Corporate Finance.

• Position: Program and Working Group Meetings

Members of the NBER's Corporate Finance Program met April 12 in Chicago. Research Associates Andrea L. Eisfeldt of the University of California, Los Angeles and Victoria Ivashina of Harvard University organized the meeting. These researchers' papers were presented and discussed:

* Antonio Falato, Diana Iercosan, and Filip Zikes, Federal Reserve Board, "Banks as Regulated Traders"

* Zhengyang Jiang, Northwestern University, and Arvind Krishnamurthy and Hanno Lustig, Stanford University and NBER, "Dollar Safety and the Global Financial Cycle"

* C. Fritz Foley, Harvard University and NBER; Agustin M. Hurtado, University of Chicago; Andres Liberman, New York University; and Alberto Sepulveda, SBIF, "The Effects of Information on Credit Market Competition: Evidence from Credit Cards"

* Joshua L. Krieger, Harvard University; Danielle Li, MIT and NBER; and Dimitris Papanikolaou, Northwestern University and NBER, "Missing Novelty in Drug Development" (NBER Working Paper No. 24595)

* Shai Bernstein and Rebecca Diamond, Stanford University and NBER, and...