Market Risk & the Impact of Financial Volatility
Sacred Heart University, the Luxembourg Stock Exchange, the Chamber of Commerce of Luxembourg ,the American Chamber of Commerce and the CME Foundation will hold a conference on:
Friday, May 18th, 2012
Chambre de Commerce, Luxembourg
7, rue Alcide de Gasperi, Luxembourg-Kirchberg
Download the invitation here.
PROGRAM:
08:30 - 09:00 Registration
09:00 - 09:15 Welcome Remarks:
Laurent Koener, Policy Adviser, Department for Creation and Development of companies, Luxembourg Chamber of Commerce
Dr. Laura Niesen de Abruna, Provost and Vice-President for Academic Affairs, Sacred Heart University
Dr. Rupendra Paliwal, Interim Dean, J.F. Welch College of Business
09:15 - 09:45 Opening Keynote Address: Risk Management in the Era of Dissonance
Dr. Bluford H. Putnam, Chief Economist, CME Group
09:45 - 11:00 Session 1: Aftershocks from the European Sovereign Debt Crisis
Hedging Effectiveness of Credit Default Swaps for European Sovereign Bonds: A European Debt Crisis Review
Dr. Kwamie Dunbar, J.F. Welch College of Business, Sacred Heart University
Dr. Thomas Schröder, European Investment Bank and Sacred Heart University
Impact of the European Sovereign Debt Crisis on FX Counter-Party Risk
Dr. Richard Levich, Stern School of Business, New York University
Market structure and risk management in the central counterparties industry: a discussion of unintended consequences of the imposition of a centralized system
Dr. Serge Wibaut, Université Catholique de Louvain and Reacfin
Dr. Sykes Wilford, School of Business, The Citadel, Charleston, SC
11:00 - 11:15 Coffee Break
11:15 - 12:00 Session 2: Understanding Volatility and Forecasting in Challenging Markets
Impact of Market Forecasting Errors in Response to US Federal Reserve Interest Rate Policy Changes
Dr. Abu Amin, J.F. Welch College of Business, Sacred Heart University
Dr. Kwamie Dunbar, J.F. Welch College of Business, Sacred Heart University
Measuring and Forecasting Volatility in Treasury Bonds Markets
Dr. Lucjan T. Orlowski, J.F. Welch College of Business, Sacred Heart University
Dr. Bluford H. Putnam, Chief Economist, CME Group
12:00 - 14:00 Luncheon Keynote Address
Mr. Klaus Regling, President, European Financial Stability Facility
14:00 - 15:30 Panel Discussion: Systemic Risks in Europe
Moderator: Dr. Lucjan T. Orlowski, J.F. Welch College of Business, Sacred Heart University
Panelists:
Dr. Lucio Vinhas de Souza, Managing Director and Chief Sovereign Economist, Moody’s Investors Service
Dr. Alfred Steinherr, Professor and Academic Director, J.F. Welch College of Business Luxembourg
Dr. Serge Wibaut, Université Catholique de Louvain and Reacfin
Dr. Theoharry Grammatikos, Professor of Finance, Luxembourg School of Finance
15:30 – 15:45 Closing Remarks
Dr. Alfred Steinherr, Professor and Academic Director, J.F. Welch College of Business Luxembourg
*The conference organizers wish to give special thanks to the CME Foundation for providing research support grants for several of the papers presented in this seminar.
Participation Fees:
Full day conference & Keynote address with luncheon: €100
Keynote address with luncheon: €80
Conference only: €50
Sacred Heart University students and alumni should contact the Sacred Heart offices for student rates.
Participation fees can be transferred to Sacred Heart University BCEELULL LU66 0019 1007 3017 5000
Please RSVP by May 2nd to Antoine Rech arech@shu.lu.

Euro Crisis: Questions & Answers
Sacred Heart University, The Chamber of Commerce of Luxembourg, the Luxemburger Wort and the American Chamber of Commerce held a panel discussion on ''Euro Crisis: Questions & Answers''.
Dr. Armand Clesse - Director, Luxembourg Institute for European and International Studies
Dr. Christian Ghymers - Directorate General for Economic and Financial Affairs, European Commission
Mr. Pierre Leyers - Financial Editor, The Luxemburger Wort
Dr. Jean-Pierre Schoder - Head of Monetary Economics & Statistics, Central Bank of Luxembourg
Dr. Alfred Steinherr - Academic Director, Sacred Heart University Luxembourg
Mr. Carlo Thelen - Chief Economist and Head of the International Department, Chamber of Commerce of Luxembourg
Mr. Marco Wagener - Executive Advisor, Chambre des Salariés de Luxembourg
The panel answered the questions of the audience in English or French. Points of discussion, among others were:
Will the Euro survive?
How will the crisis be resolved?
Will the Euro remain a rival to the Dollar?
How will Luxembourg be affected?
Who is paying for the crisis?
Will there be more inflation?
Will there be a recession?
Will the North pay for the South?
Is European integration damaged?
Download invitation here.
View Presentation of Dr. Christian Ghymers
View Presentation of Dr. Alfred Steinherr
View Presentation of Mr. Carlo Thelen
View Presentation of Mr. Marco Wagener

The Euro: Pride & Prejudice
On Wednesday, November 2nd 2011 from 6 PM - 8 PM, Sacred Heart University together with BGL-BNP Paribas held a panel discussion on the Euro.
BGL BNP Paribas - 27, avenue Monterey, L-2163 Luxembourg
Jacques Santer, Former Prime Minister and President of the European Commission
The Euro: Political Past & Future
Thanos Skouras, Professor of Economics, Athens University
The Euro seen from the South
Alfred Steinherr, Academic Director, Sacred Heart University Luxembourg
The Euro seen from the North
Q & A
View Invitation View Presentation by Dr. Steinherr
If you are interested in participating in future events, please contact our Office Manager, Rachel Niebeling at rniebeling@shu.lu or +352 22 76 13 33.









