財金研究講座與專題演講

Dr. Jin-Chuan Duan (段錦泉博士)財金研究講座與專題演講主辦時間：2011年2月22日（二）、25日（五）（共兩場）主辦單位：台灣大學財金系所地點：管理學院一號館3樓 玉山廳主講貴賓：段錦泉博士 (中央研究院院士、臺大財金特聘研究講座教授) 適合參加對象：各校財金界學者及碩博士班研究生與一般大眾Jin-Chuan DuanDirector of Risk Management Institute &Cycle & Carriage Professor of FinanceNational University of SingaporeE-mail: bizdjc@nus.edu.sg

第一場Feb. 22（二）10:10~12:10適合對象：一般大眾與大學部碩士班學生題目：“Risk Implications of Pro-cyclical Relative Asset Pricing” 摘要：The pro-cyclical effects arising from the dynamic interactions between the financial and real sectors of the economy may amplify business cycle fluctuations and contribute to financial instability. Elements of macroeconomic and regulatory policies may have contributed to these effects. The commonly accepted practice of relative asset pricing in financial transactions and accounting is one important source of pro-cyclicality. Prof Duan will be speaking on the impact of pro-cyclicality arising from asset valuation, how this often exacerbates risks or impacts business operations at FIs during down cycles and what this means for risk management at FIs (i.e. how should FIs calibrate their risk management approaches to account for the effects of pro-cyclicality).　In addition, Prof Duan will also be commenting on the extent to which pro-cyclicality　was observed in the recent financial crisis and share his views on how policies from a macro perspective can help to dampen the effects of pro-cyclicality.

第二場Feb. 25（五）10:10~12:10適合對象：博士班學生 題目：Local Momentum Autoregression with an Application to Interest Rate Term Structure