Securitization Working Group.

• Position: Program and Working Group Meetings

The NBER's Securitization Working Group met in Chicago on April 24, 2010. Research Associates Darrell Duffle and Kenneth Singleton, both of Stanford University, organized the meeting. These papers were discussed:

* Patrick Bolton, Columbia University and NBER, Xavier Freixas, Universitat Pompeu Fabra; and Joel Shapiro, Oxford University (UK), "The Credit Ratings Game"

* Andrew Kimball, Moody's, "Ratings and the Demand for Structured Products"

* Adam Ashcraft, Federal Reserve Bank of New York; Nicolae B. Garleanu, University of California, Berkeley and NBER; and Lasse H. Pedersen, New York University and NBER, "Two Monetary Tools: Interest Rates and Haircuts"

* John Geanakoplos, Yale University, "Solving the Present Crisis and Managing the Leverage...