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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 Financial markets experienced extraordinary events in 2007. The increase in delinquency rates in subprime mortgages coupled with the mismatch of the maturity structure of off-balance-sheet conduits and structured investment vehicles (SIV) led to a sudden drying up of the asset-backed commercial paper market, higher money market interest rate spreads, and the failure of several financial institutions, including a classic bank run in the United Kingdom.
This conference brings together experts in liquidity and researchers who analyze the underlying mechanisms that cause liquidity dislocations. The goal is to further the understanding of these mechanisms and to link them to current policy tools.
Audience The conference is open to academics and other researchers in the field of economics.
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
Dinner (for panelists, speakers, discussants and by invitation) Restaurant Les Halles 15 John Street