Saturday, August 20, 2011, 10:30-12:15 pm 
Real Estate II - C1

Session Chair: Christian Hott, Swiss National Bank

• How Did the US Housing Slump Begin? The Role of the 2005 Bankruptcy Reform PDF
  Dilip Mookherjee, Ulf von Lilienfeld-Toal
  Boston University; Stockholm School of Economics
  • Discussant: Ivan Jaccard, European Central Bank

• The Bear's Lair: Index Credit Default Swaps and the Subprime Mortgage Crisis PDF
  Richard Stanton, Nancy Wallace,
  University of California - Berkeley
  • Discussant: Jennie Bai, Federal Reserve Bank of New York

• Deposit Flows, Lending, and Securitization: Evidence from Bank Fraud PDF
  Dasol Kim
  Yale University
  • Discussant: Liyan Yang, University of Toronto