UCLA Anderson School of Management
Gold Hall, D301
Breakfast & Check-In
- 9:00–10:00am: Buffet
Morning
- 10:00–11:00am: Roberto Rigobon, Professor, Applied Economics, MIT
- 11:00–11:30am: Sith Chaisurote, Winner of CIBER International Finance Student Award, Stanford
- 11:30–12:30pm: KEYNOTE ADDRESS - Luigi Zingales, Robert C. McCormack Professor of Entrepreneurship and Finance, University of Chicago
Lunch
- 12:30–1:30pm: Fowler Museum Terrace
Afternoon
- 1:30–2:30pm: Michel Crouhy, Head of Research, IXIS Corporate and Investment Bank
- 2:30–3:30pm: John Rutledge, Founder and Chairman, Rutledge Capital
Reception
- 3:30 pm: Cornell Hall Atrium
80 faculty, practitioners, doctoral and MBA students attended the Fink Center Global Finance conference held at UCLA Anderson on October 17th. Professor Roberto Rigobon (MIT) discussed the global contagion from the subprime crisis -- defining financial contagion to be the transmission of a shock from one country to another, above and beyond what fundamentals can explain, and sharing various theories of contagion as well as different forms of measuring it. Sith Chaisurote, doctoral candidate at Stanford and winner of this year's CIBER student award on global research, presented his work on the impact of privatization in Brazil on the equity markets throughout Latin America in terms of liquidity and price effects.
Professor Luigi Zingales (Chicago GSB) gave a keynote presentation on trust and finance. Luigi motivated his talk by explaining that the word "credit" comes from the Latin word "credere", which means to trust; hence, finance is intrinsically related to trust. He discussed objective versus subjective trust, measures of trust, recent research, including his own on the effect of trust in financial markets and stock market participation in particular, and the role of government intervention in attempting to restore trust.
Dr. Michel Crouhy (NATIXIS) discussed causes and remedies of the credit market turmoil. Specifically, Michel talked about what went wrong in risk management and risk modeling, lessons to be learned, and the need for a second generation of pricing models for credit derivatives. Dr. John Rutledge (Rutledge Capital) wrapped up the conference by presenting a framework to better understand China -- U.S. economic relations with a discussion on thermodynamics, network/ system theory, and China's role in global growth and their capital markets.