On 14-15 September 2012, the Department of International Institutional Comparisons of the Ifo Institute for Economic Research, CESifo and the Deutsche Bundesbank will hold a conference on “The Banking Sector and the State”.
As recent years have shown, there exist manifold linkages between the banking sector and the state. During the financial crisis, governments took extraordinary measures to ensure the proper functioning of financial markets and to prevent a collapse of the banking sector. As a result, risks moved from the banking sector to the public sector. On the other hand, banks usually hold large sovereign exposures, which helped countries to finance their budget deficits. This means, however, that the solvency of banks is inevitably linked to the solvency of the state. If the latter is imperilled, as is the case in some European countries, the consequences for the financial sector can be severe.
The conference is intended to address the above-mentioned questions, which are currently at the centre of the policy debate. To this end, papers are solicited in the areas of macroeconomics, banking and finance, including
- The role of institutions and interlinkages before and during financial crises
- Bank liquidity and systemic stability: the macroprudential perspective
- “Too big to fail”, bailouts and exit strategies, the economics of “bad banks”
- The political economy of public banks
Both theoretical and empirical papers are welcome.
We are delighted that our keynote lecture will be given by Viral Acharya, New York University Stern School of Business.
Conference Costs and Publication Opportunities
The organisers will provide accommodation and reimburse travel costs (economy class) for authors presenting their accepted papers. All papers presented at the conference are invited to be submitted to the CESifo Working Paper Series.
Robert Marquez (Boston University), Jörg Rocholl (ESMT), Bruno Parigi (University of Padova) and Thorsten Beck (Tilburg University)
Frank Heid (Deutsche Bundesbank), Florian Buck (CES) and Christa Hainz (ifo Institute)