This annual central bank workshop gives researchers, policy-makers and practitioners the opportunity to discuss theoretical work, empirical findings and policy implications related to the microstructure of financial markets. Financial market microstructure may influence - and be affected by –...

Global trade growth was very weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, this trade elasticity has since declined to below unity. This raises the question to what extent the change in the relationship between global...