FRIC’14: Conference on Financial Frictions

August 25-26, 2014, Copenhagen Business School


Center for Financial Frictions (FRIC) and the ERC project FRICTIONS at The Department of Finance, Copenhagen Business School are proud to announce the second international conference on financial frictions.


The conference is organized by the FRIC Center and the ERC project FRICTIONS. The conference focuses on the economic consequences of financial frictions in global capital markets.

The conference is organized by David Lando and Lasse Heje Pedersen and will take place at the new CBS location at Flintholm.

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Program

 

Monday, August 25, 2014 

 

8:00-9:00

           

 

Registration and coffee

9:00-9:15

 

Welcome and opening remarks David Lando and Lasse Heje Pedersen

9:15-10:00

 

Adair Morse, (More information), Haas School of Business, UC Berkeley
"Asset Managers: Can Performance and Agency Issues Explain Hundreds of Billions in fees?"

Discussant: Jesper Rangvid, (More information), Copenhagen Business School

10:00-10:45

 

Pierre Collin-Dufresne, (More information), Ecole Polytechnique Federale de Lausanne
"Strategic Asset Allocation with Predictable Returns and Transaction Costs"
Discussant: Nicolae Garleanu, (More information), Haas School of Business, UC Berkeley

10:45-11:15

 

Coffee break

11:15-12:00

 

Keynote speaker: Markus Brunnermeier, (More information), Princeton University

"International Credit Flows, Pecuniary Externalities, and Capital Controls"      

12:00-13:30

 

Lunch (standing)

13:30-14:15

 
 

Augustin Landier, (More information), Toulouse School of Economics

"Banking Integration and House Price Comovement"

Discussant: Stijn van Niewerburg, (More information), Stern School of Business, New York University

14:15-15:00

 

Amit Seru, (More information), University of Chicago

"Regional Risk Sharing through the U.S. Mortgage Market"

Discussant: Heitor Almeida, (More information), University of Illinois

15:00-15:30

 

Coffee break

15:30-16:30

 

Keynote speaker: Jean-Charles Rochet, (More information), University of Zurich and Swiss Finance Institute
"
Risky Utilities" 

16:30-17:30

 

Cocktail reception

   

 

Tuesday, August 26, 2014

8:00-9:00    

        

Coffee

9:00-9:45

         

Keynote speaker: John Cochrane, (More information), Booth School of Business, University of Chicago

"Toward a run-free financial system"

9:45-10:30

 

Mikhail Chernov, (More information), UCLA Anderson School of Management

"Crash Risk in Currency Returns"
Discussant: Christian Wagner, (More information), Copenhagen Business School

10:30-11:00

 

Coffee break

11:00-11:45

 

Tobias Adrian, (More information), Federal Reserve Bank of New York

"Intermediary Balance Sheets"

Discussant: Annette Vissing-Jorgensen, (More information) Haas School of Business, UC Berkeley

11:45-12:45

 
 

Keynote speaker: Viral Acharya, (More information), Stern School of Business, New York University

"The Nexus Between Financial Sector and Sovereign Credit Risks: Theory and Evidence"

12:45-13:00

 

Closing remarks: David Lando and Lasse Heje Pedersen

13:00-14:30

 

Lunch (standing)

 

 

 

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Deadline for registration: August 15, 2014, at 5 pm.

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Copenhagen Business School (CBS) - Solbjerg Plads 3 - 2000 Frederiksberg - Denmark - www.cbs.dk

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