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The Sixth New York Fed/NYU Stern Conference on Financial Intermediation
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| November 4-5, 2010 |
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Agenda
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| Thursday, November 4, 2010 |
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| 8:15 a.m. |
Continental Breakfast |
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| 9:00 a.m. |
Welcoming Remarks
James McAndrews, Director of Financial Research, Federal Reserve Bank of New York
Session Chair: Hamid Mehran, Federal Reserve Bank of New York |
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| 9:05 a.m. |
Can Hedge Funds Time Market Liquidity? 
Charles Cao, Pennsylvania State University
Yong Chen, Virginia Tech
Bing Liang, University of Massachusetts at Amherst
Andrew W. Lo, Massachusetts Institute of Technology
Discussant: Itzhak Ben-David, Ohio State University |
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| 10:05 a.m. |
Hedge Funds in M&A; Deals: Is There Exploitation of Private Information?
Rui Dai, York University
Nadia Massoud, York University
Debarshi Nandy, York University
Anthony Saunders, New York University
Discussant: Victoria Ivashina, Harvard University and National Bureau of Economic Research |
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| 11:05 a.m. |
Coffee Break |
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| 11:20 a.m. |
Correlated Leverage
Anand Goel, LEGG
Fenghua Song, Pennsylvania State University
Anjan Thakor, Washington University in St. Louis
Discussant: Vish Viswanathan, Duke University
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| 12:30 p.m. |
Lunch
Session Chair: Stavros Peristiani, Federal Reserve Bank of New York
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| 1:45 p.m. |
Institutional Investment in Syndicated Loans
Debarshi Nandy, York University
Pei Shao, University of Northern British Columbia
Discussant: Andrew Hertzberg, Columbia University
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| 2:45 p.m. |
Unstable Equity? Combining Banking with Private Equity Investing
Lily Fang, INSEAD
Victoria Ivashina, Harvard University and National Bureau of Economic Research
Josh Lerner, Harvard University and National Bureau of Economic Research
Discussant: Anna Kovner, Federal Reserve Bank of New York
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| 3:45 p.m. |
Coffee Break |
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| 4:00 p.m. |
Does Systemic Risk in the Financial Sector Predict Future Economic Downturns?
Linda Allen, Baruch College
Turan Bali, Baruch College
Yi Tang, Fordham University
Discussant: Til Schuermann, Federal Reserve Bank of New York
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| 5:00 p.m. | Keynote Speaker: Professor Raghuram Rajan, University of Chicago
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| 5:45 p.m. |
Reception |
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| Friday, November 5 |
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| 8:15 a.m. |
Continental Breakfast
Session Chair: Philipp Schnabl, New York University |
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| 9:00 a.m. |
The Economics of Unsolicited Credit Ratings
Paolo Fulghieri, University North Carolina
Günter Strob, University of North Carolina
Han Xia, University of North Carolina
Discussant: Chester Spatt, Carnegie Mellon University
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| 10:00 a.m. |
The Maturity Rat Race
Markus Brunnermeier, Princeton University
Martin Oehmke, Columbia University
Discussant: Philip Bond, University of Pennsylvania |
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| 11:00 a.m. |
Coffee Break
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| 11:15 a.m. |
Investors’ Horizons and the Amplification of Market Shocks
Christina Cella, Indiana University
Andrew Ellul, Indiana University
Mariassunta Giannetti, Stockholm School of Economics, Centre for Economic Policy Research, and European Corporate Governance Institute
Discussant: Jean Helwege, University of South Carolina
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| 12:15 p.m. |
Lunch and Adjourn |
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