Corporate finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met in Cambridge on November 14, 2014. NBER Research Associates Nittai Bergman and Antoinette Schoar, both of MIT, organized the meeting. These papers were discussed:

* Efraim Benmelech, Northwestern University and NBER, and Ralf Meisenzahl and Rodney Ramcharan, Federal Reserve Board, "The Real Effects of Liquidity during the Financial Crisis"

* Puriya Abbassi, Deutsche Bundesbank; Rajkamal Iyer, MIT; and Jose-Luis Peydro and Francesc Tous, Universitat Pompeu Fabra, "Securities' Trading by Banks: Micro-Evidence"

* Anil Kashyap, University of Chicago and NBER; Dimitrios Tsomocos, University of Oxford; and Alexandros Vardoulakis, Federal Reserve Board, "How Does Macroprudential Regulation Change Bank Credit Supply?" (NBER Working Paper No. 20165)

* Daniel Paravisini and Veronica Rappoport, London School of Economics, and Philipp Schnabl, New York University and NBER, "Comparative Advantage and Specialization in Bank Lending"

* Martin Jacob, WHU - Otto...