8:00 - 8:55	Light Refreshments (227 Food Service Area, ILR Conference Center)
8:55 - 9:00	Karl Shell (Cornell), Introduction and Welcome (229 ILR Conference Center)
Saturday morning chair:  Viktor Tsyrennikov (Cornell University)
9:00 - 10:00	(Penn State University)
10:00 - 10:10	Coffee Break (227 Food Service Area)
10:10 - 11:10	Karel Mertens (Cornell University) "The Role of Expectations in Sudden Stops"
11:10 - 12:10	(Penn State University)
12:15 - 1:15	Lunch (227 Food Service Area)
Saturday afternoon chair: Karel Mertens (Cornell University)
1:30 - 2:30	Sangeeta Pratap (Hunter College and the Graduate Center, City University of New York)
2:30 - 3:30	(Penn State University)
3:30 - 3:45	Coffee Break (227 Food Service Area)
3:45 - 4:45	Todd Keister (Research and Statistics Group, Federal Reserve Bank of New York)
6:00	Dinner at Karl & Susan Shell's                   All Penn State guests and invited Cornell participants. 917 Wyckoff Road, 607-272-3579

SUNDAY, September 23
229 ILR Conference Center

8:00 - 9:00	Light Refreshments (227 Food Service Area)
Sunday morning chair: Ruilin Zhou (Penn State University)
9:00 - 10:00	Huanxing Yang (Ohio State University) "Investment Cycles, Strategic Delay, and Self-Correcting Cascades"
10:00 - 10:10	Coffee Break (227 Food Service Area)
10:10 - 11:10	(Penn State University)
11:10 - 12:10	Viktor Tsyrennikov (Cornell University) "Contingent Bonds and Default in Emerging Economies"
12:10 - 1:10	Box Lunch (227 Food Service Area)