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WETA@TES November 2010 - 19 November 2010, Kuan Te Lecture Hall, Bldg. 1, College of Management
大家好!! 由於10月30日為臺灣經濟計量學會年會，10月份 WETA 暫停一次。11月份則將舉行兩場WETA，分別邀請到 University of Essex 的 Professor Giorgio Valente (11月19日) 及中央研究院經濟研究所的陳宜廷博士(11月26日)至 WETA 演講。
不同以往，11月份 WETA 特別邀請到國外學者 Professor Giorgio Valente 至 WETA 進行一場關於 Liquidity and Financial Markets。歡迎大家踴躍參加！也歡迎大家介紹非會員朋友加入台灣經濟計量學會與 WETA。*
地點：臺灣大學管理學院一號館 2F 冠德講堂
講題：Liquidity and Financial Markets: Key Issues and Recent Developments
講者：Professor Giorgio Valente (University of Essex)
Market microstructure is the study of the processes and outcomes of exchanging assets under explicit trading rules. Several studies in this area have proposed and investigated various important concepts from theoretical and empirical perspectives. Among those concepts, liquidity has been under the scrutiny of the academic community during the past 20 years. However, only after the recent 2007-2009 financial crisis, financial economists and policy makers have recognized the importance of liquidity for the correct functioning of financial markets. This lecture provides with an overview of the recent studies on financial markets’ liquidity and the major implications for asset prices, market efficiency and the macroeconomy (business cycle and monetary policy).
Concepts and definitions
Liquidity and asset prices
Liquidity and market efficiency
Liquidity and the macroeconomy
Liquidity and monetary policy
International liquidity and foreign exchange rates
Giorgio Valente is Professor of Finance at Essex Business School, University of Essex, UK. Giorgio Valente has published, among others, in the Journal of Business, the Journal of Financial and Quantitative Analysis, the Review of Finance, the Journal of the European Economic Association, the Journal of International Economics. His research focuses on international finance and global investments, empirical issues in asset pricing and fixed income and FX markets microstructure with a particular interest in FX determination and forecasting and the behavior of international interest rates. Giorgio is a regular visitor of several institutions including the US Federal Reserve, the Hong Kong Monetary Authority and the Bank for International Settlements.
For more information about Professor Valente, please go to his website:http://www.essex.ac.uk/ebs/staff/profile.aspx?ID=1863