The Salem Center for Policy at the McCombs School of Business is pleased to host its second doctoral student symposium designed for Ph.D. candidates in finance, accounting, economics, and related disciplines, who are in the process of developing a financial markets research program. Students will engage researchers from leading universities, industry, and regulatory agencies to […]
Can Machine Learning in Finance Inform Clinical Decision Support?
Before I dive in, I think it makes sense to start with some level setting remarks about the definition of machine learning. I gave my first machine learning talk in 2015. At that time, Wikipedia defined the term as “the study of algorithms that could learn from data.” By 2018 their posted definition was “a […]
The Costs of Closing Failed Banks: A Structural Estimation of Regulatory Incentives
Full paper here.
Why Markets Should Stay Open
Dispelling the ostrich theory of market regulation Closing your eyes is a natural response to being scared. My kids do it during movies. And when I was a kid, I was taught that Ostriches do it when they sense danger. But the head-sand bury is a myth. [1] It is no more true than the […]
PhD Symposium Speaker Affiliations and Program 2020
9:55 am EDT / 6:55 am PDT / 2:55 pm BST. Introductory remarks• Scott Bauguess, University of Texas at Austin 10:00 a.m. Plenary 1 – The role of academic research in navigating the current crisis• Tobias Adrian, Financial Counsellor of the IMF• James Poterba, MIT and President of NBER• Jeremy Stein, Harvard University• Sheridan Titman, […]
PhD Symposium Speaker Affiliations and Program 2021
PROGRAM The two-day program will host four plenary sessions (all students) and eight special tracks (students select two) centered on unique areas of financial market regulation. Each track will host a 90-minute student paper presentation session and a 60-minute panel discussion on current industry trends and potential regulatory issues/considerations. WEDNESDAY, AUGUST 11 Welcoming address at 9:55 […]
Trading Complex Assets
Full paper here.
How will the SEC Respond to the March 9 Trading Halt?
Increasing fears over the coronavirus have combined with the emerging threat of an oil price war to trigger the first significant market-wide trading halt in 30 years. Circuit breaker rules were originally conceived following another Monday panic: the October 19 crash of 1987. Already there is discussion about broader SEC intervention. Bloomberg News had a […]