...From the President...

Welcome to WFA 2025. Stefan Nagel has put together an outstanding program. We are excited to hea presentations, discussions, and the informal discussions that make the WFA special. You'll find all the info you need about the program, code of conduct, sponsors, and more included here on our webpage (or in the PDF version). Don't forget to register for the conference and book your hotel!

Manju Puri,
WFA President, 2024-2025

...From the Program Chair...

As Program Chair, I would like to thank the members of the Program Committee for their dedicated service to the WFA. Their expert reviews are the main input in evaluating the submitted papers and allow us to create a high-quality program. Of course, I am thankful to all the authors for submitting their outstanding papers to the conference, to the session chairs for finding excellent discussants, and to the discussants for providing constructive and insightful feedback to the authors. I would like to thank my colleagues at the University of Chicago, Emanuele Colonnelli, George Constantinides, Doug Diamond, Ralph Koijen, Anil Kashyap, Yueran Ma, Pascal Noel, Lubos Pastor, Carolin Pflueger, Raghu Rajan, Amir Sufi, and Luigi Zingales, who served as Associate Chairs and provided invaluable help in making the final paper selection and finding session chairs. I would like to thank Bryan Routledge for his tireless management of the logistics and IT system, the WFA past president, Burton Hollifield, and the executive committee, Manju Puri, Alex Edmans, and Itay Goldstein, for their counsel and support, and Leigh Ann Clark and Robyn Scholl for managing the conference logistics. Last but not least, I would like to thank our sponsors for their continued support of the WFA.

Stefan Nagel,
WFA Program Chair, 2025