Mendoza School of Business

Notre Dame Finance Center awards best-paper prizes

Published: June 7, 2012 / Author: Carol Elliott

Winners of the Best
Prize for articles on
financial regulation were announced on Thursday, June 7, at the 2012 Current Topics in Financial Regulation
hosted by the Mendoza College of Business, University of Notre

First place went to researchers Robert Bloomfield,
Maureen O’Hara and Gideon Saar of the Johnson Graduate School of Management,
Cornell University, for their paper, “Hidden Liquidity: Some New Light
on Dark Trading
,” announced NERA Economic Consulting, sponsor of this
year’s Best Papers series. The
authors will share the first-place prize of $5,000.

The second place prize of $1,000 was awarded to Or
Shachar, of Stern School of Business, New York University, for her paper, “Exposing the Exposed:
Intermediation Capacity in the Credit Default Swap Market

“We congratulate the winners and thank the other
authors who also submitted exceptionally high-quality papers,” said Dr. Jim
Overdahl, NERA Senior Vice President and Best
panel judge. “We were extremely pleased with the high caliber of the
papers submitted to the conference program.”

The 2012
Current Topics in Financial Regulation Conference, held in Washington, D.C., is
part of an annual research series sponsored by the Center for the Study of
Financial Regulation, located at the Mendoza College. The event brings together
top industry, regulatory and academic experts in financial regulation to
discuss topics currently shaping the regulatory environment, including
high-frequency trading, credit-default swap markets and CDO credit ratings,
among others. For more information, visit the Center’s site.  

Center for the Study of Financial Regulation was established to to encourage the
rigorous study of the economics of financial regulation. This study includes
the examination of the costs and benefits of specific regulations, the impact
of regulation on financial practice, and the political process by which
regulation is enacted. The Center’s aim is bring clear economic thinking to
bear on current regulatory rules while informing and engaging financial
economists, regulators, politicians, and the public. It pursues this mission
through conferences, speakers and white papers, which are distributed through a
quarterly newsletter.

The Center is located
within the Mendoza College of Business at the University of
Notre Dame, a top-ranked business school enrolling more than 2,500 students in
degree programs including undergraduate business studies, MBA, Executive MBA, Master
of Science in Accountancy and a Master of Nonprofit Administration. The College
also offers executive development programs for for-profit and non-profit


NERA Economic Consulting ( is a global firm of
experts dedicated to applying economic, finance, and quantitative principles to
complex business and legal challenges. For half a century, NERA’s economists
have been creating strategies, studies, reports, expert testimony, and policy
recommendations for government authorities and the world’s leading law firms
and corporations. We bring academic rigor, objectivity, and real world industry
experience to bear on issues arising from competition, regulation, public
policy, strategy, finance, and litigation.

NERA’s clients value our
ability to apply and communicate state-of-the-art approaches clearly and
convincingly, our commitment to deliver unbiased findings, and our reputation
for quality and independence. Our clients rely on the integrity and skills of
our unparalleled team of economists and other experts backed by the resources
and reliability of one of the world’s largest economic consultancies. With its
main office in New York City, NERA serves clients from more than 20 offices
across North America, Europe, and Asia Pacific.


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