The abrupt end of the low-interest-rate period together with the rise in inflation and the disruptions caused by Russia’s war of aggression against Ukraine fundamentally change the business environment for financial intermediaries. Technological advances and new climate-related risks also put...

The transition to a low-carbon economy requires shifting trillions from brown to green activities. Given that the horizon of materialisation of climate risk is narrowing, the need to change scale is becoming more pressing for all actors. Also, central banks are playing an increasingly important...

The aim of the conference is to improve our understanding of the nature of financial cycles and to discuss the corresponding analytical challenges and implications for macroprudential policy and financial regulation. The conference is also an opportunity for an exchange of views of researchers...

Topics: • What are the different sources of (il)liquidity, and how are they related? • How can liquidity risk be measured? • The risks arising from liquidity spirals, and how to contain them. • The consequences of aggregate liquidity shortages for bank liquidity management. • Opacity...

Programm: - Excess Global Savings, Zero Interest Rates and the Confluence of Fiscal and Monetary Policy - Global Interest Rates, Monetary Policy, and Currency Returns - The Domestric and International Effects of Interstate U.S. Banking - Financial Innovation, the Discovery of Risk, and the U.S....