Category: News

Oxford University Press presents the Responses to Economic Shocks Collection, featuring papers from RAPS, RCFS, and RFS. The following papers are included:

RAPS
-Preventing Controversial Catastrophes by Steven D. Baker, Burton Hollifield, and Emilio Osambela
-Economic Uncertainty and Interest Rates by Samuel M. Hartzmark

RCFS
-How Do Laws and Institutions Affect Recovery Rates for Collateral? by Hans Degryse, Vasso Ioannidou, José María Liberti, and Jason Sturgess
-The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn? by Anjan V. Thakor
-Macroeconomic Risk and Debt Overhang by Hui Chen and Gustavo Manso

RFS
-Uncertainty and Economic Activity: A Multicountry Perspective by Ambrogio Cesa-Bianchi, M. Hashem Pesaran, and Alessandro Rebucci
-Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship by Tania Babina
-Asset Price Bubbles and Systemic Risk by Markus Brunnermeier, Simon Rother, and Isabel Schnabel
-Shock Transmission Through Cross-Border Bank Lending: Credit and Real Effects by Galina Hale, Tümer Kapan, and Camelia Minoiu

The featured papers are free to read through the end of September on Oxford University Press’s web site.

Wei Jiang

Antoinette Schoar

On July 1, Antoinette Schoar became the SFS President and Wei Jiang became the SFS Vice President.

Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at the MIT Sloan School of Management. She also served in chairing roles for SFS Cavalcade North America from 2017-2019.

Wei Jiang is the Arthur F. Burns Professor of Free and Competitive Enterprise at
Columbia Business School. She was an editor of RFS from 2017 – 2019 and an associate editor from 2012 – 2015. She served in chairing roles for SFS Cavalcade North America in 2014 and 2015.

Please join us in welcoming Antoinette and Wei.

Josef Zechner

Tarun Ramadorai

Josef Zechner completed his term as Vice President on June 30. Before serving as Vice President, Josef was on the Council.

Tarun Ramadorai completed his term on the Council on June 30. He has taken on an editor role at RFS, and previously served as an associate editor at RFS.

We are grateful to Josef and Tarun for their service.

Craig Holden

Allaudeen Hameed

Craig Holden has been renewed as Secretary/Treasurer. He has served in this role since 2012.

Allaudeen Hameed has been renewed for another term on the SFS Council. He has served on the council since 2017.

Liyan Yang

Liyan Yang joined the SFS Council on July 1. He is the Peter L. Mitchelson/SIT Investment Associates Foundation Chair in Investment Strategy at the Rotman School of Management at the University of Toronto.

Laura Starks

We are extremely grateful to Laura Starks, who completed her role as SFS President on June 30. Since 1997, Laura has served in five different roles across the SFS and our journals. Her guidance and commitment have been invaluable. Prior to serving as President, Laura was SFS Vice President, SFS Council Chair, an editor of RFS, and an associate editor of RFS. We thank her for her dedication.

Videos of the keynotes and paper presentations at Cavalcade North America 2020 are now available on the Cavalcade web site. Our thanks to the Kelley Learning Media team at the Kelley School of Business at Indiana University for preparing the videos.

The Society of Financial Studies Council believes that we cannot remain silent about the continued acts of racism that exist in our society. We acknowledge the numerous voices of the peaceful protesters and are determined to not let this moment pass without contributing to a changed society. In particular, the future of a robust financial system lies on the path of justice and equity. We are actively investigating ways to participate.

The SFS is happy to announce that the Associate Chair for SFS Cavalcade North America 2021 will be Victoria Ivashina (Harvard Business School). Professor Ivashina joins Chair Ulrike Malmendier (UC Berkeley) and Vice Chair Andrea Eisfeldt (UCLA).