Daniel Bergstresser
Conference Co-Chair
dberg@brandeis.edu
(781) 736-5007

Richard Ryffel
Conference Co-Chair
richardryffel28@webster.edu
(314) 515-2672

Elisabeth Mathieu
Senior Program Administrator
emathieu@brandeis.edu
(781) 736-8542

Brandeis International
Business School
Mailstop 032
P.O. Box 549110
Waltham, MA 02454-9110
ibscenters@brandeis.edu
(781)-736-2178

Agenda


7:00-8:00am

Hassenfeld Conference Center

Registration

8:00-8:30am

Sherman Hall, Hassenfeld

Opening Keynote

 James Lebenthal, Lebenthal & Co.

8:30-9:25am

Sherman Hall, Hassenfeld

Joint Session: Municipal Bond Ratings

8:35-9:00am

Competition in credit ratings presented by Todd Milbourn, Washington University in St. Louis

9:00-9:25am

A public sector rating framework presented by Marc Joffe, PF2 Securities

  • Moderated by Lori Raineri, Government Financial Strategies, Inc.

9:35-10:35am

Luria Room, Hassenfeld

Concurrent Session: Political Economy and the Municipal Bond Market

9:35-10:00am

Elected versus appointed policymakers: Evidence from city treasurers presented by Alex Whalley, University of California, Merced

10:00-10:35am

Demographic fractionalization and the municipal bond market presented by Randy Cohen, MIT Sloan School of Management

9:35-10:35am

Sherman Hall, Hassenfeld

Concurrent Session: Liquidity and Trading

9:35-10:00am

Liquidity in the municipal bond market presented by Erik Sirri, Babson College

10:00-10:35am

Liquidity and new issue pricing in the municipal bond market presented by John Chalmers, University of Oregon

10:35-10:45am

Hassenfeld Conference Center

Refreshment Break

10:45-11:45am

Sherman Hall,
Hassenfeld

Joint Session: Disclosure and Transparency

10:45-11:15am

Disclosure frequency and efficiency in public capital markets presented by Justin Marlowe, University of Washington

11:15-11:45am

Accounting restatements, governance, and municipal debt financing presented by Angela Gore, George Washington University

11:45-12:40pm

Sherman Hall, Hassenfeld

Luncheon Keynote

Steven Grossman, Treasurer and Receiver General, Commonwealth of Massachusetts



12:45-1:45pm

Sherman Hall, Hassenfeld

Concurrent Session: Financial Innovation

12:45-1:15pm

Lowering borrowing costs through CommonMuni presented by Andrew Ang, Columbia University

1:15-1:45pm

Dealer networks presented by Dan Li, Board of Governors of the Federal Reserve Board

  • Moderated by Tim Coffin, Breckinridge Capital Advisors

12:45-1:45pm

Luria Room, Hassenfeld

Concurrent Session: Municipal Bond Issuance Process

12:45-1:15pm

An empirical investigation of municipal bond underwriting fees presented by Martin Luby, DePaul University

1:15-1:45pm

Underwriting, brokerage, and risk in municipal bond sales presented by Mark Robbins, University of Connecticut

  • Moderated by Tom Kozlik, Janney Montgomery Scott LLC

1:45-2:00pm

Hassenfeld Conference Center

Refreshment Break

2:00-3:00pm

Sherman Hall,
Hassenfeld

Joint Session: The Financial Crisis

2:00-2:30pm

California and Greece presented by Gabriel Petek, S&P

2:30-3:00pm

Diversity & Risks of Municipal Bonds presented by Robert Doty, American Government Financial Services

3:00-3:05pm

Sherman Hall,
Hassenfeld

Closing Remarks