Money and Payments Workshop - FEDERAL RESERVE BANK of NEW YORK

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Community Development
& Education

Money and Payments Workshop

October 7, 2011

Agenda


8:30 a.m.	Breakfast

8:50 a.m.	Welcoming Remarks James McAndrews, Director of Financial Research, Federal Reserve Bank of New York

SESSION 1	CHAIR: Martin Oehmke (Columbia Business School)
9:00 a.m.	Repo Runs: Evidence from the Tri-Party Repo Market Adam Copeland, Antoine Martin and Michael Walker View Presentation >>

9:40 a.m.	Sizing up repo Arvind Krishnamurthy, Stefan Nagel and Dmitry Orlov View Presentation >>

10:20 a.m.	Coffee Break

SESSION 2	CHAIR: Emiliano Pagnotta (NYU Stern)
10:40 a.m.	Implicit Guarantees and Risk Taking: Evidence from Money Market Funds Marcin Kacperczyk and Philipp Schnabl View Presentation >>

11:20 a.m.	How do Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007 Viral V. Acharya, Gara Afonso and Anna Kovner

12:00 p.m.	Lunch

SESSION 3	CHAIR: Lucinda Brickler (NY Fed)
12:30 p.m.	Presentations on tri-party repo reform (20-25 min each) Susan McLaughlin (Overview of the Reform) View Presentation >> Enrico Perotti (Containing Excess Creation of Safe Harbor Privileges) View Presentation >> Mark Roe (The Derivatives Market's Payment Priorities as Financial Crisis Accelerator) View Presentation >> Viral Acharya (a repo resolution authority) View Presentation >>

2:30 p.m.	Coffee Break

3:00 p.m.	Panel discussion Lucinda Brickler (moderator, NY Fed) Darryll Hendricks (UBS) Tom Wipf (Morgan Stanley) Suresh M. Sundaresan (Columbia Business School) Andrew Metrick (Yale School of Management)
4:00 p.m.	Reception