Topics: 1) Sources of financial frictions: - Sources of liquidity - Reasons of market incompleteness and dysfunctions - Role of banks 2) Financial frictions in macromodels - Financial sector and real economy - Sources and consequences of financial crises - ‘Sudden stops’, financial contagion...

The theme of ESPAnet’s 2010 Annual Conference is the social consequences of the global financial crisis and their differential impacts across Europe. The main questions for consideration include: How is the crisis affecting already existing inequalities? How are different social classes and...

The three main sessions of the conference focus on: - The Post-Crisis Macroeconomic Environment for Banking in CESEE - New Banking Models - Issues in Supervision