Federal Reserve Bank of Philadelphia President/CEO Charles Plosser Speaks at NYU Stern's Society for Financial Econometrics Conference on June 5

Business Wire, May 28, 2008

NEW YORK -- At NYU Stern School of Business on June 5, 2008 from Noon-1:30 pm, Charles I. Plosser will discuss the tremendous growth and innovation in financial markets worldwide and how they relate to the central bank's role in financial stability. He will highlight how developments in finance theory and financial econometrics have played a critical role in spurring this innovation and growth.

A panel with participants from Goldman Sachs and the Board of Governors of the Federal Reserve System, among others, will address "Default Risk Correlation Models: Reflections on the Past and Challenges for the Future" in the afternoon from 4:30-5:45 pm.

The Society for Financial Econometrics (SoFiE) at NYU Stern School of Business is a global network of academics and practitioners dedicated to the fast-growing field of financial econometrics. The Society is associated with the Journal of Financial Econometrics. The inaugural SoFiE conference, sponsored by Stern's Salomon Center for the Study of Financial Institutions and Beyondbond, Inc., is taking place June 4-6 at NYU Stern School of Business. Visit http://www.nyu.edu/sofie/ for academic research presentations and conference details.

To RSVP as a member of the press, free-of-charge, and schedule interviews with NYU Stern Nobel Laureate and Founding Co-President of SoFiE Robert Engle, contact:

Rika Nazem, NYU Stern, 212-998-0678, rnazem@stern.nyu.edu

Marilyn Wimp, Federal Reserve Bank of Philadelphia, 215-574-4197, Marilyn.Wimp@phil.frb.org