4th Emerging Markets Finance Conference, 2013

20th - 21st December 2013
Venue: The Westin
Western Express Highway, Goregaon East, Bombay

Programme committee:

  • Tarun Ramadorai, Said Business School, Oxford
  • Subrata Sarkar, IGIDR
  • Ajay Shah, NIPFP
  • Avinadhar Subrahmanyam, UCLA
  • Ram Thirumalai, ISB
  • Susan Thomas, IGIDR FRG
  • Pradeep Yadav, Univ. of Oklahoma

20th December 2013

08:00 - 08:30 Registration
Session I: Corporate governance, Debt contracts
08:30 - 09:20 Do Board Interlocks Increase Innovation? Evidence From Natural Experiments in India [paper][presentation]
Christian Helmers, Universidad Carlos III de Madrid, Manasa Patnam, CREST (ENSAE), and Raghavendra Rau, University of Cambridge
        Discussant: Subrata Sarkar, IGIDR [presentation]
09:20 - 10:10 Information Networks Within Business Groups: Evidence from India [paper][presentation]
Ankur Pareek, Rutgers Business School, and Santosh Anagol, University of Pennsylvania
        Discussant: Vijaya Marietty, RMIT University [presentation]
10:10 - 10:20 Break
10:20 - 11:10 Can Business Groups Survive with Institutional Development? Theory and Evidence [paper][presentation]
Narahari Hansoge, IIM Bangalore, Poonam Singh, NISM, and Vijaya Marisetty, RMIT University
        Discussant: Rik Sen, Hong Kong University of Science and Technology [presentation]
11:10 - 12:00 Classification Shifting in the Cash Flow Statement: Evidence from India
Neerav Nagar, IIM Kolkata, and Kaustav Sen, Pace University
        Discussant: Mahesh Vyas, CMIE [presentation]
12:00 - 13:00 Lunch
Session II: Corporate governance, Debt contracts
13:00 - 13:50 The effects of foreign and government ownership on bank lending behavior during a crisis in Central and Eastern Europe [paper][presentation]
Franklin Allen, University of Pennsylvania, Krzysztof Jackowicz and Oskar Kowalewski, Kozminski University
        Discussant: Rajendra Vaidya, IGIDR [presentation]
14:00 - 14:50 Borrowing culture and debt relief : Evidence from a policy experiment [paper][presentation]
Sankar De, Shiv Nadar University, and Prasanna Tantri, ISB
        Discussant: Renuka Sane, ISI Delhi [presentation]
15:00 - 15:50 The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market [paper][presentation]
Xavier Gine, and Martin Kanz, World Bank
        Discussant: Chetan Subramanian, IIM, Bangalore
16:00 - 17:30 Roundtable: The NPS - past, present and the future

Chairperson: Ajay Shah, NIPFP
Gautam Bhardwaj, Invest India Micro Pension Services
Monika Halan, The Mint
Renuka Sane, ISI Delhi
19:00 - 21:00 Dinner
Talk: The changing landscape of Indian financial markets
U K Sinha, SEBI

21st December 2013

Session III: Markets and the economy
10:00 - 10:50 Anchor Investors in IPOs [paper][presentation]
Amit Bubna, ISB, and Nagpurnanand Prabhala, University of Maryland
        Discussant: Tarun Ramadorai, Said Business School [presentation]
11:00 - 11:50 Market quality in the time of algorithmic trading [paper][presentation]
Nidhi Aggarwal, and Susan Thomas, IGIDR FRG
        Discussant: Venky Panchapagesan, IIM, Bangalore [presentation]
12:00 - 12:50 An empirical index of Knightian Uncertainty [paper][presentation]
Sina Ehsani, Timothy Krause, and Donald Lien, University of Texas
        Discussant: Rohini Grover, IGIDR FRG [presentation]
12:50 - 14:00 Lunch
Talk: Financial reforms: A progress report and outlook
K. P. Krishnan, Dept. of Economic Affairs
Session IV: Markets and the economy
14:00 - 14:50 FX market illiquidity and funding liquidity constraints [paper][presentation]
Chiara Banti, and Kate Phylaktis, Cass Business School
        Discussant: Ajay Shah, NIPFP [presentation]
15:00 - 15:50 Defending against speculative attacks - It is risky, but it can pay off [paper][presentation]
Alexander Erler, University of Bayreuth, Christian Bauer, University of Trier, and Bernhard Herz, University of Bayreuth
        Discussant: Josh Felman, IMF [presentation]
16:00 - 17:30 Roundtable: Fragility in the Indian banking sector

Chairperson: Ajay Shah, NIPFP
Harsh Vardhan, Bain Consulting
Badri Narayan, Third Eye Capital
Susan Thomas, IGIDR FRG
17:30 - 17:45 Closing address

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