CfP Deadline Date:
July 26, 2021
Conference Event:
October 7-8, 2021
Event Location:
Atlanta, GA
Organizer(s):
The Center for Financial Innovation and Stability (Federal Reserve Bank of Atlanta) and the Center for the Economic Analysis of Risk (Georgia State University)
The COVID-19 pandemic has been a real economic shock to the global economy that had potentially very adverse consequences for the financial condition of individuals and firms. The worst of these possibilities were mitigated by aggressive responses by fiscal, monetary, and regulatory authorities throughout the developed world. Yet the shocks resulting from the pandemic appear likely to have lasting effects on the financial choices of individuals and firms. These shocks may also result in long lasting changes in the conduct of the fiscal, monetary, and regulatory policy in both good times and bad, changes that will also have implications for the private sector. This workshop seeks to better understand how finance is going to change as a result of the COVID-19 experience.
We invite academics, professionals, and regulators to submit papers and/or ideas for panel discussions for this workshop. Long abstracts or, preferably, complete manuscripts may be submitted no later than July 26, 2021, on the full range of issues associated how finance is going to change as a result of the COVID-19 experience. These issues include but are not limited to:
- Lessons that firms and individuals can learn about how to be prepared for large real shocks that may quickly spill over into financial markets and how to respond when these shocks are realized.
- The lessons governments can learn about how best structure assistance to provide for a rapid recovery and maximum growth after the shock dissipates.
- The implications of very low/negative real rates and likely even nominal rates for years to come as central banks try to hasten economic recovery. This could include both analysis of how different agents responded during the downturn and their options as conditions normalize.
- The implications of the rapid and decisive action by central banks. Central banks now have even more experience in combatting financial instability that can be evaluated to help in addressing future crises. However, there is the potential moral hazard resulting from market participants learning more about central bank’s reaction function.
- The implications of the rapid advances in the use of technology in serving retail financial markets and the increased consumer acceptance of that technology.
Further Information:
Authors are invited to submit full papers or long abstracts using the link at the top of this page.
In order to complement the forward-looking nature of this conference, we request that paper submissions be accompanied by a short discussion of the implications of the paper for the future of finance. This discussion could be copied directly from the paper submission or it could be a separate statement. Our intent is for each presentation to devote a few minutes to this topic. We recognize and expect that most such discussions will be speculative but it will be informed speculation that may help us better anticipate the coming changes.
The results of the selection process will be sent by August 23, 2021. Reasonable travel and accommodation expenses will be covered for the presenters of accepted papers. Please email Larry Wall with inquiries at larry.wall@atl.frb.org.
Link CfP & Website: How is the Covid-19 experience changing finance?