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December 5, 2006
On November 3-5, 2006 LSU hosted the 5th Advances in Econometrics
Conference. The title of the conference was Advances
in Econometrics: Econometrics of Risk Management.
Risk Management is a field of study related to
financial markets and the modeling of financial
risk. In particular it addresses questions of
how to price derivative securities in an environment
of uncertain and changing market volatility, how
to gauge the probability of default of bonds and
securities, and the real-time estimation of the
value-at-risk in portfolios of risky assets.
The conference was sponsored by the Departments
of Economics and Finance, the Division of Economic
Development and Forecasting, and Louisiana State
University’s Ourso College of Business.
Carter Hill (Economics) and Dek Terrell (Economics)
served as the local organizers of event, which
was held at the Lod and Carole Cook Conference
Center. A series of 9 academic papers were presented
by visiting scholars from Universities such as
the University of Cambridge, Ecole des Mines de
Paris, Stanford, University of California-Irvine,
University of California-Santa Barbara, Utah and
Florida State University; and private sector firms
including NumeriX and BNP Paribas. LSU faculty
members Eric Hillebrand (Economics), Don Chance
(Finance) and Jimmy Hilliard (Finance) made a
presentation to the conference. The conference
was also attended by advanced graduate students
in Economics and Finance from LSU, Southern Methodist
University, University of California-Irvine, and
Stanford.
These papers, and others, will be published by
Elsevier in Advances in Econometrics: Econometrics
of Risk Management (Volume 22, 2007), co-edited
by Professors Tom Fomby of the Department of Economics
at Southern Methodist University, Jean-Pierre
Fouque of the Department of Statistics & Applied
Probability at the University of California at
Santa Barbara and Knut Solna of the Department
of Mathematics of the University of California
at Irvine.
Professor Thomas B. Fomby (Economics Department,
Southern Methodist University) and Professor R.
Carter Hill (Economics Department, Louisiana State
University) serve as the senior co-editors of
the Advances in Econometrics series. The research
annual’s editorial policy is to publish
papers that are in sufficient detail so that econometricians
who are not experts in the topics of the volume
will find them useful in their research. The purpose
of the conference is to bring together authors
of papers, a small and highly regarded collection
of scholars, for discussion, debate and feedback.
Complete details on the conference can be found
at http://www.bus.lsu.edu/hill/aie/aie_conference_2006.htm.
Wendy Osborn Luedtke
LSU E. J. Ourso College of Business
225/578-8865 |
