FIFTH WORKSHOP OF THE FINANCE THEORY GROUP

 

Sponsored by the Rodney L. White Center for Financial Research

 

Organizers: Vincent Glode and Itay Goldstein (University of Pennsylvania)

 

Saturday, October 29, 2011, Wharton School, University of Pennsylvania

 

PROGRAM

 

 

08:00-09:00: Breakfast

 

09:00-10:00:

Market Run-Ups, Market Freezes, Inventories, and Leverage

Philip Bond (University of Minnesota) and Yaron Leitner (Federal Reserve Bank of Philadelphia)

 

10:00-11:00:

Monetary Policy, Leverage, and Bank Risk-Taking

Giovanni Dell’Ariccia (International Monetary Fund), Luc Laeven (International Monetary Fund), and Robert Marquez (Boston University)

 

11:00-11:30: Break

 

11:30-12:30:

Maturity Rationing

Konstantin Milbradt (MIT) and Martin Oehmke (Columbia University)

 

12:30-2:00: Lunch + Members Meeting + Job-Market Awards

 

2:00-3:00:

Authority, Consensus and Governance

Archishman Chakraborty (York University) and Bilge Yilmaz (University of Pennsylvania)

 

3:00-4:00:

Risking Other People’s Money: Gambling, Limited Liability, and Optimal Incentives

Peter DeMarzo (Stanford University), Dmitry Livdan (UC Berkeley), and Alexei Tchistyi (UC Berkeley)

 

4:00: Adjourn


 

PARTICIPANTS (By invitation only)

 

Andres Almazan, Fernando Anjos, Ulf Axelson, Snehal Banerjee, Matthieu Bouvard, Bradyn Breon-Drish, Archishman Chakraborty, Ing-Haw Cheng, Jonathan Cohn, Brendan Daley, Adolfo De Motta, Giovanni Dell’Ariccia, Alex Edmans, Diego Garcia, Nicolae Garleanu, Simon Gervais, Vincent Glode, Itay Goldstein, Joao Gomes, Alexander Gorbenko, Brett Green, Dirk Hackbarth, Barney Hartman-Glaser, Philipp Illeditsch, Ohad Kadan, Anastasia Kartasheva, Peter Kondor, Samuel Lee, Yaron Leitner, Doron Levit, Dmitry Livdan, Richard Lowery, Evgeny Lyandres, Igor Makarov, Andrey Malenko, Nadya Malenko, Gustavo Manso, Robert Marquez, Rich Mathews, Konstantin Milbradt, Martin Oehmke, Christian Opp, Marcus Opp, Emilliano Pagnotta, Christine Parlour, Tomasz Piskorski, Paul Povel, Uday Rajan, Adriano Rampini, Matt Rhodes-Kropf, Francesco Sangiorgi, Lukas Schmid, Gustav Sigurdsson, Ilya Strebulaev, Gunter Strobl, Alexei Tchistyi, Ed van Wesep, Vijay Yerramilli, Bilge Yilmaz, Adam Zawadoski, John Zhu.