6TH ANNUAL DARDEN CONFERENCE ON EMERGING MARKETS

EXPENSES: The conference will grant an honorarium of US$1,000 for each paper accepted for presentation. In addition, the conference will pay for reasonable travel expenses and will provide accommodations for paper presenters and discussants. The conference is open to invited guests only. 6TH ANNUAL DARDEN CONFERENCE ON EMERGING MARKETS INVESTMENT MANAGEMENT IN AN EVOLVING INSTITUTIONAL ENVIRONMENT Presented jointly with the New York Stock Exchange In partnership with The Research Foundation of the CFA Institute, State Street Global Markets, and the World Bank New York Stock Exchange, New York, New York March 20-21, 2007 PROGRAM ORGANIZERS: Paul Bennett (NYSE), Robert Bruner (Darden), Campbell Harvey (Duke), and Marc Lipson (Darden) PROGRAM COMMITTEE: Yakov Amihud (NYU), Andrew Ang (Columbia), Stijn Claessens (World Bank), Asli Demirguc- Kunt (World Bank), Mihir Desai (Harvard), Jessica Donohue (State Street), Bernard Dumas (Insead), Alexander Dyck (Toronto), Vihang Errunza (McGill), Benjamin Esty (Harvard), Kristin Forbes (MIT), Andrew Karolyi (Ohio State), Leora Klapper (World Bank), Mark Kritzman (Windham Capital Management), Rafael La Porta (Dartmouth), Christian Leuz (Chicago), Richard Levich (NYU), Wei Li (Darden), Karl Lins (Utah), Peter Rodriguez (Darden), Michael Schill (Darden), Sergio Schmukler (World Bank), Rene Stulz (Ohio State), Katrina Sherrerd (CFA Institute), Frank Warnock (Darden) KEYNOTE SPEAKER: Robert Shiller, Yale University CONFERENCE PURPOSE: This sixth annual Darden Conference on Emerging Markets Finance seeks to highlight issues and practices surrounding investment management, capital flows, and capital markets in emerging economies. We will entertain a wide range of topics for this conference, but will seek clusters of work that complement one another. Possible sessions could include, but are not limited to, the following: - Flight to quality - Risk management and derivatives market - Portfolio management and security pricing - Capital market liberalization and financial development - Corporate governance, transparency, and shareholder rights - Design and impact of capital market institutions - Internationalization of capital markets and security exchanges - Capital flows and global imbalances - The role of institutional investors, hedge funds, and private equity firms SUBMISSION AND SELECTION PROCESS: The conference will consider only completed papers. The conference website: http://www.darden.virginia.edu/EM has been set up to accept electronic paper submissions, through the "Online Paper Submission" link. Please fill the submission form online, paste the abstract of your paper in the appropriate text box, and upload your paper in PDF format (preferred) or as a Microsoft Word document. The program committee will review these materials and assemble sessions addressing similar substantive issues. DEADLINES: Relevant dates for the submission process are as follows: - Now through November 15, 2006: Submission of materials - January 5, 2007: Notification by program committee of tentative program - February 5, 2007: Submission of first draft of slides or other materials for presentation to the conference - February 26, 2007: Deadline for authors to submit final versions of slides to be presented - March 20-21, 2007: Conference held at NYSE, New York, NY Prior to the conference the full text of all accepted abstracts and papers will be available on the web: http://www.darden.virginia.edu/EM EXPENSES: The conference will grant an honorarium of US$1,000 for each paper accepted for presentation. In addition, the conference will pay for reasonable travel expenses and will provide accommodations for paper presenters and discussants. The conference is open to invited guests only. FURTHER INFORMATION: The program will be held in New York, NY, at the New York Stock Exchange. For more information contact: CONTACT: Christa Dow Darden Graduate Business School P.O. Box 7186 Charlottesville, Virginia, 22906 Tel: 434-924-6486 Fax: 434-982-2833 Email: MAILTO:dowc@darden.virginia.edu