The Bangko Sentral ng Pilipinas is organizing the 2016 BSP International Research Conference on "Revisiting macro-financial linkages: Looking back and looking ahead" to be held in Manila, Philippines on 20-21 September 2016 (Tuesday and Wednesday).
Macro-financial linkages explain the interactions between the financial sector and the domestic economy, how financial sector variables such as asset prices affect the real economy or, vice-versa, how real sector variables such as economic growth and income can impact the financial sector. Such linkages were highlighted by the Global Financial Crisis (GFC) when relatively loose monetary policies in advanced economies resulted in rising leverage in both household and corporate sectors, and credit exposures to the real estate sector. These linkages may also extend to cross-border transactions-the impact of global financial markets on domestic economies-through capital flows and cross-border loans, among others.
Looking back at the recent years, we could learn from the data and refine our models, for example, comparing data during and after the peak in credit. More importantly, we need to look ahead given the two major concerns of the global economy-impending normalization in policy rates of advanced economies and slowdown in global economy-with potential impacts on both the financial and real sectors. Revisiting macro-financial linkages from these two perspectives would allow us to use the lessons from the immediate past to refine our models to equip policymakers with tools that would provide warning signals of impending risks.
The BSP is encouraging the submission of papers on topics that include, but are not limited to, the following:
Submission of Papers:
Interested contributors should submit a draft paper or a two-page proposal/extended abstract, together with their curriculum vitae, to the Technical Committee (email@example.com) on or before 04 April 2016. The proposal should include the title of the paper, the author(s) name(s), affiliation(s) and contact information, main issues to be examined, relevant literature, intended contribution to the literature, and data sets and methodology to be used. Authors of accepted papers will be notified by 06 May 2016. Papers to be presented should be submitted not later than 22 August 2016.
Papers presented at the conference will be included in a conference volume to be published in 2017. Moreover, each paper will receive an honorarium of US$1,000. Hotel accommodation of presenters will be covered by the BSP.
Further information about the conference will be posted on the BSP website at http://www.bsp.gov.ph.
For any inquiry about the Conference, please contact:
The BSP Technical Secretariat
Download: PDF copy of Call for Papers
Last Updated: 08 December 2015
[ Back to top ]