Topic: any area of financial economics and related fields. Focus Sessions: - Capital Constraints and Asset Pricing (Nicolae Garleanu, University of California Berkeley and CEPR) - Investment-Based Asset Pricing (Lu Zhang, University of Michigan) - Financial Regulation (Emmanuel Fahri, Harvard...

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.