INTERNATIONAL WORKSHOP ON FINANCIAL SYSTEM ARCHITECTURE & STABILITY (IWFSAS)
IWFSAS 2017 organizers:
This year’s IWFSAS meeting is hosted in Montreal and organized and by the International Research Centre on Cooperative Finance (IRCCF) of the Alphonse and Dorimène Desjardins International Institute for Cooperative at HEC Montreal and the University of Victoria’s Gustavson School of Business and the Department of Economics.
Aim and Topics
Financial system diversity may reflect diversity in markets (e.g. equity, bond, derivatives, money markets and others), or institutions (e.g. banks, insurance companies, non-bank financial institutions), or institutional forms (e.g. shareholders versus stakeholders value institutions). Such diversity may imply diversity in business models, different incentives, or different stages of development and the emergence of new forms of finance. Diversity can enhance the resilience of financial systems during shocks and periods of high uncertainty. However, diversity can also potentially lead to systemic instability. Diversity certainly leads to regulatory challenges and potential regulatory arbitrage. Further, the increasing interconnectedness within modern financial systems could result in the failure of one small part of a diverse financial system to disrupt the functioning of other more important parts of the system. There is no clear-cut evidence about the merits and risks of fostering diversity in financial systems. The topic of diversity seems also missing in the current debate on financial reforms to improve financial sector performance and resilience to possible shocks at the national, regional and global levels.
IWFSAS 2017 aims at providing an opportunity for established and emerging researchers and policy makers to discuss the merits and risks of diversity in the financial system architecture, particularly in terms of the links between diversity and systemic risk, impact on financial stability and un-stability, the role of diversity in financing the economy and stimulating growth, and the inter-linkages with monetary policy, financial regulation and supervision.
We welcome theoretical and empirical contributions on this topic and other related topics of interest in finance and economics. Topics of interest include, but are not limited to, the following:
Financial system diversity, competition and macro-financial stability;
Theories and measures of diversity in the financial systems;
Systemic risk and contagion in diverse financial systems;
Ownership structures and business models in financial institutions;
Regulation, supervision and resolution for various institutional forms and markets;
Monetary policy transmission and financial structure;
New emerging forms of finance and financial stability;
Financial inclusion, inequality and stability in emerging markets
Fintech, access to financial services, and financial stability;
Informal finance, venture capital, and non-bank financial institutions;
Mutual funds, pension funds, insurance companies and financial stability;
Sustainable finance, impact investing and socially responsible investment funds.
Best Paper Award
The Best Paper drawn from the papers presented at the conference will be awarded the IWFSAS Best Paper Award.
Journal Publications Opportunities
The conference organizers, in collaboration with the Editor of the Journal of Financial Stability (JFS) will invite authors of selected papers presented at the 2017 IWFSAS to submit their manuscripts to JFS by September 30, 2017. These selected papers will undergo a fast-track review process.
Deadlines and registration
The International Workshop on Financial System Architecture & Stability (IWFSAS) 2017 will be held on August 24th and 25th, 2017.
Deadline for Submission: May 15, 2017
Notification of Acceptance: June 15, 2017
Early Registration Deadline: June 30, 2017
Conference dates: August 24-25, 2017
About the Keynote Speaker | Professor Anjan V. Thakor
Anjan Thakor holds the John E. Simon Professorship of Finance and is Director of the Olin Business School’s Doctoral program, and the Wells Fargo Associates Center for Finance and Accounting Research. He is also a research associate of the European Corporate Governance Institute. Until July 2003, he was the Edward J. Frey Professorship of Banking and Finance and Chairman of the Finance Group (2000-03) at the University of Michigan Business School. Prior to joining the University of Michigan, he served as the NBD Professor of Finance and Chairman of the Finance Department at the School of Business at Indiana University. Anjan has also served on the faculties of Northwestern University and UCLA as a visiting professor.
Anjan received his PhD in Finance from Northwestern University. His research, teaching and consulting are in the areas of asymmetric information, corporate finance, banking, and corporate strategy. He has published research articles in leading Economics and Finance journals, like The American Economic Review, The Review of Economic Studies, The RAND Journal of Economics, The Economic Journal, The Journal of Economic Theory, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial Intermediation, and The Review of Financial Studies. He has also published eight books, including The Four Colors of Growth, which introduces a new framework for developing value-enhancing growth strategies.
Some of Anjan’s accomplishments include:
- Research Productivity: In 2008, he was identified as the fourth most prolific researcher in the world in Finance over the past 50 years.
- Teaching: He has won numerous teaching awards at Indiana, Michigan and Washington University.
- Consulting: Anjan has served as a consultant on growth strategy, innovation, corporate cultures and financial strategy with dozens of corporations and has worked with thousands of executives, from middle management to executive committees, CEOs and boards of directors.
- Expert Witness Work: Includes numerous expert witness assignments on issues in Finance and Banking, including testimonies in Federal courts.
Conference Venue: HEC Montreal
HEC Montréal is a French-language university institution offering internationally renowned management education and research since 1907.
Register for the IWFSAS 2017
Registration fees will cover coffee breaks, two lunches and one dinner, as per the following schedule (all amounts in CAD):
Early registration (on or before June 30) $150
Late registration (between June 30-August 15) $250
PhD Students (early) $50
PhD Students (late) $100
Info for presenters, discussants & session chairs
For paper presenters: please allow for a maximum of 15 mn to present your paper.
For discussants: Please allow for a maximum of 10mn to comment on the paper. You are encouraged to prepare a formal presentation of your discussion and include suggestions to authors on how to improve their papers.
For session chairs: Please allow for 5mn Q&A from audiance before you move to the next paper in your session.
For more information please click "Further Official Information" below.
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