{ "title": "$name", "publication": "IMF Seminars, January 1, 1901", "sourceUrl": "https://www.imf.org/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy", "canonical": "https://www.imf.org/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy", "overlayPath": "/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy/index.md", "summary": "$name 研讨会 Conference Poster Related Links Global Financial Stability Report 7 Questions on Financial Interconnectedness Research at the IMF Institute for New Economic Thinking (INET) Deutsche Bundesbank Write to Us Want to know more about research at the IMF or have suggestions?", "publishDate": "0001-01-01", "sections": [ { "heading": "Overview and purpose", "content": "- The International Monetary Fund (IMF), in collaboration with the Institute for New Economic Thinking (INET) and the Deutsche Bundesbank, hosted a two-day conference on financial networks at the IMF’s Headquarters in Washington, D.C. on May 8-9, 2014.\n- Objective: provide a forum for information-sharing and coordination between academics and policymakers to strengthen resilience to spillovers and identify areas where more research is needed to support policy.\n- Rationale: The global financial crisis highlighted the need to better understand financial interconnectedness — direct and indirect exposures across asset markets and players — as a source of systemic risk and macroeconomic instability.\n- Emphasis: interconnectedness beyond interbank exposures, including securities and state-contingent exposures, and how failures or distress can create domestic and cross-border negative spillovers." }, { "heading": "Timing, attendance, and logistics", "content": "- Dates and times:\n - Conference start: Thursday, May 8 at 9:00 a.m.\n - Conference conclusion: Friday, May 9 at 2:00 p.m., ending with a high-level panel discussion followed by lunch.\n- Venue: IMF HQ2 Conference Hall 1, Washington, D.C.\n- Attendance: by invitation only; interested parties were instructed to email interconconf@imf.org, with note that capacity constraints meant not all requests could be accommodated.\n- Security requirement: invited attendees were required to present photo identification to enter the IMF at 1900 Pennsylvania Avenue, N.W., Washington D.C." }, { "heading": "Thematic sessions and research agenda", "content": "- Conference theme: implications of financial interconnectedness for systemic risk and financial stability, and links between network research and policy tools.\n- Key session topics and selected papers/authors:\n - Interbank and OTC market networks:\n - \"Trading Partners in the Interbank Lending Market\" — Gara Afonso (NY Fed), Anna Kovner (NY Fed), Antoinette Schoar (MIT); Discussant: Peter Hoffmann (ECB).\n - \"A Network View on Interbank Liquidity\" — Silvia Gabrieli (Banque de France) and Co-Pierre Georg (Deutsche Bundesbank); Discussant: Robin Lumsdaine (American University).\n - \"EffIciency and Stability of a Financial Architecture with Too-Interconnected-to-Fail Institutions\" — Michael Gofman (Wisconsin); Discussant: Mila Gemansky Sherman (UMass Amherst).\n - Welfare and contagion in networks:\n - \"Mandatory Disclosure and Financial Contagion\" — Fernando Alvarez (Chicago) and Gadi Barlevy (Chicago Fed); Discussant: Tariq Roukny (Université Libre de Bruxelles).\n - \"Intermediation in Networks\" — Mihai Manea (MIT); Discussant: Fernando Vega-Redondo (Bocconi).\n - \"Bilateral Trading in Networks\" — Daniele Condorelli (Essex) and Andrea Galeotti (Essex); Discussant: Ben Craig (Deutsche Bundesbank).\n - Systemic risk and contagion analysis:\n - \"Intermediation and Voluntary Exposure to Counterparty Risk\" — Maryam Farboodi (Chicago Booth); Discussant: Livio Stracca (ECB).\n - \"Financial Networks and Contagion\" — Matthew Elliott (Caltech), Benjamin Golub (Harvard), Matthew O. Jackson (Stanford); Discussant: Benjamin Tabak (Universidade Catolica de Brasilia and Federal Senate).\n - \"How Likely is Contagion in Financial Networks?\" — Paul Glasserman (Columbia), H. Peyton Young (Oxford); Discussant: Brenda González-Hermosillo (IMF, Monetary and Capital Markets Department).\n - Policy-focused sessions:\n - \"Addressing Interconnectedness: Concepts and Prudential Tools\" — Nicolas Arregui, Mohamed Norat, Antonio Pancorbo, Jodi Scarlata (IMF); Presenter: Mohamed Norat (IMF, Monetary and Capital Markets Department).\n - \"Sweden and the Global Banking System: Network Links and Vulnerabilities\" — Presenter: Eugenio Cerutti (IMF, Research Department).\n - \"Crisis Transmission in the Global Banking Network\" — Galina Hale (San Francisco Fed), Tümer Kapan (Fannie Mae), Camelia Minoiu (IMF, Research Department); Presenter: Camelia Minoiu (IMF, Research Department).\n - Forward-looking synthesis:\n - \"The Present and Future Role of Financial Networks\" — Stefano Battiston (University of Zürich), Co-Pierre Georg (Deutsche Bundesbank), Joseph E. Stiglitz (Columbia University and INET); Presenter: Stefano Battiston (University of Zürich)." }, { "heading": "High-level contributions and panels", "content": "- Opening remarks by Olivier Blanchard (Economic Counsellor and Director, Research Department, IMF).\n- Keynote: Joseph E. Stiglitz (Columbia University and INET) on \"Interconnectedness and Financial Stability\".\n- Closing panel chaired by José Viñals (Financial Counselor and Director, IMF, Monetary and Capital Markets Department) with panelists:\n - Claudia Buch (Halle Institute for Economic Research)\n - Sujit Kapadia (Bank of England)\n - Nellie Liang (Board of Governors of the Federal Reserve System)\n - Patricia Mosser (Office of Financial Research)\n - Sanjay Sharma (RBC Capital Markets)" }, { "heading": "Conference organization and contributors", "content": "- Conference organizers:\n - Stefano Battiston (University of Zürich)\n - Co-Pierre Georg (Deutsche Bundesbank)\n - Brenda Gonzalez-Hermosillo (IMF)\n - Camelia Minoiu (IMF)" } ], "bullets": [ "The International Monetary Fund (IMF), in collaboration with the Institute for New Economic Thinking (INET) and the Deutsche Bundesbank, hosted a two-day conference on financial networks at the IMF’s Headquarters in Washington, D.C. on May 8-9, 2014.", "Objective: provide a forum for information-sharing and coordination between academics and policymakers to strengthen resilience to spillovers and identify areas where more research is needed to support policy.", "Rationale: The global financial crisis highlighted the need to better understand financial interconnectedness — direct and indirect exposures across asset markets and players — as a source of systemic risk and macroeconomic instability.", "Emphasis: interconnectedness beyond interbank exposures, including securities and state-contingent exposures, and how failures or distress can create domestic and cross-border negative spillovers.", "Dates and times:", "Venue: IMF HQ2 Conference Hall 1, Washington, D.C.", "Attendance: by invitation only; interested parties were instructed to email interconconf@imf.org, with note that capacity constraints meant not all requests could be accommodated.", "Security requirement: invited attendees were required to present photo identification to enter the IMF at 1900 Pennsylvania Avenue, N.W., Washington D.C.", "Conference theme: implications of financial interconnectedness for systemic risk and financial stability, and links between network research and policy tools.", "Key session topics and selected papers/authors:", "Opening remarks by Olivier Blanchard (Economic Counsellor and Director, Research Department, IMF).", "Keynote: Joseph E. Stiglitz (Columbia University and INET) on \"Interconnectedness and Financial Stability\".", "Closing panel chaired by José Viñals (Financial Counselor and Director, IMF, Monetary and Capital Markets Department) with panelists:", "Conference organizers:", "[Agendapdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_agendapdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Barlevypdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_barlevypdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Farboodipdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_farboodipdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Gofmanpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_gofmanpdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Swedenpdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_swedenpdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Indexpdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/irb/2014/01/_indexpdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Wp13199pdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/wp/2013/_wp13199pdf.pdf){rel=\"external\" type=\"application/pdf\"}" ], "related": [ { "title": "Agendapdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_agendapdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_agendapdf.pdf", "mime": "application/pdf" } }, { "title": "Barlevypdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_barlevypdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_barlevypdf.pdf", "mime": "application/pdf" } }, { "title": "Farboodipdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_farboodipdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_farboodipdf.pdf", "mime": "application/pdf" } }, { "title": "Gofmanpdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_gofmanpdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_gofmanpdf.pdf", "mime": "application/pdf" } }, { "title": "Swedenpdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_swedenpdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/np/seminars/eng/2014/interconnect/pdf/_swedenpdf.pdf", "mime": "application/pdf" } }, { "title": "Indexpdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/pubs/ft/irb/2014/01/_indexpdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/pubs/ft/irb/2014/01/_indexpdf.pdf", "mime": "application/pdf" } }, { "title": "Wp13199pdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-events/external/pubs/ft/wp/2013/_wp13199pdf.pdf", "binary": { "path": "/-/media/websites/imf/imported-events/external/pubs/ft/wp/2013/_wp13199pdf.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy/index.md", "json": "/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy/index.json", "bundleManifest": "/zh/news/seminars/conferences/2016/12/31/interconnectedness-building-bridges-between-research-and-policy/bundle-manifest.json" }, "generatedAtUtc": "2026-09-29T12:50:15.144Z" }