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...and Jeffrey D. Kubik, Syracuse University, "Do Arbitrageurs Amplify Economic Shocks?"

Discussant: Michael Rashes, Bracebridge Capital

John Y. Campbell, Harvard University and NBER, and Jens Hilscher and Jan Szilagyi, Harvard University, "In Search of Distress Risk" (NBER Working Paper No. 12362)

Discussant: Tyler Shumway, University of Michigan

Andrea Frazzini, University of Chicago, and Owen Lamont, Yale University and NBER, "The Earnings Announcement Premium and Trading Volume"

Discussant: Steven Heston, University of Maryland

David Hirshleifer and Slew Hong Teoh, University of California, Irvine, and Sonya Seongyeon Lim, DePaul University, "Driven to Distraction: Extraneous Events and Underreaction to Earnings News"

Discussant: Stefano Della Vigna, University of California, Berkeley and NBER

Robin Greenwood, Harvard University, and Stefan Nagel, Stanford University and NBER, "Inexperienced Investors and Speculative Bubbles"

Discussant: Jeremy C. Stein, Harvard University and NBER

Massimo Massa and Lei Zhang, INSEAD,...

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The Risks of Financial Institutions.(Bureau Books), December 22, 2006

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