INVITATION / CONFERENCE ANNOUNCEMENT
The WU Gutmann Center for Portfolio Management is proud to invite to its seventh
symposium.
WU GUTMANN CENTER SYMPOSIUM 2013:
“SOVEREIGN CREDIT RISK AND ASSET MANAGEMENT”
http://www.wu.ac.at/gc/whatwedo/bridging/symposia
JUNE 11, 2013 – 09:00-17:30
Venue: WU Vienna, Festsaal, UZA 1, Augasse 2-6, 1090 Vienna (Austria)
Recent years have shown a widespread and largely unexpected increase in sovereign credit
risk. Its consequences still affect financial markets, the investment industry and
economies around the world. The associated challenge to understand its origins and to
investigate its consequences is still a major subject of political, economic and
scientific debate, which may well last for another couple of years.
The main purpose of the WU Gutmann Symposium 2013 is to discuss various dimensions of
sovereign credit risk and its implications for asset management. The papers of the
symposium will focus on the following range of topics: sovereign credit risk, risk premia
and stock market response; the role of governments and political uncertainty; banks'
behavior and their systemic risk; sovereign bond and CDS markets.
We are proud to welcome highly renowned experts from all over the world who will present
their state-of-the-art research in the field, and cordially invite you to attend the WU
Gutmann Center Symposium 2013.
**PROGRAM**
THE DYNAMICS OF SOVEREIGN CREDIT RISK, Alexandre Jeanneret, HEC Montréal
THE WORLD PRICE OF CREDIT RISK, Gergana Jostova, George Washington University
SOVEREIGN BOND RISK PREMIUMS, Engelbert J. Dockner, WU
THE ASSET PRICING IMPLICATIONS OF GOVERNMENT ECONOMIC POLICY UNCERTAINTY, Jonathan
Brogaard, University of Washington
SOVEREIGN DEBT RATING CHANGES, INSTITUTIONAL QUALITY AND THE STOCK MARKET, George P.
Nishiotis, University of Cyprus
THE SYSTEMIC RISK OF EUROPEAN BANKS DURING THE FINANCIAL AND SOVEREIGN DEBT CRISES, Xin
Huang, University of Oklahoma
GOVERNMENT GUARANTEES AND FINANCIAL STABILITY , Agnese Leonello, University of
Pennsylvania
THE “GREATEST” CARRY TRADE EVER? UNDERSTANDING EUROZONE BANK RISKS, Sascha Steffen,
European School of Management and Technology, Berlin
SAFER RATIOS, RISKIER PORTFOLIOS: BANKS’ RESPONSE TO GOVERNMENT AID, Denis Sosyura,
University of Michigan
SOVEREIGN BOND AND CREDIT DEFAULT SWAP MARKETS, Batchimeg Sambalaibat, Carnegie Mellon
University
THE EXODUS FROM SOVEREIGN RISK: SOVEREIGN CEILING VIOLATIONS IN CREDIT DEFAULT SWAP
MARKETS, Jongsub Lee, University of Florida
CREDIT-RISK VALUATION IN THE SOVEREIGN CDS AND BONDS MARKETS: EVIDENCE FROM THE EURO AREA
CRISIS,Sergio Mayordomo, University of Navarra
**PLEASE REGISTER not later than June 5, 2013**:
gutmann-center(a)wu.ac.at
Participation is free of charge
Detailed program:
http://www.wu.ac.at/gc/whatwedo/bridging/symposia
CONTACT AND FURTHER INFORMATION:
WU Gutmann Center for Portfolio Management
WU Vienna, Department of Finance, Accounting and Statistics
Phone: +43-1-31336-4244 – Mail: gutmann-center(a)wu.ac.at
www.gutmann-center.at