SBM Conferences

SOVEREIGN BOND MARKETS:

SAILING IN CALM AND STORMY WATERS

Dear Colleagues and Friends,

It is our pleasure to invite you to attend the 11th International Conference on Sovereign Bond Markets.

The conference this year focuses on Sailing in Calm and Stormy Waters, and it is hosted by the Bank of Italy at its Venice branch. Co-organizers include the Bank of Canada, the Deutsche Bundesbank, the European Central Bank, the Imperial College|Brevan Howard Centre for Financial Analysis, the Leibniz Institute for Financial Research SAFE, the London Business School|AQR Asset Management Institute and the NYU Stern|Volatility and Risk Institute.

Over the past year or so, most central banks around the globe have been achieving remarkable success in combating post-pandemic inflation. Some argue that inflation landing has been bumpy, i.e., not without material costs in terms of reduced economic opportunities and allocation inefficiencies on Main Street, as well as banking fragility and financial distortions on Wall Street. Others instead argue that modern central banking has achieved the rare feat of soft-landing high inflation while supporting a protracted recovery despite a trifecta of geopolitical challenges --- the global conflicts in Ukraine and the Middle East, post-pandemic supply chain strains, and unresolved fiscal quandaries. This debate is likely to continue, and so are the unprecedented challenges currently faced by global capital markets.

The final program will include both submitted and invited papers. 

The Conference will also feature panel discussions on the major outstanding issues in sovereign bond markets.

CALL FOR PAPERS

• Unconventional monetary policies during periods of turmoil and:
  
  1. Pricing of financial assets and exchange rates
  2. Divergent policy-making around the globe
  3. Market participants, primary dealers, and other institutions
  4. Risk taking by banks
  5. Spillovers and network effects from the US/Europe/Japan to other economies
  6. Spillovers and network effects across asset classes
  7. Currency regimes
  8. Investment and financial decisions of firms
  9. Financial market liquidity
  10. Sovereign debt issuance, management, and operational strategies.

• The impact of inflation-motivated monetary and fiscal policies on the sovereign bond markets

• Financial stability in an unstable world and:
  1. Soft versus bumpy landing and sovereign risk
  2. Conflicting monetary and fiscal policies
     
  3. The bank-sovereign “doom loop”
  4. Soft versus bumpy landing and financial fragility
  5. Financial dislocations and their real effects.

While the above topics define the broad contours of the areas of interest, papers in related areas may also be considered.

Those wishing to present a paper at the Conference should submit by December 15, 2024 at Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo..

Decisions regarding acceptance will be made by February 1, 2025.

The final version of accepted papers must be received by March 1, 2025.

IMPORTANT DATES

• December 15, 2024 Papers submission deadline
• February 1, 2025 Paper acceptance notification
• March 1, 2025 Deadline for sending final version of accepted papers
  

SPONSORS

SOVEREIGN BOND MARKETS IN GEOPOLITICAL STORMS

Dear Colleagues and Friends,

It is our pleasure to invite you to attend the 12^th International Conference on Sovereign Bond Markets.

This year's conference focuses on Sovereign Bond Markets in Geopolitical Storms and is hosted by the Banque Centrale du Luxembourg at the European Stability Mechanism premises. "Co-organizers include the Bank of Canada, the Bank of Italy, the Deutsche Bundesbank, Euronext-MTS, the European Central Bank, the European Stability Mechanism, the Imperial College|Brevan Howard Centre for Financial Analysis, the Leibniz Institute for Financial Research SAFE, the McGill Luxembourg Centre for Finance, and the NYU Stern|Volatility and Risk Institute.

As global geopolitical and macroeconomic uncertainty rises, financial markets are displaying strains across the board, and no asset has been spared, from stocks to exchange rates to corporate bonds to commodities. Yet, at the center of it all are once again the markets for government bonds after more than a decade of relative calm following the crisis of the Euro. Inflation, political risk, trade wars, tariff uncertainty, and burgeoning debt have all been rocking sovereign bond markets at the same time when several governments around the world increasingly rely on them to fund expanding budget deficits. Central banks continue to hold large amount of these securities, whose gyrations affect their ability to pursue stabilizing monetary policies. This turmoil is likely to continue, and so are the unprecedented challenges currently faced by global capital markets.

The final program will include both submitted and invited papers. 

The final program will include both submitted and invited papers. The conference will also feature a keynote speaker and a panel discussion on major outstanding issues in bond markets.

CALL FOR PAPERS

• Conventional and unconventional monetary policies during periods of turmoil and:
  
  1. Pricing of financial assets and exchange rates
  2. Divergent policy-making around the globe & political risk
  3. Market participants, primary dealers, and other institutions
  4. Risk taking by banks
  5. Spillovers and network effects from the US/Europe/Japan to other economies
  6. Spillovers and network effects across asset classes
  7. Currency regimes
  8. Investment and financial decisions of firms
  9. Financial market liquidity
  10. Sovereign debt issuance, management, and operational strategies.

• The impact of monetary, fiscal, and trade policies on the sovereign bond markets

• Financial stability in an unstable world and:
  1. Soft versus bumpy landing and sovereign risk
  2. Conflicting monetary, fiscal, and trade policies
     
  3. The bank-sovereign “doom loop”
  4. Soft versus bumpy landing and financial fragility
  5. Financial dislocations and their real effects.

While the above topics define the broad contours of the areas of interest, papers in related areas may also be considered.

Those wishing to present a paper at the Conference should submit by December 15, 2025 at Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo..

Decisions regarding acceptance will be made by February 1, 2026.

The final version of accepted papers must be received by March 1, 2026.

INVITED SPEAKER

IMPORTANT DATES

• December 15, 2025 Papers submission deadline
• February 1, 2026 Paper acceptance notification
• March 1, 2026 Deadline for sending final version of accepted papers
  

SPONSORS

VENUE

European Stability Mechanism
6a, Circuit de la Foire Internationale
L-1347 Luxembourg
www.esm.europa.eu