Conference on the Interconnectedness of Financial Systems

March 7-8, 2019

Federal Reserve Board, Washington, D.C.

Call for Papers

The crisis of 2007 highlighted the important role of interconnectedness in the functioning of modern financial systems. Policymakers around the globe created reforms that directly or indirectly use different measures of interconnectedness to promote financial stability. All these reforms have prompted an enormous growth of literature. Yet, the economic content of most interconnectedness measures and the role played by the structure of a complex and evolving financial system in shaping systemic risk remain imperfectly understood. This conference will bring together leading academics and policymakers to discuss research that expands our understanding of the interconnectedness of financial systems. We welcome theoretical and empirical contributions on topics including, but not limited to:

  • Challenges related to measuring and monitoring systemic risk;
  • Relationships between interconnectedness, financial stability monitoring, and asset markets;
  • Design of supervision and regulation in interconnected financial systems;
  • Impact of post-crisis reforms on interconnectedness and systemic risk;
  • Implications of interconnectedness for stress testing.
  • Informational aspects of interconnectedness.

Keynote speaker: Matthew Jackson (Stanford).

Tobias Adrian (IMF), Elena Carletti (Bocconi), Paul Glasserman (Columbia), Jeffrey Harris (SEC), Michael Kiley (FRB), and Nellie Liang (Brookings) have kindly agreed to participate in a roundtable discussion that will bring different perspectives regarding the challenges related to measuring and understanding interconnectedness.

Program Committee: Ana Babus (Washington University), Agostino Capponi (Columbia), Fernando Duarte (FRBNY), Matthew Elliott (Cambridge), Michael Gofman (Rochester), Michael Gordy (FRB), Galina Hale (FRBSF), Elizabeth Klee (FRB), Shawn Mankad (Cornell), and Alireza Tahbaz-Salehi (Northwestern).

Submission Procedure: The deadline for submissions is October 15, 2018. Please submit two PDF versions of your paper (one regular and one blinded) to interconnect@frb.gov. Authors of accepted papers will be notified by mid December 2018 and are expected to stay for the entire conference. Accommodation and travel expenses will be covered for authors and discussants.

Organizing Committee: Celso Brunetti (FRB), Carlos Ramírez (FRB), and Filip Zikes (FRB).

For additional information about the conference, please send an email to interconnect@frb.gov.

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Last Update: May 11, 2018