The Second New York Fed — Princeton Liquidity Conference |
December 13, 2007 |
A conference jointly sponsored by the Federal Reserve Bank of New York and the Bendheim Center for Finance of Princeton University, with opening remarks by Timothy Geithner, President, Federal Reserve Bank of New York. Overview |
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Audience The conference is open to academics and other researchers in the field of economics. |
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Registration To register, please e-mail hao.wu@ny.frb.org (registration is open) |
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Conference Location Federal Reserve Bank of New York 12th Floor Conference Center 33 Liberty Street New York, New York |
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Conference Organizers Tobias Adrian, Federal Reserve Bank of New York Markus K. Brunnermeier, Princeton University |
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Contact |
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8:30 a.m. | Registration and Breakfast |
9:00 a.m. | Welcoming Remarks Timothy Geithner, President, Federal Reserve Bank of New York |
9:15 a.m. |
Understanding the Subprime Mortgage Crisis |
10:00 a.m. | Coffee Break |
10:15 a.m. | The Response of Corporate Financing and Investment to Changes in the Supply of Credit Michael Roberts, University of Pennsylvania Michael Lemmon, University of Utah Discussant: Augustin Landier, Old Lane and New York University Presentation |
11:00 a.m. | Coffee Break |
11:15 a.m. | Imperfect Competition in the Inter-Bank Markets for Liquidity as a Rationale for Central Banking Viral Acharya and Denis Gromb, London Business School Tanju Yorulmazer, Federal Reserve Bank of New York Discussant: Adriano Rampini, Duke University Presentation |
12:00 p.m. | Buffet Lunch |
1:00 p.m. | Understanding the Securitization of Subprime Credit Adam Ashcraft and Til Schuermann, Federal Reserve Bank of New York Precautionary Reserves and the Interbank Market Adam Ashcraft, Jamie McAndrews, and David Skeie, Federal Reserve Bank of New York The Federal Home Loan Bank System: Lender of Next-to-Last Resort? Morten Bech, Federal Reserve Bank of New York |
2:15 p.m. | Coffee Break |
2:30 p.m. | Why Are Almost All ABCP Vehicles Sponsored by Non-U.S. Banks? Carlos Arteta, Mark Carey, and Ricardo Correa, Board of Governors of the Federal Reserve System What Happened to the Quants in August 2007? Andrew Lo and Amir Khandani, Massachusetts Institute of Technology The Quant Liquidity Crunch Kent Daniel, Goldman Sachs Asset Management |
3:45 p.m. | Coffee Break |
4:00 p.m. | Panel Discussion John Geanakoplos, Yale University and Ellington Capital Management Presentation Diana Hancock, Federal Reserve Board Chi-Fu Huang, Platinum Grove Asset Management Brian Peters, Federal Reserve Bank of New York Hyun Shin, Princeton University Presentation Jeremy Stein, Harvard University Presentation |
5:30 p.m. | Adjourn |
6:00 p.m. | Dinner (for panelists, speakers, discussants and by invitation) Restaurant Les Halles 15 John Street |