The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
1:30 p.m. Episodic Liquidity Crises Bruce Carlin, Miguel Lobo, and S. Viswanathan, Duke University Discussant: Matthew Pritsker, Board of Governors of the Federal Reserve System Practitioner View: Louis Scott, Morgan Stanley
4:00 p.m. Financial System Risk and Flight to Quality Ricardo Caballero, Massachusetts Institute of Technology; and Arvind Krishnamurthy, Northwestern University Discussant: Dimitri Vayanos, London School of Economics Practitioner View: Mike Rashes, Bracebridge Capital
9:30 a.m Firms as Buyers of Last Resort Harrison Hong, Princeton University; Jiang Wang, Massachusetts Institute of Technology; and Jialin Yu, Columbia University Discussant: Ronnie Sadka, University of Washington Practitioner View: Paul Bennett, New York Stock Exchange
10:30 a.m. Break
11:00 a.m. Credit Risk Transfer Christine Parlour and Guillaume Plantin, Carnegie Mellon University Discussant: Viral Acharya, London Business School Practitioner View: Rupert Cox, Bear Stearns
2:00 p.m Panel Discussion: Liquidity, Financial Institutions, and Economic Policy Franklin Allen, University of Pennsylvania Bengt Holmstrom, Massachusetts Institute of Technology Chi-Fu Huang, Oak Hill Platinum Partners Maureen O’Hara, Cornell University Albert “Pete” Kyle, Duke University