Forthcoming Events

The 30th CEPR/Study Center Gerzensee European Summer Symposium in Financial Markets (ESSFM) will take place in Gerzensee from 15 to 26 July 2019. The Organising Committee for this symposium consists of: Norman Schuerhoff (Université de Lausanne and CEPR), Dmitry Livdan (University of California, Berkeley) and Vikrant Vig (London Business School and CEPR). This call for papers invites you to express your interest in attending this symposium, or to submit a paper proposal in any area of financial economics and related fields.

The meeting will include daily seminars in the morning, in which participants present their work, as well as less formal evening seminars scheduled at the beginning of the Symposium. A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research.

In addition, four mornings will be devoted to 'focus sessions', each of which concentrates on some recent developments in asset pricing (week one: 15-19 July) and corporate finance (week two: 22-26 July).

The focus sessions for the asset pricing week are organised by Bruno Biais (TSE and CEPR) and Dimitri Vayanos (LSE and CEPR). One of the themes will focus on "Pricing and Sharing Bitcoin Risk" featuring speakers Linda Schilling (École Polytechnique CREST), Harald Uhlig (University of Chicago and CEPR), Albert Menkveld (Vrije Universiteit Amsterdam) and Zhiguo He (University of Chicago). The other theme is "Asset Management and Market Equilibrium" featuring speakers Peter DeMarzo (Stanford University) and Juhani Linnainmaa (University of Chicago).

The focus sessions for the corporate finance week are organised by Patrick Bolton (Columbia Business School and CEPR) on the theme of "Financial Regulation", Marco Pagano (Università di Napoli Federico II and CEPR) on the theme of "Labour and Finance" and Daniel Paravisini (LSE and CEPR) on the theme of "Household Finance"

To foster the desired interaction, we ask participants to spend one working week at the Symposium. Committing to attend for only two or three days is not fair to the speakers, to all those who spared the time to attend, and especially to the many researchers whose applications were turned down.

A number of places at the symposium are specifically reserved for younger European scholars (based in Europe or overseas), who are especially encouraged to apply. Senior researchers are therefore requested to pass this information on to junior colleagues working in finance and related fields.

Funding

Food and accommodation (checking in on Sunday and out on Friday only) are provided free of charge to participants thanks to the generosity of the Study Center Gerzensee. Please note that additional nights are at the participants' own expense and that no meals (except for breakfast) are provided over the middle weekend. Space is allocated first to academic participants, but subject to the availability of rooms, spouses/partners can be accommodated at a charge to cover costs. There is only limited accommodation available for children, and this will be allocated on a first-come, first-served basis.

There is limited travel funding available, but we encourage participants to use their own grants to cover such costs. Please indicate on your reply whether you will be able to cover your own travel costs, or whether you will require funding from CEPR (if there are insufficient funds to cover all travel expenses, we will attach priority to funding junior participants). If you are allocated travel funding, this will be covered according to CEPR Travel Guidelines.

How to apply

To respond, please visit: https://portal.cepr.org/ceprstudy-center-gerzensee-european-summer-symposium-financial-markets-essfm-2019 and indicate whether or not you wish to present a paper or would be willing to act as a discussant. The deadline for replies is 6pm (GMT), Friday 5 April 2019. If you have any difficulties registering for this meeting, please contact Mandy Chan, Events Officer at [email protected] (with subject header "5721 - ESSFM 2019") or +44 20 7183 8804.

During the online submission process, you will also be asked to indicate which week you would like to attend and whether you would be interested in attending even if your paper was not selected. We also ask that you submit a link to your current CV.

The organisers will aim to notify successful applicants by May 2019.

Yours sincerely,

Financial stability is an essential requirement for healthy development of the economy. During the last decades, many countries around the world have achieved the positive effects of rapid financial industry growth owing to the progress of financial liberalization. At the same time, however, they have also experienced periods of dramatic slowdown in economic growth, due to heavy economic expenses arising from financial instability or financial crises. Financial stability became more challenging and complicated issues in the aftermath of the Global Financial Crisis when unprecedented monetary easing in advanced economies prompted a global search for yield with investors flocking into emerging markets, loosening financial conditions, and contributing to a broader mispricing of domestic assets. On the other hand, juries are still out on real effects by the strengthened regulation and supervision. Moreover, new challenges emerged recently, for example, by new financial services based on IT advancement and use of big data as well as by a slowdown in cross-border financial flows. The papers in the TRIO conference 2019 tackle some of these issues.

Topics include, but are not restricted to:

• Financial stability
• Financial regulations and supervisions
• Efficiency of credit allocations
• Corporate investments
• Corporate governance
• Corporate savings
• Household savings
• Residential investments
• Bankruptcy procedures
• Capital controls
• International capital flows
• Cross-border banking
• Financial literacy
• Payment system
• Financial innovations
• IT and finance
• Financial data and privacy

A special issue of the Journal of the Japanese and International Economies (JJIE) on the conference theme will be published under Guest Editorship. Authors whose papers are presented at the conference are expected to submit their papers to the JJIE special issue. Papers submitted for this special issue will undergo the normal journal reviewing process.

Organisers