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Caroll Capital Hed

Extra credit

Randall Kroszner and Robert MertonFederal Reserve Governor Randall S. Kroszner and Harvard Business School professor Robert Merton, winner of the 1997 Nobel Prize in economics, were among the presenters at the Carroll School’s annual Center for Asset Management Finance Conference, held June 5 and 6. Leaders from some of the world’s largest asset management companies participate in the center’s programs, whose purpose is “to promote synergy among practitioners and academics in the investment field.” This year, some 200 participants—roughly 60 percent practitioners and 40 percent academics—shared views on investing and portfolio management topics. “Finance is special as an academic field because research is very relevant to market practice,” says Philip Strahan, John L. Collins, SJ, Professor of Finance at the Carroll School, a former student and colleague of Kroszner’s, and a specialist on the lending industry, who helped organize this year’s gathering.

View “Financial Market Developments and Credit Conditions,” by Federal Reserve Governor Randall S. Kroszner

View “Observations on Credit Contagion,” Robert Merton’s keynote address