Restoring Financial Stability

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Date(s) - 30/07/09
11:45am - 1:45pm


Thomson Reuters
Level 43 / 80 Collins Street

Academic Seminar

Restoring Financial Stability: How to Repair a Failed System features executive summaries of 18 targeted and definitive White Papers authored by 33 Stern academics that offer financial policy alternatives—and specific courses of action—to restore the global financial system. Co-authors of the series include Edward I. Altman, Robert F. Engle, Lasse H. Pedersen, Nouriel Roubini, Anthony Saunders, Marti G. Subrahmanyam, Paul A. Wachtel, and Stephen J. Brown.

Chapters include:

  • Mortgage Origination and Securitization; How Banks Played the Leverage “Game”?;
  • The Rating Agencies
  • Hedge Funds in the Aftermath of the Financial Crisis
  • What to Do About the Government Sponsored Enterprises?
  • Enhanced Regulation of Large Complex Financial Institutions; Regulating Systemic Risk o Governance, Incentives and Fair-value Accounting; Rethinking Compensation in Financial Firms
  • Derivatives, Short Selling and Transparency
  • Private Lessons for Public Banking: The Case for Conditionality in Lender of Last Resort Facilities
  • The Financial Sector “Bailout”: Sowing the Seeds of the Next Crisis

Our speaker: Stephen J. Brown is David S. Loeb Professor of Finance at the Leonard N. Stern School of Business, New York University. He graduated from Melbourne High School and Monash University in Australia and studied at the University of Chicago, earning an MBA in 1974 and a Ph.D in 1976. Following successive appointments as a Member of Technical Staff at Bell Laboratories where he spent time on assignment as District Manager in the AT&T Pension Fund, and Associate Professor at Yale University, he joined the faculty of New York University in 1986. In December 2002 he was appointed to the honorary position of Professorial Fellow with the title of professor at the University of Melbourne, and in 2007 was elected Academic Director, Financial Management Association

He has served as President of the Western Finance Association and Secretary/Treasurer of that organization, has served on the Board of Directors of the American Finance Association, and was a founding editor of the Review of Financial Studies. He is a Managing Editor of The Journal of Financial and Quantitative Analysis and has served on the editorial board of The Journal of Finance and is on the board of the Pacific-Basin Finance Journal and other journals. He has published five books on finance and economics related areas.

Venue Parnter: Thomson Reuters

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