2022 Stern Microstructure Meeting Program

Program for the Stern/Salomon Microstructure Meeting, Friday, May 13, 2022


Program Committee	Tarun Chordia, Goizueta School, Emory University Joel Hasbrouck, Stern School, NYU Paolo Pasquariello, Ross School, University of Michigan Gideon Saar, Johnson School, Cornell University Clara Vega, Federal Reserve Board Liyan Yang, Rotman School, University of Toronto

The Stern/Salomon Microstructure Conference is open to everyone with an interest in market microstructure research.

This year the meeting is virtual, on Zoom. The plan is for six papers arranged in one-hour slots, from 8:55 am to 4:45 pm (Eastern US time).
The timing will be 20/15/10 (presenter/discussant/Q&A). After the "formal" ten-minute Q&A, there will be fifteen minutes of extended Q&A/break.

REGISTRATION LINK [If this link is blocked, please RSVP to salomon@stern.nyu.edu]

Further details on the conference and registration will be posted on this site.

Eastern US Time
8:55	Welcome
9:00	Chair: Clara Vega Liquidity Derivatives Matteo Bagnara, Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt am Main; Ruggero Jappelli, Leibniz Institute for Financial Research SAFE. Goethe University Frankfurt am Main. Discussant: Dion Bongaerts, Rotterdam School of Management, Erasmus University
10:00	Chair: Paolo Pasquariello Bond Price Fragility and the Structure of the Mutual Fund Industry Mariassunta Giannetti, Stockholm School of Economics; Chotibhak Jotikasthira, Southern Methodist University. Discussant: Yi Li, Board of Governors of the Federal Reserve System
11:00	Chair: Tarun Chordia Constrained Dealers and Market Efficiency Wenqian Huang, Bank for International Settlements; Angelo Ranaldo, University of St.Gallen; Andreas Schrimpf, Bank for International Settlements; Fabricius Somogyi, University of St.Gallen Discussant: Briana Chang, Wisconsin School of Business
12:00-12:30	Mid-day break
12:30	Chair: Joel Hasbrouck The Optimal Price of a Stock: A Tale of Two Discretenesses Sida Li, University of Illinois at Urbana-Champaign; Mao Ye, University of Illinois at Urbana-Champaign Discussant: Markus Baldauf, Sauder School, University of British Columbia
1:30	Chair: Liyan Yang Comparing Search and Intermediation Frictions Across Markets Gabor Pinter, Bank of Canada; Semih Uslu, Johns Hopkins University Discussant: Ana Babus, Washington University
2:30	Chair: Gideon Saar Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks Anantha Divakaruni, University of Bergen; Peter Zimmerman, Federal Reserve Bank of Cleveland Discussant: Toomas Laarits, Stern School, New York University
3:45	Adjourn