In the recent past, developments in asset and housing markets have attracted a lot of attention. Economic policy, including monetary policy and financial supervision, has been confronted with several challenges resulting from this turmoil. The conference aims to shed more light on the reasons...

The topic of the 12th CEPR/ESI Annual Conference will be ‘The Evolving Financial System and the Transmission Mechanism of Monetary Policy'. The structure of the financial system has changed considerably in recent years in at least three ways.

The conference brings together leading academics, practitioners and policy makers to discuss the European regulatory framework in light of the recent events in the credit markets and the banking system. The purpose is to get a better understanding of the future development of the European...

The submission of both theoretical and empirical papers in the following fields is especially encouraged: - Competition for order, clearing and settlement flows - Consolidation vs. fragmentation effects at the various levels along the value chain - Importance of liquidity effects - Existence and...