Financial Stability and the Coronavirus Pandemic - October 19, 21, and 23, 2020

Financial Stability and the Coronavirus banner

Call for Papers

The Center for Financial Innovation and Stability (Federal Reserve Bank of Atlanta) and the Center for the Economic Analysis of Risk (Georgia State University) are organizing a workshop on Financial Stability and the Coronavirus Pandemic.The workshop's goal is to bring together economists, finance and risk management professionals, and regulators to discuss the effect of the pandemic on the financial system and the tools to moderate that impact.

The global economy was hit by major shocks to the financial system originating in the United States' mortgage markets in 2007–09 and from Europe sovereign debt starting in 2009. Central banks and financial supervisors took a variety of actions during and after the crisis to mitigate the damage caused by the financial shock and reduce the risk of future financial shocks. The next major shock to the global economy came from a different direction. In March 2020, the World Health Organization recognized the novel coronavirus COVID-19 as a global pandemic. The virus has been not only been a public health crisis, but it has had a very large negative impact on the global economy. Although the 2020 economic shocks did not start in the financial system, the financial system's response to the economic downturn could amplify some of the economic shocks and mitigate others. This workshop seeks to help inform financial stability policy going forward by improving our understanding in three areas: (a) the crisis-related actions taken during the last set of financial crises, (b) the regulatory measures taken in response to earlier financial crises, and (c) the response of the private and public sectors to the coronavirus pandemic.

New dates and times for the workshop

We had originally planned on hosting this workshop in person on October 29–30, 2020, in Atlanta. However, it has become increasingly apparent that holding an in-person workshop during the pandemic would not be wise. Thus, we restructured this event to be hosted online over three two-hour sessions from 10:30 a.m. to 12:30 p.m. (ET) on the following dates in 2020:

  • Monday, October 19
  • Wednesday, October 21
  • Friday, October 23

Given the new format, the deadline for submission has been extended from September 1 to September 15.

Paper/panel discussion submissions

We invite academics, professionals, and regulators to submit papers and/or ideas for panel discussions for this workshop. Long abstracts or, preferably, complete manuscripts may be submitted no later than September 15, 2020, on the full range of issues associated with financial stability and the coronavirus pandemic. These issues include but are not limited to:

  • How successful were government and central bank actions in mitigating the financial shocks arising from the 2007–09 global financial crisis and the subsequent European debt crisis?
  • To what extent have the post-global financial crisis regulatory reforms, such as Basel III, helped in mitigating shocks arising from the coronavirus pandemic?
  • Are any of the post-global financial crisis reforms amplifying the financial shocks arising from the coronavirus pandemic?
  • What financial shocks have arisen due to the coronavirus pandemic? How effective have central bank and government responses been to these shocks?
  • How have fintech firms been affected by and responded to the economic shocks arising from the pandemic? How, if at all, has the pandemic affected the likely evolution of fintech?

Authors are invited to submit full papers or long abstracts, through: https://gsu.qualtrics.com/jfe/form/SV_5j9UqOAkZWxFoYR

The results of the selection process will be sent by October 1, 2020. Please email Larry Wall with inquiries at larry.wall@atl.frb.org.