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Indiana University Bloomington


Professional Announcements


October 20, 2014 in New York, NY

Register now at: http://www.meetmax.com/sched/event_28001/~public/conference_home.html?event_id=28001 for a discounted rate! Early bird registration ends on September 25th!

OptionMetrics cordially invites you to attend the 2014 OptionMetrics Research Conference (ORC 2014) to be held on October 20, 2014 at Convene Times Square, New York. See: http://www.meetmax.com/sched/event_28001/~public/conference_home.html?event_id=28001

OptionMetrics has organized a one-day conference, bringing together users and researchers from both academia and industry, to share ideas and increase understanding of the options markets. Come hear a full day of presentations on the latest research using OptionMetrics data!

We are excited to welcome Jim Gatheral as our Keynote Speaker this year. Jim is Professor of Mathematics at Baruch College, City University of New York, teaching mostly courses in the Masters of Financial Engineering (MFE) program. Prior to joining the faculty of Baruch College, he spent 27 years in investment banking, latterly as Managing Director responsible for Equity Quantitative Research at Bank of America Merrill Lynch. He is currently co-editor-in-chief of Quantitative Finance, managing editor of IJTAF and an associate editor of the SIAM Journal on Financial Mathematics. His current research focus is on volatility modeling and modeling equity market microstructure for algorithmic trading. His best-selling book, The Volatility Surface: A Practitioner's Guide (Wiley 2006) is one of the standard references on the subject of volatility modeling.

We look forward to seeing you there!

Please forward this email to any interested colleagues.


David Hait, Ph.D.
OptionMetrics, LLC

Doctoral students are eligible for a 15% discount. Please email us at: ORC2014@optionmetrics.com for a discount code, and use "PhD Discount" in the subject line.

ABOUT OPTIONMETRICS, LLC: OptionMetrics, LLC is the financial industry's premier provider of reliable historical option price data, tools, and analytics. Currently, over 200 institutional subscribers and universities rely on our products as their main source of options pricing, implied volatility calculations, volatility surfaces, and analytics. We enable traders to construct, test, and execute options/derivatives investment strategies and accurately monitor their risk exposure, so that they can make more informed and, ultimately, more profitable investment decisions.


Call For Papers
Presentation: Regulating Consumer Credit Conference

April 30-May 1, 2015, Federal Reserve Bank of Philadelphia

Publication: Special Issue on Regulating Consumer Credit - Journal of Economics and Business (4Q2015)

Conference Organizers and Journal Guest Editors:
- Paul Calem - FRB Philadelphia
- Julapa Jagtiani (Managing Editor) - FRB Philadelphia
- William W. Lang - FRB Philadelphia

The Federal Reserve Bank of Philadelphia (Supervision, Regulation & Credit) and the Journal of Economics and Business (JEB) invite authors to submit papers that deal with topics related to mortgages and other consumer credit, focusing on regulatory and supervisory implications.

The recent mortgage crisis, which led to the global financial crisis in 2007-2009, has brought dramatic changes to financial regulation and banking supervision, including the area of mortgages and consumer credit. Retail stress testing models attempt to project credit losses from mortgages, credit cards, auto loans, and other retail portfolios of systemically important banking institutions under adverse economic scenarios. At the same time, consumer financial protection regulation has been strengthened and expanded, and consumer financial behavior has evolved in the aftermath of the Great Recession.

TOPICS: There are many challenges associated with the rapidly changing market, industry, and regulatory environment. These include:
- Developing empirical risk measures (e.g., stress tests) that rely heavily on historical experience with this evolving landscape;
- Balancing risk-sensitive capital regulations with concerns about procyclicality of capital requirements;
- Changes in consumer behavior and the design of consumer credit regulations;
- Role of the new scenario-based stress tests in relation to the Basel II distribution-based measures of tail risk for consumer credit.

We solicit original research papers that are in any area of consumer credit, with regulatory or supervisory implications. We are particularly interested in papers with quantitative analysis that will facilitate effective stress testing, capital or risk assessment, or consumer financial protection; analysis of evolving consumer behavior and appropriate regulatory responses; or research with implications for more effective regulation and supervision in the area of retail credit.

PAPER SUBMISSION PROCEDURE: Papers should be submitted online to the JEB at http://ees.elsevier.com/jeb/admin/default.asp. Authors should select "Regulating Consumer Credit" when asked to indicate the "Article Type" in the submission process. Note: There is no submission fee.

Please indicate whether the paper is submitted for presentation only or if it is for publication in the JEB as well.

The deadline for submissions is December 1, 2014. The special issue will be published in 4Q2015.


FDIC 4th Annual Consumer Research Symposium

October 16 - 17, 2014 Arlington, VA

Sponsored by the FDIC's Division of Depositor and Consumer Protection

You are cordially invited to attend the 4th Annual Consumer Research Symposium sponsored by the FDIC's Division of Depositor and Consumer Protection. This two-day symposium will feature consumer finance experts presenting recent papers with far-reaching consumer research and policy implications. Panelists will share research findings on consumers' capabilities, knowledge, preferences, and experiences in the market for financial products and services. Detailed information on panels and presentations can be found in the agenda below.

The symposium will be held on Thursday, October 16th through Friday, October 17th in the FDIC's Hove Auditorium at the L. William Seidman Center in Arlington, VA. A reception will be held following the sessions on Thursday.

REGISTRATION: There is no cost for this event. However, participants are encouraged to register at their earliest convenience, as space may be limited. To register your attendance or sign-up to view a live webcasting of the event, please register at: https://www.regonline.com/builder/site/?eventid=1579069

Feel free to submit questions or requests for additional information to conresearchsymp@fdic.gov, and don't forget to share this invitation with interested colleagues. We look forward to seeing you next month!


Thursday, October 17th

8:00 - 9:00am: Breakfast and Registration

9:00 - 10:40am: Panel 1: Effect of Financial Education and Ability on Outcomes

State Mandated Financial Education and the Credit Behavior of the Young
Maximilian Schmeiser and Alexandra Brown, Federal Reserve Board
J. Michael Collins, University of Wisconsin-Madison
Carly Urban, Montana State University

Financial Education and Account Access among Elementary Students: Findings from the AFCO Youth Pilot
Kasey Wiedrich and Ida Rademacher, CFED
J. Michael Collins, University of Wisconsin-Madison
Laura Rosen, OpportunityTexas

Non-Cognitive Abilities and Loan Delinquency
Camelia M. Kuhnen, University of North Carolina
Brian T. Melzer, Northwestern University

Discussant: Jeanne Hogarth, CFSI
Moderator: Lariece Brown, Federal Deposit Insurance Corporation

10:40 - 10:55am: Coffee Break

10:55 - 11:45am: Distinguished Guest Lecture
Olivia Mitchell, University of Pennsylvania

11:45am - 12:45pm: Lunch

12:45 - 2:00pm: Panel 2: Factors that Influence Bank Account Ownership and Savings

Unbanked Households: Evidence on Supply-Side Factors
Adrien Matray, HEC Paris
Claire Celerier, University of Zurich

Savings Account Ownership During the Great Recession
Sherrie L.W. Rhine, Federal Deposit Insurance Corporation
Wenhua Di and Emily Ryder Perlmeter, Federal Reserve Bank of Dallas
William H Greene, New York University

Discussant: Signe-Mary McKernan, Urban Institute
Moderator: Kris Rengert, Federal Deposit Insurance Corporation

2:00 - 2:15pm: Coffee Break

2:15 - 3:30pm: Panel 3: Credit and Debt Collection Markets

The Economics of Debt Collection, Enforcement of Consumer Credit Contracts
Robert Hunt, Federal Reserve Bank of Philadelphia (FRB Philadelphia)
Viktar Fedaseyeu, Bocconi University and Visiting Scholar, FRB Philadelphia

The Evolution of Credit Card Contracts: Risk-based or Bias-based?
Benjamin J. Keys, University of Chicago
Jialan Wang, Consumer Financial Protection Bureau

Discussant: Jeremy Ko, Securities and Exchange Commission
Moderator: Karyen Chu, Federal Deposit Insurance Corporation

3:30 - 3:45pm: Chairman's Remarks

Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation

3:45 - 4:00pm: Ice Cream Break

4:00 - 5:15pm: Panel 4: Use of Alternative Credit Products

The Effect of Income Timing on Short-term Borrowing: Evidence form Social Security Recipients
Jesse B. Leary and Jialan Wang, Consumer Financial Protection Bureau

The Dynamics of Overdraft Fees and Incidence
Eva Nagypal, Trevor Bakker, and Colin Watson, Consumer Financial Protection Bureau

Discussant: Adair Morse, Haas School of Business, University of California Berkeley
Moderator: Alicia Lloro, Federal Deposit Insurance Corporation

5:15 - 6:00pm: Reception

Friday, October 17th

8:30 - 9:00am: Breakfast

9:00 - 10:40am: Panel 5: Effect of Credit Use on Household Structure

Is Student Debt a Barrier to Homeownership?
Meta Brown and Wilbert van der Klaauw, Federal Reserve Bank of New York
Christian D. Dick, Centre for European Economic Research

Finance and Welfare: The Effect of Access to Credit on Family Structure
Isaac Hacamo, Indiana University

Returning to the Nest: Debt and Parental Co-residence Among Young Adults
Lisa Dettling and Joanne W. Hsu, Federal Reserve Board

Discussant: Dora Gicheva, University of North Carolina at Greensboro

Moderator: Ryan Goodstein, Federal Deposit Insurance Corporation

10:40 - 11:00am: Coffee Break

11:00am - 12:15pm: Panel 6: New Data on Distressed Borrowers and Housing Units

An Analysis of Default Risk in the Home Equity Conversion Mortgage (HECM) Program
Wei Shi, Stephanie Moulton, and Donald R. Haurin, Ohio State University

Before and After Bank Ownership: An Analysis of Single-Family REO Housing Units
George Carter III, Danilo Pelletiere, and Padmasini Raman, HUD
Arthur Cresce Jr., U.S. Census Bureau

Discussant: Dave Rodda, Freddie Mac
Moderator: Harriet Newburger, Federal Deposit Insurance Corporation

12:15pm: Closing Remarks


Call For Papers
Society for Environmental Law and Economics (SELE) 2015 Conference

21-22 May 2015, the Netherlands

The seventh annual meeting of the Society for Environmental Law and Economics (SELE) will be held on 21-22 May 2015, at the University of Groningen, the Netherlands.

We hope to build upon the great success of past SELE meetings, and continue to build a community of scholars interested in working at the intersection of law, economics and environmental issues. We welcome both theoretical and empirical papers, ranging from local to international themes. While all topics are welcomed, this year we in particular invite scholars to submit papers on how to balance sustainability and competition: should competition authorities allow for restrictions of competition that benefit the environment?

CONFERENCE DETAILS: In a spirit of collegiality, the meeting will take place in a workshop format in which all sessions will be plenary. We strongly encourage all attendees to attend all presentations. Our goal is to create a program that includes a variety of disciplinary perspectives, ideally consisting of about 20 papers over the two-day period.

As in past years, no funding will be available for travel or lodging expenses, but food and drink will be provided during the workshop for the participants and a dinner will be hosted on the first day of the conference.

FURTHER INFORMATION: Further information regarding accommodation, the conference program and other logistic matters will be posted on http://www.envlawecon.wordpress.com. Inquiries can also be sent to (this year's local organizer) Edwin Woerdman (e.woerdman@rug.nl).

PAPER SUBMISSION PROCEDURE: To submit a paper, please email a Word or PDF file to Edwin Woerdman at e.woerdman@rug.nl with the subject line "SELE SUBMISSION", by November 17, 2014. We will review all the papers and get back to you by December 15.

Hope to see you in Groningen!

Edwin Woerdman, Associate Professor, University of Groningen
Daniel H. Cole, Professor, Maurer School of Law and SPEA, Indiana University
Shi-Ling Hsu, Professor, Florida State University College of Law
Jonathan R. Nash, Professor, Emory University School of Law
Josephine van Zeben, Fellow, Worcester College, University of Oxford

This year's SELE meeting, organized by the Groningen Centre of Energy Law (http://www.gcel.nl), is sponsored by the Dutch Authority for Consumers and Markets (http://www.acm.nl/en).

The 400-year old University of Groningen (http://www.rug.nl) is located in the beautiful Dutch city center of Groningen, 'the city where bicycles rule the road': http://www.citylab.com/commute/2013/10/city-where-bicycles-rule-road/7202


Call For Papers
Journal of East Asian Economic Integration (JEAI)

Editorial Board, Journal of East Asian Economic Integration, Korea Institute for International Economic Policy (KIEP)

Website: http://www.jeai.org

AIMS AND SCOPE: The Journal of East Asian Economic Integration is an economic journal, for the promotion of interdisciplinary research on international economics. Published as a quarterly by the Korea Institute for International Economic Policy, a Korean government-funded economic think-tank, the journal is global in perspective and covers both theory and empirical research.

The Journal aims to facilitate greater understanding of all issues pertinent to integration of diverse economies of East Asia through publication of rigorous analyses by renowned experts in the field. The JEAI connects policy and theory, providing empirical analyses and practical policy suggestions for the economies in the region.

Topics for articles in the JEAI include, but are not limited to: Trade and Investment, Economic Integration; International Finance; International Monetary Cooperation; Bilateral and Multilateral Economic Cooperation among East Asian Countries; and International Economic Cooperation for Korean Unification.

TOPICS COVERED: The Journal of East Asian Economic Integration brings together articles from many different realms of economics at both regional and global levels. Trade, investment, finance, and regional studies, in which relevant to East Asian Economic Integration, are major focuses. Specific areas of interest include, but are not limited to::
- Trade and Investment Issues
- Economic Integration
- International Finance
- Liberalization of Financial Services and Capital
- International Cooperation for Korean Unification

ABSTRACTING AND INDEXING SERVICES: The Journal of East Asian Economic Integration is indexed and abstracted in EconLit, e-JEL on CD, WorldCat, ProQuest, Google Scholar, EBSCO and SSRN and registered to Ulrichsweb, CrossRef and Korea Citation Index.

REVIEW PROCESS: Authors will be asked to sign a Paper Submission Form and an Agreement on Copyright Assignment. In signing the form it is assumed that authors have agreed to the submission and that the manuscript is not currently being considered for publication by any other journal. The outline of the journal's manuscript decision process includes submission, editorial decision on whether the paper should be reviewed, peer review, decisions after review, revision, acceptance in principle, final submission and acceptance, proofs, advance online publication, and print publication.

INSTRUCTIONS FOR AUTHORS: Manuscripts should be submitted by EMAIL, and the Author will be asked to sign an Agreement on Submission and Copyright Assignment and send by Email or fax.

Manuscripts that have been published in other journals, or their translations or summaries will not be accepted.
JEAI will be published on 30th of March, June, September and December. And, we receive manuscripts at any time.

Every article published in the journal is given an honorarium of KRW 2,500,000; and annual nominations for the outstanding article will be given a prize of KRW 5,000,000.

EDITORIAL OFFICE INFORMATION: Contacts for further information regarding submission to the Journal of East Asian Economic Integration are as follows:

JEAI Editorial Office
9th Floor, 246 Yangjaedaero, Seocho-gu\ Seoul 137-747, Korea
Tel: +82-2-3460-1251/1171
Fax: +82-2-3460-1177
Email: jeai@kiep.go.kr

FURTHER INFORMATION: For further information, Please refer to our website: http://www.jeai.org


Second Winter School on the Analytics and Policy Design of Migration
Course Announcement

January 7-11, 2015, Doha, Qatar

Submission Deadline: October 15, 2014

Georgetown University's School of Foreign Service in Qatar (GU-Q) is pleased to announce that the Second Winter School on the Analytics and Policy Design of Migration will be held in Doha, Qatar, on January 7-11, 2015.

The School will be led by Oded Stark, Distinguished Research Scholar at GU-Q, Professor at the Universities of Klagenfurt, Bonn, Tuebingen, Vienna, and Warsaw.

SCHOOL DESCRIPTION: The main purpose of the School is to induce the participants to think rigorously, creatively, and in non-conventional ways on various approaches to the modeling of migration choices and consequences, and to demonstrate to the participants how such a thinking process could enrich the spectrum of informed migration policies. Participants will be exposed to the art of economic modeling in general, and to the workings of applied microeconomic theory in particular. Following the School, the participants are expected to be more at ease with deciphering theoretical research on migration, and at engaging in such research themselves.

QUALIFICATIONS: School participants should be holders of Ph.D. in Economics earned during 2010-2014, or Economics Ph.D. students in advanced stages of their dissertation work.

FURTHER DETAILS: The cost of participation in the School, including return air travel via a direct route, accommodation, and meals, will be covered by the School. The School will be held in the new campus of Georgetown University's School of Foreign Service in Qatar. Participants will be expected to arrive on Tuesday, January 6, 2015, and to depart on Monday, January 12, 2015.

APPLICATION PROCEDURE: Applicants are asked to submit, in a pdf format, their C.V. along with a sample article or a chapter in their Ph.D. dissertation to Dr. Ewa Kepinska, Coordinator of the Winter School, e-mail: SFSQWinterSchool@georgetown.edu. The application deadline is October 15, 2014. Responses to the applications will be provided by October 31, 2014.

Additional information is at: http://qatar.sfs.georgetown.edu/academics/migrationpolicy