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INTERNATIONAL CONFERENCE
 
C. R. E. D. I. T.  2009
Credit Risk,  Financial Crises, and the Macroeconomy 
Venice, Italy
24 - 25 September 2009
 
GRETA Associati (Venice, Italy), Intesa Sanpaolo (Milan, Italy), Lince (Milan, Italy), Finanziaria Internazionale (Conegliano, Italy), Financial Innovations (Milan, Italy) and Bank of Italy (Venice, Italy) are co-sponsors of a Conference to be held in Venice on September 24-25, 2009. The objective of the Conference is to bring together academics, practitioners and PhD students working in the area of credit risk modeling to discuss credit risk at a time of financial crisis and the impact of macroeconomic factors on pricing risky debt, financial distress, recovery rates, and banking stability.  The conference will provide an opportunity for participants engaged in research at the forefront of this area to discuss both the causes and implications of recent events in financial markets and may, in turn, suggest fruitful directions for future research. The Conference, organised under the auspices of the Department of Economics of the University Ca’ Foscari of Venice and ABI - Italian Banking Association, is the eighth of a series dedicated to various aspects of credit risk.

The organizers encourage submissions of papers on any topic within the overall theme of the conference and in the following areas in particular:
- Impact of the financial crisis and banking instability on credit markets;
- Credit risk and business cycles;
- The interplay between the real and financial sides of the macroeconomy;
- Modeling the economics of financial crises.
 
 The Scientific Committee for the Conference consists of:

· Ilya Strebulaev, Graduate School of Business, Stanford University, Programme Chair
· Viral Acharya, New York University, London Business School & CEPR
· Monica Billio, University of Venice and GRETA
· Darrell Duffie, Graduate School of Business, Stanford University
· Robert Goldstein, Carlson School of Management, University of Minnesota
· David Lando, Copenhagen Business School
· Stephen Schaefer, London Business School
· Allan Timmermann, Rady School of Management, University of California San Diego
 
CALL FOR PAPERS

The final program will include both submitted and invited papers. Acceptances received from invited speakers include Martin Hellwig (Max Planck Institute), Francesco Garzarelli (Goldman Sachs), Christopher Mayer (Columbia Business School), and Ken Singleton (Graduate School of Business, Stanford University).. The Conference will also feature a panel discussion on researchers' and practitioners' views of the major outstanding problems.

Those wishing to present a paper at the Conference should submit completed versions or extended abstracts by May 15, 2009 to the address given below (preferably in electronic format). Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 15, 2009. The final version of accepted papers must be received by July 31, 2009.

A special issue of the Journal of Applied Econometrics will, with the consent of the authors, publish selected papers from the conference, after a regular refereeing process.

Please send papers or extended abstracts to:

GRETA Associati
San Polo, 2605 - 30125 Venice, ITALY
Phone : +39 041 5238178 - Fax : +39 041 5286166
e-mail: [log in to unmask]

REGISTRATION AND ACCOMMODATION
 
To register for the Conference you are requested to complete the registration form that will be soon available on our website ( www.greta.it/credit/credit2009/credit2009.htm ).
 
Registration fees are:
                       
                         Early registration                                  Late registration
                          (by 20 July 2009)                                 (after 21 July 2009)
 
Academics:            250 Euro (+ VAT 20%)                                   300 Euro (+ VAT 20%)
Practitioners:       750 Euro (+ VAT 20%)                                   900 Euro (+ VAT 20%)
PhD Students*:         50 Euro (+ VAT 20%)                                   100 Euro (+ VAT 20%)
 
For participants presenting a paper there are no fees.
*Students will have to provide valid proof of their student status.
 
The registration fees cover:
- Admission to all scientific sessions
- Lunches and coffee service during the meeting
- Conference package
 
The registration fees do not fully cover the conference dinner on Thursday, September 24 for which there is a charge of 70 Euro for each attending person (participants as well as accompanying persons).
 
ACCOMMODATION
 
We offer pre-booked accommodation. This accommodation is available on a first come-first served basis and, due to the high demand for accommodation in Venice at the time, cannot be guaranteed after July 20 2009. We strongly recommend that you make your booking early.
 
IMPORTANT DATES
 
May 15, 2009: Deadline for submission of papers
June 15, 2009: Decisions regarding acceptance
July 20, 2009: Deadline for early registration and guaranteed accommodation
July 31, 2009: Deadline for sending of complete version of accepted papers
 
For more detailed information (registration, accommodation, Conference venue), please refer to the Conference website:
www.greta.it/credit/credit2009/credit2009.htm