:40 am 

Update on Progress at the Office of Financial Research

 

Richard Berner, Department of the Treasury

 

 

12:15 pm

Lunch

 

 

1:20 pm

Robin Greenwood, Harvard University and NBER

 

Augustin Landier, University of Tolouse

 

David Thesmar, HEC Paris

 

Vulnerable Banks

 

 

 

Discussant: Jamie McAndrews, Federal Reserve Bank of New York

 

 

2:15 pm

Sumit Agarwal, National University of Singapore

 

Itzhak Ben-David, Ohio State University

 

Do Loan Officers’ Incentives Lead to Lax Lending Standards?

 

 

 

Discussant: Mitchell Petersen, Northwestern University and NBER

 

 

3:10 pm

Break

 

 

3:30 pm

Viral V. Acharya, New York University and NBER

 

Gara Afonso, Federal Reserve Bank of New York

 

Anna Kovner, Federal Reserve Bank of New York

 

How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

 

 

 

Discussant: Victoria Ivashina, Harvard University and NBER

 

 

4:25 pm

Rodney Ramcharan, Federal Reserve Board

 

Skander Van Den Heuvel, Federal Reserve Board

 

Stephane Verani, Federal Reserve Board

 

From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply

 

 

 

Discussant: Anil Kashyap, University of Chicago and NBER

 

 

5:20 pm 

Adjourn

 

 

6:00 pm

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA