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Feb 21

2011 Call for Papers and Grants by IFM

Posted by abiao at 13:29 | Others | Comments(0) | Reads(15270)
Came back from the APFRS in Singapore yesterday, the conference was good, although it is more like an industrial one and therefore focuses more on the empirical side. The good thing of this conference is providing me chance to meet a few old friends and get to know new friends, perhaps we can find some topics to collaborate in the future, who knows? BTW, my working paper is accepted to be presented at the World Finance Conference in June, 2011 in Greece, but most likely I won't go there as my co-author won't attend due to some reason and I have to concentrate on my real PhD study.

Here is a good opportunity to research and receive awards I got to know during the conference, The Institute for Financial Markets (IFM), a nonprofit educational foundation and an independent affiliate of the Futures Industry Association, calls for paper for 2011, individual research studies will be subjected to a peer-review process and published in a special edition of the Review of Futures Markets, up to 5 selected proposals will receive awards from $10,000-$15,000, with area of research interest subject to:
1. A closer look at self-regulation
a. What are the pros/cons of self regulation?
b. What are the implications and/or threats to self regulation after Dodd-Frank?
c. Should SROs assume more regulatory responsibility?
2. Compare/contrast regulatory environments in Europe, US/North America, Asia
a. Does regulatory burden impact market share?
b. Do speculative limits shift market participation?
c. Would a U.S. transaction tax (or speculator tax) move markets abroad?
d. What are the effects of fragmented regulation?
e. Principle- vs. rules-based regulation?
3. Capital requirements
a. How does Dodd-Frank impact the firm’s cost of capital?
b. Compare and contrast Dodd-Frank vs. Basel III, and non-cleared swaps?
4. Effects of margin levels
a. Are initial margin levels (% of notional) correlated with volatility levels?
b. Compare/contrast arbitrageable exchange contracts margin levels: Does it drive business to other markets?
c. What is the impact of customer margin requirements and guaranty funds under various segregation models?
5. Clearinghouse risks
a. Compare the advantages/disadvantages of SPAN with VAR risk models?
b. Could a reduction of clearing members concentrate risk?
6. Dodd-Frank: Unintended consequences
a. If Dodd-Frank adds to both firm and end-user costs, at what point might the endusers conclude the cost of hedging has become too high?  
b. Will some firms retrench from the business as the regulatory burden grows?
c. What are the expected economic costs to the member firms for implementing each of the new rules from Dodd-Frank?
d. How would a diminished number of member firms impact end-user cost?
e. SEFs: Does too much competition fracture the markets?
f. Examine the incremental cost of implementing Sarbanes-Oxley (2002), as compared to the cost of implementing Dodd-Frank.  Are there unintended consequences that are indeed foreseeable?

Interested readers shall check in detail at http://theifm.com/education/IFM_Call_Papers_Grants_2011.pdf

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