CfP Deadline Date:
July 05, 2023
Conference Event:
November 16-17, 2023
Event Location:
Cleveland, Ohio
Keynote speaker(s):
Jeremy Stein (Harvard University)
Randall S. Kroszner (University of Chicago Booth School of Business)
Organizer(s):
Federal Reserve Bank of Cleveland
Office of Financial Research
Conference Format
The conference will bring together policymakers, market participants, and researchers in Policy Discussions and Research Forums
Topics
We welcome submissions of research on topics related to potential financial stability risks faced by financial markets and institutions, sources of financial system resilience, and related public policy. Conference topics include but are not limited to the following:Macroprudential and Monetary Policy
As monetary policy fights inflation yet faces prospects of an economic downturn, the place of macroprudential and stability tools becomes increasingly important. What risks will surface in the new environment, what data will make these risks apparent, and what tools will preserve stability? Are there implications for the governance of both the private and public sectors? Irrespective of the policy environment, what frontier risks are emerging with the constant changes in technology and organizations?
Financial Institutions
A riskier macroeconomic environment poses challenges for financial institutions and their supervisors. Risk-management tools and strategies will be tested by inflation and output fluctuations and by new regulations designed to mitigate vulnerabilities. Network effects, including interactions with a rapidly evolving fintech and crypto sector, may lead to further risks at a systemic level. How are institutions adapting to these risks and associated regulatory changes? How prepared are regulators and policymakers? Are existing microprudential and macroprudential toolkits sufficient?
Financial Markets
Inflation and the associated responses of central banks around the world have contributed to stress to financial markets that has not been seen in the recent past. Financial stability threats may arise from resulting reallocations through volatility spikes, fire sales, and financial contagion. The continued development of algorithms, decentralized finance (DeFi) and complex artificial intelligence have the potential to add novel risks to financial markets. To what extent do investors recognize these risks, and how does recognition affect investors’ allocations? How does opacity resulting from deficiencies in reporting, risk management, and operation standards for these risks affect investor behavior?
Real Estate
Real estate is often one of the sectors most affected by financial instability. Construction and housing play a major role in the transmission of monetary policy, and real estate-based lending remains a major activity of banks, insurance companies, and mortgage companies. A complex and active securities market ties together financial institutions and markets in both residential and commercial real estate.
CfP Link:
2023 Financial Stability Conference – Financial Stability in Times of Macroeconomic Uncertainty