Money and Payments Workshop - FEDERAL RESERVE BANK of NEW YORK

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Community Development
& Education

Money and Payments Workshop

October 19, 2012

Agenda


9:00 a.m.	Breakfast

9:20 a.m.	Opening Remarks

9:30 a.m.	Clearing with Two-Sided Limited Commitment Cyril Monnet, University of Berne and Thomas Nellen, Swiss National Bank

10:20 a.m.	Central Counterparty Clearing: Incentives, Market Discipline and the Cost of Collateral Thorsten Koeppl, Queen's University

11:10 a.m.	Coffee Break

11:40 a.m.	Information-Insensitive Securities: The Benefits of Central Counterparties Francesca Carapella, Federal Reserve Board and David Mills, Federal Reserve Board

12:30 p.m.	Lunch

1:30 p.m.	Click or Call? Auction versus Search in the Over-the-Counter Market Terrence Hendershott, UC Berkeley Haas and Ananth Madhavan, BlackRock

2:20 p.m.	Dealer Networks Dan Li, Federal Reserve Board and Norman Schürhoff, University of Lausanne

3:10 p.m.	Coffee Break

3:40 p.m.	Do Dark Pools Harm Price Discovery? Haoxiang Zhu, MIT Sloan

4:30 p.m.	Reception