Friday, August 19, 2011, 2:00-3:45 pm; Financial Intermediation Theoretical
Securitization and Incentives - C7

Session Chair: Filippo Ippolito, Bocconi University

• Securitization and Compensation in Financial Institutions PDF
  Roman Inderst, Sebastian Pfeil
  Goethe University Frankfurt and Imperial College London; Goethe University Frankfurt
  • Discussant: Uday Rajan, University of Michigan

• The Economics of Solicited and Unsolicited Credit Ratings PDF
  Paolo Fulghieri, Günter Strobl, Han Xia
  University of North Carolina - Chapel Hill
  • Discussant: Stefano Lovo, HEC Paris

• Aggregate Risk Perceptions, Adverse Selection, and Securitized Lending PDF
  Sudipto Bhattacharya¹, Georgy Chabakauri¹, Kjell G. Nyborg²
  London School of Economics¹; University of Zurich²
  • Discussant: Frederic Malherbe, London Business School