Spängler IQAM Invest Round Table: "Short-term Debt and Financial Regulation"
July 2, 2013: 4:30 PM - 6:30 PM
Please join us for a Spängler IQAM Invest Round Table talk with Professor Doug Diamond on Tuesday 2 July at 4.30pm. The Vienna Seminar on Asset Management takes place on an annual basis, and it is complemented by a series of Round Table events held throughout the year. The purpose of these Round Table talks is to bring together academic financial research and asset management practice. The events are designed to harness the collective expertise of the researchers that form part of the international network of experts built up by the Scientific Management of Spängler IQAM Invest.
Private financial crises are everywhere and always due to problems of short-term debt. Financial regulation can address many aspects of the financial sector, but it should focus on avoiding the excessive use of short-term debt without invoking excessive capital requirements. This is the way to have an impact on the risk of financial crises without destroying access to funding. Regulations based on this framework are proposed and evaluated.
WU, Institute for Finance, Banking and Insurance
Seminar Room 1 (Ground Floor)
Heiligenstädter Str. 46-48
Register By Email
Douglas W. Diamond (Speaker)
Douglas W. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. His work has appeared in such notable journals as the Journal of Financial Economics, the Journal of Finance, the Review of Economic Studies, the American Economic Review, and the Journal of Political Economy. His research has been funded with grants from the National Science Foundation and the Garn Institute of Finance.
He has taught at Yale and was a visiting professor at the Hong Kong University of Science and Technology as well as the University of Bonn. He is a research associate of the National Bureau of Economic Research and worked for the Board of Governors of the Federal Reserve System while a graduate student.
In addition to his roles as a researcher and professor, Diamond is co-director of the Fama-Miller Center for Research in Finance at Chicago Booth, a visiting scholar at the Federal Reserve Bank of Richmond, a position he has held since 1990, and is on the Board of Directors of the Center for Research in Security Prices. Diamond is a former president of the American Finance Association and the Western Finance Association. He is also a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. He joined Chicago Booth in 1979.
Diamond earned a bachelor's degree in economics from Brown University in 1975. He earned master's degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University.
Peter Kutschera, '99 (EXP-4)