# 2005 Conference Details

The New York City Area Conference on Financial Intermediation

November 18, 2005
Leonard N. Stern School of Business
New York University

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

Location:
New York University
Stern School of Business
Henry Kaufman Management Center
44 West 4th Street, New York City
Main Auditorium

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 1, 2005.
We aim to confirm your registration by November 1, 2005.

Program:

8:00 Registration and continental breakfast

8:50 Opening Remarks
Matthew Richardson, Director, NYU Salomon Center

9:00-12:30 MORNING SESSION
Chair: Anthony Saunders, New York University

9:00 Adam Ashcraft, Federal Reserve Bank of New York
Hoyt Bleakley, University of California at San Diego
[”On the Market Discipline of Informationally-Opaque Firms: Evidence from Bank Borrowers in the Federal Funds Market” ](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024513.pdf)
Discussant: Kenneth Ayotte, Columbia University

10:00 David Gaddis Ross, New York University
[“On Bankers and their Incentives”](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024514.pdf)
Discussant: Donald Morgan, Federal Reserve Bank of New York

11:00 Refreshment break

11:30 João A.C. Santos, Federal Reserve Bank of New York
Andrew Winton, University of Minnesota
[“Bank Loans, Bonds, and Information Monopolies Across the Business Cycle”](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024515.pdf)
Discussant: Enrichetta Ravina, New York University

12:30 Lunch

2:00-5:30 AFTERNOON SESSION
Chair: Ingo Walter, New York University

2:00 Linda Allen, Baruch College, CUNY
Aron A. Gottesman, Pace University
[“The Informational Efficiency of the Equity Market as Compared to the Syndicated Bank Loan Market”](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024516.pdf)
Discussant: James Vickery, Federal Reserve Bank of New York

3:00 Yingjin Hila Gan, University of Pennsylvania
Christopher Mayer, Columbia University and NBER
[“Conflicts of Interest and Securitization”](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024517.pdf)
Discussant: Harrison Hong, Princeton University

4:00 Refreshment Break

4:30 Victoria Ivashina, New York University
[“The Effects of Syndicate Structure on Loan Spreads”](https://www.stern.nyu.edu/sites/default/files/assets/documents/uat_024518.pdf)
Discussant: Daniel Paravisini, Columbia University

5:30 Drinks Reception