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 inflationary times. Topics of interest include (but are not limited...

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...

A workhorse two-country portfolio model that embeds net foreign asset (NFA) imbalances rationalizes the following observation: debtor countries have on average a less diversified international portfolio than creditor countries. Abstracting from NFA imbalances, the model would feature a...

We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

Since 2008, the Bank for International Settlements and the World Bank, in corporation with partner institutions, have organized this biennial conference to discuss policy issues, quantitative methods and current challenges for central banks, sovereign wealth funds and public pension plans. The...

Decades of investment decisions by central planners left communist societies with structures of production ill-prepared for competitive markets. Their vulnerability to liberalization, however, varied across space. Similar to the effects identified in the "China shock'' literature, we hypothesize...

This paper sheds light on the effectiveness of policies addressing high non-performing loans (NPLs). Using data on ownership of subsidiaries of foreign banks in Emerging Europe, we first show that changes in NPLs of parent banks are associated with changes in NPLs of their foreign affiliates,...

Topics of interest: - Unconventional monetary policies and normalization of the monetary policy and: the pricing of financial assets, the risk taking by banks, the spillover effects to other developed and emerging markets, the financial market liquidity. - Basel III capital and liquidity ratio...

We solicit theoretical and empirical papers on the interactions between financial intermediation and sovereign debt markets. Topics: - Sovereign debt distribution: participants, auction mechanisms, and market outcomes, - Financial intermediation and the term structure of sovereign debt...

The conference is targeted at experts from the community of central banks and sovereign wealth managers (including commodity savings funds and sovereign pension funds) as well as academics. It aims to facilitate an ongoing dialogue between the reserve and asset management specialists of the...