20 May 2022

SAFE young researchers present their work at international conferences

Presentations on fiscal discipline of sovereigns in the corona pandemic, liquidity risks, and bank bailouts

Several young researchers from the Financial Markets Department of the Leibniz Institute for Financial Research SAFE have presented their work at internationally renowned conferences or have been invited to do so.

Matteo Bagnara and Ruggero Jappelli presented their paper “Liquidity Derivatives” at the Financial Markets and Corporate Governance Conference (FMCG 2022) at Monash Business School in Australia in April 2022 and at the Stern/Salomon Microstructure Conference at New York University's Stern School of Business in May 2022. In their paper, the researchers focus on market liquidity risks of investors and contracts to hedge against uncertainties in future transaction costs.

SAFE to present at European Finance Association annual meeting

SAFE researcher Christian Mücke will present how government bailouts can affect lending in times of crisis at the European Finance Association (EFA) Annual Conference in Barcelona in August 2022 with SAFE Working Paper No. 316 on "The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments". The paper also won two awards in 2021 and is also scheduled to be presented at the SFS Cavalcade North America 2022 at the University of North Carolina on 22 to 25 May 2022.

Rachel Nam has also been admitted to this year’s EFA PhD workshop. While there, the SAFE researcher will participate in the “New Frontiers in Finance” workshop series, which focuses on FinTech, digital currencies, and blockchains. SAFE postdoctroal researcher Zorka Simon will also be at EFA 2022, where she will present SAFE Working Paper No. 275 on “Collateral Eligibility of Corporate Debt in the Eurosystem”. In this paper, the authors examine the implications of the collateral framework in the Eurosystem for corporate bonds.