International Finance Conference 2009

Conference Theme

Financial markets all over the globe are going through a phase of severe crisis. The current global crisis in financial markets makes it very clear that they are out of control. Just a few years ago it would have been rare that a crisis in a sector of one country's economy, like the sub-prime crisis in the USA, would quickly harm the global economy. The globalisation of a financial system based on the short-term interests of investors jeopardizes even hitherto stable and efficient financial markets. But crisis always throws up new challenges and opportunities. The impact of financial crisis on the markets and economy depends on the level of preparedness of the markets. Preparedness is a function of maturity and efficiency of markets. We need new regulations at national and international level to make sure that problems in single sectors are spotted in good time and their adverse consequences kept under control. The capital and commodity market regulators play a major role in smoothing the impact of crisis. Financial institutions in emerging markets have also been much affected by the sub-prime crisis. The financial markets in emerging economies are now integrated with markets of other countries in terms of asset price returns, volatility and product variety. The market participants need to equip themselves with sophisticated risk management tools to absorb shocks. A proactive approach in policy making will help financial markets become more efficient and hence withstand crisis. Financial market distress has affected demand and it’s financing. Offloading debt from the balance sheet and conserving cash for operating capital will affect international sources of capital. Increasing deleveraging, domestic funding and aversion to risk could have its impact on asset pricing as well.

Keynote Speakers for the Conference

Avanidhar Subrahmanyam
Goldyne and Irwin Hearsh Chair in Finance
The Anderson School, UCLA, Los Angeles
Title: Trends in Behavioral Finance

Carlo Acerbi
Former Head of Financial Engineering, ABAXBANK, Italy
Title: Coherent Risk Measures and Liquidity Risk

Dan Di Bartolomeo
CEO, Northfield Information Services, USA
Title: Parameterization of Algorithmic Trading Methods

Elena Medova
Managing Director, Cambridge Systems Associates Ltd, UK
Title: Individual Asset and Liability Management

Gautam Mitra
Director, CARISMA, Brunel University, UK
Director, Optirisk Systems, UK
Title: Modern Portfolio Theory : Recent Developments and New Directions

Michael Dempster
Professor of Quantitative Finance Emeritus
Founding Director, Centre for Financial Research, Cambridge University, UK
Title: Fund Management for Defined Benefit and Defined Contribution Pension Schemes

Stephen J Brown
David S. Loeb Professor of Finance
Leonard N. Stern School of Business
Kaufman Management Center, New York
Title: Financial risk and operational risk in managed funds

Xunyu Zhou
Nomura Professor of Mathematical Finance
Director, Nomura Centre for Mathematical Finance, Mathematical Institute, Oxford University, UK
Title: Greed, Leverage, and Potential Losses: A Prospect Theory Perspective

Submission Deadline

Deadline for abstracts: Abstracts, not exceeding 300 words, should reach us on or before 30 September 2009.
Deadline for Full Paper: The manuscript of the paper in pdf format should reach us on or before 31 October 2009.

Submission Guideline The length of the manuscript should not exceed 15-20 pages, inclusive of table, figures, illustrations and references. The manuscript should be typed in double-space with letter font size of 12 point.

Review process
The manuscripts will be subjected to blind review process. The decision of the reviewer would be final and binding.

Best Paper Award
Award for top three papers will be chosen by a panel of experts. The decision of the panel will be final and binding. The awards will be announced on the last day of the conference.

REGISTRATION

In order to register for the conference you need to make an electronic transfer of INR Rs 3000 (Indian Participants) or USD 150 (Others). Details for electronic transfer are given below. Once the transfer is done, the bank will provide you with an Universal Tax-Payer Reference (UTR) number, which needs to be entered in the form above.

Venue: IIM Calcutta

IMPORTANT DATES :
Starts On :December 3, 2009
Ends On : December 5, 2009.

CONTACT ADDRESS
Ashok Banerjee
Professor (Finance & Control)
Indian Institute of Management Calcutta
Diamond Harbor Road, P.O. Joka
Kolkata – 700104, India
Email: ashok@iimcal.ac.in
Contact: +91-33-2467-8300(-8306) Extension: 502
Mobile: +91-9831107359.