Downloads
- Full Slides, Papers and Photos from this event are here.
- The abstracts of the papers are here.
- The speaker biography summaries are here.
Details:
CAFIN hosted the inaugural workshop on April 25 and 26, 2014, at UC Santa Cruz. It brought together researchers from both academic and policymaking institutions to cover topics CAFIN considers a “Grand Challenge” for the modern global economy: Systemic Risk, Market Design, and Financial Access.
Below was the conference schedule. Please find more detailed information about the conference participants and the papers presented in the links at the bottom of the page.
CAFIN is immensly thankful to its financal supporters, including the Division of Social Sciences, the UC Santa Cruz Foundation Board, and the Stephen Bruce Trust.
The conference took place in Room 499 on the 4th floor in the Engineering 2 Building.
Schedule:
| Friday, April 25, 2014 | |
|---|---|
| 8:00-8:45 | Breakfast |
| 8:45-9:00 | Welcome and Introduction |
| 9:00-10:00 | Chair: Athanasios Kottas, UCSC “‘Near-Coincident’ Indicators of Systemic Stress” Laura Kodres, Division Chief, Asian Division, Institute for Capacity Development, International Monetary Fund Discussant: Michael Hutchison, UCSC |
| 10:00-11:00 | “Measuring Investors’ Risk Appetite in Emerging Markets” Fatih Kiraz, Turkish Central Securities Depository, and Emrah Sener, Assistant Professor of Finance, Ozyegin University, Istanbul Discussant: Marius Rodriguez, SF Fed |
| 11:00-11:20 | Coffee Break |
| 11:20-12:20 | Chair: Michael Hutchison, UCSC “The Offshore Renminbi Exchange Rate: Microstructure and Links to the Onshore Market” Yin-Wong Cheung, Head and Chair Professor, Department of Economics and Finance, City University of Hong Kong Discussant: Grace Gu, UCSC |
| 12:20-1:30 | Lunch |
| 1:30-2:30 | Chair: Dan Friedman, UCSC “The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response” Peter Cramton, Professor, Department of Economics, University of Maryland Discussant: Greg Laughlin, UCSC |
| 2:30-3:30 | “Competing on Speed” Emiliano S. Pagnotta, Assistant Professor of Finance, Leonard N. Stern School of Business, New York University Discussant: Eric Aldrich, UCSC |
| 3:30-3:50 | Coffee Break |
| 3:50-4:50 | Chair: Raquel Prado, UCSC “Do Retail Traders Suffer from High Frequency Traders?” Katya Malinova, Assistant Professor, Department of Economics, University of Toronto Discussant: Abel Rodriguez, UCSC |
| Saturday, April 26 | |
| 8:15-9:00 | Breakfast |
| 9:00-10:00 | Chair: Jose Lopez, SF Fed “Credit Rationing in Informal Markets: The Case of Small Firms in India” Sankar De, Professor, Department of Economics, Shiv Nadar University Discussant: Johanna Francis, UCSC and Fordham |
| 10:00-11:00 | “Do Firms in Developing Countries Grow as They Age?” Meghana Ayyagari, George Washington University and Vojislav Maksimovic, William A. Longbrake Chair in Finance, Robert H Smith School of Business, University of Maryland Discussant: Ila Patnaik, NIPFP |
| 11:00-11:20 | Coffee Break |
| 11:20-12:20 | Chair: Yin-Wong Cheung, City University of Hong Kong “International Evidence on Bank Funding Profiles and Performance: Are Banks ‘Overbanked’?” Jose Lopez, Vice President, Risk Modeling Research and Bank Surveillance, Federal Reserve Bank of San Francisco and Mark Spiegel, Vice President and Director, Center for Pacific Basin Studies, International Research, Federal Reserve Bank of San Francisco Discussant: Kenneth Kletzer, UCSC |
| 12:20-1:30 | Lunch |
| 1:30-2:30 | Chair: Michael Dooley, UCSC “International Coordination in Addressing Spillovers: Problems and Solution Strategies” Ila Patnaik , RBI Chair Professor, National Institute of Public Finance and Policy Discussant: Laura Kodres, IMF |
| 2:30-2:50 | Coffee Break |
| 2:50-4:50 | Panel Chair: Nirvikar Singh Fixing Finance in the 21st Century Laura Kodres, Division Chief, Asian Division, Institute for Capacity Development, International Monetary Fund Michael Dooley, Professor of Economics, UC Santa Cruz Mark Spiegel, Vice President, Federal Reserve Bank of San Francisco |