NSE-NYU Conference on Indian Financial Markets 2021
Speaker Profile
Dr. Michael Spence
2001 Nobel Laureate for Economics
Prof. Michael Spence was awarded the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal from the American Economics Association in 1981. He is a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University. He joined the NYU Leonard N. Stern School of Business as a professor of economics in September 2010. Prof. Spence, whose scholarship focuses on economic policy in emerging markets, the economics of information, and the impact of leadership on economic growth, was the Chairman of the Independent Commission on Growth and Development (2006-10) - a global policy group focused on strategies for producing rapid, sustainable growth and reducing poverty. He has served as a consultant and Board member in several companies.
Dr. Duvvuri Subbarao
Former Governor, RBI and Faculty, National University Singapore
Dr Duvvuri Subbarao served as Governor of the Reserve Bank of India (RBI) for five years (2008-13). Prior to that, he was Finance Secretary to the Government of India (2007-08) and Secretary to the Prime Minister’s Economic Advisory Council (2005-07). Dr Subbarao joined the Indian Administrative Service in 1972. As a career civil servant, he worked in various positions in the state and Central government. Dr Subbarao was a Lead Economist in the World Bank (1999-2004) where his responsibilities involved analysing the public expenditures of developing countries and advising them on fiscal policy issues. He is currently a distinguished visiting faculty at the National University of Singapore.
Dr. Aswath Damodaran
Professor of Finance, NYU Stern School of Business
Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at NYU Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley. He has been the recipient of Giblin, Glucksman, and Heyman Fellowships, a David Margolis Teaching Excellence Fellowship, and the Richard L. Rosenthal Award for Innovation in Investment Management and Corporate Finance. Prof. Damodaran received a B.A. in Accounting from Madras University and a post graduate diploma in Management from the Indian Institute of Management. He earned an M.B.A. (1981) and then Ph.D. (1985), both in Finance, from the University of California, Los Angeles.
Dr. Darrell Duffie
The Adams Distinguished Professor of Management and Professor of Finance, Graduate School of Business, Stanford University
Darrell Duffie is the Adams Distinguished Professor of Management and Professor of Finance at Stanford Graduate School of Business. He is a fellow and member of the Council of the Econometric Society, a research fellow of the National Bureau of Economic Research, and a fellow of the American Academy of Arts and Sciences. Duffie was the 2009 president of the American Finance Association. In 2014, he chaired the Market Participants Group, charged by the Financial Stability Board with recommending reforms to Libor, Euribor, and other interest rate benchmarks. Duffie’s recent books include How Big Banks Fail (Princeton University Press, 2010), Measuring Corporate Default Risk (Oxford University Press, 2011), and Dark Markets (Princeton University Press, 2012).
Dr. Viral Acharya
Former Deputy Governor, RBI and C.V. Starr Professor of Economics, NYU Stern School of Business
Prof. Viral Acharya is the Former Deputy Governor of the Reserve Bank of India and C. V. Starr Professor of Economics at NYU Stern School of Business. Prof. Acharya started the NSE-NYU Stern Initiative on the Study of Indian Financial Markets along with the National Stock Exchange of India in 2012. He has served on the International Advisory Board of the Securities and Exchange Board of India (SEBI). He has also been an Academic Advisor to the Federal Reserve Banks of Chicago and Cleveland, and the Board of Governors. He is Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance, a Research Affiliate at the Center for Economic Policy Research (CEPR), and Research Associate of the European Corporate Governance Institute (ECGI). He has authored several books on finance and banking.
Prof. Kose John
Charles William Gerstenberg Professor of Banking and Finance at the NYU Stern School of Busines
Prof. Kose John is the Charles William Gerstenberg Professor of Banking and Finance at the Stern School of Business, New York University. He has also taught at the University of Chicago, Columbia University, and Institut D'Etudes Politiques de Paris (Sciences PO). He has won several awards, including the Batterymarch Fellowship in 1983 and the Jensen Prize for the best paper published in 2000 in the Journal of Financial Economics. He has been on the Nomination Committee for the Nobel Prize in Economics since 2016. His recent research interests include FinTech, Blockchain economics, corporate bankruptcy, dividend policy, corporate governance, top-management compensation, institutions and innovation. He has published over 110 research articles and mentored over 106 doctoral students.
Events | From (IST) | To (IST) | Duration |
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Introduction by Dr. Tirthankar Patnaik, Chief Economist, NSE | 18:00 | 18:05 | 0:05 |
Welcome address by Mr. Vikram Limaye, MD and CEO, NSE | 18:05 | 18:15 | 0:10 |
Welcome address by Prof. Kose John, Charles William Gerstenberg Professor of Banking and Finance at the NYU Stern School of Business | 18:15 | 18:25 | 0:10 |
Presentation of Supported Paper I: Bank Deposit Franchise, Interest Rate Risk, and Default Risk
|
18:25 | 18:45 | 0:20 |
Discussion by Alexi Savov, NYU Stern School of Business | 18:45 | 18:55 | 0:10 |
Discussion + Author's response | 18:55 | 19:10 | 0:15 |
Break | 19:10 | 19:20 | 0:10 |
A conversation with…
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19:20 | 20:05 | 0:45 |
Q&A | 20:05 | 20:20 | 0:15 |
Break | 20:20 | 20:25 | 0:05 |
Keynote Address by Prof. Aswath Damodaran, Professor of Finance, NYU Stern School of Business on ‘The corporate life cycle: Growing up is hard to do, Growing older is even harder’, followed by Q&A - (link to pdf) | 20:25 | 21:15 | 0:50 |
Closing remarks | 21:15 | 21:17 | 0:02 |
Events | From (IST) | To (IST) | Duration |
---|---|---|---|
Introductory remarks | 18:00 | 18:05 | 0:05 |
Presentation of Policy Paper I: Winds of Change: Gender Quota on Boards in the Face of Patriarchy
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18:05 | 18:25 | 0:20 |
Q&A | 18:25 | 18:35 | 0:10 |
Break | 18:35 | 18:40 | 0:05 |
Presentation of Supported Paper II: Does the type of settlement matter? Evidence from Indian Derivatives Market
|
18:40 | 19:00 | 0:20 |
Discussion by Nidhi Agarwal, Indian Institute of Management Udaipur | 19:00 | 19:10 | 0:10 |
Discussion + Author's response | 19:10 | 19:25 | 0:15 |
Break | 19:25 | 19:30 | 0:05 |
Presentation of Supported Paper III: What happens when ratings shopping is visible? Evidence from unaccepted ratings disclosure in India
|
19:30 | 19:50 | 0:20 |
Discussion by Christine Cuny, NYU Stern School of Business | 19:50 | 20:00 | 0:10 |
Discussion + Author's response | 20:00 | 20:15 | 0:15 |
Break | 20:15 | 20:20 | 0:05 |
Presentation of Supported Paper IV: Do Too Many Cooks Spoil the Broth?: Multiple Politicians, Firm Entry and Economic Growth
|
20:20 | 20:40 | 0:20 |
Supported paper 4 discussion by by Guo Xu, University of California, Berkeley | 20:40 | 20:50 | 0:10 |
Discussion + Author's response | 20:50 | 21:05 | 0:15 |
Closing remarks | 21:05 | 21:07 | 0:02 |
Events | From (IST) | To (IST) | Duration |
---|---|---|---|
Introductory remarks | 18:00 | 18:05 | 0:05 |
Keynote Address by Prof. Michael Spence, 2001 Nobel Laureate for Economics on ‘Digital India, Chapter 2: Inclusive growth and development patterns in the digital economy’, followed by Q&A | 18:05 | 18:55 | 0:50 |
Break | 18:55 | 19:00 | 0:05 |
Presentation of Policy Paper II: Bank Presence and Health
|
19:00 | 19:20 | 0:20 |
Q&A | 19:20 | 19:30 | 0:10 |
Break | 19:30 | 19:35 | 0:05 |
Presentation of Supported Paper V: Identifying HFT Activity without Proprietary Data
|
19:35 | 19:55 | 0:20 |
Discussion by Joel Hasbrouck, NYU Stern School of Business | 19:55 | 20:05 | 0:10 |
Discussion + Author's response | 20:05 | 20:20 | 0:15 |
Break | 20:20 | 20:25 | 0:05 |
Presentation of Supported Paper VI: Effectiveness of Additional Surveillance Measures–Empirical study using Indian market data
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20:25 | 20:45 | 0:20 |
Discussion by Poonam Singh, NITIE | 20:45 | 20:55 | 0:10 |
Discussion + Author's response | 20:55 | 21:10 | 0:15 |
Closing remarks | 21:10 | 21:12 | 0:02 |