Friday, August 19, 2011, 10:30-12:15 pm; Asset Pricing Theoretical
Financial Innovation and Credit - C1

Session Chair: Xavier Vives, University of Navarra

  • Risk-Sharing or Risk Taking? Counterparty Risk, Incentives and Margins PDF
    Bruno Biais1,Florian Heider2, Marie Hoerova2
    Toulouse School of Economics1; European Central Bank2
    • Discussant: Jonathan Berk, Stanford University
  • Natural Barrier to Entry in the Credit Rating Industry PDF
    Doh-Shin Jeon, Stefano Lovo
    Toulouse School of Economics; HEC Paris
    • Discussant: Konrad Raff, VU University Amsterdam
  • CDOs and the Financial Crisis: Credit Ratings and Fair Premia PDF
    Marcin Wojtowicz
    VU University Amsterdam
    • Discussant: Marc Martos-Vila, University of California, Los Angeles