Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid Presenter: Ran Duchin, University of Michigan

Government Guarantees and Bank Risk Taking Incentives Presenter: Jörg Rocholl, European School of Management and Technology Discussant: Mitchell A. Petersen, Northwestern University

Too-Systemic-To-Fail: What Option Markets Imply About Sector-Wide Government Guarantees Presenter: Stijn Van Nieuwerburgh, NYU Stern School of Business

The Impact of Government Interventions on CDS and Equity Markets Presenter: Frederic Schweikhard, Goethe University Discussant: Stephen Schaefer, London Business School

Keynote: Systemic Risk Presenter: Robert F. Engle, NYU Stern School of Business, 2003 Nobel Prize In Economics

Sovereign Risk Measurement Methodologies Presenters: Richard Cantor, Moody's Corporation Edward I. Altman, NYU Stern School of Business

Financial Sector Linkages and the Dynamics of Sovereign and Bank Credit Spreads Presenters: David Lando, Copenhagen Business School

Capital Flows, Cross-Border Banking and Global Liquidity Presenters: Hyun Shin, Princeton University Discussant: Viral V. Acharya, NYU Stern School of Business