Author: Philip Lane

The Financial Mathematics and Computation Cluster (FMC²) is pleased to announce that the 2013 FMC² Finance Conference will be held in Dublin on May 1, 2013.

The FMC² Finance Conference is a high-quality conference covering all areas of finance. Previous speakers at the conference (which replaces the Global Finance Academy annual conference) include Douglas Breeden, Michael Brennan, Julian Franks, Maureen O’ Hara, John McConnell, Stewart Myers, Matthew Spiegel, Hassan Tehranian and Raman Uppal. The format of this year’s conference is for six selected papers to be given 1 hour each for presentation. The FMC Scientific Advisory Board (see below for membership) will be present at the conference with the objective being to provide a setting that produces the kind of in-depth participation of a smaller conference.

PAPER SUBMISSION PROCEDURE: The submission deadline is Sunday March 3, 2013. Please submit papers under the subject heading ‘FMC Annual Conference’ to Irene Ward (irene.ward@ucd.ie). There is no submission fee.

The debate about imposing losses on uninsured depositors in some Cypriot banks is the main story in today’s WSJ here.

Olli Rehn elaborates on bank recapitalizations here.

here.

“HOW TO FIX DISTRESSED PROPERTY MARKETS?”

8.45 – 9.00 Opening Remarks

Patrick Honohan, Governor, Central Bank of Ireland

9.00 – 10.30 Session 1: The experience in the United States

Paper 1: Dealing with a mortgage crisis: A comparison of the response by US and Irish authorities

Kieran McQuinn (Central Bank of Ireland) and Anthony Murphy (Federal Reserve Bank of Dallas)

Paper 2: Foreclosure externalities: Some new evidence

Kris Gerardi (Federal Reserve Bank of Atlanta)

Paper 3: The US mortgage crisis – are there lessons for policymakers

Michael Fratantoni (Mortgage Bankers Association) and Michael Moore (International Monetary Fund)

10.30-10.45 Coffee

10.45- 11.45 Session 2: Some Irish perspectives

Paper 1: A distressed mortgage market: Could a fiscal stimulus help?

Robert Kelly and Kieran McQuinn (both Central Bank of Ireland)

Paper 2: Understanding Irish house price movements – a user cost of capital approach

Frank Browne, Thomas Conefrey and Gerard Kennedy (all Central Bank of Ireland)

11.45- 1.00 Session 3: Panel discussion

Moderator: Alan Ahearne (NUI Galway and Central Bank Commission)

To confirm attendance, please e-mail: lisa.malone@centralbank.ie or kieran.mcquinn@centralbank.ie

Charles Wyplosz will give a public talk at noon this Wednesday in the Long Room Hub.  This is part of a TCD LRH/IIIS series running during Ireland’s EU Presidency.  Details here.

Wyplosz will also give a research seminar 9am-10.30am on Wednesday in IIIS seminar room on “Eurozone Crisis: It’s About Public Debts, not Competitiveness“