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EUROPEAN SUMMER SYMPOSIUM IN FINANCIAL MARKETS
Generously hosted by
Study Center Gerzensee
Monday 18-29 July 2011
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The following papers will be presented at this symposium. Please see the Programme for further details.
Beliefs about Inflation and the Term Structure of Interest Rates
Paul Ehling (BI-Oslo) *Mike Gallmeyer (University of Virginia) Christian Heyerdahl-Larsen (London Business School) Phillip Illeditsch (Wharton School, University of Pennsylvania)
Categorization Bias in the Stock Market
*Philipp Krueger (Université de Genève) Augustin Landier (Toulouse School of Economics) David Thesmar (HEC School of Management and CEPR)
Countercyclical Currency Risk Premia
Hanno Lustig (University of California, Los Angeles) Nick Roussanov (University of Pennsylvania) *Adrien Verdelhan (MIT)
Currency Order Flows, Information, and Risk Premia
Lukas Menkhoff (University of Hannover) Lucio Sarno (Cass Business School and CEPR) Maik Schmeling (University of Hannover) *Andreas Schrimpf (Bank for International Settlements)
Dealer Networks
Dan Li (Federal Reserve Board) Norman Schürhoff (Université de Lausanne and CEPR)
Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data
*Daniel Paravisini (London School of Economics and Columbia Business School) Veronica Rappoport (London School of Economics) Philipp Schnabl (NYU and CEPR) Daniel Wolfenzon (Columbia University)
Dynamic Debt Runs: Evidence from a Structural Estimation
*Enrique Schroth (Cass Business School) Gustavo Suarez (Federal Reserve Board) Lucian A. Taylor (University of Pennsylvania)
Dynamic Risk Management
Adriano Rampini (Duke University) *S. Vish Viswanathan (Duke University) Amir Sufi (University of Chicago)
Economic Integration and Economic Diversification
*Jean Imbs (Paris School of Economics and CEPR) Romain Wacziarg (University of California, Los Angeles) Claudio Montenegro (World Bank)
Endogenous Liquidity and Defaultable Bonds
*Zhiguo He (University of Chicago) Konstantin Milbradt (MIT)
Endogenous Liquidity and Defaultable Debt
*Konstantin Milbradt (MIT Sloan School of Management) Zhiguo He (University of Chicago)
Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?
Gabriel Jiménez (Bank of Spain) Steven Ongena (Tilburg University and CEPR) *José Luis Peydró (Universitat Pompeu Fabra) Jesús Saurina (Bank of Spain)
How Did the US Housing Slump Begin? The Role of the 2005 Bankruptcy Reform
*Ulf von Lilienfeld-Toal (Stockholm School of Economics) Dilip Mookherjee (Boston University and CEPR)
Inconsistent Regulators: Evidence from Banking
Sumit Agarwal (Federal Reserve Bank of Chicago) David Lucca (Federal Reserve Bank of New York) *Amit Seru (University of Chicago) Francesco Trebbi (University of British Columbia)
Ineffcient Investment Waves
Zhiguo He (University of Chicago) *Péter Kondor (Central European University and CEPR)
International Asset Pricing with Recursive Preferences
Riccardo Colacito (New York University) *Mariano Massimiliano Croce (University of North Carolina)
International Correlation Risk
Philippe Mueller (London School of Economics) Andreas Stathopolous (USC Marshall School of Business) *Andrea Vedolin (London School of Economics)
International Financial Integration
Nicolas Coeurdacier (Sciences Po and CEPR) Helene Rey (London Business School and CEPR) *Pablo Winant (Paris School of Economics)
Modeling Credit Contagion via the Updating of Fragile Beliefs
Luca Benzoni (Federal Reserve Bank of Chicago) *Pierre Collin-Dufresne (Columbia University) Robert S. Goldstein (University of Minnesota) Jean Helwege (Pennsylvania State University)
Moral Hazard, Investment, and Firm Dynamics
*Hengjie Ai (University of Minnesota) Rui Li (University of Wisconsin, Madison)
Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives
*Peter DeMarzo (Stanford University) Dmitry Livdan (University of California, Berkeley) Alexei Tchistyi (University of California, Berkeley)
Robust Predictive Regression and Hypothesis Testing
Lorenzo Camponovo (University of Lugano and University of St. Gallen) Olivier Scaillet (University of Geneva) *Fabio Trojani (University of Lugano)
Stock Return Predictability and Variance Risk Premia: Statistical Inference and International Evidence
Tim Bollerslev (Duke University) James Marrone (University of Chicago) Lai Xu (Duke University) *Hao Zhou (Federal Reserve Board)
Tax Evasion Across Industries: Soft Credit Evidence from Greece
Nikolaos Artavanis (Virginia Polytechnic Institute and State University) Adair Morse (University of Chicago) *Margarita Tsoutsoura (University of Chicago)
Testing Dynamic Agency Theory via Structural Estimation
*Boris Nikolov (University of Rochester)Lukas Schmid (Duke University)
The Anatomy of the CDS Market
*Martin Oehmke (Columbia Business Schoo) Adam Zawadowski (Boston University)
The Costs and Benefits of Long-Term CEO Contracts
*Moqi Xu (London School of Economics)
'Those Who Know Most': Insider Trading in 18th C. Amsterdam
*Peter Koudijs (Stanford University)
Transparency, Tax Pressure and Access to Finance
*Andrew Ellul (Indiana University) Tullio Jappelli (University of Naples Federico II and CEPR) Marco Pagano (University of Naples Federico II and CEPR) Fausto Panunzi (Bocconi University and CEPR)
Volatility, the Macroeconomy and Asset Prices
Ravi Bansal (Duke University) Dana Kiku (Univ of Pennsylvania) *Ivan Shaliastovich (Univ of Pennsylvania) Amir Yaron (Univ of Pennsylvania)
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