Conference Announcement and First Call for Papers The Eleventh NYU Stern/ New York Fed Conference on Financial Intermediation May 6, 2016

A conference jointly sponsored by the Salomon Center of New York University’s Leonard N. Stern School of Business, the Federal Reserve Bank of New York, and the Review of Financial Studies (RFS).

Overview The goal of this conference is to enhance the interaction among researchers interested in financial intermediation. Submissions in all areas of financial intermediation will be considered (except papers already accepted for publication). In addition to the academic sessions, there will be a lunch panel on the topic “Where has the risk gone?” Banks seem to have reduced risk dedicated to a number of intermediation activities. Exactly how and in what business lines have banks reduced risk? Have other financial institutions filled these gaps? How does this risk shifting affect systemic risk?

Submissions Interested authors should submit a PDF version of their paper by going to: http://nyunyfedconf.stern.nyu.edu/ . The deadline for submissions is January 8, 2016.

Authors who would like to have their paper considered under the RFS dual-submission process must indicate this clearly by checking the appropriate box on the submission website. Details of the dual-submission process can be found below.

Authors of accepted papers will be notified in early March. The conference organizers will provide one night’s accommodation as well as financial support for travel expenses to authors whose papers are accepted for the conference.

Review of Financial Studies Dual Submission Option At the authors’ option, papers submitted to the conference will, in addition, be considered for publication at the RFS free of charge. The rules for the dual submission process are as follows: 1. Authors must expressly indicate interest in consideration by the Review of Financial Studies by checking the appropriate box on the submission website. 2. At the discretion of the RFS Sponsoring Editor (Philip Strahan), a small number of dual submissions will be invited to submit to the RFS. The RFS will waive the fee on such submissions, and have the submission formally reviewed. In these cases, authors will receive a copy of the RFS reviewer report(s). 3. Papers submitted for dual consideration must not be under review at another journal or the RFS, including as a dual-submission at another journal, nor can they be considered for dual submission if previously rejected by the RFS. 4. In the event that a dual submission that has been invited to submit to the RFS is subsequently rejected, its authors have the option to submit a future version of their paper to the RFS without prejudice. 5. While under consideration as a dual submission by the NYU/NY Fed Conference and the RFS, a paper may not be submitted to another journal (or the RFS) until the author has been notified of the dual submission outcome.

Conference Location New York University Stern School of Business 44 West 4th Street New York NY 10012

Conference Organizers Anna Kovner, Federal Reserve Bank of New York Alexander Ljungqvist, New York University Hamid Mehran, Federal Reserve Bank of New York Philipp Schnabl, New York University

2016 Program Committee Adriano Rampini, Duke University Amiyatosh Purnanandam, University of Michigan Anton Korinek, Johns Hopkins University David Sraer, UC Berkeley David Thesmar, HEC Efraim Benmelech, Northwestern University Florian Heider, ECB George Pennacchi, University of Illinois Greg Udell, Indiana University Gustavo Suarez, Federal Reserve Board James Vickery, Federal Reserve Bank of New York Justin Murfin, Yale University Manju Puri, Duke University Manuel Adelino, Duke University Martin Oehmke, London School of Economics Murillo Campello, Cornell University Philip Bond, University of Washington Ricardo Correa, Federal Reserve Board Robert Marquez, UC Davis Sam Hanson, Harvard Business School Steven Ongena, University of Zurich

Please address any questions to [email protected].