Short-term funding markets provide essential short-tenor financing for banks, dealers, and nonfinancial firms. They also play a central role in monetary policy transmission. These markets have experienced substantial funding stress and investor runs during the 07-09 financial crisis and the recent Covid-19 market turmoil, destabilizing the financial markets and beyond.
This conference aims to bring together researchers, regulators and others interested in related topics, with a broad interest in liquidity transformation and funding provision by banks, dealers and money market funds, as well as structure and network of short-term funding markets.
This year’s topics include:
- Liability Structure of Financial Intermediaries
- Liquidity Provision by Central Bank
- Short-Term Interest Rates
- Funding Conditions for Banks and Dealers
Professor Gary Gorton from the Yale School of Management will deliver a keynote speech on "Private Money Production Without Banks."
Please visit our agenda for links to all papers presented.