4th International Conference on Sovereign Bond Markets

When:06 April 2017
  - 07 April 2017
Where:NUS Business School, Singapore

Public Debt Markets, Government Expenditures and Fiscal Prudence

The conference is sponsored by the National University of Singapore Business School and its Centre for Asset Management Research and Investments. Co-sponsors include the Mitsui Life Financial Research Center at the Ross School, University of Michigan, the Research Center SAFE at Goethe University Frankfurt, the Salomon Center for the Study of Financial Institutions at the Stern School, New York University, and the Center for Financial Research at Waseda University*.  

The objective of this conference series is to bring together academics, practitioners and policy-makers working in the area of sovereign bond markets. Invited speakers include prominent academics, industry experts, and senior officials and researchers from central banks such as the Bank of Japan, the European Central Bank, Monetary Authority of Singapore, and the Federal Reserve System. They will provide an opportunity for participants engaged in research, investments and trading and policy-making, at the forefront of this area to discuss both the causes and implications of recent events in sovereign bond markets.

This year, the focus of the conference is on the linkage between sovereign debt and real economic activity. To a certain extent, and at least in the short-run, public debt promotes economic growth given it allows the government to build infrastructure, provide health care, improve education and national job training efforts, all of which keep its citizens healthy and productive. That said, a common view is that too high a public debt level will impinge on overall economic growth in the long-run. However, not everyone agrees on the direction or cause of this correlation. This conference will analyze the causes and channels by which sovereign debt, unconventional monetary policies and economic growth are interlinked and their impact on savings, investments, capital markets, uncertainty, interest rates and liquidity both in developed and emerging countries. 

The Scientific Committee includes:

Bernard Yeung, NUS Business School 

Michael Fleming, Federal Reserve Bank of New York  

Simone Manganelli, European Central Bank 

Loriana Pelizzon, Research Center SAFE at Goethe University Frankfurt 

Paolo Pasquariello, University of Michigan 

Marti G. Subrahmanyam, NYU Stern 

Jun Uno, Waseda University 

Toshinao Yoshiba, Bank of Japan

CONFERENCE DEADLINES: Those wishing to present a paper at the conference should submit by December 15, 2016 to sovereign.conference@greta.it. Decisions regarding acceptance will be made by January 15, 2017.

The conference will provide a stipend of $1,000 to each presenter and discussant to help defray travel and lodging expenses. Please visit the conference website for further information about the current and past conferences. 

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* Pending co-sponsors include the Monetary Authority of Brunei Darussalam, the Bank of Canada, and the Monetary Authority of Singapore