Monday, April 29, 2013

The U.S. Deficit and its Implication on the U.S. Growth




This coming Thursday May 2nd Professor James C VanHorne will honor us by his visit to the session to talk about "The U.S. Deficit and its Implication on the U.S. Growth".  

Monday, April 22, 2013

The role of designated market makers in the new trading landscape

This week Ari Dyckovsky will be presenting on "The role of designated market makers in the new trading landscape". For more information on the topic, check the below presentation and the related paper "The role of designated market makers in the new trading landscape"  written by Evangelos Benos and Anne Wetherilt of the Bank's Payments and Infrastructure Division.


Thursday, April 18, 2013

Buying Volatility

Today Tyler Brown will be presenting "Buying Volatility", here is a brief description of the talk.

Establishing a long position in an equity (or any other asset class) is relatively straightforward; a more complicated strategy is balancing a portfolio's holdings to profit specifically from an asset or group of assets' volatility or lack thereof. How does a portfolio manager "buy volatility?" There are a number of different hedging strategies with different payoff potentials that take advantage of writing options, buying options, and/or holding the underlying asset. I discuss some of these strategies within the context of put-call parity.

Further related reading : http://www.cs.princeton.edu/courses/archive/fall09/cos323/papers/black_scholes73.pdf

Thursday, April 11, 2013

Bank Dominance: Financial sector determinants of sovereign risk premia

Mohit Thukral a senior Stanford undergraduate at the Department of Economics will be presenting his Honors Thesis today in the finance121 session. His paper is titled Bank Dominance: Financial sector determinants of sovereign risk premie.


Friday, April 5, 2013

Thursday, April 4, 2013

Aligning Incentives at Systemically Important Financial Institutions

Darrell Duffie started the Finance121 Spring quarter with a discussion on "Aligning Incentives at Systemically Important Financial Institutions".  You can refer to the paper here.