XII Madrid Finance Workshop

Issues in Corporate Finance and Banking
2 March 2012


09:30 - 10:00 Registration

Morning Session
Chair: Rafael Repullo (CEMFI)

10:00 - 11:30 Patrick Bolton (Columbia Business School)
Market Timing, Investment, and Risk Management (joint with Hui Chan and Neng Wang)
Discussant: José S. Penalva (UC3M)
11:30 - 12:00
Coffee break
12:00 - 13:30
Andres Almazan (McCombs School of Business, University of Texas)
Debt, Labor Markets, and the Creation and Destruction of Firms (joint with Adolfo de Motta and Sheridan Titman)
Discussant: Marcel Jansen (UAM)
13:30 - 14:45 Lunch

Afternoon Session
Chair: Enrique Sentana (CEMFI)

14:45 - 16:15
Tanju Yorulmazer (Federal Reserve Bank of New York)
Liquidity Hoarding (joint with Douglas Gale)
Discussant: David Martínez-Miera (UC3M)
16:15 - 16:45
Coffee break
16:45 - 18:15
Javier Suarez (CEMFI)
Dynamic Maturity Transformation (joint with Anatoli Segura)
Discussant: Ed Green (Pennsylvania State University)
18:15 - 18:30

18:30 - 20:00




Panel Discussion: The Financing of SMEs
Chair: Javier Suárez (CEMFI)
CÚsar Molinas (Multa Paucis)
Fernando Restoy (CNMV)
Jorge Sicilia (BBVA)


Click here to download the programme.