International Conferences on Sovereign Bond Markets


Call for Papers

Many central banks in both industrialized countries and emerging markets responded to the financial crisis of 2008 and the accompanying global recession by adopting various forms of quantitative easing (QE) --- e.g., by buying massive amounts of bonds and other securities from market participants --- in order to provide liquidity to the markets, reduce the cost of capital, and ultimately foster economic growth.

More than a decade later, some central banks are in the process of unwinding at least some of these policies; many others, however, have signaled their willingness to maintain QE facilities in place indefinitely, as they are faced with increasing global economic and financial instability --- such as volatile currency markets, rising trade frictions among countries, and increasing indebtedness of the private and public sector. This policy choice raises the question of whether unconventional QE will become the "new normal" and so will its effects (and potential distortions) on both Wall Street and Main Street.

We solicit theoretical and empirical papers on the interactions between conventional and unconventional monetary policy, foreign exchange and sovereign debt markets, and the macroeconomy.

Topics of interest include (but are not limited to):

  • Unconventional monetary policies and normalization of the monetary policy and
    • the pricing of financial assets and exchange rates
    • the risk taking by banks
    • spillovers and network effects to other developed and emerging markets
    • spillovers and network effects across asset classes
    • currency regimes
    • the investment and financial decisions of firms
    • financial market liquidity .
  • Financial regulation and deregulation and their impact on the sovereign bond markets
  • Financial stability and financial/monetary policies in a post-crisis world
  • Primary markets for sovereign debt.

Papers in related areas may also be considered.

Those wishing to present a paper at the Conference should submit by December 1, 2019 to sovereign.conference@greta.it

Decisions regarding acceptance will be made by February 1, 2020.

The final version of accepted papers must be received by March 1, 2020.

A limited travel budget is available for presenters and discussants to help defray travel and lodging expenses.

 

Auspices

CREDIT Network
SoFiE