The goal of the conference is to bring together participants for an exchange of views on topics of relevance to the Commission. Topic areas: corporate finance, market microstructure, financial intermediation, and asset management.

The PIER Tools Workshop consists of three six-hour mini-courses, nine hours of practical training sessions (labs), two distinguished guest lectures, the Penn Faculty Lecture, and a half-day, practice-oriented mini-workshop. The courses cover nonlinear models of credit booms, financial crises and...

Topics: - Theories that can help identify key drivers of the observed joint dynamics of growth and inequality; - Comparative analysis of structural change across developed economies and its consequence for growth and inequality; - The role of policies, such as wage compression, retraining, and...

The forum will focus on the legal and economic issues involved in the advance of technology into the financial markets. Various legislative proposals and regulatory initiatives (including on BigTech and Mixed Activity Groups) have recently been launched at a European level to enhance the...

Co-author: Luhang Wang (Xiamen University) . In China, the relative wages of high-skilled and low-skilled workers display huge variation across different regions. We examine whether financial intermediation development can explain such variation. Conceptually, better-developed financial...

Co-authors: Yiping Huang (Peking University), Han Qiu (Bank for International Settlements) and Changhua Yu (Peking University) Through the lens of a unique dataset covering the full borrowing history of sampled firms from both BigTech and traditional bank lenders in China, we compare the...

Long-term trends like demographic change and climate change pose major challenges for the sustainability and stability of financial markets. For households, firms and financial institutions these entail far-reaching implications with regard to financial decision-making, old-age provision,...

The conference covers all economic and financial aspects of crypto investment, including the pronounced rise in 2021 of non-fungible tokens (NFTs) as cryptocurrency and blockchain derived assets. Of particular interest, are strategic perspectives, investment performance perspectives, as well as...

Professors Itamar Drechsler, Alexi Savov and Philipp Schablwill teach the course. It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers and economists working in central banks and...

The organising committee of this small, informal conference invites submissions of high quality theoretical or empirical research papers on financial intermediation.