Summer School – Thematic Semester on Commodity Derivatives Markets: Industrial Organization, Regulation and Financialization

Program

Sunday, July 12th:    

from 5pm to 10pm, welcoming of the speakers and participants

6pm to 7:30pm: Buffet dinner  

Monday, July 13th

9:00 - 10:30:     Master Class by Eugenio Bobenrieth and Brian D. Wright: Storage Arbitrage and Empirical Implications  (1)

10:30 – 11:00: Coffee Break

11:00 – 12:30: Master Class by Eugenio Bobenrieth and Brian D. Wright: Storage Arbitrage and Empirical Implications (2)

12:30 – 14:00: Lunch

14:00 – 15:15: Lecture by Remy Praz: Competition Between Exchanges and Dealer-Intermediated Markets

15:15 – 15:45: Coffee Break

15:45 – 17:00: Lecture by Rémy Lambinet: ETF and Commodity Markets

19:30:                  Welcome Dinner at Villa Finaly  

Tuesday, July 14th

9:00 - 10:30:     Master Class by Frans de Roon: Commodities, Futures and Stock Markets (1)

10:30 – 11:00: Coffee Break

11:00 – 12:30: Master Class by Frans de Roon: Commodities, Futures and Stock Markets (2)

12:30 – 13:30: Lunch

13:30 – 15:00: Free Working Session

15:00 – 16:15: Poster Session

18:30 – 19h30:                Buffet Dinner at Villa Finaly

Wednesday, July 15th

9:00 – 10:30:    Master Class by Ivar Ekeland: Commodity Markets: Stores, Producers and Speculators (1) The Static Case

10:30 – 11:00: Coffee Break

11:00 – 12:30: Master Class by Ivar Ekeland: Commodity Markets: Stores, Producers and Speculators (2) The Dynamic Case

12:30 – 14:00: Lunch

14:00 – 15:15: Lecture by Andreas Rathgeber: Stochastic Processes with Fat Tails – Fitting and Simulation

15:15 – 15:45: Coffee Break

15:45 – 17:00: Lecture by Marius A. Zoican: Central Clearing and Market Quality

18:30 – 19h30:                Buffet Dinner at Villa Finaly

Thursday, July 16th

Breakfast

9:00 - 10:30:     Master Class by Michel Robe: Capturing physical market fundamentals in paper market studies (1)

10:30 – 11:00: Coffee Break

11:00 – 12:30: Master Class by Michel Robe: Capturing physical market fundamentals in paper market studies (2)

12:30 – 13:30: Lunch

13:30 – 15:00: Free Working Session

15:00 – 16:15: Lecture by Steven D. Baker: The Price of Oil Risk

18:30 – 19h30:                Buffet Dinner at Villa Finaly

Friday, July 17th

9:00 - 10:15:     Lecture by Alvaro Cartea: Model Uncertainty in Commodity Markets

10:15 – 10:45: Coffee Break

10:45 – 12:00: Lecture by Kumar Venkataraman: Commodity ETFs and Market Quality

12:00 – 13:30: Lunch

13:30 – 14:45: Lecture by Jonathan Wallen: Market expectations of uncertainty within satellite markets: evidence from the crude oil market

14:45 – 16:00: Lecture by Eugenio Bobenrieth and Brian Wright: “Negligible” Trends and the Empirical Interpretation of Commodity Prices

16:30:  Group departure to Firenze - Historical Visit and Dinner in town

Saturday, July 18^th:

departure of the speakers and participants