Call for Papers

In the aftermath of the financial crisis, the key role played by sovereign debt in facilitating financial intermediation has received increased attention from academics, debt managers, and policy makers in general. The use of government debt to obtain funding liquidity, and to help in the price discovery process, is essential to maintaining well-functioning financial markets. An understanding of the mechanisms underlying the interaction between sovereign debt and financial intermediation is required for debt managers to tailor financial market policies to achieving macroeconomic goals.

We solicit theoretical and empirical papers on the interactions between financial intermediation and sovereign debt markets. Topics of interest include:

• Sovereign debt distribution: participants, auction mechanisms, and market outcomes
• Financial intermediation and the term structure of sovereign debt issuance
• Liquidity provision, transaction costs, and price formation in secondary sovereign bond markets
• Regulations (e.g., Basel III, Dodd-Frank) and their impact on financial intermediaries
• Unwinding of unconventional monetary policies and their impact on sovereign bond markets
• Sovereign debt issuance and spillovers to small open economies

Papers in related areas may also be considered.

Those wishing to present a paper at the Conference should submit by December 15, 2017 to sovereign.conference@greta.it

Decisions regarding acceptance will be made by February 1, 2018.

The final version of accepted papers must be received by March 1, 2018.

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