Back to HomepageThe W.E. Carroll School of Management and Financial Service Research Center at Boston College present the 2000 Journal of Financial Intermediation Symposium
NEW TECHNOLOGIES, FINANCIAL INNOVATION, AND INTERMEDIATION
Boston College, Chestnut Hill, MA
May 25-27, 2000
Thursday, May 25
| 7:00 PM | Welcome Reception |
Friday, May 26
| SESSION 1: BANKING | |
| Chair: Edward J. Kane, Boston College | |
| 9:30 AM | Andres Almazan (University of Texas-Austin) |
| "A Model of Competition in Banking: Bank Capital vs. Expertise" | |
| Discussant: Thomas Chemmanur, Boston College | |
| 10:30 AM | Break |
| SESSION 2: TOPICS IN MARKET MICROSTRUCTURE - I | |
| Chair: Maureen O'Hara, Cornell University | |
| 11:00 AM | Thierry Foucault (L'Ecole HEC) |
| Ailsa Röell (Princeton University) | |
| Patrik Sandas (University of Pennsylvania) | |
| "Imperfect Market Monitoring and SOES Trading" | |
| Discussant: Matthew Spiegel, Yale University | |
| 12:00 Noon | Gordon J. Alexander (University of Minnesota) |
| Mark A. Peterson (Southern Illinois University) | |
| "Implications for Short-Selling Associated with a Reduction in Tick Size" | |
| Discussant: Fu-Kuo (Albert) Wang, Rice University | |
| 1:00 PM | Lunch |
| SESSION 3: INITIAL PUBLIC OFFERINGS | |
| Chair: Tim Opler, W.R. Hambrecht & Co. | |
| 2:30 PM | Jorg Kukies (University of Chicago) |
| "The Effects of Introducing a New Stock Exchange on the IPO Process" | |
| Discussant: William J. Wilhelm, Jr., Boston College | |
| 3:30 PM | Break |
| 4:00 PM | Bruno Biais (Université de Toulouse) |
| Anne Marie Faugeron-Crouzet (Université de Paris Val de Marne) | |
| "IPO Auctions: English, Dutch, ... French and Internet" | |
| Discussant: Pegaret Pichler, Boston College | |
| 5:00 PM | Lawrence M. Benveniste (University of Minnesota) |
| Walid Y. Busaba (University of Arizona) | |
| William J. Wilhelm, Jr. (Boston College) | |
| "Information Externalities in Primary Equity Markets" | |
| Discussant: Mitchell Petersen, Northwestern University | |
| 7:00 PM | Cocktails |
| 7:30 PM | Conference Dinner |
| Victor R. Simone, Managing Director and Head of E-Commerce, Fixed Income Division, The Goldman Sachs Group, Inc. | |
| "E-Commerce in the Fixed Income Markets" |
Saturday, May 27
| 9:00 AM | Continental Breakfast |
| SESSION 4: VENTURE CAPITAL FINANCING | |
| Chair: Anjan V. Thakor, University of Michigan | |
| 10:00 AM | Thomas Hellman (Stanford University) |
| Manju Puri (Stanford University) | |
| "Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence" | |
| Discussant: Josh Lerner, Harvard University | |
| 11:00 AM | Andrei A. Kirilenko (International Monetary Fund) |
| "Valuation and Control in Venture Finance" | |
| Discussant: George Kanatas, Rice University | |
| 12:00 Noon | Lunch |
| SESSION 5: TOPICS IN MARKET MICROSTRUCTURE - II | |
| Chair: Lawrence M. Benveniste, University of Minnesota | |
| 2:00 PM | Ananth Madhavan (University of Southern California) |
| David Porter (University of Wisconsin) | |
| Daniel Weaver (Baruch College) | |
| "Should Securities Markets Be Transparent?" | |
| Discussant: Erik Sirri, Babson College | |
| 3:00 PM | Jay F. Coughenour (University of Delaware) |
| Daniel N. Deli (United States Securities and Exchange Commission) | |
| "Liquidity Provision and the Organizational Form of NYSE Specialist Firms" | |
| Discussant: William G. Christie, Vanderbilt University | |
| 4:00 PM | Concluding Remarks |
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