CfP Deadline:
July 1, 2024
Conference Event:
October 18-19, 2024
Event Location:
Philadelphia, United States
Organizer(s):
Wharton School of the University of Pennsylvania
Keynote Speaker(s):
Franklin Allen (Imperial College London)
Description:
Liquidity and financial fragility have increasingly troubled financial market participants, macroeconomists, and policymakers. The 2023 regional banking crisis prompted sweeping interventions by the Fed, Treasury, and FDIC, raising moral hazard concerns and exacerbating tensions between price stability and financial stability. Moreover, the emergence of new technologies, such as instant payment systems and digital currencies, coupled with advances in AI and machine learning, has introduced additional risks to financial stability. Such stability extends beyond the U.S. financial system and is also tied to the dollar’s dominant role in the global financial framework. More than a decade after the global financial crisis, understanding the causes and consequences of financial fragility and its macroeconomic implications remains as vital as ever.
With this goal, we are excited to organize the 2024 Wharton Conference on Liquidity and Financial Fragility, following the success of the nine editions before. The tenth anniversary edition will take place at the Wharton School of the University of Pennsylvania (Philadelphia PA) starting on the morning of Friday, October 18, 2024, and ending in the afternoon of Saturday, October 19, 2024. There will be a conference dinner on Friday evening, featuring a keynote speech by Franklin Allen, who is a pioneer in the research in liquidity and financial fragility and who was also one of the founding organizers of this conference. Details on past editions of the conference can be found on the conference website: https://wifpr.wharton.upenn.edu/wharton-liquidity-conference/
We invite submissions of empirical and theoretical papers in various fields of economics and finance that relate to the broad theme of Liquidity and Financial Fragility. Topics of interest include, but are not limited to:
- Coordination failures, self-fulfilling beliefs, and runs
- Fragility in banks and non-bank institutions
- Liquidity and frictions in financial markets and macroeconomy
- Systemic risk and financial regulation
- Monetary policy and financial stability
- Inflation, interest rate risks, and implications on financial fragility
- Financial institutions, networks, and contagion
- Currency dominance, sovereign debt crises, and their link to the financial sector
- The impact of crises and fragility on firms’ financing and investment policies
- Financial Technology (FinTech) and its implications for financial stability
- Artificial Intelligence (AI) and its implications for financial stability
- New payment technologies, digital currencies, and their implications for the monetary system
The organizers of the conference are Vincent Glode, Itay Goldstein, and Yao Zeng (all from Wharton Finance), and Guillermo Ordonez (from Penn Economics).
Submission:
Please submit your paper using this form. The submission deadline is July 1, 2024. Authors of submitted papers will be notified of program decisions by August 15, 2024. We look forward to this intellectually exciting event.