• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Carsten Sprenger: ‘For Us, the Conference on Financial Economics is the Event of the Year’

Carsten Sprenger
Carsten Sprenger
The Second International Moscow Finance Conference took place recently at the HSE International College of Economics and Finance. Carsten Sprenger, Head of the HSE Laboratory of Financial Economics and one of the conference’s organizers, told us about the event.

— What was the selection procedure for conference papers?

— Together with Christian Julliard, our Laboratory’s Co-Director from the London School of Economics, we collected applications from our staff members. We invited international guests who are specifically interesting to us. It was very helpful that Christian personally knows many renowned international financial economists. The process was largely informal. A key feature of our conference is that invited participants at the same time play the role of reviewers for papers by our staff.  This channel of interaction is very important for us.

— Didn’t you want to narrow the scope of the conference topic?

No, we didn’t want to artificially narrow down the theme. Financial economists, including those working for our laboratory, work in different areas of research. And if we organize a conference only about, for example, financial market microstructure, we cut off too many researchers in other financial economic sectors whose studies deserve attention. The specific focus of any conference is determined by another reality: it turns out that empirical work is now mainly focused on developing markets. This topic is rather noticeable in the papers. However,, this at least can be  explained by the fact that the conference took place in Russia. For example, this time we had very interesting presentations on Russian banks and the effects of monetary policies in developing countries.

— What other presentations could you mention?

— The presentations were very different, both theoretical and applied, and they were distributed in five sessions. I want to specially mention the Asset Pricing and Portfolio Choice session. It was opened by Dmitry Livdan from the Haas School of Business, University of California, Berkeley. He wrote an interesting empirical paper about whether institutional investors use information unavailable to other market participants. This is a very delicate problem. Livdan, together with his co-authors, gathered a huge database, and proved that institutional investors in their contracts really do rely on data unknown to other market players. This result is very important, both empirically and for financial theory.

— How do you evaluate the papers by the staff of the Laboratory of Financial Economics?

— The papers by our staff presented at the conference really deserved their audience. I believe that our authors have received interesting feedback, which will help them improve their research and publications. By the way, the advice they received regarding publications in international peer-reviewed journals will also be very useful. Generally, for our laboratory this conference is probably the main event of the year – it gives a powerful incentive to all of our work.

— The conference included a special ‘in memoriam’ session for Sudipto Bhattacharya, economist and professor of the London School of Economics.

— Sudipto Bhattacharya was one of the most renowned economists, a professor at LSE who in 2008 read a short course at the HSE ICEF as part of the master’s programme on financial economics, and also gave a public lecture in Moscow. Unfortunately, Sudipto Bhattacharya passed away this August. It was amazing how early in the beginning of the financial crisis he foresaw the problems of the global economy we later faced.  The professor’s co-authors and colleagues shared their memories about working with him, which resulted in an interesting discussion about creativity and people in our profession, and about how this profession works.

— What can you say about your work in Russia and with Russian colleagues?

— I’m working with Russian colleagues not only at ICEF, but also at the HSE Faculty of Economics, and I see our cooperation as fruitful. Russian colleagues know more about the local institutional environment, and colleagues from Western countries bring in new methods of research. This is a mutually enriching process.

Oleg Seregin, HSE News Service

See also:

ICEF Master’s Programme: Financial Experts Today

On November 13, 2016, the Master’s Programme in Financial Economics will hold an Open House. Maksim Nikitin, Academic Supervisor of the programme, spoke to the HSE News Service about who contemporary financial experts are and where ICEF Master’s graduates find jobs today.

Recent ICEF Graduate Reflects on Experience

Vasily Bogdan, a native of Ukraine who came to Moscow to study at the Moscow Institute of Physics and Technology, recently graduated from the 2-year Master’s programme at the International College of Economics and Finance (ICEF). He recently spoke with the HSE news service about his rich experience in the programme and his plans for the future.

From Riga to Moscow: ICEF Attracts Globally Minded Students

By its nature, the Master’s programme at the International College of Economics and Finance (ICEF) is an international programme, having been founded by the Higher School of Economics and the London School of Economics and Political Science. Since it was established in 2007, one of its greatest strengths has been its ability to attract talented Russian and international students alike.

‘Our Programme Keeps Developing!’

Maxim Nikitin, HSE Professor and Academic Supervisor of the ICEF Masters Programme in Financial Economics, tells us about the programme’s achievements and innovations, about its intake procedure in 2015, and about the 2014 and 2015 graduates.

CIS Countries' Education Quality Assessment Systems Have a Lot in Common

On November 7-9, Astana hosted the third International Conference of the Eurasian Association for Educational Assessment (EAOKO), one of the organizers of which was HSE's Institute of Education.

Economists and space for research

In St. Petersburg, the third international conference ‘Industrial Organization and Spatial Economics’, organized by the HSE’s “International Laboratory for the Theory of Markets and Spatial Economics” has come to an end. The participants talked about how to study competition, the similarities and differences of regional economies, and whether it is possible to create a robot-economist.

HSE Professors on How to Protect Spaceships

At the end of July, Professor Andrey Tyutnev of HSE’s Moscow Institute of Electronics and Mathematics  (MIEM) became the only Russian presenter at the13th Spacecraft Charging Technology Conference organized in California under the auspices of NASA. Professor Tyutnev presented two reports prepared with colleagues from the Higher School of Economics and the Lavochkin Research and Production Association.

Young Political Scientists from the HSE Take Part in Organizing Conference in Austria

A young scientists’ conference organized by the European Consortium for Political Research recently took place at the University of Innsbruck (Austria). Students of the HSE Institute of Education’s Master’s programme on Contemporary Political Conflicts organized a session called ‘Political Power & Foreign Policy Analysis’.

An Excellent Platform for Academic Debate and Public Education

Dr. Marek Dabrowski, CASE Fellow at the CASE — Center for Social and Economic Research in Warsaw, Poland, has participated in every HSE April Conference since 2001, missing just the 2000 inaugural event.  A professor with decades of experience in the field of economics, Dr. Dabrowski’s current areas of expertise range from monetary and fiscal policies and political economies in transition to perspectives on European integration and European Neighborhood Policy. In advance of next week’s XV HSE April Conference, Dr. Dabrowski kindly took part in a brief interview with the HSE News Service.

Moscow Can Be an International Financial Centre

This autumn, the Third International Moscow Finance Conference will take place at the HSE, on the 8th and 9th November, 2013. One of the keynote speakers is Rajnish Mehra, Emeritus Professor at the University of California, Santa Barbara. We spoke to Professor Mehra ahead of his visit and asked him about the conference and his work.