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Financial Economists Roundtable

The Financial Economists Roundtable (FER) is a group of senior financial economists who have made significant contributions to the finance literature and seek to apply their knowledge to current policy debates. FER members meet annually to discuss policy issues concerning investments, corporate finance, financial institutions and markets, both in the U.S. and internationally. The statements they adopt are intended to increase the awareness and understanding of public policy makers, the financial economics profession, the communications media, and the general public.

Statements

2009 Statement: "Reforming the OTC Derivatives Markets"

2008 Statement: "Reforming the Role of the Statistical Ratings Organizations in the Securitization Process"

2007 Statement: "The International Competitiveness of U.S. Capital Markets"

2006 Statement: "Best Practices for the Design of Defined Contribution Pension Plans"

2005 Statement:: "Hedge Funds"

2004 Statement: "Accounting for Corporate Pensions"

2003 Statement: "The Controversy Over Excecutive Compensation"

2002 Statement: "The Crisis in Accounting, Auditing and Corporate Governance"

2001 Statement: "The Structure of Securities Markets"

2000 Statement: "The Future of the International Monetary Fund"

1999 Statement: "Long-Term Capital Management and the Report of the Presidents Working Group on Financial Markets"

1998 Statement: "Institutional Investors and Corporate Governance"

1997 Statement: "Social Security"

1996 Statement: "Risk Disclosure by Mutual Funds"

1995(2) Statement: "Accounting Disclosure About Derivative Financial Instruments"

1995 Statement: "The Structure of the NASDAQ Stock Market"

1994 Statement: "Derivatives Markets and Financial Risk"

1993 Statement: "Registration Requirements for Foreign Securities"

 

Financial Economists Roundtable
Description and Statement of Purpose

Bylaws

The history of the organization along with all statements issued from 1993-2008 may be found in:

The Financial Economists Roundtable, 1993-2008: The Kaufman Years

Administrative Office

Richard J. Herring
Executive Director
Wharton Financial Institutions Center
The Wharton School, University of Pennsylvania
2444 SHDH, 3620 Locust Walk
Philadelphia, PA 19104-6367
Tel: 215-898-5613
Fax: 215-898-1279
E-mail:  herring@wharton.upenn.edu

 

Current Members

Steering Committee

Tom Copeland Massachussetts Institute of Technology

Franklin R. Edwards* Columbia University

Wayne Ferson University of Southern California

Richard J.Herring* University of Pennsylvania

George G. Kaufman* Loyola University Chicago

Maureen O'Hara Cornell University

Anthony Santomero University of Pennsylvania

Chester Spatt Carnegie Mellon University

Stephen Schaefer London Business School

Hans Stoll Vanderbilt University

* Executive Committee

All Members

Rashad Abdel-Khalik University of Illinois at Urbana-Champaign	Martin J. Gruber New York University	Stephen Schaefer London Business School
Franklin Allen University of Pennsylvania	Larry Harris University of Southern California	Kenneth E. Scott Stanford Law School
Edward I. Altman New York University	Richard J. Herring University of Pennsylvania	Lemma W. Senbet University of Maryland
Harold Bierman Cornell University	Thomas Ho Thomas Ho Company	Jay Shanken Emory University
Marshall E. Blume University of Pennsylvania	William Curt Hunter University of Iowa	William F. Sharpe Stanford University
Charles W. Calomiris Columbia University	Ravi Jagannathan Northwestern University	Hyun Song Shin Princeton University
Willard T. Carleton University of Arizona	Kose John New York University	Robert J. Shiller Yale University
Andrew H. Chen Southern Methodist University	Edward J. Kane Boston College	Jeremy Siegel University of Pennsylvania
Jennifer Conrad University of North Carolina	George G. Kaufman Loyola University	Seymour Smidt Cornell University
Tom Copeland Massachusetts Institute of Technology	Jan Pieter Krahnen Center for Financial Studies and University of Frankfurt	Chester S. Spatt Carnegie Mellon University
Douglas Diamond University of Chicago	Alan Kraus University of British Columbia	Robert F. Stambaugh University of Pennsylvania
Elroy Dimson London Business School	Albert "Pete" Kyle University of Maryland	Laura T. Starks University of Texas at Austin
Darrell Duffie Stanford University	Dennis E. Logue Ledyard National Bank	Hans R. Stoll Vanderbilt University
Franklin R. Edwards Columbia University	Deborah J. Lucas Massachusetts Institute of Technology	Marti G. Subrahmanyam New York University
Robert A. Eisenbeis Cumberland Advisors	John J. McConnell Purdue University	Peter Tufano Harvard University
Robert F. Engle New York University	Maureen O'Hara Cornell University	James C. Van Horne Stanford University
Wayne Ferson University of Southern California	Rafael Repullo CEMFI	Ingo Walter New York University
Kenneth R. French Yale University	Jay R. Ritter University of Florida	Roman L. Weil University of Chicago
William N. Goetzmann Yale University	Jean-Charles Rochet University of Toulouse	Randolph Westerfield University of Southern California
Charles A. E. Goodhart London School of Economics	Anthony M. Santomero McKinsey & Company, Inc.	Josef Zechner Vienna University of Economics and Business Administration

Annual Meetings

July 17-29, 2010, Grand Hyatt Hotel, Newport, Rhode Island Minutes

July 18-20, 2009, Skamania Lodge, Washington Minutes

July 12-14, 2008, Glen Cove Mansion, Glen Cove, Long Island, NY, Minutes, page 122
 
July 14-16, 2007, San Diego, California Minutes, page 110

July 9-10, 2006, Bretton Woods, New Hampshire Minutes, page 97

July 10-11, 2005, Sonoma, CA Minutes, page 90

July 11-12, 2004, Niagara-on-the-Lake, Canada Minutes, page 83

July 13-14, 2003, Vancouver, Canada Minutes, page 75

July 14-15, 2002, Montreal, Canada Minutes, page 67

July 15-16, 2001, Park City, Utah Minutes, page 57

July 10-11, 2000, Bretton Woods, New Hampshire Minutes, page 50

July 12-13 1999, San Diego, California Minutes, page 43

July 1998, Boothbay Harbor, Maine Minutes, page 37

July 1997, Yountville, California Minutes, page 31

July 1996, Newport, Rhode Island

July 1995, Santa Barbara, California

July 1994, Napa, California

July 1993, Napa, California

FER at work

2010 Annual Meeting

Managing and Minimizing Systemic Liquidity Shocks

Newport, Rhode Island

FER at work

2009 Annual Meeting

Strengthening the Market for Derivatives

Skamania Lodge, Columbia River Gorge, Washington      .

 

 

2008 Annual Meeting

Site: Glen Cove Mansion Resort, Glen Cove, Long Island, NY

Dates: July 12-14

Topic: Securitization and credit-ratings under fire: Causes, effects and policy lessons.

Discussion Leaders: Ed Kane (chair), Ed Altman, Dick Herring, Charles Goodhart

FER at work

2008 Meeting

Securitization and Credit Ratings under Fire: Causes, Effects and Policy Lessons

Glen Cove Mansion, Glen Cove, Long Island, New York.

 

 2007 Annual Meeting

Site: San Diego Hilton Resort on Mission Bay, San Diego, California

Dates: July 14-16

Topic: The Global Competitiveness of U.S. Capital Markets

Discussion Leaders: Elroy Dimson, Franklin Edwards, Thomas Ho, Kenneth Scott

FER at work

2007 Meeting

The Global Competitiveness of U.S. Capital Markets

San Diego Hilton Resort on Mission Bay, San Diego, California

2006 Annual Meeting

Site: Mount Washington Hotel, Bretton Woods, N.H.
Dates: July 9-10, 2006

Topic: Designing the Optimal Defined Contribution Pension Plan

Discussion Leaders: Marshall Blume, Charles Goodhart, Robert Shiller

FER at work

2006 Annual Meeting

Designing the Optimal Defined Contribution Plan

Mount Washington Hotel, Bretton Woods, N.H.

Executive Director George Kaufman, Drafting Committee: Marshall Blume, Charles Goodhart, and Robert Shiller

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2005 Annual Meeting

Site: The Lodge at Sonoma, Sonoma, CA
Dates: July 10-11, 2005
Topic: Regulating Hedge Funds
Discussion Leaders: Frank Edwards, Ken Scott, Rob Stambaugh, and Jim VanHorne 

 

FER at work

2005 Meeting

Regulating Hedge Funds

The Lodge at Sonoma, Sonoma, CA

 

 

 

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2004 Annual Meeting

Site: Queens Landing Hotel, Niagara-on-the-Lake, Canada
Dates: July 11-12, 2004
Topic:"Accounting for Corporate Pensions"
Discussion Leaders: George Benston, Elroy Dimson, Dennis Logue, Katherine Schipper and Jeremy Siegel
Statement: In progress

FER at work

2004 Meeting
Accounting for Corporate Pensions
Queens Landing Hotel, Niagara-on-the-Lake, Canada

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FER in the press

2003 Meeting
The Controversy Over Executive Compensation
Hotel Listel in Vancouver, Canada

Newspapers and News Wires Publications:

The Wall Street Journal, 11/24/03
The Wall Street Journal Europe, 11/24/03
The Asian Wall Street Journal, 11/25/03
The Globe and Mail (Canada), 11/24/03
The Washington Times (UPI article), 11/24/03
St. Louis Post-Dispatch, 11/28/03
Corporate Weekly Digest, 12/5/03
Dow Jones News Wire, 11/24/03
United Press International, 11/24/03

 

FER at work

2003 Meeting
The Controversy Over Executive Compensation
Hotel Listel in Vancouver, Canada

 

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FER at work

2002 Meeting
The Crisis in Accounting, Auditing and Corporate Governance
Queen Elizabeth Hotel, Montreal Canada

 

 

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FER at work

2001 Meeting
        The Structure of Exchanges and Markets
        Grand Summit Hotel , Park City Utah  

 

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FER at work

2000 Meeting
Undoing the Damage
Mount Washington Hotel, Bretton Woods

FER Members in Gold Room

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