NYU Stern

2009 Conference Details

The Fifth New York Fed/ NYU Stern Conference on Financial Intermediation

A conference jointly sponsored by
the Federal Reserve Bank of New York and
the Salomon Center at NYU Stern


November 13, 2009
NYU Stern School of Business

Organized by Hamid Mehran and Stavros Peristiani (New York Fed)
and Alexander Ljungqvist and Philipp Schnabl (NYU)


Location:
New York University
Stern School of Business
Kaufman Management Center
Room 1-70
44-50 West Fourth Street
New York, NY 10012

Direction to Stern:
For directions, click here

Registration Details:
Attendance is free of charge but seating is strictly limited and so registration is required.

To register, please send an email to salomon@stern.nyu.edu before November 6, 2009. Indicate your name and university/affiliation in your response. We aim to confirm your registration by November 6, 2009.

Program:
8:00Registration and Continental Breakfast
9:00-12:00MORNING SESSION
Chair: Alexander Ljungqvist, New York University
9:00Tobias Adrian, Federal Reserve Bank of New York and Markus Brunnermeier, Princeton University
"CoVaR"
Discussant: Matthew Richardson, New York University
9:50Mariassunta Giannetti, Stockholm School of Economics and Andrei Simonov, Michigan State University
"On the Real Effects of Bank Bailouts: Micro-Evidence from Japan"
Discussant: Philipp Schnabl, New York University
10:40Refreshment Break
11:10John M. Griffin, University of Texas at Austin and Dragon Yongjun Tang, University of Hong Kong
"Did Subjectivity Play a Role in CDO Credit Ratings?"
Discussant: Til Schuermann, Federal Reserve Bank of New York
12:00Lunch and Keynote Address
12:30-1:30KEYNOTE ADDRESS
Chair: Matthew Richardson, New York University
Speaker: Randall S. Kroszner, University of Chicago
2:00-5:30AFTERNOON SESSION
Chair: Hamid Mehran, Federal Reserve Bank of New York
2:00Adam Ashcraft, Paul Goldsmith-Pinkham, and James Vickery, Federal Reserve Bank of New York
"MBS ratings and the mortgage credit boom"
Discussant: Efraim Benmelech, Harvard University
2:50Rocco Huang, Federal Reserve Bank of Philadelphia and Wharton Financial Institutions Center
"How Committed Are Bank Lines of Credit? Evidence from the Subprime Mortgage Crisis"
Discussant: Paolo Fulghieri, University of North Carolina at Chapel Hill
3:40Refreshment Break
4:10Anna Kovner, Federal Reserve Bank of New York
"Do Investment Banks Matter? The Impact of the Near Loss of an Equity Underwriter"
Discussant: Daniel Paravisini, Columbia University
5:00Cocktail Reception

Program Committee Members

Current Members:
  • Philip Bond, University of Pennsylvania
  • Andrew Hertzberg, Columbia University
  • Daniel Paravisini, Columbia University
  • Manju Puri, Duke University
  • João Santos, Federal Reserve Bank of New York
  • Philip Strahan, Boston College
  • Amir Sufi, Chicago Graduate School of Business
  • Greg Udell, Indiana University

2008 Program Committee
:
  • Mark Carey, Board of Governors
  • Victoria Ivashina, Harvard University
  • Ross Levine, Brown University
  • Massimo Massa, INSEAD
  • Daniel Paravisini, Columbia University
  • João Santos, Federal Reserve Bank of New York
  • Philip Strahan, Boston College
  • Amir Sufi, University of Chicago

2007 Program Committee:
  • Adam Ashcraft, Federal Reserve Bank of New York
  • Sreedhar Bharath, University of Michigan
  • Philip Bond, University of Pennsylvania
  • Steven Drucker, Columbia University
  • Michael R. Roberts, University of Pennsylvania
  • Amir Sufi, University of Chicago
  • Ingo Walter, New York University

2006 Program Committee:
  • Kenneth Ayotte, Columbia University
  • Sandeep Dahiya, Georgetown University
  • Enrichetta Ravina, New York University
  • Philip Strahan, Boston College
  • James Vickery, Federal Reserve Bank of New York