Joint Inaugural Lectures of the Luxembourg School of Finance
Publié le mardi 16 novembre 2010
The joint Inaugural Lectures of LSF-Members Thorsten Lehnert, Professor of Finance, and Theoharry Grammatikos, Professor of Corporate Finance, will take place on 6 December. Thorsten Lehnert: “Fostering derivatives research to prevent the next financial crisis”Every catastrophe needs its villains. The derivatives markets have been accused lately for being the devil in the recent financial crisis . Derivatives were criticized to have become instruments of financial speculation; as such they have destabilized the financial system and catalyzed the ongoing economic crisis. Understanding derivatives trading and its role in the crisis is essential to successfully refining the practice of finance. The research agenda that will be presented includes topics like the behavioural heterogeneity in option trading, the econometrics of option pricing, information flows across stock-, options-, and credit derivative markets and applications of derivative pricing approaches to quantify and monitor financial stability. Thorsten Lehnert (1970) is Professor of Finance at the Luxembourg School of Finance at the University of Luxembourg since October 2009. Before he joined the University of Luxembourg, he served as director of the research master program at Maastricht University, board member of the Maastricht Research School of Economics of Technology and Organizations and academic advisor to the Dutch Ministry of Finance. Theoharry Grammatikos: “Finance in the exciting age of the web”The quantum leaps of the web in the last few years have enabled easy access to existing data and other publicly available information, while at the same time created an enormous platform for generating new data/information at an unprecedented volume and pace. These changes, in turn, have inspired the development of various new data mining methods that facilitate the extraction of valuable quantitative information from the mass of data stored in web search engines (e.g., Google, Yahoo), in discussion boards, in social networks (e.g., Facebook, Tweeter etc), and various e-businesses (e.g., e-Bay, Amazon etc). What do these disruptive technologies mean for finance, in general, and academic research in finance more specifically? Professor Grammatikos (1954) engaged in the “publish or perish” effort at the University of Wisconsin-Madison, after short assignments at NYU, Hofstra University and the University of Piraeus, Greece. He did not “perish” because he managed to “publish” his work at the Journal of Finance, Journal of Business, Journal of Monetary Economics and Journal of Banking and Finance among others. He then joined the European Investment Bank before coming to the LSF in September 2009. ---
|
|
|
