| Final Programme |
| Thursday, May 24th, 2012 |
| 13:00-14:00: Registration at the Department of Economics |
| Parallel Session 1A: Prices and Inflation |
| 14:00-16:30 (Lecture Room: A2-2) |
| Chair: Andrea Lassmann |
| Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries, Jaromir Baxa (Charles University, Czech Republic), Miroslav Plasil (Czech National Bank, Czech Republic), and Borek Vasicek (Czech National Bank, Czech Republic) |
| Discussant: Andrea Lassmann |
| Estimating Phillips Curves in Turbulent Times using the ECB's Survey of Professional Forecasters, Gary Koop (University of Strathclyde, UK) and Luca Onorante (European Central Bank, Germany) |
| Discussant: Jaromir Baxa |
| Sticky Prices, Competition and the Phillips Curve, Heiner Mikosch (ETH Zurich, Switzerland) |
| Discussant: Luca Onorante |
| House Price Bubbles and Their Impact on Consumption: Evidence from the US, Efthymios Pavlidis (Lancaster University, UK), Ivan Paya (Lancaster University, UK), David Peel (Lancaster University, UK), and Alina Maria Spiru (Lancaster University, UK) |
| Discussant: Heiner Mikosch |
| The Exchange Rate and Sales Prices: Evidence from Firm-level Data, Andrea Lassmann (KOF, ETH Zurich, Switzerland) |
| Discussant: Alina Maria Spiru |
| Parallel Session 1B: Macroeconomic Theory and Policy I |
| 14:00-16:30 (Lecture Room: A2-3) |
| Chair: Kristin Göbel |
| Explaining the Gender Gaps in Unemployment Across OECD Countries, Temel Taskin (Central Bank of Turkey, Turkey), and Yavuz Arslan (Central Bank of Turkey, Turkey) |
| Discussant: Kristin Göbel |
| Currency Devaluation with Dual Labor Market : Which Perspectives for the Eurozone ?, Amelie Barbier-Gauchard (Université de Strasbourg, France), Francesco De Palma (Université de Strasbourg, France), and Giuseppe Diana (Université de Strasbourg, France) |
| Discussant: Temel Taskin |
| Real Wage Flexibility in the European Union: New Evidence from the Labour Cost Data, Jan Babecky (Czech National Bank, Czech Republic) and Kamil Dybczak (European Commission, Belgium) |
| Discussant: Giuseppe Diana |
| How Okun's Law is Non-linear in Europe: A Semi-parametric Approach, Gaetan Stephan (University of Rennes 1, France) and Mathieu Jardin (University of Rennes 1, France) |
| Discussant: Jan Babecky |
| Remittances and Gender-Specifc Employment Patterns in Peru - A Longitudinal Analysis, Kristin Göbel (University of Hamburg, Germany) |
| Discussant: Gaetan Stephan |
| Parallel Session 1C: Banking and Finance |
| 14:00-16:30 (Lecture Room: A3-2) |
| Chair: Franziska Maria Bremus |
| The Consequences of Banking Crises for Public Debt, Davide Furceri (IMF, USA) and Aleksandra Zdzienicka (IMF, USA) |
| Discussant: Franziska Maria Bremus |
| Sovereign Bond Spreads: The Role of the Financial Sector, Jean-Yves Gnabo (CeReFiM, University of Namur, Belgium) and Oscar Bernal (CeReFiM, University of Namur, Belgium) |
| Discussant: Aleksandra Zdzienicka |
| Does Surprise Really Matter? Unexpected Central Banks Events and their Effect on Financial Market, Aleksandra Maslowska (University of Turku, Finland) and Marianne Palmu (University of Turku, Finland) |
| Discussant: Jean-Yves Gnabo |
| The Application of Data Envelopment Analysis Based Malmquist Total Factor Productivity Index: Empirical Evidence in Turkish Banking Sector, Yasemin Keskin-Benli (Gazi University, Turkey), and Suleyman Degirmen (Mersin University, Turkey) |
| Discussant: Aleksandra Maslowska |
| Financial Integration and Macroeconomic Stability: What Role for Large Banks?, Franziska Maria Bremus (DIW Berlin and University of Tuebingen, Germany) |
| Discussant: Suleyman Degirmen |
| Parallel Session 1D: Financial Econometrics |
| 14:00-16:30 (Lecture Room: A3-3) |
| Chair: Sophie Béreau |
| The Regime-dependent Adjustment in Energy Spot and Futures Markets - A Smooth Transition Approach, Joscha Beckmann (University of Duisburg-Essen, Germany), Ansgar Belke (DIW Berlin, IZA Bonn and University of Duisburg-Essen, Germany), and Robert Czudaj (University of Duisburg-Essen, Germany) |
| Discussant: Sophie Béreau |
| Combinations in Conditional Quantiles: The Case of Value-at-Risk (VaR), Tsiotas Giorgos (University of Crete, Greece) |
| Discussant: Robert Czudaj |
| In Sample and Out of Sample Value-at-Risk with the Pearson Type-IV Distribution, Stavros Stavroyiannis (TEI of Kalamata, Greece), and Leonidas Zarangas (TEI of Epirus, Greece) |
| Discussant: Tsiotas Giorgos |
| Forecasting the Performance of Hedge Fund Styles, Jose Olmo (Centro Universitario de la Defensa & City University London, UK) and Marcos Sanso-Navarro (Universidad de Zaragoza, Spain) |
| Discussant: Stavros Stavroyiannis |
| Heterogeneous Agents in the FX Market: A Matter of Time Horizon?, Sophie Béreau (Université Catholique de Louvain, Belgium) |
| Discussant: Marcos Sanso-Navarro |
| 16:30-17:00: Coffee break |
| KEYNOTE SPEECH - THE BANK OF GREECE I PLENARY SESSION |
| 17:00-18:30 (Alexandropoulos Amphitheatre) |
| Chair:
Athanasios P. Papadopoulos (University of Crete) |
| Gerald P. Dwyer (Federal Reserve Bank of Atlanta, USA): |
| "The Financial Crisis of 2007-201?" |
| 20:30: Welcome Reception and Gala Dinner at THEARTEMIS PALACE HOTEL |
| Friday, May 25th, 2012 |
| Parallel Session 2A: Fiscal Policy |
| 9:00-11:00 (Lecture Room: A2-2) |
| Chair: Michel Normandin |
| Fiscal Consolidations and Banking Stability, Jacopo Cimadomo (ECB, Germany), Sebastian Hauptmeier (ECB, Germany), and Tom Zimmermann (Harvard University, USA) |
| Discussant: Michel Normandin |
| Consumption Multipliers of Different Types of Public Spending: A Structural Vector Error Correction Analysis for the UK, Luigi Marattin (University of Bologna, Italy) and Simone Salotti (National University of Ireland Galway, Ireland) |
| Discussant: Marieke Vandeweyer |
| Automatic Fiscal Stabilisers: What They Are and What They Do, Jan In't Veld (European Commission, Belgium), Martin Larch (European Commission, Belgium), and Marieke Vandeweyer (KULeuven, Belgium) |
| Discussant: Simone Salotti |
| Fiscal Policy and External Adjustment: New Evidence, Hafedh Bouakez (HEC Montreal, Canada), Foued Chihi (HEC Montreal, Canada), and Michel Normandin (HEC Montreal, Canada) |
| Discussant: Jacopo Cimadomo |
| Parallel Session 2B: Monetary Theory and Policy I |
| 9:00-11:00 (Lecture Room: A2-3) |
| Chair: Philipp Engler |
| Optimal Monetary Policy with Fair Wage Considerations, Kostas Katirtzidis (National and Kapodestrian University of Athens, Greece), and John D. Tsoukalas (University of Glasgow, UK) |
| Discussant: Philipp Engler |
| Required Reserves as a Credit Policy Tool, Temel Taskin (Central Bank of Turkey, Turkey), Enes Sunel (Central Bank of Turkey, Turkey), and Yasin Mimir (University of Maryland, USA) |
| Discussant:Kostas Katirtzidis |
| Parallel Session 2C: Global Financial Crisis I |
| 9:00-11:00 (Lecture Room: A3-2) |
| Chair: David Aristei |
| Do Female CEOs and Chairs Constrain Bank Risk-Taking? Evidence from the Financial Crisis, Ajay Palvia (U.S. Department of the Treasury, USA), Emilia Peni (University of Vaasa, Finland), and Sami Vahamaa (University of Vaasa, Finland) |
| Discussant: David Aristei |
| Contemporary Challenges for the IMF in Time of Crisis, Elzbieta Chojna-Duch (National Bank of Poland, Poland) |
| Discussant: Adalbert Winkler |
| The Vulnerability of Microfinance to Financial Turmoil – Evidence from the Global Financial Crisis, Charlotte Wagner (Frankfurt School of Finance and Management gGmbH, Germany), and Adalbert Winkler (Frankfurt School of Finance and Management gGmbH, Germany) |
| Discussant: Elzbieta Chojna-Duch |
| The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area, David Aristei (University of Perugia, Italy), and Manuela Gallo (University of Perugia, Italy) |
| Discussant: Sami Vahamaa |
| Parallel Session 2D: Emerging Markets I |
| 9:00-11:00 (Lecture Room: A3-3) |
| Chair: Emilija Beker Pucar |
| Global Liquidity and Reserves Accumulation in Emerging Countries, Benedicte Baduel (Universite Paris III Sorbonne Nouvelle, France) |
| Discussant: Emilija Beker Pucar |
| Business Cycles and Financial Intermediation in Emerging Economies, Christoph Grosse Steffen (DIW Berlin and Free University Berlin, Germany) |
| Discussant: Adam Gulan |
| Interest Rates and Business Cycles in Emerging Economies. The Role of Financial Frictions, Adam Gulan (Bank of Finland, Finland) and Andres Fernandez (Universidad de los Andes, Colombia) |
| Discussant: Christoph Grosse Steffen |
| Macroeconomic Policy Responses and Financial Crises in the European Emerging Economies, Kosta Josifidis (University of Novi Sad, Serbia), Jean-Pierre Allegret (EconomiX, CNRS and University of Paris Ouest Nanterre La Défense, France), Céline Gimet (CHERPA, Institut d’Etudes Politiques, Aix-en-Provence, France), and Emilija Beker Pucar (University of Novi Sad, Serbia) |
| Discussant: Benedicte Baduel |
| 11:00-11:30: Coffee break |
| KEYNOTE SPEECH - THE EUROBANK EFG I PLENARY SESSION |
| 11:30-13:00 (Alexandropoulos Amphitheatre) |
| Chair: Minoas Koukouritakis (University of Crete) |
| Apostolos Serletis (University of Calgary, Canada): |
| "Interest Rates, Leverage, and Money" |
| 13:00-14:00: Lunch |
| KEYNOTE SPEECH - THE EUROBANK EFG II PLENARY SESSION |
| 14:00-15:30 (Alexandropoulos Amphitheatre) |
| Chair: Nikolaos Giannellis (University of Ioannina) |
| Lucio Sarno (Cass Business School, UK): |
| "Exchange Rates, Information, and Risk Premia" |
| 15:30-16:00: Coffee break |
| Parallel Session 3A: Macroeconomic Theory and Policy II |
| 16:00-18:30 (Lecture Room: A2-2) |
| Chair: Sebastian Sienknecht |
| World, Country, and Sectoral Factors in International Business Cycles, Aikaterini E. Karadimitropoulou (University of Kent, UK) and Miguel A. Leon-Ledesma (University of Kent, UK) |
| Discussant: Sebastian Sienknecht |
| Policy Games with Liquidity Constrained Consumers, Alice Albonico (University of Pavia, Italy) and Lorenza Rossi (University of Pavia, Italy) |
| Discussant: Aikaterini E. Karadimitropoulou |
| Macroeconomic Instability and the Incentive to Innovate - A Cross Country Panel Data Analysis, Serena Masino (University of Manchester, UK) |
| Discussant: Alice Albonico |
| The Role of Implied Volatility for Explaining Consumer Sentiment: Evidence for the U.S. and Germany, Raquel Lopez (Universidad de Castilla-La Mancha, Spain), Maria Isabel Martinez (Universidad de Murcia, Spain), and Eliseo Navarro (University of Alcalá, Spain) |
| Discussant: Serena Masino |
| Which Parameters Drive Approximation Inaccuracies?, Sebastian Sienknecht (Friedrich-Schiller-University Jena, Germany) |
| Discussant: Raquel Lopez |
| Parallel Session 3B: Monetary Theory and Policy II |
| 16:00-18:00 (Lecture Room: A2-3) |
| Chair: Cornel Oros |
| An Affine Multifactor Model with Macro Factors for the German Term Structure: Changing Results during the Recent Crisis, Jelena Stapf (Deutsche Bundesbank, Germany), and Arne Halberstadt (Deutsche Bundesbank and Goethe University, Germany) |
| Discussant: Cornel Oros |
| Measuring Sovereign Bond Spillover in Europe and the Impact of Rating News, Peter Claeys (Universitat de Barcelona, Spain), and Borek Vasicek (Czech National Bank, Czech Republic) |
| Discussant:Cornel Oros |
| Macroeconomic Stabilization in a Heterogeneous Monetary Union: Are Governments Tempted to Distort their Private Information about National Economic Shocks?, Cornel Oros (University of Poitiers, France) |
| Discussant: Jelena Stapf |
| Parallel Session 3C: Economic Growth and Development |
| 16:00-18:30 (Lecture Room: A3-2) |
| Chair: Monica Raileanu Szeles |
| Technical Change in a Neoclassical Two-sector Model of Optimal Growth, Mehdi Senouci (Paris School of Economics, France) |
| Discussant: Monica Raileanu Szeles |
Economic Growth and Corruption, Kefi Mohamed Karim (Institute of Higher Education in Marketing and Commerce,ISTEC/FRANCE) and Hadhek Zouhaier (ISG of Gabès-Tunisia) |
| Discussant: Mehdi Senouci |
| Do the Effects of Corruption Upon Growth Differ Between Democracies and Autocracies?, Andreas Assiotis (University of Cyprus, Cyprus) and Kevin Sylwester (Southern Illinois University, USA) |
| Discussant: Kefi Mohamed Karim |
| Young Democracies and Government Size: Evidence from Latin America, Manoel Bittencourt (University of Pretoria, South Africa) |
| Discussant: Andreas Assiotis |
| Re-examining the Relationship between Economic Growth and Inequality in the New Member States, Monica Raileanu Szeles (Transilvania University of Brasov, Romania) |
| Discussant: Manoel Bittencourt |
| Parallel Session 3D: Financial Markets |
| 16:00-18:30 (Lecture Room: A3-3) |
| Chair: Eleonora Pierucci |
| Do Agricultural Price Bubbles Contribute to Global Food Problems?, Martin T. Bohl (Westphalian Wilhelminian University of Muenster, Germany), Patrick M. Stephan (Westphalian Wilhelminian University of Muenster, Germany), and Philipp Adaemmer (Westphalian Wilhelminian University of Muenster, Germany) |
| Discussant: Eleonora Pierucci |
| Are Unleaded Gasoline and Diesel Price Adjustments Symmetric? A Comparison of Eurozone Retail Fuel Markets, Stelios Karagiannis (Centre of Planning and Economic Research, Greece), Yannis Panagopoulos (Centre of Planning and Economic Research, Greece), and Prodromos Vlamis (Centre of Planning and Economic Research, Greece and University of Cambridge, UK) |
| Discussant: Patrick M. Stephan |
| Shivers and Shrugs in Financial Markets: The Case of the First FOMC Press Conference on Monetary Policy, Jukka Sihvonen (University of Vaasa, Finland) |
| Discussant: Prodromos Vlamis |
| International Investment Positions and Risk Sharing: An Empirical Analysis on the Coordinated Portfolio Investment Survey, Filippo Maria Pericoli (CEIS Tor Vergata Economics University Foundation, Italy), Eleonora Pierucci (University of Basilicata, Italy), and Luigi Ventura (University of Rome "La Sapienza", Italy) |
| Discussant: Jukka Sihvonen |
| International Risk Sharing and Globalization, Eleonora Pierucci (University of Basilicata, Italy) and Luigi Ventura (University of Rome "La Sapienza", Italy) |
| Discussant: Filippo Maria Pericoli |
| Saturday, May 26th, 2012 |
| Parallel Session 4A: Open Economies Review |
| 9:00-11:00 (Lecture Room: A2-2) |
| Chair: George S. Tavlas |
| Clarity of Central Bank Communication About Inflation, Ales Bulir (IMF, USA), Martin Cihak (World Bank, USA), and David-Jan Jansen (De Nederlandsche Bank, The Netherlands) |
| Discussant: Ryan S. Mattson |
| Optimised Simple Rules for Fiscal Policy in Monetary Union, Lukas Vogel (European Commission, Belgium), Werner Roeger (European Commission, Belgium), and Bernhard Herz (University of Bayreuth, Germany) |
| Discussant: Davide Furceri |
| Fiscal Policy Discretion, Private Spending, and Crisis Episodes, Luca Agnello (Banque De France, France), Ricardo Sousa (University of Minho, Portugal), and Davide Furceri (IMF, USA) |
| Discussant: Lukas Vogel |
| The New CFS Divisia Monetary Aggregates: Design, Construction, and Data Sources, William Arnold Barnett (University of Kansas, USA), Jia Liu (University of Kansas, USA), Ryan S. Mattson (University of Kansas, USA), and Jeff van den Noort (Center for Financial Stability, NY City, USA) |
| Discussant: Ales Bulir |
| Parallel Session 4B: Macroeconomic Theory and Policy III |
| 9:00-11:00 (Lecture Room: A2-3) |
| Chair: Nicola Acocella |
| A Small Open Economy New Keynesian DSGE Model for a Foreign Exchange Constrained Economy, Sisay Regassa Senbeta (University of Antwerp, Belgium) |
| Discussant: Nicola Acocella |
| Why Politicians Don't Care - Results from Intertemporal Optimization and Viscosity Solutions, Christian Bauer (University of Trier, Germany), and Philip Ernstberger (University of Trier, Germany) |
| Discussant: Michael Paetz |
| Stock Price Dynamics and the Business Cycle in an Estimated DSGE Model for the UK, Michael Paetz (Hamburg University, Germany) |
| Discussant: Christian Bauer |
| A General Theory of Controllability and Expectations Anchoring for Small-open Economies, Andrew Hughes Hallett (George Mason University, USA), Giovanni Di Bartolomeo (University of Teramo, Italy), and Nicola Acocella (University of Rome "La Sapienza", Italy) |
| Discussant: Sisay Regassa Senbeta |
| Parallel Session 4C: Monetary Theory and Policy III |
| 9:00-11:00 (Lecture Room: A3-2) |
| Chair: Marianne Palmu |
| Do Financial Markets Learn from ECB Monetary Policy?, Jean-Yves Filbien (University of Quebec at Montreal, Canada) and Fabien Labondance (Université Catholique de Louvain, Belgium) |
| Discussant: Marianne Palmu |
| International Financial Transmission of the US Monetary Policy: An Empirical Assessment, Nikola Nikodijevic Mirkov (University of St.Gallen, Swiss Institute of Banking and Finance, Switzerland) |
| Discussant: Blandine Zimmer |
| Monetary Policy Committees and Uncertain Central Bank Preferences, Blandine Zimmer (Large - IEP Strasbourg, France) |
| Discussant: Nikola Nikodijevic Mirkov |
| Dispersion of the Central Bank Communication and Effects on Market Uncertainty, Marianne Palmu (University of Turku, Finland) |
| Discussant: Fabien Labondance |
| Parallel Session 4D: Emerging Markets II |
| 9:00-11:00 (Lecture Room: A3-3) |
| Chair: Marcello Spanò |
| Protect and Survive? Did Capital Controls Help Shield Emerging Markets from the Crisis?, Makram El-Shagi (Halle Institute for Economic Research, Germany) |
| Discussant: Marcello Spanò |
| The Boom of the BRIC: Blessing or Curse for the Advanced Countries?, Livio Stracca (European Central Bank, Germany) |
| Discussant: Slađana Srdić |
| The Purchasing Power Parity in Emerging Europe: Empirical Results Based on Unit Root Tests with Two Breaks, Zorica Mladenović (University of Belgrade, Serbia), Kosta Josifidis (University of Novi Sad, Serbia), and Slađana Srdić (University of Novi Sad, Serbia) |
| Discussant: Livio Stracca |
| Foreign Reserves as Hedging Instrument in the Emerging Countries, Marcello Spanò (University of Insubria, Italy) |
| Discussant: Makram El-Shagi |
| 11:00-11:30: Coffee break |
| KEYNOTE SPEECH - THE UNIVERSITY OF CRETE PLENARY SESSION |
| 11:30-13:00 (Alexandropoulos Amphitheatre) |
| Chair: Georgios P. Kouretas (Athens University of Economics and Business) |
| Robert G. King (Boston University, USA): |
| "Macroeconomics with imperfect policy credibility" |
| 13:00-14:00: Lunch |
| KEYNOTE SPEECH - THE BANK OF GREECE II PLENARY SESSION |
| 14:00-15:30 (Alexandropoulos Amphitheatre) |
| Chair: George S. Tavlas (Bank of Greece) |
| William T. Gavin (Federal Reserve Bank of St. Louis, USA): |
| "The Dual Mandate and the Zero Lower Bound" |
| 15:30-16:00: Coffee break |
| Parallel Session 5A: Macroeconomic Theory and Policy IV |
| 16:00-18:00 (Lecture Room: A2-2) |
| Chair: Michele Lenza |
| On the Construction of Two-country Cointegrated VAR Models with an Application to the UK and US, Reinhold Heinlein (University of Kent, UK) and Hans-Martin Krolzig (University of Kent, UK) |
| Discussant: Michele Lenza |
| An Application of the Adapted Fink Country Scoring Model on Portugal, Italy, Greece and Spain – Country Risk of the Weaker Eurozone Members and Implications, Bernd Schicklgruber (Vienna University of Economics and Business, Austria) and Peter Haiss (Vienna University of Economics and Business, Austria) |
| Discussant: Nikolina Efstathios Kosteletou |
| Financial Integration, Euro and the Twin Deficits of Southern Eurozone Countries, Nikolina Efstathios Kosteletou (National and Kapodestrian University of Athens, Greece) |
| Discussant: Bernd Schicklgruber |
| Prior Selection for Vector Autoregressions, Domenico Giannone (Université Libre de Bruxelles, Belgium), Michele Lenza (European Central Bank, Germany), and Giorgio E. Primiceri (Northwestern University, USA) |
| Discussant: Reinhold Heinlein |
| Parallel Session 5B: Monetary Theory and Policy IV |
| 16:00-18:00 (Lecture Room: A2-3) |
| Chair: Ida Maria Hjortso |
| EMU 2.0: Building a Durable Monetary Union in the Eurozone, Colm McCarthy (University College Dublin, Ireland) and Gary O'Callaghan (Dubrovnik International University, Croatia) |
| Discussant: Ida Maria Hjortso |
| Threshold Effects in the Monetary Policy Reaction Function of the Deutsche Bundesbank, Martin Mandler (Deutsche Bundesbank, Germany) |
| Discussant: Anna Sznajderska |
| Asymmetries in the Interest Rate Pass-through. The Case of Poland, Anna Sznajderska (National Bank of Poland, Poland) |
| Discussant: Martin Mandler |
| Imbalances and Fiscal Policy in a Monetary Union, Ida Maria Hjortso (European University Institute, Italy) |
| Discussant: Colm McCarthy |
| Parallel Session 5C: Exchange Rate Economics |
| 16:00-18:00 (Lecture Room: A3-2) |
| Chair: Nikolaos Giannellis |
| In Quest for a Robust Model of the Exchange Rate: A Comprehensive Approach, Evgenia Passari (Cass Business School, UK) |
| Discussant: Nikolaos Giannellis |
| Foreign Exchange Market Interventions and the $- ¥ Exchange Rate: Did the Bank of Japan Know the Fundamental Value?, Joscha Beckmann (University of Duisburg-Essen, Germany), Ansgar Belke (University of Duisburg-Essen, DIW Berlin and IZA Bonn, Germany), and Michael Kühl (University of Goettingen, Germany) |
| Discussant: Jean-Sébastien Pentecôte |
| Structural and Stochastic Asymmetries within Fixed Exchange Rates Systems, Jean-Sébastien Pentecôte (CREM - UMR CNRS 6211, University of Rennes 1, France) |
| Discussant: Joscha Beckmann |
| Does China's International Competitiveness Fluctuate in Consistency with PPP Equilibrium?, Nikolaos Giannellis (University of Ioannina, Greece) and Georgios P. Kouretas (Athens University of Economics and Business, Greece) |
| Discussant: Evgenia Passari |
| Parallel Session 5D: Global Financial Crisis II |
| 16:00-18:00 (Lecture Room: A3-3) |
| Chair: Tjeerd Boonman |
| Spillover Effects of the 2007 Subprime Financial Crisis on USA, EMU, China and Japan Equity Markets, Dimitrios I. Dimitriou (University of Ioannina, Greece) and Theodore M. Simos (University of Ioannina, Greece) |
| Discussant: Janne Aijo |
| Debt Source Choices and Stock Market Performance of Russian Firms during the Financial Crisis, Denis Davydov (University of Vaasa, Finland) and Sami Vahamaa (University of Vaasa, Finland) |
| Discussant: Tjeerd Boonman |
| Why didn't the Global Financial Crisis Hit Latin America?, Tjeerd Boonman (University of Groningen, The Netherlands and TEC de Monterrey campus Guadalajara, Mexico), Jan Jacobs (University of Groningen, The Netherlands and CAMA, Australian National University and CIRANO, Australia), and Gerard Kuper (University of Groningen, The Netherlands) |
| Discussant: Denis Davydov |
| Baltic Stock Markets and the Financial Crisis of 2008-2009, Vanja Piljak (University of Vaasa, Finland), Jussi Nikkinen (University of Vaasa, Finland), and Janne Aijo (University of Vaasa, Finland) |
| Discussant: Dimitrios I. Dimitriou |
| 18:00: SHORT EXCURSION AND FAREWELL DINNER |