Finance
Finance
Monday Lunch Seminars Filippo Taddei
"International Capital Flows, Financial Frictions and Welfare" abstract The connection between the financial crisis of 2007-08 and global imbalances is controversial. We argue that the main reason why the relationship may be in place is due to the existence of financial frictions in domestic credit markets. We rationalize this point of view by developing a…
Seminars in Economics Alberto Manconi (Tilburg University)
"Do Short Sellers Care About Corporate Hedging?" abstract We study the relationship between corporate hedging and short selling, using a novel data set on short sales of US equities over the period 2002-2009, and hand-collected data on corporate hedging. We document that hedging is associated with lower uncertainty, i.e., lower analyst forecast dispersion and greater breadth of ownership. This should…
Seminars in Economics Marti Subrahmanyam (NYU Stern)
"The Microstructure of the European Sovereign Bond Market: A Study of the Euro-zone Crisis"
Seminars in Economics Marek Weretka (University of Wisconsin-Madison)
"Pricing Large Financial Products"
Edmund Cannon (University of Bristol)
"Cohort mortality risk or adverse selection in the UK annuity market?"
Seminars in Economics Michael Brennan (UCLA)
"Financing Asset Growth"
Monday Lunch Seminars Igor Livshits (University of Western Ontario)
"Screening as a Unied Theory of Delinquency,Renegotiation, and Bankruptcy"
Seminars in Economics Philippe Jehiel (UCL and PSE)
"Financial reporting and market efficiency withextrapolative investors"
Job Market Seminars Farzad Saidi (New York University)
"The Rise of the Universal Bank: Financial Architecture and FirmVolatility in the United States"
Job Market Seminars Roberto Marfè (Swiss Finance Institute and University of Lausanne)
"Realized Expectations and the Equilibrium Risk-Return Trade Off"
Job Market Seminars Marco Di Maggio (MIT)
"Market Turmoil and Destabilizing Speculation"
Job Market Seminars Diego Ronchetti (University of Lugano)
"An Empirical Studyof Stock and American Option Prices"
Job Market Seminars Tim Schmidt-Eisenlohr (European University Institute)
"Towards a Theory of Trade Finance"
Job Market Seminars Alessandro Dovis (University of Minnesota)
"Efficient Sovereign Default"
Job Market Seminars Nicola Branzoli (University of Wisconsin Madison)
"The Effect of Intermediaries' Market Power in Decentralized Asset Markets"
Job Market Seminars Giuliano Antonio Curatola (Swiss Finance Institute and EPFL)
"Asset Prices with Heterogeneous Loss Averse Investors"
Job Market Seminars Andrea Ferrero (Federal Reserve Bank of New York)
"The Great Escape? A Quantitative Evaluationof the Fed’s Liquidity Facilities"
Seminars in Economics Branko Urosevic (University of Belgrade)
"Globalization, Exchange Rate Regimes and Financial Contagion" abstract The crisis of the Euro zone brought to the fore important questions including: what isthe proper level of financial integration and what are the optimal exchange rate arrangements between countries that are part of tightly knit financial networks. Using a simple Diamond-Dybvig-style theoretical model we show that…
Seminars in Economics Arie Kapteyn (RAND)
"Do Consumers Know How to Value Annuities? Complexity as a Barrier to Annuitization" abstract This paper provides evidence that complexity of the annuitization decision process – rather than a preference for lump-sums –may help explain observed low levels of annuity purchases. We test this using Social Security benefits as our choice setting in an experimental module…
Monday Lunch Seminars Claudio Tebaldi (Universita’ Bocconi)
"Long Run Risk and the Persistence of Consumption Shocks" abstract In a long run risk valuation model, agents observe directly the structural drivers of consumption growth and produce a selective response to these shocks. Persistence heterogeneity complicates the empirical analysis of consumption growth dynamics and the detection of long run risk: the econometrician observes only aggregate quantities and is unable…