Posted 8/7/09
CALL FOR PAPERS
Twelfth Conference of the ECB-CFS Research Network on
"LEARNING FROM THE CRISIS: FINANCIAL STABILITY
MACROECONOMIC POLICY AND INTERNATIONAL INSTITUTIONS"
Hosted by the Einaudi Institute for Economics and Finance
Rome, 12-13 November 2009
The European Central Bank (ECB), the Center for Financial
Studies (CFS), the Bank of Italy and the Einaudi Institute
for Economics and Finance (EIEF) are inviting submission of
papers to the 12th conference of the ECB-CFS Research
Network on "Learning from the Crisis: Financial Stability,
Macroeconomic Policy and International Institutions." See:
http://www.eu-financial-system.org
OBJECTIVES:
The objectives of the conference are:
1. To present state-of-the-art research on the roots and
evolution of the current crisis, as well as the issues
that it has raised for the reform of the international
monetary and financial system
2. To provide a forum for debate among market
participants, policy makers and researchers.
KEYNOTE SPEAKERS:
1. Reform of the international financial institutions:
Mario Draghi, Banca d'Italia
2. Contribution of macroeconomic policies to stability:
Olivier Blanchard, International Monetary Fund
3. Reform of regulation and supervision: Patrick Bolton,
Columbia University
TOPICS:
The submission of research papers in the following fields is
especially encouraged:
1. Causes and evolution of the financial crisis
- Role of monetary policy and financial regulation
- Role of large emerging market economies in global
imbalances
- Role of financial innovation, rating agencies,
mispricing of risk, managerial incentives, etc.
- Real effects of the crisis and financial feedbacks
2. Contribution of macroeconomic policies to stability
- Relative effectiveness of various macroeconomic policies
in restoring economic and financial stability
- Budgetary implications of public bailouts and support to
distressed institutions and their long-term consequences
- Coordination among the major industrial and emerging
countries in and after the crisis
3. Reform of regulation and supervision
- Design of regulatory and supervisory regimes: Is a new
paradigm needed?
- International accounting standards, market transparency
and pro-cyclicality of capital ratios
- Financial innovation, risk management and the role of
rating agencies
- Redressing managerial incentives in financial
institutions
4. Reform of the international financial institutions
- Re-defining the roles of the IMF, the BIS, the World
Bank and related institutions
- Coordination of policy responses and international
financial integration
- Supra-national bank supervision and systemic stability
PAPER SUBMISSION PROCEDURE:
Submission of papers on related topics falling within the
scope of the network, as described on its website:
http://www.eu-financial-system.org
is also welcome. Selected papers will have a discussant
and will be placed on the network website.
Research papers should be sent electronically (MS Word or
pdf versions only) to:
CONTACT: Sabine Wiedemann at the ECB
Email: MAILTO:sabine.wiedemann@ecb.int
by Monday, 7 September 2009. The authors of selected papers
will be informed by early October.
EXPENSES:
Travel (economy class round-trip) and accommodation expenses
will be covered for academic speakers.