2011

Anna Watson (Faculty of Economics) Title : Financial Frictions, the Great Trade Collapse and International Trade over the Business Cycle This paper investigates the impact of financial frictions on the dynamics of trade over the business cycle and their role in the great trade collapse of 2008-2009. The study introduces a...

Jimmy Hong (Faculty of Economics) presenting. Title : Analytical CoVaR Abstract : Conditional Value at Risk (CoVaR) is a newly proposed macro prudential risk measure to capture systemic risk and it is claimed to overcome some problems of traditional VaR. Accordingly, the objective of this paper is to propose an analytical...

** Please note the start time ** Dr Bang Dang Nguyen (CJBS) Title : What Death Can Tell: Are Executives Paid for Their Contributions to Firm Value? Abstract : An efficient managerial labor market should compensate executives according to their contribution to shareholder value. We provide novel empirical evidence about the...

** Please note the start time ** Oliver de Groot (Faculty of Economics) Title : Coordination Failure and Financial Accelerator This paper studies the effect of short-term uncoordinated creditors in a DSGE model with leveraged borrowers. Creditors (financial intermediaries) receive imperfect signals regarding the...

** Please note the start time ** Andrew Meldrum (Faculty of Economics) Title : Likelihood Inference in Non-Linear Term Structure Models: The Importance of the Zero Lower Bound Abstract : This paper shows how to use adaptive particle filtering and Markov chain Monte Carlo methods to estimate quadratic term structure models...

Dr Valeria Miceli (Universita’ Cattolica del Sacro Cuore, Milan) Title : Sovereign Wealth Funds’ Investment Behaviour With $4.3 bn of assets under management increasing at spectacular paces in the recent decade, feared and at the same time courted by governments all over the world, characterized by low levels of...

** Please note the earlier start ** Dr Yuning Gao (WCFH, University of Cambridge) Title : Understanding the Global Imbalance from the Perspective of Outsourcing Activities to China Abstract : “Global Imbalance” is one of the most frequently highlighted keywords that people discuss the current financial crisis and China is...