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

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.

Topics: • Corporate and small business debt in foreign currency • Currency structure of household liabilities (e.g. mortgages) and assets • Modeling of currency risk • Regulation and supervision of currency risk (banks versus non bank institutions)

This course develops a theoretical framework for the analysis of financial market liquidity and asset pricing organized around the principle of balance sheet spillover effects of leveraged financial institutions. The course begins with the theoretical framework for pricing assets in an...

Financial stability is emerging as a distinct policy function of central banks, requiring its own scholarship separate from, but related to, monetary policy or bank supervision. One element of financial stability is to understand the benefits of and potential risks posed by new financial...

We welcome high quality submissions - theoretical or empirical - on the topics of banking and financial intermediation more generally.