
	Friday, March 8
	2nd Floor Conference Room, NBER, 1050 Massachusetts Ave., Cambridge
	Continental Breakfast
8:14 am	Session I Chair: Chester Spatt, Carnegie Mellon University and NBER
8:15 am	Welcome and Introductions
8:30am	Liquidity Provision in a One-Sided Market: The Role of Dealer-Hedge Fund Relations Mathias Kruttli, Indiana University Marco Macchiavelli, University of Massachusetts, Amherst Phillip J. Monin, Federal Reserve Board Xing (Alex) Zhou, Southern Methodist University Discussant: Maureen O'Hara, Cornell University
9:30 am	Dealer Capacity and US Treasury Market Functionality Darrell Duffie, Stanford University and NBER Michael J. Fleming, Federal Reserve Bank of New York Frank Keane, Federal Reserve Bank of New York Claire Nelson, Princeton University Or Shachar, Federal Reserve Bank of New York Peter Van Tassel Discussant: Kumar Venkataraman, Southern Methodist University
10:30 am	Break
11:00 am	Failing Banks Sergio A. Correia, Federal Reserve Board Stephan Luck, Federal Reserve Bank of New York Emil Verner, Massachusetts Institute of Technology and NBER Discussant: Andrew Metrick, Yale University and NBER
12:00 pm	Lunch
12:59 pm	Session II: "Lightning Round" Presentations Chair: Alp Simsek, Yale University and NBER
1:00 pm	Discussion of Research Opportunities Involving Financial Markets and Systemic Risk
1:30pm	The Deposit Business at Large vs. Small Banks Nancy Wallace, Haas School of Business, University of California, Berkeley Adrien d'Avernas, Stockholm School of Economics Andrea L. Eisfeldt, University of California, Los Angeles and NBER Can Huang, University of Illinois at Urbana-Champaign Richard Stanton, University of California at Berkeley
1:50pm	Where Do Banks End and NBFIs Begin? Viral V. Acharya, New York University and NBER Nicola Cetorelli, Federal Reserve Bank of New York Bruce Tuckman, New York University Stern School of Business
2:10pm	Quantities and Covered-Interest Parity Tobias J. Moskowitz, Yale University and NBER Chase P. Ross, Federal Reserve Board Sharon Y. Ross, Board of Governors of the Federal Reserve System Kaushik Vasudevan, Purdue University
2:30 pm	Break
2:44 pm	Session III Chair: Wenxin Du, Columbia University and NBER
2:45pm	Intermediary Balance Sheet Constraints, Bond Mutual Funds' Strategies, and Bond Returns Mariassunta Giannetti, Stockholm School of Economics Chotibhak Jotikasthira, Southern Methodist University Andreas C. Rapp, Board of Governors of the Federal Reserve System Martin Waibel, Stockholm School of Economics Discussant: Yao Zeng, University of Pennsylvania
3:45pm	Original Sin Redux: Role of Duration Risk Hyun Song Shin, Bank for International Settlements Valentina Bruno, American University Carol Bertaut, Federal Reserve Board Discussant: Sergio L. Schmukler, The World Bank
4:45 pm	Closing Remarks and Adjourn

Participants

Daniel Aronoff, Massachusetts Institute of Technology
Matthew Baron, Cornell University
Rosalind Bennett, Federal Deposit Insurance Corporation
Carol Bertaut, Federal Reserve Board
Valentina Bruno, American University
Mark Carey, Federal Reserve Bank of Cleveland
Nicola Cetorelli, Federal Reserve Bank of New York
Ricardo Correa, Federal Reserve Board
Wenxin Du, Harvard University and NBER
Andrew Ellul, Indiana University
Mariassunta Giannetti, Stockholm School of Economics
Kathleen Hanley, Lehigh University
Jean Helwege, University of California, Riverside
David A. Hsieh, Duke University
Can Huang, University of Illinois at Urbana-Champaign
Kose John, New York University
Nikunj Kapadia, University of Massachusetts Amherst
Frank Keane, Federal Reserve Bank of New York
Dasol Kim, U.S. Department of the Treasury
Shohini Kundu, University of California, Los Angeles
Andreas Lehnert, Federal Reserve Board
Wenhao Li, University of Southern California

James McAndrews, retired
Phillip J. Monin, Federal Reserve Board
Maureen O'Hara, Cornell University
Enrico C. Perotti, University of Amsterdam
Sriram Rajan, U.S. Department of the Treasury
Andreas C. Rapp, Board of Governors of the Federal Reserve System
S. Abraham (Avri) Ravid, Yeshiva University
Asani Sarkar, Federal Reserve Bank of New York
Sergio L. Schmukler, The World Bank
Stacey Schreft, U.S. Department of the Treasury
Or Shachar, Federal Reserve Bank of New York
Alp Simsek, Yale University and NBER
Chester S. Spatt, Carnegie Mellon University and NBER
Bruce Tuckman, New York University Stern School of Business
Kaushik Vasudevan, Purdue University
Kumar Venkataraman, Southern Methodist University
Emil Verner, Massachusetts Institute of Technology and NBER
Nancy E. Wallace, Haas School of Business, University of California, Berkeley
Chen Yao, The Chinese University of Hong Kong
Yao Zeng, University of Pennsylvania
Xing Alex. Zhou, Southern Methodist University