It is our pleasure to invite you to attend the 11th International Conference on Sovereign Bond Markets.
The conference this year focuses on Sovereign Bond Markets in smooth or bumpy landing times, and it is hosted by the Bank of Italy at its Venice branch. Co-organizers include the Bank of Canada, the Deutsche Bundesbank, the European Central Bank, Imperial College/Brevan Howard Centre for Financial Analysis, the Leibniz Institute for Financial Research SAFE, London Business School/AQR Asset Management Institute, and the NYU Stern/Volatility and Risk Institute.
11th International Conference on Sovereign Bond Markets
Sailing in calm and stormy waters
Venice, Italy
June 10-11, 2025
Paper Submission via sovereign.conference@greta.it
Deadline for submission: December 15, 2024
Over the past year or so, most central banks around the globe have been achieving remarkable success in combating post-pandemic inflation. Some argue that inflation landing has been bumpy, i.e., not without material costs in terms of reduced economic opportunities and allocation inefficiencies on Main Street, as well as banking fragility and financial distortions on Wall Street. Others instead argue that modern central banking has achieved the rare feat of soft-landing high inflation while supporting a protracted recovery despite a trifecta of geopolitical challenges - the global conflicts in Ukraine and the Middle East, post-pandemic supply chain strains, and unresolved fiscal quandaries. This debate is likely to continue, and so are the unprecedented challenges currently faced by global capital markets.
TOPICS
We solicit theoretical and empirical papers on the interactions between sovereign bond markets and conventional and unconventional monetary policy, regulation, fiscal policy, foreign exchange, and the macroeconomy in unstable times. Topics of interest include (but are not limited to):
• Unconventional monetary policies during periods of turmoil and:
1. Pricing of financial assets and exchange rates
2. Divergent policy-making around the globe
3. Market participants, primary dealers, and other institutions
4. Risk taking by banks
5. Spillovers and network effects from the US/Europe/Japan to other economies
6. Spillovers and network effects across asset classes
7. Currency regimes
8. Investment and financial decisions of firms
9.Financial market liquidity
10. Sovereign debt issuance, management, and operational strategies
• The impact of inflation-motivated monetary and fiscal policies on the sovereign bond markets
• Financial stability in an unstable world and:
1. Soft versus bumpy landing and sovereign risk
2. Conflicting monetary and fiscal policies
3. The bank-sovereign “doom loop”
4. Soft versus bumpy landing and financial fragility
5. Financial dislocations and their real effects.
While the above topics define the broad contours of the areas of interest, papers in related areas may also be considered. The final program will include both submitted and invited papers. The conference will also feature a panel discussion on the major outstanding issues in sovereign bond markets.
Those wishing to present a paper at the Conference should submit by December 15, 2024 at sovereign.conference@greta.it.
Decisions regarding acceptance will be made by February 1, 2025.
The final version of accepted papers must be received by March 1, 2025.
CONFERENCE DEADLINES:
Those wishing to present a paper at the Conference should submit by December 15, 2024 to sovereign.conference@greta.it
Decisions regarding acceptance will be made by February 1, 2025. The final version of accepted papers must be received by March 1, 2025.
A limited travel budget is available for presenters and discussants to help defray travel and lodging expenses.
CONFERENCE WEBSITE
Please visit the webpage https://greta.it/index.php/it/sbm-2025 for further information about the current and past conferences.
The Scientific Committee for this Conference includes:
Rui Albuquerque, Carroll School of Management, Boston College
Patrick Augustin, McGill University
Flavia Corneli, Bank of Italy
Antonio Diez de los Rios, Bank of Canada
Robert Engle, NYU Stern
Michael Fleming, Federal Reserve Bank of New York
Edith Hotchkiss, Carroll School of Management, Boston College
Stephan Jank, Deutsche Bundesbank
Tetsuo Kurosaki, Bank of Japan
Simone Manganelli, European Central Bank
Sergio Mayordomo, Bank of Spain
Paolo Pasquariello, Ross School of Business, University of Michigan
Loriana Pelizzon, Leibniz Institute for Financial Research SAFE
Stephen Schaefer, London Business School
Marti G. Subrahmanyam, NYU Stern
