Quantitative Methods in Finance (QMF 2016) Conference

December 13-16, Sydney

QMF 2015 will be held in Sydney in December 13-16 at Hilton Hotel, Sydney. This will be the 24th conference in this annual series, which has been bringing together many researchers from all over the world. The conference features an outstanding and high profile line-up of invited plenary speakers delivering some of the leading research in the field.

FURTHER INFORMATION: For Program, Pre-Conference Workshop and more details see: http://www.qfrc.uts.edu.au/qmf

REGISTRATION: For registration (Early bird deadline 15 September 2015) see: https://www.conferenceonline.com/bookingform/index.cfm?page=booking&object=conference&id=20641&bookingid=0&categorykey=A18A69AB-E913-4090-A015-0D6D9A31D489&CFID=1433399&CFTOKEN=e984be8dcc86e9da-729D9CA2-0AA9-B89D-D55E2A14ADD4267E

PAPER SUBMISSION PROCEDURE: Paper Submission (Deadline: 1 May 2016): See: https://www.conferenceonline.com/abstract/alogin/?clear=1&warehouse_id=1364

“Supervision, Market Discipline and the Challenge of Bank Profitability” Eighth International Banking Conference

October 24th, 2016, Bocconi University

Call for papers on “Supervision, Market Discipline and the Challenge of Bank Profitability” Eighth International Banking Conference.

Organized by Bocconi Baffi CAREFIN

Sponsored by Intesa-Sanpaolo

The BAFFI CAREFIN Centre for Applied Research on International Markets, Banking, Finance and Regulation at Universita Bocconi in Milan (Italy) announces a call for papers for its eighth International Banking Conference, to be held at Bocconi University on October 24th, 2016.

KEYNOTE SPEAKER: Danielle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM)

Viral Acharya, New York University and NBER
Elena Carletti, Universita L. Bocconi and CEPR
Mark Flannery, University of Florida
Paolo Fulghieri, University of North Carolina and ECGI
Nicola Gennaioli, Universita L. Bocconi
Philipp Hartmann, European Central Bank
Iftekhar Hasan, Fordham University
Steven Ongena, University of Zurich, Swiss Finance Institute and CEPR
George Pennacchi, University of Illinois

TOPICS: We are particularly interested in theoretical or empirical papers addressing the issue of banking supervision and market discipline, and the challenge of restoring bank profitability in a context of low rates, moderate growth and economic uncertainty while controlling the level of risk taking. We will consider topics which include, but are not limited to, the following:
– Regulatory supervision and enforcement: design and challenges.
– Effects of low or negative interest rates on banks’ profitability and funding.
– The interaction of market discipline and regulatory standards.
– Resolution mechanisms (bail-in and deposit insurance) and systemic risk.
– The impact of bail-in on banks’ cost of funding and banks’ risk-taking.
– Solvency and liquidity risk.
– The effects of macro-prudential and unconventional monetary policy on financial stability.
– The real effects of banking regulation.
– The shadow banking system’s implications for financial intermediation and regulation.
– The potential role of securitization in a re-regulated banking system.
– The challenge of non-performing loans (NPLs).
– The role of derivatives within the banking system.
– Banks versus financial markets in Europe and the implications of the Capital Market Union for the banking system.
– The relationship between sovereign and bank risk.

Quality research papers on other banking topics will be also considered.

FURTHER INFORMATION: Programs of the past three conferences can be found here: 2015, 2014, 2013.

SELECTION PROCESS AND DEADLINES: The deadline for submission of papers is May 16th, 2016. Papers should be sent to bafficarefin@unibocconi.it with an e-mail message entitled “BANK CALL”.

Selected authors will be notified by July 4th, 2016.

Accepted papers will be presented at the conference that will be held at Bocconi University, Milan on October 24th, 2016. Travel and accommodation expenses (one author per paper) will be covered by the conference organisers.

A pre-conference dinner will be arranged on the evening of October 23rd to be held in the city center. An informal conference dinner will take place on the evening of October 24th.

Gregorio De Felice
Donato Masciandaro
Francesco Saita
Filippo De Marco


Ms. Erika Somma – Ms. Elena Suragni
Centre for Applied Research on International Markets, Banking, Finance and Regulation
Via Roentgen 1
20136 – Milan (ITALY)
Phone +39.02.5836.5306/5908
Fax +39.02.5836.5921
Email: bafficarefin@unibocconi.it

Tenth Annual Risk Management Conference

26 – 27 July 2016, Singapore

The Risk Management Institute (RMI) at the National University of Singapore invites submissions for its Tenth Annual Risk Management Conference in Singapore on 26 and 27 July2016. We are pleased to announce that financial assistance of up to SGD500 for airfare and 2 nights of hotel accommodation will be provided to overseas presenters at RMC2016.

OVERVIEW: This international conference will provide a platform for policy makers, regulators, industry executives, and researchers from academia and industry to enhance their risk management techniques, explore the latest investment strategies, and manage the fundamental regulatory changes in the financial sector.

The one and a half day scientific programme will start on the afternoon of 26 July and continue for a full day on 27 July. The morning of 26 July will feature a half day policy forum.

POLICY FORUM: A half day policy forum on the morning of 26 July aims to provide a platform for invited speakers and panellists from industry, regulatory agencies, and academia, who are experts in the field of financial risk management to share their insights on issues of interest to the risk management community.

SCIENTIFIC PROGRAMME: The one and a half day scientific programme will follow the format of an academic conference. It will consist of submitted papers on the theme of financial risk management, to be reviewed and selected by an international panel of experts. Submitted papers must represent original and unpublished research. Concurrent sessions will be devoted to the dissemination of scientific findings.

TOPICS: Suggested topics of interest include, but are not limited to:
– Impact of regulation on financial markets and practice
– Understanding and modelling systemic risk
– Corporate risk management theory and practice
– Operational, market, and credit risks modelling
– Liquidity risks and their implications
– Risk management issues in derivatives, structured products and alternative investments
– Optimization and computational tools for risk management
– Statistical and econometric techniques for financial problems

The scientific program will also feature two or three invited plenary talks.

PAPER SUBMISSION PROCEDURE: Submissions may be made via the conference website. If you have any queries, please contact Ms. Shivani Nakhare at rminsr@nus.edu.sg. The submission deadline is 29 April 2016. The authors will be notified of the review committee’s decision by 27 May 2016.

CONFERENCE FEE AND HOTEL ACCOMMODATION: The conference registration fee will be waived for all presenters and discussants. If overseas presenters require funding support, the organizers can provide airfare assistance of up to SGD500 and hotel accommodation for up to 2 nights.

– Prof. Stan Hurn (Queensland University of Technology)
– Prof. Raymond Kan (University of Toronto)

FURTHER INFORMATION: For more information, please visit http://www.rmi.nus.edu.sg/rmc

Journal of Investment Consulting Academic Paper Competition

The Journal of Investment Consulting, published by Investment Management Consultants Association (IMCA), keeps investment management consultants and investment advisors abreast of new research findings in investments and private wealth management.

ACADEMIC PAPER COMPETITION: The Journal of Investment Consulting announces an academic paper competition on topics that examine recent research relevant to investment consulting and private wealth management. The competition is open to academics and doctoral students. Papers should provide the development of theory and applied research on the chosen topic.

TOPICS: Topic examples include: alternative investments, asset allocation, currency management, investment due diligence, manager search and selection, modeling tail risk, monolithic and flash trading, performance measurement, portfolio construction, regime-switching models, risk management, retirement planning, small-cap investing, stress-testing investment portfolios, wealth management, and other relevant topics for investment professionals.

REVIEW PROCESS: The Journal of Investment Consulting editorial advisory board will select the academic paper competition winner based on quality and relevancy of the research to investment management consultants and investment advisors. The Journal of Investment Consulting will publish the paper. IMCA will present a $5,000 cash award to the winner of the competition.

FURTHER INFORMATION: For more information about the Journal of Investment Consulting, visit http://journalofinvestmentconsulting.org

ACADEMIC PAPER COMPETITION, PAPER SUBMISSION: Paper submission deadline is July 31, 2016.

Please submit two versions of the paper (one with cover page identifying authors and one without cover page) via e-mail in either PDF or Word format to: Debbie Nochlin (dnochlin@imca.org), Managing Editor, Journal of Investment Consulting

7th Conference on Emerging Markets Finance

15th, 16th and 17th December, 2016

Indira Gandhi Institute of Development Research, Bombay, India

We are inviting submission of papers to a conference on “Emerging markets finance”. This conference will feature state of the art research in emerging markets, with an accent on policy issues. It will also serve as a forum for discussion and debate between market participants, policy makers and academics. Topics of interest include:
– Unique features of EM asset pricing
– Liquidity and liquidity risk in EMs
– Risk measurement and risk management
– New thinking in market design
– How EM corporations finance themselves
– Corporate governance in EMs
– Political economy of finance
– Consequences of infirmities of regulation and supervision
– Law and finance in the EM finance setting

The conference will feature a small number of papers, with a designated discussant, thus allowing adequate time for each paper. There will be a conference website where all the papers and slideshows are collected together. Details of the previous conference can be viewed at: http://www.ifrogs.org/conf.html

EXPENSES: Reimbursement of travel expenses up to USD 1000 for academic speakers.

Accommodation for three nights and four days for all speakers.

SUBMISSION PROCEDURE: Please email a pdf file of the paper to jyoti@igidr.ac.in, Ms. Jyoti Manke, Office number: +91-22-28416592, Cell phone: +91-98205-20180

DATES: Submission deadline: 30st July 2016

Moody’s – ICRA – NYU Stern – Conference on Development of Indian Fixed Income Markets

August 3, 2016, Four Seasons Mumbai, India

Moody’s Corporation (https://www.moodys.com), ICRA Limited (http://www.icra.in), and Salomon Center for the Study of Financial Institutions (http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions), at NYU Stern School of Business http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions are pleased to announce that they will be hosting their second fixed income research conference in India on Aug 3, 2016 in Mumbai.

We invite academics and scholars to submit working papers, work in progress or proposals that are in advance stage that are relevant in the context of Indian fixed income sector and the macro-economy. While we welcome research that broadly fits the theme “Indian Fixed Income Market – Unlocking Future Growth,” we also welcome submissions that advance the body of knowledge in the context of India’s macro-economy.

TOPICS: The topics of particular interest for this year include:
1. The evolution of government securities and their markets
2. Divestment of State owned Enterprises
3. SMEs- Funding and growth challenges
4. BIFR- Learnings from the BIFR experience and possible impacts of the proposed Bankruptcy Code
5. Evolution of NBFCs and their impact on Indian financial markets and their participants
6. Funding of Infrastructure projects
7. India’s financial markets in comparison to other emerging markets 8. Inflation, growth and real interest rates
9. NPA of PSU banks and their impact on fiscal and monetary policies
10. Key economic growth areas

For advance research proposals, there is expectation that research would have made sufficient progress by July 2016 for the scholar to be able to present his/her findings.

PAPER SUBMISSION PROCEDURE: The deadline for submissions of the research/proposals is 25th March 2016. Submissions should also include the CV of the principal investigator in pdf format as a single file and be mailed to IndiaConference@moodys.com. Decisions will be emailed to researchers by 15th April, 2016.

The committee that will screen and approve the projects is co-chaired by Professors Viral V. Acharya (NYU Stern School of Business) and Praveen Varma (Moody’s), and includes Sanjiv Das (Santa Clara University), N R Prabhala (CAFRAL and University of Maryland), Prachi Mishra (RBI), Suresh Sundaresan (Columbia University), Raghu Sundaram (NYU Stern School of Business), Kalpesh Gada (ICRA).

FUNDING: Scholars (or one of the co-authors in case of joint work) whose research is accepted for the conference will be expected to present their work in the conference. For presenters traveling internationally, Moody’s will pay up to $6,000 per accepted paper towards travel expenses pertaining to presentation at the conference against submission of appropriate forms and expense reports. For presenters traveling within India, Moody’s will reimburse domestic coach class roundtrip airfare, up to two nights of hotel stay and customary incidental expenses against submission of receipts and appropriate forms.

ABOUT MOODY’S: Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $3.5 billion in 2015, employs approximately 10,400 people worldwide and maintains a presence in 36 countries. Further information is available athttp://www.moodys.com

ABOUT ICRA: ICRA Limited was set up in 1991 as a full-service Credit Rating Agency by leading Indian financial/investment institutions, commercial banks and financial services companies as an independent and professional investment information and credit rating agency. Through its subsidiaries, ICRA offers consulting, outsourcing and professional & IT services. ICRA shares are listed on the BSE and the National Stock Exchange. ICRA is majority-held by Moody’s Group, which has 50.06% equity ownership stake in the Company.

ABOUT THE SALOMON CENTER FOR THE STUDY OF FINANCIAL INSTITUTIONS: The Salomon Center for the Study of Financial Institutions is a research Institute founded in 1972 as part of the Stern School of Business, New York University, by a grant from the partners of Salomon Brothers, and specializes in the study of financial institutions, including commercial banks, investment banks, managed funds and insurance companies.

14th International Paris Finance Meeting – Paris December 2016 Finance Meeting

DEADLINE: June 2, 2016

The 14th Paris December Finance Meeting is organized in Paris downtown on December 20, 2016 by EUROFIDAI (European Financial Data Institute) with the participation of AFFI (French Finance Association) and ESSEC Business School.

It is jointly sponsored by CDC Institute for Research, CNRS, Institut Louis Bachelier, Fondation Banque de France in Money, Finance and Banking, Equipex BEDOFIH and «Regulation and Systemic Risk» ACPR Chair. Equipex BEDOFIH will sponsor a special Microstructure session under the supervision of T. Hendershott (UC Berkeley), and the “Regulation and Systemic Risk” ACPR Chair will sponsor a special session, under the supervision of C. Gourieroux (ENSAE and University of Toronto).

All researchers in finance are invited to present in English their latest research in all areas of finance and insurance: Asset Pricing, Banking/Financial Intermediation, Bankruptcy, Behavioral Finance, Capital Structure, Corporate Governance, Derivatives, Ethical Finance, Entrepreneurial Finance, Financial Analyst, Financial Crisis, Financial Econometrics, Financial Mathematics, Financial Risks, Hedge Funds/Mutual Funds, Historical Finance, Insurance, Interest Rates, International Finance, Investment Policy/Capital Budgeting, Market Microstructure/Liquidity, Merger and Acquisition, Ownership, Payout Policy, Portfolio Management, Private Equity/Venture Capital, Banking Regulation and Systemic Risk, Risk Management, Security Issuance/IPO.

In previous years, approximately one in six submitted papers was accepted. The Paris December Finance Meeting is one of the top 3 European conferences in terms of the quality of the papers presented.

Prizes will be awarded for the best papers.

PhD and job market paper sessions will also be organized, so all job market papers are welcome.

PAPER SUBMISSION PROCEDURE: Only on line submissions will be considered for the 2015 Paris December Finance Meeting.

Before filling the application form, please read the following instructions:
– Prepare 2 files in pdf format:
— An anonymous version of the paper (the complete paper without the name(s) of the author(s), without the acknowledgements and without any indication of author’s affiliation)
— A complete version of the paper including the following information: title, name(s) of the author(s), abstract, keywords, email address for each author, complete address(es)
– The abstract you will fill in the submission form is limited to 150 words.
– To complete your submission you will have to classify your paper according to a list of keywords. This choice will define the session referees judging your paper.
– Each submission will be charged 45 Euro.

TO SUBMIT, PLEASE VISIT THE WEBSITE OF THE MEETING: http://www.paris-december.eu/december2016.html

DEADLINE: Papers must be submitted on line by June 2, 2015

PAPER DIFFUSION: Accepted papers will be posted on the Financial Economic Network (SSRN) and the website of EUROFIDAI.

The 4th Indonesian Financial Management Association (IFMA) Conference

December 14-15, 2016, Yogyakarta, Indonesia

The 4th Indonesian Financial Management Association (IFMA) Conference will be held in Yogyakarta, Indonesia on December 14-15, 2016. The program committee cordially invites paper submissions from all areas of finance.

ABOUT YOGYAKARTA: Yogyakarta, or more popularly known as “Jogja”, is one of the oldest cities in Indonesia. Yogyakarta has many heritage buildings and monuments, including the must-see attraction of Sri Sultan Hamengkubuwono’s palace, better known as “Kraton”. Yogyakarta is the most popular tourist destination on Java, thanks to its proximity to the temples of Borobudur and Prambanan. Borobudur, a UNESCO World Heritage Site, is a Buddhist temple complex dating from the 9th century. It is the single largest Buddhist structure anywhere on earth, and few who visit fail to be taken by both the scale of place and the remarkable attention to detail that went into the construction. The slightly older Prambanan is a collection of massive Hindu temples built in the 8th century. In almost any other country, a magnificent ancient monument on the scale of Prambanan would quickly be designated a national symbol. In Indonesia, it is somewhat overshadowed by the nearby Borobudur. The two sites are quite different in style with Prambanan being a collection of sharp, jaggedly sculpted towers in contrast to the vast horizontal bulk of Borobudur, but both are awe inspiring just the same.

Avanidhar Subrahmanyam (UCLA)
Raghavendra Rau (University of Cambridge)

PAPER SUBMISSION PROCEDURE: Papers should be submitted to ifma2016@groups.nus.edu.sg with the subject heading: “IFMA 2016 Conference Submission”. Papers that are in an early stage (but completed) will be considered. Please do not submit a paper that has been accepted for publication in a journal or is close to being accepted. We particularly encourage submissions from junior researchers and doctoral students. Papers will be selected by the program committee, which consists of international scholars.

Submission Deadline: AUGUST 31, 2016. Authors of selected papers will be notified by SEPTEMBER 30, 2016.

Indonesian Financial Management Association (IFMA)
Faculty of Economics and Business, Universitas Diponegoro

CONFERENCE CHAIR: Johan Sulaeman (National University of Singapore)

Suherman (Universitas Negeri Jakarta)
Harjum Muharam (Universitas Diponegoro)

PROGRAM COMMITTEE: Sumit Agarwal (National University of Singapore), Vikas Agarwal (Georgia State University), Utpal Bhattacharya (HKUST), Sabri Boubaker (Champagne School of Management), Michael Brennan (UCLA), Jerry Cao (Singapore Management University), Thomas Chemmanur (Boston College), Darwin Choi (HKUST), Tarun Chordia (Emory University), Pab Jotikasthira (UNC Chapel Hill), Hardjo Koerniadi (Auckland University of Technology), Jongsub Lee (University of Florida), Bing Liang (University of Massachusetts at Amherst), William Megginson (University of Oklahoma), Roni Michaely (Cornell University), Maureen O’Hara (Cornell University), Graham Partington (University of Sydney), Raghavendra Rau (University of Cambridge), Jay Ritter (University of Florida), Avanidhar Subrahmanyam (UCLA), Marti Subrahmanyam (New York University), Qing Tong (Singapore Management University), Mathijs van Dijk (Erasmus University), H. J. von Eije (University of Groningen), Hong Zhang (Tsinghua University)

CONFERENCE WEBSITE: http://www.ifma-online.org/2016-conference/call-for-papers

CONTACT: sulaeman@nus.edu.sg

2015 IFMA Conference (Bali, Keynote speakers: Roni Michaely & William Megginson)
2014 IFMA Conference (Bali, Keynote speakers: Maureen O’Hara & Marti Subrahmanyam)
2013 IFMA Conference (Bali, Keynote speakers: Michael Brennan & Avanidhar Subrahmanyan)

FESE De la Vega Prize 2016: Competition Open!

The Federation of European Securities Exchanges (FESE) will award the Josseph de la Vega Prize 2016 for an outstanding research paper related to the securities markets in Europe. Papers about current developments in European securities markets are particularly welcome.

TOPICS: The paper may refer to any of the following topics:
– Saving via Capital Markets: access to capital markets for investors, European private pension plan, financial literacy.
– Financing via Capital Markets: SMEs access, SMEs Growth Markets, Prospectus Regulation, new forms of equity financing.
– Primary Markets for Equities and Bonds: public and private offerings, ongoing disclosure requirements, markets segments.
– Secondary Markets for Equities, Fixed Income and Derivatives: value of exchanges for the real economy, liquidity, transparency, efficiency, risk management, market microstructure, development/size of markets.
– Fairness, Security and Integrity of Markets.
– Benchmarks, Market Indicators and Market Data.
– New Technologies: blockchain, crypto-currencies, etc.
– Impact of Regulation.

The winner(s) will be awarded the Prize at the gala dinner of the FESE Convention 2016, which will take place on Wednesday, 15th June 2016 in Malta in the presence of high-level officials and industry representatives from around the world. In addition, the winner(s) will be invited to attend the FESE Convention 2016 on Thursday, 16th June in Malta. Travel and accommodation expenses of the winner(s) will be borne by FESE, in accordance with pre-defined guidelines.

The prize maximum amount awarded will be EUR 5,000.

Read more about the conditions here: http://www.fese.eu/images/documents/deLaVega/Conditions_of_participation_in_the_Josseph_de_la_Vega_Prize_2016.pdf. The deadline for application is Sunday, 24th April 2016 before midnight (CET).

2016 Greater China Area Finance Conference

June 25-26 (Sat-Sun), 2016, School of Economics& Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen, China

We are pleased to announce the 1st Greater China Area Finance conference (GCFC2016) at School of Economics (SOE) and the Wang Yanan Institute for Studies in Economics (WISE), Xiamen University, China. We invite submissions from all areas related to finance, including but not limited to asset pricing, corporate finance, behavioral finance, banking, international finance, and financial econometrics. Empirical research on or theoretical work with empirical applications to financial liberalization, innovation, stability and regulation in greater China area is particularly welcome.

It is our honor to have the following distinguished keynote speakers this year:

Philip Dybvig, Southwestern University of Finance and Economics /Washington University at St. Louis
Ali Hortacsu, University of Chicago
Chung-Ming Kuan, National Taiwan University
Chen Lin, Hong Kong University
Ron Masulis, UNSW Australia
Bernard Yeung, National University of Singapore

PAPER SUBMISSION PROCEDURE: Researchers interested in participating should submit their papers through our online portal at http://wise.xmu.edu.cn/Meetings/GCFC2016. If there are web assessing problems, please contact Hui Wang (huiwang.wise@gmail.com).

The submission deadline is April 15, 2016. Decisions of acceptance will be announced by May 15, 2016.

There will be no registration fees. Meals will be provided during the course of the conference, but the participants are expected to cover their own travel and hotel expenses.

Weiyi CAI SOE, Xiamen University
Haiqiang CHEN, WISE&SOE, Xiamen University
Ye GUO, Chair SOE, Xiamen University
Qian HAN, WISE&SOE, Xiamen University
Juanjuan HUANG, SOE, Xiamen University
Linlin NIU, WISE, Xiamen University
Yue PAN SOE, Xiamen University
Yu REN WISE&SOE, Xiamen University
Wenbin XU, SOE, Xiamen University
Shuoxun ZHANG, SOE&WISE, Xiamen University

Kalok CHAN, Co-chair, The Chinese University of Hong Kong
Jun-Koo KANG, Nanyang Technological University
Jevons LEE, Advisor, Xiamen University/Tulane University
Haitao LI, Co-chair Cheng Kung Graduate School of Business
David NG, Cornell University
Lilian NG, York University
Jiaping QIU, McMaster University/Shanghai University of Finance and Economics
Chung-Hua SHEN National Taiwan University
Jian YANG University of Colorado Denver/Nankai University
Chu ZHANG Hong Kong University of Science and Technology
Yinggang, ZHOU, Co-chair, Xiamen University

FURTHER INFORMATION: For academic inquiries about the conference, please contact Prof. Yinggang Zhou (ygzhou@xmu.edu.cn).

For logistic affairs, please contact Ms. Yang Song (ysong2014@xmu.edu.cn) Tel: 0592-2189805

School of Economics (SOE), Xiamen University
The Wang Yanan Institute for Studies in Economics (WISE), Xiamen University
Department of Finance, School of Economics, Xiamen University

ABOUT THE SCHOOL: The economics and finance disciplines in Xiamen University were first established in 1921 and have a long tradition of excellence in teaching and research, with a focus on the role of institutions in economic and social development. Mr. Wang Yanan, the former President of Xiamen University for 19 years and the renowned economist who translated Adam Smith’s Wealth of the Nation and Karl Marx’s Das Kapital into Chinese, guided the rapid development of economics disciplines in XMU since 1949.In September of 1981, China’s State Education Ministry approved the elevation of the Department of Economics to the School of Economics, making it the first school of economics established among top universities in mainland China since 1978.

ABOUT THE DEPARTMENT: Department of Finance at School of Economics, Xiamen University, has a long history back to 1921 as banking program of business department when Xiamen University was established. The department has also experienced a glorious history and become one of top finance programs in Mainland China. It was one of the earliest National Key Discipline (NKD) of Finance in China and it is the only NKD of Finance in southeastern China.

ABOUT WISE: In 2005, the Wang Yanan Institute for Studies in Economics (WISE) was founded, as a recent effort by Xiamen University to build a first class modern economics and finance research institute and to facilitate international research and academic exchanges. Currently, SOE and WISE are working close together to promote Xiamen University as one of the major centers for economic and finance research and education in Asia Pacific.

For more information about WISE and SOE, please see: http://se.xmu.edu.cn/English and http://wise.xmu.edu.cn/english

ABOUT THE AREA: Located in Southeast China with convenient direct flights to many major cities in Asia, Xiamen is famous for its resort like atmosphere and has a reputation as the cleanest and most livable Chinese city. Interesting places near Xiamen include the UNESCO World Heritage Hakka Earth Buildings, Gulangyu (Piano Island) and Wuyi Mountain. For more information on the city of Xiamen, please go to: http://www.whatsonxiamen.com/home.php