Working with the large FIRN member institutions we have developed a virtual seminar series where all FIRN members can participate.
Please click on the links to register for the seminars. Once registered you will receive an email with the zoom code the day before the seminar.
Wednesday 3 March, 5pm (AEDT), Seminar hosted by UTS
Alberto Martin, Barcelona Graduate School of Economics
Collateral Booms and Information Depletion
Abstract: We develop a new theory of information production during credit booms. Entrepreneurs need credit to undertake investment projects, some of which enable them to divert resources. Lenders can protect themselves from such diversion in two ways: collateralization and costly screening, which generates durable information about projects. In equilibrium, the collateralization screening mix depends on the value of aggregate collateral. High collateral values make it possible to reallocate resources towards productive projects, but they also crowd out screening. This has important dynamic implications. During credit booms driven by high collateral values (e.g., real estate booms), economic activity expands but the economy’s stock of information on existing projects gets depleted. As a result, collateral-driven booms end in deep crises and slow recoveries: when booms end, investment is constrained both by the lack of collateral and by the lack of information on existing projects, which takes time to rebuild. We provide empirical support for the mechanism using US firm-level data.
Moderator: Diego Puente Moncayo, University of Technology Sydney
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Friday 5 March, 10am, Seminar hosted by ANU
Markus Brunnermeier, Princeton
Debt as Safe Asset: Mining the Bubble
Abstract: How much government debt can the market absorb? At what interest rate? Is there a limit, a “Debt Laffer Curve”? What is the impact on inflation? When can governments run a permanent (primary) deficit without ever paying back its debt, like a Ponzi scheme, and nevertheless individual citizens’ transversality conditions hold? What is a safe asset? What are its features? Why is government debt a safe asset? When does one lose the safe asset status? How do we have to modify representative agent asset pricing and the FTPL?
Moderator: Nhan Le, ANU
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Friday 5 March, 11am, Seminar hosted by Melbourne
Xaveir Giroud, Columbia University
Knowledge Sharing within Firms across Space
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 12 March, 11am, Seminar hosted by Melbourne
Anna Scherbina, Brandeis University
Title to be advised
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 19 March, 1pm (AEDT), Seminar hosted by FIRN Women
Kym Brown, Monash
The Plight of Women in Finance Journals
Abstract: This paper uses a unique hand collected dataset based of 37 journals (ranked A or above on the Australian Deans Council 2016 ABDC journal ranking list) to examine the plight of women publishing and as journal editors, in academic finance journals. We investigate if the journal ranking, linkage to a professional association, age of the journal or publisher firm impacts the level of publications by females. Also, we examine if there is a higher representation of women as editors, if that leads to a higher level of published papers by women. Finally, we investigate where a journal has a higher proportion of higher ranked women editors, if that plays a part in the proportion of papers published by females.
Moderator: Jacquie Humphrey, VP FIRN Women/UQ
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Friday 26 March, 10am (AEDT), Seminar hosted by UQ
Veronika Pool, Vanderbilt University
Title to be advised
Abstract:
Moderator: Ronghong Huang, UQ
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Friday 26 March, 11am, Seminar hosted by Melbourne
Sylvain Catherine, Wharton
Title to be advised
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 16 April, 1pm (AEST), Seminar hosted by FIRN Women
Thu Phuong Pham , Adelaide
Title to be advised
Abstract:
Moderator: Jacquie Humphrey, VP FIRN Women/UQ
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Friday 23 April, 11am, Seminar hosted by Melbourne
Arthur Korteweg, USC
Title to be advised
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 14 May, 11am, Seminar hosted by Melbourne
Murray Carlson, USC
Title to be advised
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 21 May, 1pm (AEST), Seminar hosted by FIRN Women
Jo-Ann Suchard, UNSW
Title to be advised
Abstract:
Moderator: Jacquie Humphrey, VP FIRN Women/UQ
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Friday 28 May, 9am (AEST), Seminar hosted by UQ
Sheridan Titman, University of Texas
Title to be advised
Abstract:
Moderator: Ronghong Huang, UQ
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Friday 28 May, 11am, Seminar hosted by Melbourne
Dashan Huang, Singapore Management University
Title to be advised
Abstract:
Moderator: Zhuo Zhong, Melbourne
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Friday 18 June, 1pm (AEST), Seminar hosted by FIRN Women
Min Zhu, UQ
Title to be advised
Abstract:
Moderator: Jacquie Humphrey, VP FIRN Women/UQ
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