Amsterdam Center for Law & Economics
Symposium "Financial Intermediaries and Markets at the Cross Roads: Economic and Legal Perspectives on Financial Stability, Liquidity and Corporate Control"
September 26-27, 2008
Amsterdam, The Netherlands
The University of Amsterdam, York University and ECGI organize in collaboration with the Review of Finance (RoF) the symposium, "Financial Intermediaries and Markets at the Cross Roads: Economic and Legal Perspectives on Financial Stability, Liquidity and Corporate Control".

Conference topic
As recent events show, the financial sector is becoming more complex and hence more opaque. In many respects, the financial landscape is in flux. Financial intermediaries and markets are increasingly intertwined - developments in securitization are just one example. Financial institutions themselves are also becoming more and more diverse. The financial sector has evolved from a more bank-centered world of financial intermediation to one that includes all kinds of more specialized financial institutions, including hedge funds and private equity firms. The center of gravity has shifted, and these developments raise important questions regarding:
- The stability of the financial sector;
- The organization of supervision and other regulatory issues, including the role of credit rating agencies (and other gatekeepers);
- The interaction between the financial sector and the real economy;
- The role of financial intermediaries in the funding of corporations;
- Corporate control implications (e.g. role sovereign wealth funds).
The conference invites papers on regulatory questions(including liquidity, stability, etc.), the economics of financial intermediation (including the repositioning of intermediaries and securitization), and corporate finance and control issues linked to the (re)positioning of financial intermediaries.
Attachments
Program committee
The organizers are Arnoud Boot and Joe McCahery at the University of Amsterdam and Douglas Cumming of York University. The Program Committee consists of Lucian Bebchuk (Harvard University), Patrick Bolton (Columbia University), Nick Bollen (Vanderbilt University), Alon Brav (Duke University), Stijn Claessens (IMF & University of Amsterdam), Bill Fung (London Business School), David Hsieh (Duke University), Bing Liang (University of Massachusetts at Amherst), Florencio Lopez-de-Silanes (University of Amsterdam), Nadia Massoud (York University), Marco Pagano (University of Naples Federico II), Enrico Perotti (University of Amsterdam), Ernst-Ludwig von Thadden (University of Mannheim), Anjan Thakor (Washington University), Josef Zechner (Vienna University of Economics and Business).
Sponsors include the Amsterdam Center for Law & Economics (ACLE), ACCF, ECGI, and the Schulich School of Business at York University (Canada).
Refer to
Gabriella Chiesa: Optimal Risk Transfer, Monitored Finance, and BanksHamid Mehran: The Effect of CEO Stock Options on Bank Investment Choice, Borrowing, and Capital
Bing Liang: Share Restrictions, Liquidity Premium and Offshore Hedge Funds
Douglas Cumming: A Law and Finance Analysis of Hedge Funds
Vittoria Cerasi: Solvency Regulation and Credit Risk Transfer
Javier Suarez: The Procyclical Effects of Basel II
Stefano Gatti: Arranger Certification in Project Finance
Armin Schwienbacher: Bank Reputation in the Private Debt Market
Krishnamurthy Subramanian: Corporate Governance and Innovation: Theory and Evidence
Donald Siegel: Evaluating the Effects of Mergers and Acquisitions on Employees: Evidence from Matched Employer-Employee Data
Richmond Mathews: Empty Voting and Efficiency
Günter Strobl: Using Price Information as an Instrument of Market Discipline in Regulating Bank Risk
David Gaddis Ross: The Effects of Bank Market Structure and Organizational Form on Entrepreneurial Incentives
Directions to the conference venue
By car it will take you approximately 45 minutes to get to hotel Hilton Royal Parc in Soestduinen. From Amsterdam Schiphol Airport take the A1 to Amersfoort, then the A28 to Utrecht and follow signs to Soest. Turn right at the T-junction and left at the lights, heading for Soestduinen. After 1.5 miles you will see the hotel on the left-hand side.
By public transport it will take you approximately 1,5 hours to get to the conference venu from Schiphol Airport. You can take the train to Amersfoort Central Station, where you can take a taxi to the hotel. The phone number of taxi company Boute is +31 (0)33-2588849.
Hotel accomodation
Participants are to arrange their own lodging. The following is a selection of hotels in de vicinity of the conference venue.
- Hilton Royal Parc Soestduinen
Van Weerden Poelmanweg 4-6
3768 MN Soestduinen
Website: www.hilton.com
Phone: +31 (0)35 603 83 83
Prices from €112 - Tulip Inn Amersfoort
Stichtse Rotonde 11
3818 GV Amersfoort
Website: www.goldentulip.com
Phone: +31 (0)33 467 99 00
Prices from €79 - Regardz Berghotel Amersfoort
Utrechtseweg 225
3818 EG Amersfoort
Website: www.regardz.nl
Phone: +31 (0)33 422 42 22
Prices from €75

