SOCIAL, SOVEREIGN AND GEOPOLITICAL RISKS

GRETA Associati (Venice, Italy), CRIF (Bologna, Italy), European Datawarehouse (Frankfurt, Germany), European Investment Bank (Luxembourg), European Investment Fund (Luxembourg) and Intesa Sanpaolo (Milan, Italy) are partners in organasing a Conference to be held in Venice on September 21-22, 2023.

The C.r.e.d.i.t. 2023 conference will bring together academics, practitioners and PhD students working in various areas of financial and socio-economic risk with the aim of creating a unique opportunity for participants to discuss research progress and policy as well as industry-relevant insights and directions for future research.

The conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (Ca’ Foscari University of Venice), ABI - Italian Banking Association, AIAF - Associazione Italiana per l'Analisi Finanziaria and AIFIRM - Associazione Italiana Financial Industry Risk Managers, is the twenty-second of a series dedicated to various aspects of credit risk.

Recent years have seen a series of crises (from health/pandemic to climate/energy) that have not only put a strain on global mechanisms previously seen as robust,  but have exacerbated existing weaknesses and so increased vulnerability in new crisis situations. The social impact of the pandemic was partially mitigated by public interventions but social conditions then worsened with the soaring costs of energy, raw materials and inflation more broadly. Social and energy costs, which inevitably weigh on invidual countries and aggravate already delicate local situations (e.g., public debts), have led to growing geopolitical tensions, with global systemic consequences. The C.r.e.d.i.t. 2023 conference will be dedicated to Social, Sovereign and Geopolitical Risks to discuss, evaluate and address the near- and medium-term macro-financial impact of persistent crises (“permacrisis”) that can affect the stability of financial as well as socio-economic systems.

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Elisa Giuliani (University of Pisa), Helen Rey (London Business School), Roberto Rigobon (MIT Sloan School of Management)  and Moritz Schularick (Sciences Po Paris & University of Bonn). The Conference will also include panel discussions on the major issues at stake with the views of researchers', practitioners' and policy makers and a session dedicated to the EU funded project TranspArEEnS.

CALL FOR PAPERS

The organizers encourage submissions on any topic within the overall theme of the conference and in the following areas in particular:

• SOCIO-ECONOMIC STABILITY: Future development of income (and wealth) inequality and social polarization; Risk, inequality and employment impacts of crises and policies; Gender and skilling issues will increase or help the transition?
• SOVEREIGN RISKS: Sovereign debt with low economic growth; Long term challenges for fiscal and monetary policies: green transformation, commodity prices, de-globalization and demographic trends; Inflation and exchange rate risks; Environmental and social inter-dependencies; social and environmental preferences and how these affect the stability and macroeconomic wellbeing of a given country; Challenges in measuring the ESG ratings of countries and thus of sovereign debt
• GEOPOLITICAL RISKS: Global supply chain and de-globalization risks for finance; Do international energy price discrepancies pose risks for the competitiveness of EU firms’ and might this have implications for the real exchange rate to?; Risks stemming from accelerating deglobalisation; Cyber-risk vulnerabilities of banks and firms
• ENERGY/COMMODITY SECURITY: Energy prices and financial performance of firms; Inefficiency of energy markets under scarcity; Transition costs under high energy and resource prices; Volatility of energy-related asset prices (both brown and green) and implications for medium and long term investments in energy production technologies, energy commodity assets and energy infrastructure;  Implications of net zero policies for the prices of real estate assets, especially for homeowners and households
• LONG RUN INVESTMENTS AND PORTFOLIOS: Stability of asset market equilibria under low returns; Regulation (-demand) driven asset prices; Equilibrium asset price levels under structural transformation and high uncertainty; Net zero pledges and the possible trade-off between sustainability and returns; Engagement versus divesting

Those wishing to present a paper at the Conference should submit by May 31, 2023 to the address given below (preferably in electronic format).

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2023.

The final version of accepted papers must be received by August 31, 2023.

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IMPORTANT DATES

• May 31, 2023 Papers submission deadline
• June 30, 2023 Paper acceptance notification
• August 31, 2023 Deadline for sending final version of accepted papers
• August 31, 2023 Deadline for early registration

SPONSORS

AUSPICES

RELATED EU PROJECTS

INVITED SPEAKERS

VENUE

Palazzo Franchetti
San Marco 2842 - 30124 Venezia
Tel.: +39 041 2407755
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website: www.palazzofranchetti.it