Corporate finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met at the University of Chicago's Gleacher Center on April 23, 2010. Efraim Benmelech, NBER and Harvard University, and Nittai Bergman, NBER and MIT, organized the meeting. These papers were discussed:

* Martin Oehmke, Columbia University, and Patrick Bolton, Columbia University and NBER, "Credit Default Swaps and the Empty Creditor Problem"

Ali Hortacsu and Chad Syverson, University of Chicago and NBER; Gregor Matvos, University of Chicago; and Sriram Venkataraman, Emory University, "Are Consumers Affected by Durable Good Makers' Financial Distress? The Case of Auto Manufacturers"

* Gara Afonso and Anna Kovner, Federal Reserve Bank of New York, and Antoinette Schoar, MIT and NBER, "Stressed, not Frozen: The Federal Funds Market in the Financial Crisis"

* Jeremy C. Stein, Harvard University and NBER, "Monetary Policy as Financial- Stability Regulation"

* Douglas W. Diamond, University of Chicago and NBER, and Zhiguo He, University of Chicago, "A Theory...