-------------------------------------------------------------- Invitation The Second MTS Conference on Financial Markets: The Organisation and Performance of Fixed-Income Markets Hosted by Universität Wien und ISK Wien
Palais Coburg, 16-18 December 2004
Please register at isk@iskwien.at +43 (1) 51818-900
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Thursday, December 16
13.15 Welcome by Marco Pagano
14.00 Session 1 - Secondary Markets, Chair: Gustavo Piga
Automation versus Intermediation: Evidence from Treasuries Going Off the Run M. Barclay, T. Hendershott, K. Kotz Discussant: G. Garbi
Financial Intermediation and the Costs of Trading in an Opaque Market R. Green, B. Hollifield, N. Schurhoff Discussant: C. D'Souza
MTS Time Series A. Dufour
Key Note Address Chester Spatt
Moderator: Bruno Biais
Friday, December 17
8.30 Session 2 - Primary Markets, Chair: Ernst-Ludwig von Thadden
Illiquidity Spillovers: Theory and Evidence from European Telecom Bond Issuance Y. Newman, M. Rierson Discussant: A. Melnik
Order Flow and the Formation of Dealer bids: An Analysis of Information and Strategic Behaviour in the Government of Canada Security Auctions A. Hortacsu, S. Sereen Discussant: C. Upper
Dicriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions J. Rocholl Discussant: A. Hortacsu
13.30 Session 3 - Liqudity and Risk, Chair: Giorgio Basevi
Flight to Quality, Flight to Liquidity, and the Pricing of Risk D. Vayanos
Liquidity Discovery and Asset Pricing M. Gallmeyer, B. Hollifield, D. Seppi Discussant: V. Acharya
Welcome by Prof. Niels Thygesen
Roundtable: Bond Market: Liquidity, Risk and Regulation, Chair: A. Lamfalussy A. Grünbichler, T. Padoa Schioppa, G. Szapary
Saturday, December 18
9.00 - 13.30 Press Sessions --------------------------------------------------------------
Further information: Dr. Otto Randl Institut für strategische Kapitalmarktforschung Coburgbastei 4/1 A-1010 Wien T: +43 (1) 518 18 - 900 F: +43 (1) 518 18 - 920 E: otto.randl@iskwien.at
Programme: http://www.iskwien.at/upload/Preliminary_Programme_Vienna.pdf
There is no conference fee, but registration at isk@iskwien.at is required. Due to the limited number of participants please register asap.
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