The New York City Area Conference on Financial Intermediation

November 18, 2005

A conference jointly sponsored by the Federal Reserve Bank of New York and the Salomon Center at New York University’s Leonard N. Stern School of Business.

Overview
The goal of the conference is to enhance the interaction among area researchers interested in financial intermediation.

Registration Deadline
November 1, 2005
Seating is limited.
Preliminary Agenda

Friday, November 18

8:00 a.m. Registration and Continental Breakfast in The Commons (KMC 100)

9:00 a.m.- 12:30 p.m. Morning Session
Chair: Anthony Saunders, New York University

9:00 a.m.On the Market Discipline of Informationally-Opaque Firms: Evidence from Bank Borrowers in the Federal Funds Market
Speakers: Adam Ashcraft, Federal Reserve Bank of New York
Hoyt Bleakley, University of California at San Diego
Discussant: Kenneth Ayotte, Columbia University

10:00 a.m. On Bankers and Their Incentives
Speaker: David Gaddis Ross, New York University
Discussant: Don Morgan, Federal Reserve Bank of New York

11:00 a.m. Refreshment Break in The Commons (KMC 100)

11:30 a.m. Bank Loans, Bonds, and Information Monopolies across the Business Cycle
Speakers: Joao A.C. Santos, Federal Reserve Bank of New York
Andrew Winton, University of Minnesota
Discussant: Enrichetta Ravina, New York University

12:30 p.m. Lunch in The Commons (KMC 100)

2:00 p.m.- 5:30 p.m. Afternoon Session
Chair: Ingo Walter, New York University

2:00 p.m. The Informational Efficiency of the Equity Market as Compared to the Syndicated Bank Loan Market
Speakers: Linda Allen, Baruch College, CUNY
Aron A. Gottesman, Pace University
Discussant: James Vickery, Federal Reserve Bank of New York

3:00 p.m. Conflicts of Interest and Securitization
Speakers: Yingjin Hila Gan, University of Pennsylvania
Christopher Mayer, Columbia University and NBER
Discussant: Harrison Hong, Princeton University

4:00 p.m. Refreshment Break in The Commons (KMC 100)

4:30 p.m. Structure and Pricing of Syndicated Loans
Speaker: Victoria Ivashina, New York University
Discussant: Daniel Paravisini, Columbia University

5:30 p.m. Reception in The Commons (KMC 100)

Conference Location
Leonard N. Stern School of Business
New York University
44 West 4th Street
New York , NY
Conference Organizers
Hamid Mehran, Federal Reserve Bank of New York
Alexander Ljungqvist, New York University
Contact
To register:

Salomon Center, Stern School of Business,
salomon@stern.nyu.edu