CfP Deadline Date:
April 15, 2021
August 23-24, 2021
- Darrell Duffie (Stanford University)
- Monika Piazzesi (Stanford University)
- Imène Rahmouni-Rousseau (European Central Bank)
- Hyunsong Shin (Bank for International Settlements)
The Swedish House of Finance (SHoF)
Throughout the 2008-2009 financial crisis and the ongoing COVID-19 pandemic, central banks over the world developed new—unconventional—monetary policy instruments. In the process, central bank balance sheets increased more than tenfold at a global level. This move broke with decades of tradition of low foot-print monetary policy practices and requires academics and market participants to update their conceptual frameworks of how monetary policy affects financial markets and the economy. This conference aims at engaging in this endeavor by bringing together leading scholars and practitioners with expertise on these developments. The conference will feature keynote presentations, panels with leading scholars, and presentations of academic papers.
We invite authors to submit high-quality research at the intersection of financial intermediation, asset pricing, and monetary policy including (but not limited to) such topics as:
• The updated role of national central banks as lender-of-last-resort in a new regulatory landscape;
• The role of the US Federal Reserve as a global lender-of-last-resort within the international dollar monetary system;
• The impact of new monetary policy instruments on capital markets;
• The potency, limitations, and side-effects of new monetary policy instruments;
• The role of an emerging market structure with a prominent role for non-bank financial institutions;
• Changes in industry liquidity management practices within the new regulatory and monetary policy landscape.
Both empirical and theoretical papers are welcome. Depending on the developments of the pandemic, we are ready to have a fully online or hybrid conference. SHoF will provide accommodation as well as reimbursement for reasonable travel expenses for presenters and discussants.