8:00 - 8:45	Continental Breakfast
8:45 - 8:50	Provost Kent Fuchs, Welcome
8:50 - 9:00	Karl Shell (Cornell), Introduction to Financial Fragility
Saturday morning chair:  Jim Peck (Ohio State University)
9:00 - 9:50	John Geanakoplos (Yale University) "Leverage Cycles and the Anxious Economy" (joint w/Ana Fostel)
9:50 - 10:40	Todd Keister (NY Fed) "Bailouts and Bank Runs"
10:40 - 11:00	Coffee Break
11:00 - 11:50	Ed Nosal (Chicago Fed) "Optimal Information Revelation in the Diamond-Dybvig Model: A Comment on Some Recent Literature" (joint w/Neil Wallace
11:50 - 1:10	Lunch
Saturday afternoon chair: Todd Keister (NY Fed)
1:10 - 2:00	Phil Dybvig (Washington University, St. Louis) "International Causes and Implications of the Crisis" (there will be no paper)
2:00 - 2:50	Koralai Kirabaeva (Bank of Canada) "The Role of Adverse Selection and Liquidity in Financial Crises"
2:50 - 3:05	Coffee Break
3:05 - 3:55	Julio Rotemberg (Harvard University) "Liquidity Needs in Economies with Interconnected Financial Obligations"
3:55 - 4:45	Marie Hoerova (ECB) "Liquidity, Hoarding and Interbank Market Spreads" (joint w/Florian Heider & Cornelia Holthausen)
7:00	Dinner at Ramin Parlor Room, Sage Hall (Only for out-of-town participants and specifically invited Cornellians.)

SUNDAY, September 27
Fleming Lecture Room - 226 Weill Hall

8:00 - 9:00	Continental Breakfast
Sunday morning chair: Marie Hoerova (ECB)
9:00 - 9:50	Chao Gu (Missouri) "Production, Hidden Actions, and the Payment System" (joint w/Mark Guzman & Joseph Haslag)
9:50 - 10:40	Randy Wright (University of Wisconsin) "Information, Liquidity, Asset Prices and Monetary Policy" (joint w/Benjamin Lester & Andrew Postlewaite)
10:40 - 10:55	Coffee Break
10:55 - 11:45	Douglas Gale (NYU) "Rollover Risk and Market Freezes" (joint w/Viral Acharya & Tanju Yorulmazer)
11:45 - 12:35	Adam Slawski (Penn State) "Heterogeneous Beliefs, Learning, and Speculative Trade in Hidden Markov Environment with Short Sale Constraints"
12:35 - 2:0	Box Lunch