Post-crisis macro prudential regulations and various facilities implemented during the COVID-19 pandemic directly or indirectly use different notions of interconnectedness to reduce systemic risk and promote financial stability. Yet, the economic content of most interconnectedness measures and the role played by the structure of the financial system in shaping systemic risk remain, at best, imperfectly understood.
This conference will bring together leading academics and policymakers to discuss research that expands our understanding of the interconnectedness of financial systems. We welcome theoretical and empirical contributions on topics including, but not limited to:
– New approaches to measure and monitor systemic risk;
– Pandemics and financial stability;
– Impact of post-crisis reforms on interconnectedness and systemic risk;
– Design of supervision and regulation in interconnected financial systems;
– Financial stability implications of fire sales and short-term funding markets;
– Implications of interconnectedness for stress testing.
Keynote speaker: Hyun Song Shin (BIS)
Andrea Galeotti (LBS), Michael Kiley (FRB), Stacey Schreft (FRB), and Alireza Tahbaz-Salehi (Northwestern) have kindly agreed to participate in a roundtable discussion that will bring different perspectives regarding the challenges related to measuring and understanding interconnectedness.
Program Committee: Alyssa Anderson (FRB), Haelim Anderson (FDIC), Enghin Atalay (Philadelphia Fed), Ana Babus (Washington University), Agostino Capponi (Columbia), Maryam Farboodi (MIT), Rod Garratt (UCSB), Co-Pierre Georg (University of Cape Town and Bundesbank), Elizabeth Klee (FRB), Shawn Mankad (Cornell), Camelia Minoiu (FRB), Mark Paddrik (OFR), Matthew Pritsker (Boston Fed), and Alireza Tahbaz-Salehi (Northwestern).
Submission Procedure: The deadline for submissions is July 15, 2021. Please submit two PDF versions of your paper (one regular and one blinded) to [email protected]. Authors of accepted papers will be notified by mid October 2021 and are expected to stay for the entire conference. Accommodation and travel expenses will be covered for authors and discussants. If global health conditions and travel restrictions necessitate, the conference will take place as a virtual meeting.
Organizing Committee: Celso Brunetti (FRB), Jin-Wook Chang (FRB), Carlos Ramírez (FRB), and Filip Zikes (FRB).
For additional information about the conference, please send an email to [email protected].