Preliminary Program AFA 2016 SAN FRANCISCO MEETINGS

• Published date: 01 December 2015
• DOI: http://doi.org/10.1111/jofi.FE589
• Date: 01 December 2015

January 3–5, 2016 AMERICAN FINANCE ASSOCIATION San Francisco, CA

Preliminary Program

AFA 2016 SAN FRANCISCO MEETINGS

SEVENTY SIXTH ANNUAL MEETING

AMERICAN FINANCE ASSOCIATION

San Francisco, California

January 3, 2016 – 8:00 AM

Location: Marriott Marquis, Nob Hill C & D

Aggregate Volatility Shocks: Real and Financial Effects

Stefano Giglio, University of Chicago

Uncertainty and International Capital Flows

Francois Gourio; Federal Reserve Bank of Chicago

Michael Siemer; Federal Reserve Board

Adrien Verdelhan; Massachusetts Institute of Technology

Flight-to-Safety in the Nonlinear Risk-Return Tradeoff for Stocks and Bonds

Tobias Adrian; Federal Reserve Bank of New York

Richard Crump; Federal Reserve Bank of New York

Erik Vogt; Federal Reserve Bank of New York

Inventory Risk, Market-Maker Wealth, and the Variance Risk Premium:

Theory and Evidence

Mathieu Fournier; HEC Montr´

eal

Kris Jacobs; University of Houston

Discussants: Helene Rey, London Business School

Eric Ghysels, University of North Carolina

Ian Dew-Becker, Northwestern University

January 3, 2016 – 8:00 AM

Location: Marriott Marquis, Yerba Buena Salons 12 & 13

Government Policies and Markets

Anna Cieslak, Duke University

Is the Revolving Door of Washington a Back Door to Excess Corporate Returns?

Mehmet Canayaz; University of Oxford

Jose Martinez; University of Connecticut

Han Ozsoylev; University of Oxford

January 3–5, 2016 AMERICAN FINANCE ASSOCIATION San Francisco, CA

Regulatory Arbitrage in Repo Markets

Ben Munyan; Vanderbilt University

Student Loans and the Rise in College Tuition: Evidence from the Expansion

in Federal Loan Programs

David Lucca; Federal Reserve Bank of New York

Taylor Nadauld; Brigham Young University

When Transparency Improves, Must Prices Reflect Fundamentals Better?

Snehal Banerjee; University of California-San Diego

Jesse Davis; Northwestern University

Naveen Gondhi; Northwestern University

Discussants: Vyacheslav Fos, Boston College

Antoine Martin, Federal Reserve Bank of New York

Brian Melzer, Northwestern University

Laura Veldkamp, New York University

January 3, 2016 – 8:00 AM

Location: Marriott Marquis, Nob Hill A & B

High-Frequency Trading

Albert Menkveld, Vrije University Amsterdam

The Welfare Impact of High Frequency Trading

Giovanni Cespa; City University London

Xavier Vives; IESE Business School

High-Frequency Trading and Market Stability

Dion Bongaerts; Erasmus University

Mark Van Achter; Erasmus University

Anticipatory Traders and Trading Speed

Raymond Fishe; University of Richmond

Richard Haynes; U.S. Commodity Futures Trading Commission

Esen Onur; U.S. Commodity Futures Trading Commission

High-Frequency Trading and Extreme Price Movements

Jonathan Brogaard; University of Washington, Seattle

Al Carrion; Lehigh University

Thibaut Moyaert; Louvain School of Management

Ryan Riordan; Queen’s University

Andriy Shkilko; Wilfrid Laurier University

Konstantin Sokolov; Wilfrid Laurier University

January 3–5, 2016 AMERICAN FINANCE ASSOCIATION San Francisco, CA

Discussants: Andreas Park, University of Toronto

Shmuel Baruch, University of Utah

Joel Hasbrouck, New York University

Maureen O’Hara, Cornell University

January 3, 2016 – 8:00 AM

Location: Marriott Marquis, Yerba Buena Salons 14 & 15

Innovations and Behavior in Household Finance

Adair Morse, University of California-Berkeley

The Display of Information and Household Investment Behavior

Maya Shaton; University of Chicago

Adverse Selection and Maturity Choice in Consumer Credit Markets: Evidence

from an Online Lender

Andrew Hertzberg; Columbia University

Andres Liberman; New York University

Daniel Paravisini; London School of Economics

Do Credit Card Companies Screen for Behavioral Biases?

Hong Ru; Massachusetts Institute of Technology

Antoinette Schoar; Massachusetts Institute of Technology

Discussants: Brad Barber, University of California-Davis

Mitchell Petersen, Northwestern University

Justine Hastings, Brown University

January 3, 2016 – 8:00 AM

Location: Marriott Marquis, Yerba Buena Salons 10 & 11

Institutional Investors and Alternative Assets

Anna Pavlova, London Business School

How to Squander Your Endowment: Pitfalls and Remedies

Phil Dybvig; Washington University, St. Louis.

Qin Zhenjiang; Southwestern University of Finance and Economics

Riding the Bubble with Convex Incentives

Juan Sotes-Paladino; The University of Melbourne

Fernando Zapatero; University of Southern California

Where Experience Matters: Asset Allocation and Asset Pricing with Opaque

and Illiquid Assets

Adrian Buss; INSEAD

Raman Uppal; Edhec Business School

Grigory Vilkov; Frankfurt School of Finance and Management