The workshop aims to bring together leading applied researchers in this emerging field.

Papers are being sought on topics including, but not necessarily limited to:

• evaluation of trade-related policy interventions using randomised control trials,
• quasi-experimental analyses of trade-related policy interventions, and
• analyses of the impact of international trade (e.g. on labour-market outcomes, regional disparities, etc.) using original identification strategies.

The conference will be held at the Hotel Schweizerhof in the mountain resort of Lenzerheide (www.schweizerhof-lenzerheide.ch). The programme starts Monday morning at 08:00 and ends Wednesday at noon. Due to capacity constraints, preference will be given to participants who can stay for the whole duration of the conference. Participants should plan to arrive Sunday evening and leave Wednesday afternoon. A block-reservation has been made by the organisers at the Hotel Schweizerhof at very preferential rates. The European Banking Center (Tilburg University) and the Swiss National Bank will sponsor the opening reception and meals during the conference. There will be around ten papers and discussions, leaving ample time for reflection and outdoor activities. Besides skiing, Lenzerheide is a very attractive resort for winter-hiking, sledging or just relaxing. (http://www.lenzerheide.com).

Papers are being sought that focus on the following topics, broadly defined:
- International adjustment dynamics;
- Current account imbalances and international capital flows;
- Global financial crises;
- Open-economy macroeconomic models;
- Exchange rates;
- International dimensions of monetary and fiscal policy;
- Sovereign risk.

This is the eighth annual workshop of the CEPR Working Group on Macroeconomics of Global Interdependence (MGI). MGI aims to encourage academic research on macroeconomic aspects of global integration (broadly defined). Further information on MGI can be found at www.cepr.org/mgi.

We hope to see you in March!

Saďd Business School, Oxford University

The Adam Smith Workshops in Asset Pricing (ASAP) and Corporate Finance (ASCF) will take place on Friday 22nd & Saturday 23rd March 2013 at the Saďd Business School, University of Oxford. There will be simultaneous sessions in Asset Pricing and Corporate Finance as well as a joint session in the afternoon on Friday 22nd. Friday sessions will run from 10.15 - 17.45 and Saturday sessions will run from 08.45 -13.30.

Paper submissions for this event have now closed. However you can still register as a general participant for either / both workshops by visiting: http://www.adamsmithworkshops2013.eventbrite.com/ . Spaces are limited so do ensure you register at your earliest convenience.

For further information please visit: http://www.sbs.ox.ac.uk/research/finance/Pages/asapconference.aspx

Past meetings:
• Asset Pricing (ASAP) & Corporate Finance (ASCF): http://intranet.sbs.ox.ac.uk/tarun_ramadorai/asap.htm

Organising committees:
• Asset Pricing (AP): Christian Julliard (LSE and CEPR); Anna Pavlova (LBS and CEPR); Tarun Ramadorai (SBS and CEPR); Raman Uppal (Edhec and CEPR); Mungo Wilson (SBS); Kathy Yuan (LSE and CEPR).

• Corporate Finance (CF): Ulf Axelson (LSE); Denis Gromb (Insead and CEPR); Alan Morrison (SBS and CEPR); Marco Pagano (Naples, EIEF and CEPR); David Thesmar (HEC and CEPR); Paolo Volpin (LBS and CEPR).

Chair: Professor Lucrezia Reichlin
Panellists: Lord Adair Turner and Professor Michael Woodford

Venue: London Business School, Plowden: Fairbairn Room Date: Thursday 28th March 2013, 11am – 12.30pm

There will be an introduction by the Chair, presentations by Lord Turner and Professor Woodford, followed by a panel discussion and Q&A’s.

Programme
10.45am: Registration
11.00am: Introduction by Chair
11.10am – 11.50am: Presentations
11.50am- 12.30pm: Discussions and Q&A’s

Lucrezia Reichlin (London Business School and CEPR): Lucrezia Reichlin is the current Research Director of CEPR and has been Professor of Economics at London Business School since September 2008. She is co-founder of now-casting economics. Reichlin serves as a Non Executive Director of UniCredit Banking Group and a member of the Risk Committee and Permanent Strategy. She was Director General for Research at the European Central Bank from to 2005 to 2008. Lucrezia has extensive research and policy experience in monetary policy. She is also an expert in business cycle analysis. She designed the Eurocoin coincident index of economic activity for the Euro Area and developed methods that are widely used in central banks and the private sector for real time monitoring of economic conditions.

Lord Adair Turner (FSA): Lord Turner became Chairman of the FSA in September 2008. He became a cross-bench member of the House of Lords in 2005 and was Chairman of the Pensions Commission from 2003 – 2006, and Chairman of the Low Pay Commission from 2002 – 2006. He is the author of two books: Just Capital – The Liberal Economy, published by Macmillan in 2001, and Economics after the Crisis – Objectives and Means, published by MIT Press in 2012. He is a Visiting Professor at the London School of Economics and at Cass Business School, City University; a Trustee of the British Museum, and an Honorary Fellow of the Royal Society of Edinburgh. Until June 2008 he was a non-executive Director of Save the Children UK. Prior to September 2008 Lord Turner was a non-executive Director at Standard Chartered Bank, United British Media and Siemens; from 2000-2006 he was Vice-Chairman of Merrill Lynch Europe, and from 1995-99, Director General of the Confederation of British Industry. He was with McKinsey & Co. from 1982 to 1995, building McKinsey’s practice in Eastern Europe and Russia as a Director. He was previously Chair of the Overseas Development Institute (2007-10).

Michael Woodford (Columbia University and CEPR): Michael Woodford is the John Bates Clark Professor of Political Economy at Columbia University. He has been a MacArthur Fellow and a Guggenheim Fellow, and is a Fellow of the American Academy of Arts and Sciences, as well as a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and a Research Fellow of CEPR. In 2007 he was awarded the Deutsche Bank Prize in Financial Economics. Woodford’s primary research interests are in macroeconomic theory and monetary policy. He has written extensively about the microeconomic foundations of the monetary transmission mechanism, the role of interest rates in inflation determination, consequences of imperfect information for macroeconomic adjustment, rules for the conduct of monetary policy, central-bank communication policy, and interactions between monetary and fiscal policy. He serves on the Economic Advisory Panel of the Federal Reserve Bank of New York, is a scientific advisor for Sveriges Riksbank, the central bank of Sweden, and frequently lectures at and consults for other central banks and policy institutions as well.

The symposium aims to bring together leading researchers in the field. Papers are being sought on topics including, but not necessarily limited to:

• Macroeconomic and financial history
• Economic growth in the very long run
• Institutions and economic development
• The history of the international economy

One half day will be devoted to a policy session, exploring ways in which economic history can provide lessons for today’s economic challenges.

If you would like to submit a paper proposal, please upload a draft with your reply form by visiting www.cepr.org/YourProfile/Meetings and indicate whether or not you wish to present a paper or act as a discussant. You will also be asked to specify your funding requirements. If you do not have a profile please send your submission to Nadine Clarke at nclarke@cepr.org.

1. Optimal size and scope of global banks
2. Mechanisms of international transmission by global banks
3. Regulatory and macro-prudential challenges in international banking
4. Economic and policy issues for offshore financial centres
5. International banking flows and financial stability
6. Cross-border linkages and spillovers from bank versus non-bank capital flows
7. Organisational complexity and networks in international banking
8. Global Banks and spillover effects of monetary policy

If you would like to submit a paper proposal, please upload a provisional draft with your reply form by visiting www.cepr.org/YourProfile/Meetings and indicate whether or not you wish to present a paper or act as a discussant. You will also be asked to specify your funding requirements. If you do not have a profile please send your submission to Amanda Vincent-Rous at avincentrous@cepr.org

The deadline for replies is March 3rd, 2013, 18:00 BST. We cannot accept submissions received after this date.

Limited travel funding is available according to the standard CEPR travel guidelines (www.cepr.org/meets/WKCN/misc/trp.pdf). The organisers will notify prospective participants by March 10th, 2013 of their decision.

The notion of liquidity is elusive in Economics. However, notice that all the different notions of liquidity (marketability, trading delays, intermediation fees, price impact) have something in common: they describe specific aspects of the mechanism of exchange. Thus in order to study the determinants and the normative, positive, and quantitative implications of the liquidity of assets and markets, it seems desirable, even necessary, to work within a framework that is explicit about the mechanism of exchange. The notion of liquidity requires an explicit model of: (i) decentralized trade (who trades with whom), (ii) determination of terms of trade (an explicit mechanism that determines quantities and prices exchanged in individual transactions among traders), (iii) trading delays (the time it takes to find a trading partner or the "right" trading partner), and (iv) extensive margins (the effect of the number of traders on trading activity). The search-theoretic approach is natural as it incorporates these "trading frictions" explicitly and parsimoniously.
This course will offer an introduction to a growing body of work in Monetary Economics and Finance that uses Search Theory to further the view that trading frictions and the mechanics of trade are important for understanding asset markets in general, and for sharpening our focus on financial liquidity in particular.

ESSIM is an annual meeting that brings together about 60 economists from across Europe and key researchers from outside the region. It provides a unique opportunity for macroeconomists from different research institutions and countries to discuss research in a relaxed atmosphere and to develop long-term collaborative relationships. Another important aim of ESSIM is to provide young researchers with the opportunity to meet and discuss their work with senior economists. If you wish to recommend a younger colleague who might benefit from ESSIM, please send the curriculum vitae (indicating research interests) to Nadine Clarke (nclarke@cepr.org)

The programme combines workshop sessions with time for collaboration and consultation. There will be plenary sessions, in which the papers with the most general appeal will be presented to all participants, and parallel meetings, usually in the afternoon, consisting of two sessions devoted to the discussion of more specialized papers. There will be special sessions for research areas of particular current interest whose subjects will be determined once submissions are available. The time during the afternoon between the plenary and the parallel sessions will be available to participants to discuss research and work together.

To attend the School, students must have a completed paper that (s)he will present. Students will attend the Applied IO Conference (23-25 May 2013) as part of the School.

The number of seats at the School is limited. Pre- and post-doc students can apply by sending an e-mail with their paper to Nicola Steele (nsteele@cepr.org) by Friday 22 February 2013 at the latest, and have to include a CV if they wish to be considered for funding.

Travel and accommodation costs are provided to students according to the usual CEPR rules. Guidelines can be found here: www.cepr.org//meets/WKCN/misc/trp.pdf

Best regards,

Most of the presentations will distill frameworks from organizational economics that have proven useful in studying productivity within and between firms in high-income economies—such as formal and relational contracting, as well as information, communication and decision-making within firms. Many of these frameworks are especially relevant for firms in developing countries, where weak institutional environments lead to challenges in making credible commitments to employees and trading partners alike. At the same time, new firm- and plant-level data from low-income countries provides the opportunity to test organizational theories.

We envision a meeting with a select group of 20 or so academics and hope to spur open interaction by mixing ample time for discussion with:
-Brief presentations about organizational economics;
-Presentations of data sets and data being used for research from firms in low-income countries;
-Presentations on more complete working papers.

Glenn Ellison, MIT, Ali Hortaçsu, University of Chicago, Frank Verboven, K.U.Leuven have confirmed their participation as keynote speakers.

The conference will be preceded by the 10th CEPR School in Applied Industrial Organization, which will take place on 22nd of May 2013. The aim of the annual School is to provide a forum for intellectual exchanges between PhD students and more experienced researchers in the field of industrial organization. More senior researchers are invited to encourage their students to apply to the school. A separate invitation will be sent for the school in the following weeks.

Papers will be selected by a committee formed by the organisers and the members of the steering committee of the Applied IO Programme.

• The evaluation of changing trade and financial linkages across countries
• The macroeconomic effects of swings in commodity prices
• The cyclical relationships emerging-advanced countries
• The integration of financial spillovers in global macro and econometric models
• Theoretical and empirical analyses of the transmission of monetary and fiscal policy across countries

Ayhan Kose (IMF), Christopher Otrok (University of Missouri), Fabrizio Perri (Bocconi University and CEPR) and Lucrezia Reichlin (London Business School and CEPR) have already confirmed their participation, and we welcome further relevant submissions. Both theoretical and empirical papers are accepted, and applications on the euro area are particularly welcome.

The deadline for replies is 9am GMT on Monday February 25, 2013. Authors who are not CEPR members can email their submission to meets@cepr.org. Authors who are CEPR members can upload their submission on www.cepr.org/yourprofile. There you can indicate whether you will be able to cover your own travel costs, or whether you will require funding from CEPR. Guidelines on how to register online for CEPR Meetings can be found at http://www.cepr.org/meets/emo/Guidelines.htm. Authors of successful submissions and accepted participants will be notified by early April 2013 at the latest.

This conference will bring together academics, policy-makers and practitioners to discuss existing theory and empirical evidence on the implications of an extended phase of monetary policy operating at the "zero lower bound", as well as the emerging trends in investment strategies of financial intermediaries as a response to such monetary policy. The conference will discuss whether and how the regulatory toolkit of macro-prudential policies, currently aimed at banks, should expand its perimeter to shadow banking, to contain the emerging sources of financial fragility, as - and possibly even before - the central banks exit from the expansionary monetary policies and asset prices experience interest-rate corrections.

Speakers include

The meeting will include daily seminars in the morning, in which participants present their work, as well as less formal evening seminars scheduled at the beginning of the Symposium. A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research.

In addition, four mornings will be devoted to 'focus sessions', each of which concentrates on some recent developments in corporate finance (week one) and asset pricing (week two). Focus sessions for the corporate finance week will be organised by Patrick Bolton (Columbia University and CEPR) and Amit Seru (University of Chicago). The focus sessions for the asset-pricing week are organised by Bruno Biais (Toulouse School of Economics and CEPR) and Arvind Krishnamurthy (Northwestern University).

To foster the desired interaction, we ask participants to spend one working week at the Symposium. Committing to attend for only two or three days is not fair to the speakers, to all those who spared the time to attend, and especially to the many researchers whose applications were turned down.

A number of places at the symposium are specifically reserved for younger European scholars (based in Europe or overseas), who are especially encouraged to apply. Senior researchers are therefore requested to pass this information on to junior colleagues working in finance and related fields. Accommodation (checking in on Sunday and checking out on Friday) and food are provided free of charge to participants thanks to the generosity of the Swiss National Bank. Please note that additional nights are at the participants’ own cost and that no meals are provided over the middle weekend. There is limited travel funding available, but we encourage participants to use their own grants to cover such costs. Please indicate on your reply whether you will be able to cover your own travel costs, or whether you will require funding from CEPR (if there are insufficient funds to cover all travel expenses, we will attach priority to funding junior participants). If you are allocated travel funding, this will be covered according to CEPR travel guidelines (www.cepr.org/meets/WKCN/misc/trp.pdf).

If you would like to submit a paper proposal, please visit http://www.cepr.org/YourProfile/Meetings and upload a one-page abstract or provisional draft. You will also be asked to indicate which week you would like to attend and whether you would be interested in attending even if your paper was not selected. We also ask that you submit a link to your current CV, or send a copy by email to avincentrous@cepr.org. Note that it may not be possible to accept all applications to attend this conference as demand always exceeds the space available. We would thus like you to simply submit a paper for, and/or express your interest in attending, the meeting at this stage. Note that only electronic submissions will be considered. If you wish to attend please do ensure that your application and paper reach CEPR by 18 March 2013. We cannot accept submissions received after this date. You may like to read our Guidelines on how to register online for CEPR Meetings at www.cepr.org/meets/emo/Guidelines.htm.

The organisers will notify applicants by the end of April 2013 concerning the status of their application and the final programme.

The Great Recession that accompanied the global financial crisis - and from which many advanced economies are still struggling to recover - prompted extraordinary policy responses on the part of central banks around the world. Some of these policy responses were coordinated, but all were directed at fulfilling purely domestic mandates for price stability and maximum employment. Fears that the dramatic expansion of central bank balance sheets would lead to higher inflation at the consumer level have so far proven unfounded, whether due to still abundant slack in many countries or well-anchored inflation expectations. But it has been argued that an extended period of ultra-easy monetary policy is manifesting itself in excessive risk taking, bubbles in certain asset classes and price pressures in countries that are recipients of capital in search of yield that will ultimately lead to higher inflation globally. At the same time, the rapidly growing emerging and developing economies account for a larger share of global output. The disinflationary impact of the integration of low-wage economies onto the global trading system has challenged our understanding of the price setting process at the national and international level and our understanding of exchange rate pass through.

We are particularly interested in papers that address the following topics:

- the impact of globalization on pricing in national and international markets
- the transmission of monetary policy across national borders
- the implications of extended supply chains for price and exchange rate pass through
- the role of global versus domestic slack as a driver of domestic inflation
- the role of global versus domestic liquidity as a driver of domestic inflation
- international implications of the policy response to the financial crisis

The organisers invite submissions in these and related areas.

Organising committee: Raphael Auer (Swiss National Bank), Giancarlo Corsetti (University of Cambridge and CEPR), Andrew Filardo (Bank for International Settlements), Andreas Fischer (Swiss National Bank), and Mark Wynne (Federal Reserve Bank of Dallas).

Please send submissions in pdf format to internationalecon@snb.ch

1. The econometric analysis of increasingly rich micro-level data that are available ‘off-the-shelve’, such as from central banks, credit registries, and commercial data providers 2. The econometric analysis of tailor-made data from large-scale surveys of banks and their clients 3. The use of randomized controlled trials and framed field experiments with banks and their staff

These three strands of the literature approach the banking “black box” in different ways: observing the bank and its behavior from the outside; opening up the box by asking CEOs, loan officers, and bank clients specific questions; and then further prising open the bank through (framed) field experiments. Potential topics of interest include but are not limited to:
• The role of geographical and hierarchical distance in banking
• Bank ownership and small business finance
• The impact of lending technologies on bank-borrower information asymmetries • Banking, job creation, and financial inclusion • Corporate governance and bank efficiency and stability • Internal capital markets, FX lending, and financial stability • Behavioral finance and the banking firm

KEY NOTE SPEAKERS

Atif Mian (Professor of Economics and Public Affairs, Princeton University) Antoinette Schoar (Michael Koerner '49 Professor of Entrepreneurial Finance, MIT) If you would like to submit a paper (full papers accepted only) please send an email to dehaasr@ebrd.com. In the subject header please add “Submission CEPR-EBRD-EBC-RoF Conference” and nothing else. In the case of multiple-authored papers, indicate who will present and whether or not the presenter would also be willing to act as a discussant.

Authors will be notified about the acceptance of papers and the conference programme by 1 June 2013. The EBRD and EBC will cover economy travel and accommodation (subject to limits) for all invited speakers and discussants from academic institutions. The submission fee for the Review of Finance will be waived for all conference papers submitted to the Review within six months after the conference takes place.

SUBMISSION DEADLINE: 1 April 2013

FURTHER INFORMATION:
The conference will be held at the EBRD, One Exchange Square, London. The conference programme starts on Thursday morning (September 5) and ends on Friday afternoon (September 6). A conference dinner will be held on Thursday evening. There will be around ten papers and discussions and the conference will also see the launch of the joint EBRD-EBC Report on Banking in Emerging Markets, based on the 2nd Banking Environment and Performance Survey (BEPS).

Details about the sponsors: www.ebrd.com, http://www.tilburguniversity.edu/research/institutes-and-research-groups/ebc/, www.cepr.org, and www.revfin.org. A conference website will be created with all papers and necessary information.

ORGANISING COMMITTEE
Thorsten Beck (Tilburg University & CEPR)
Ralph De Haas (EBRD)
Steven Ongena (Tilburg University & CEPR)

ESSLE 2013 will bring together around 40 economists for a period of three days. To foster the desired interaction we request that participants stay for the entire duration of the Symposium. The programme combines focus and contributed sessions with time for collaboration and consultation. Some researchers will be asked to present their work in a poster session.

Funding
IZA will cover the costs for accommodation, breakfasts, lunches and dinners at the conference venue. CEPR will cover travel costs, but only limited funding will be available. CEPR cannot at this stage commit to financing the travel expenses of all participants. We would therefore encourage you, wherever possible, to draw upon research travel funding you may have at your disposal. Please indicate in your application whether you will be able to cover your own travel costs or whether you will require funding from CEPR. Where CEPR does contribute to travel costs, this will be in accordance with the CEPR ESSLE Travel Guidelines http://www.cepr.org/meets/wkcn/misc/Guidelines_ESSLE2013.pdf

Applications
Those who have registered via the CEPR website who wish to participate are invited to submit a paper (or an extended abstract) online: http://www.cepr.org/YourProfile/Meetings/

Non CEPR members should send their submission by email to Amanda Vincent-Rous, Events Manager, at avincentrous@cepr.org

Lecturers:
Keith Head, Sauder School of Business, University of British Columbia and CEPR
Thierry Mayer, SciencesPo, CEPII and CEPR

Participants
The school is targeted to graduate students, doctoral students and post-doctoral researchers in economics and related disciplines. Students are expected to attend the school full time.

Fees and Scholarships
Participants will be charged 550€ covering registration, accommodation, meals and background material. We hope to be able to offer a limited number of grants covering travelling expenses and fee waivers. The grants will be assigned with priority to students from Developing Countries.

Applications and Deadlines
The participants will be selected by the Selection Committee on the basis of the information included in the application forms.
Applications can be downloaded from http://www.dagliano.unimi.it/media/applicationform_12th_ss.doc and should be submitted to centro.dagliano@unimi.it
The deadline for submission is May 24, 2013. We invite applicants to keep strictly to the deadline.
Applicants will be informed by email about the results by June 10, 2013.

Location
The school will take place at Palazzo Feltrinelli, on Lake Garda (Italy). This beautiful historical Villa is now owned by the University of Milan and is dedicated to Workshop and Meeting activities. Gargnano is a small resort village on Lake Garda, about 150 km east of Milan. Local Information will be provided to participants in due course.

The financial crisis of 2007-2008 and the subsequent European debt crisis exposed the deep interconnectedness between private and public debt and the central role played by banks. The intricate relationship between sovereign and bank debt poses a number of problems for policymakers. In the short run policymakers need tools and information to effectively manage the crisis. In the long run, policymakers require theory to inform the development of institutions and rules in order to prevent future crises. The crisis has also demonstrated the global interconnectedness of the financial system. The vulnerabilities exposed in the crisis affect banks and states globally while regulatory policy is organised along national boundaries. This raises difficult policy coordination issues in the regulatory field.

This conference aims at discussing current theoretical and empirical work that enhances our understanding of the relationship between banks and the state and its implication for crisis management and crisis prevention in a global context.

Papers being sought address the following broadly defined topics:
• Global financial crisis and monetary policy
• Banking union
• Resolution of globally active banks
• Systemic liquidity crisis
• Leverage cycles and regulation
• How to provide discipline for systemically important banks
• Financial frictions and the geography of economic activity
• Real frictions (e.g. migration) in globally integrated economies
• Frictions, policy and competitiveness
• Safe instruments in global markets
• Systemic risk in global markets

Funding
Funding for accommodation is assured. However, only limited travel funding will be available for this conference. CEPR cannot commit to financing the travel expenses of all participants at this stage. It is therefore important for you and other participants to use any research travel funding you may have at your disposal. Please indicate on your reply form whether you will be able to cover your own travel costs or whether you will require funding from CEPR. Where CEPR does contribute to travel costs, this will be in accordance with the CEPR Travel Guidelines http://www.cepr.org/meets/WKCN/misc/trp.pdf

Applications
Please submit your paper by 1 May 2013 via the CEPR online system by visiting http://www.cepr.org/YourProfile/Meetings . If you do not have a personal profile to use this area of the CEPR website as yet, you can create one here: http://www.cepr.org/accounts/register.asp . If you would like to present a paper at this meeting, please upload a provisional draft (or at least a one-page abstract) online. Please note that due to natural time restrictions and the large number of paper proposals, it will not be possible to include all papers submitted in the programme. Authors will be informed about acceptance of their paper by 28 June 2013.

Should you have any difficulties with your online application, please email Amanda Vincent-Rous: avincentrous@cepr.org

Supporting Institutions: CEPR, Oesterreichische Nationalbank, University of Vienna, University of Michigan

The recent global crisis has shown that there are likely to be qualitative differences in how economies behave over the regular business cycle and how they adjust to large, rare shocks. In the latter case, adjustments take much longer; they involve painful restructuring, and might be accompanied by persistent structural change. Economic policies can help reduce the cost of adjustment and prevent the growth potential to decline. There is uncertainty about changes in the potential growth rate of economies hit by the crisis, the sustainability of external and internal positions, the future role of the financial sector, and the evolution of the sectoral composition of the economy. The goal of the conference is to invite policy relevant theoretical and empirical academic contributions and bring together academic economists and central bank researchers to discuss these issues.

Topics of the 2013 meeting include:
- Changes in potential output and growth
- Changes in labour market participation
- Policy actions needed to reduce the cost of adjustment and to support potential growth
- Sectoral reallocation and movements of capital and labour
- Consumption and savings, deleveraging
- External adjustment

Both empirical and theoretical contributions are welcome.

There will be one or two Keynote Speakers (TBC).

The workshop will be held at the Magyar Nemzeti Bank in Budapest. Participants from central banks are expected to cover costs of travel and local expenses. Costs of participants from academic institutions may be reimbursed by the organisers upon request. No conference fee will be charged.

Applications
For CEPR members, please submit your paper by 1 June 2013 via the CEPR online system by visiting http://www.cepr.org/YourProfile/Meetings . If you do not have a personal profile to use this area of the CEPR website as yet, you can create one here: http://www.cepr.org/accounts/register.asp

If you have any difficulty in applying or you are NOT a CEPR member, please contact Amanda Vincent-Rous, CEPR Events Officer, at avincentrous@cepr.org or +44 20 7183 8808. Please indicate in your response whether or not you wish to present a paper or would be willing to act as a discussant.

The submitted papers will be reviewed for selection by the organising committee. Deadline for submitting the extended abstract or a completed draft (strongly preferred) of the paper is 18:00 GMT on June 1, 2013. Decisions on the selected papers will be made by June 14, 2013.

Organising committee:
• Alessia Campolmi (Magyar Nemzeti Bank and Central European University)
• István Kónya (Magyar Nemzeti Bank and Central European University)
• Alberto Locarno (Banca d’Italia)
• Gábor Pellényi (Magyar Nemzeti Bank)
• Ákos Valentinyi (Cardiff Business School and CEPR)

Further information and the final programme will be posted at: http://english.mnb.hu/Kutatas/academic-conferences

The theme of the second edition of the workshop is Organisations, Productivity and Development. The keynote speakers will be:
- Abhijit Banerjee, MIT.
- Robert Gibbons, MIT.

While we welcome submissions in all areas related to incentives, management and organisation, we will give priority to papers at the intersection of development economics and organisational economics.

The best new paper submitted to the workshop will receive the Deutsche Bahn Prize for Outstanding Research in Organisation and Management. The prize carries a 3000 euros award, inclusive of travel costs. As the prize is meant to stimulate submission of recent research, eligibility is limited to papers that have not been published in, or submitted for publication to, scientific journals or established discussion paper series. Precedence is given to submissions that have not been presented at other conferences or workshops prior to 2013.

Accommodation expenses will be covered for participants on the programme. Participants are encouraged to fund their travel expenses from other sources as only limited funding is available. Where financial support is offered, this will be in accordance with CEPR's travel guidelines: www.cepr.org/meets/WKCN/misc/trp.pdf.

The deadline for responses is 6pm, Friday 26 April 2013. If you have any difficulties registering for this meeting, please contact Amanda Vincent-Rous, Events Manager, at avincentrous@cepr.org or +44 (0) 20 7 183 8808. You may also like to read our Guidelines on how to register online for CEPR Meetings at http://www.cepr.org/meets/emo/Guidelines.htm.

This will be the fifth edition of CURE, an annual conference that brings together a group of about 30 urban and regional economists from across the world. CURE alternates across the Atlantic, and has been held in different locations in Europe on odd years and in Princeton, USA on even years. Previous European editions have taken place in Milan and Madrid. When held in Europe, CURE is organised through the International Trade and Regional Economics Programme of the Centre for Economic Policy Research (CEPR).

This year's CURE will be hosted by the London School of Economics.The programme will run for 2 days, from the morning of Friday 4 October until the afternoon of Saturday 5 October, with participants arriving on Thursday 3 October.

Funding
Funding will be provided for all participants' accommodation for up to three nights, but only limited travel funding will be available. We cannot at this stage commit to financing the travel expenses of all participants. If you have alternative research travel funding at your disposal, we encourage you to indicate your willingness to use this to attend the event on your reply form. This will help fund travel for participants who do not have other sources of funding, young researchers in particular. Where travel costs are covered, this will be in accordance with the CEPR Travel Guidelines http://www.cepr.org/meets/WKCN/misc/trp.pdf.

Applications
Kindly note that it will not be possible to accept all applications to attend the event. At this stage, we would thus like you to simply confirm your interest in attending the meeting and indicate whether or not you wish to present a paper. To respond, please go to http://www.cepr.org/YourProfile/Meetings/ and indicate whether or not you wish to present a paper or would be willing to act as a discussant. The deadline for replies is 18:00 GMT on Thursday 2 May 2013. If you would like to present a paper, please include a copy of the paper or, at the very least, an extended abstract. We plan on confirming the list of participants and paper presentations by the end of May 2013.

You may also like to read our Guidelines on how to register online for CEPR Meetings at http://www.cepr.org/meets/emo/Guidelines.htm If you have any difficulties registering for this meeting, please contact Amanda Vincent-Rous at avincentrous@cepr.org or +44 20 7183 8808.

The Euro-Latin Network on Integration and Trade (ELSNIT) is now accepting submissions of papers examining the patterns and determinants of the internationalization of small and medium size enterprises (SMEs) along the economic, institutional, and social dimensions. In particular, submissions of papers should address questions such as – but not limited to – the following:

-The Importance of SMEs in Trade Flows and FDI: How important are the SMEs in countries’ exports, imports, and foreign direct investment, in terms of both the share in the number of firms involved in these activities and of their aggregate values? To what extent these figures change when intermediated trade (e.g., through wholesalers) or indirect trade (e.g., sales of inputs to large companies that end up exporting the final product) is explicitly taken into account? What is the contribution of the SMEs to export growth and diversification over time? What is their consequent impact on overall employment growth? Are their specific sectoral patterns (e.g., manufacturing vs. services) or systematic differences across hosting countries?

-The Internationalization of SMEs and Its Driving Factors: What are the factors driving the internationalization of the SMEs? What kinds of SMEs are more likely to engage in cross-border economic activities in general and exporting in particular? What are their distinguishing factors (e.g., relative size, productivity, age, etc.)? For those SMEs already selling abroad, how does the distribution of export intensities look like? Are SMEs trading services different? How important are born-global SMEs? What are the differences between these SMEs and other SMEs? Does innovation matter for internationalization? What roles does collaboration with research centers play? Can product and process certification make a difference? What are the modes of entry into foreign markets and what is their relative importance for SMEs? To what extent does participation in global value chains account for the internationalization of the SMEs? Do SMEs need to growth or is their size a key to success? What are the main barriers faced by the SMEs in growing and internationalizing? To what extent have ICTs helped reduce information obstacles for SMEs? What is the contribution of social and business networks? What kind of influence do informality and access to financing and technology have? How does internationalization affect SMEs’ performance (e.g., productivity)? Does this effect depend on the characteristics of the SMEs or the specific international activity they carry out?

-The Policy Perspective: Do general public policies such as those concerning physical infrastructure, tariffs, customs procedures, and environmental regulations have heterogeneous effects across firm size categories? Are the impact of public interventions such as trade, innovation, and linkages promotion different across these firms’ groups? How do the effects of public schemes supporting financial needs associated with the internationalization distribute across size segments? What is the economic rationale of public programs targeting SMEs in general and their internationalization in particular? How aware are SMEs of these programs? What is the actual rate of use? Are specific actions more cost-effective than others? Does the specific combination of policy instruments matter for their effectiveness? Do online tools help? Is it justified to have programs with an explicit regional dimension? Are there superior institutional arrangements to manage these instruments? What role do/can international organizations in general and regional development banks in particular play in supporting the internationalization of the SMEs? What are the initiatives of the private sector (e.g., by chambers of commerce and private transnational networks in general) in this area? What are their effects? How well coordinated are these actions with the respective public actions?

Both theoretical and empirical contributions will be considered, but in all cases priority will be given to papers identifying and shedding light on relevant policy questions such as those outlined above, including case studies of policies followed by national or international organizations, in particular. Furthermore, submission of papers that, in doing this, explicitly contrast successful and failed cases, comparing countries within a certain a geographical area, is strongly encouraged. Important lessons are expected to be drawn from these contributions for Latin American and Caribbean countries. The selected papers will be presented along invited contributions at the XI Annual ELSNIT Conference that will be hosted by the Institut Barcelona d’Estudis Internacionals (IBEI) in Barcelona, Spain, on October 17-18, 2013.

A recognized expert in the field will comment upon each paper. All the papers and discussions will be circulated as working documents of the network. The authors are free to submit the papers to academic journals, stating that they were presented at the XI Annual ELSNIT Conference.

Procedure for Submission of Papers
All researchers who are associated with a European or Latin American/Caribbean based academic or research institution are eligible to submit papers. While detailed abstracts will be accepted, there is a strong preference for nearly completed papers. Submission should be accompanied by a statement declaring the institutional affiliation of the authors. The papers should be written in English. To register for the conference and submit a paper, please fill out this FORM and follow the instructions therein.

The deadline for submissions is May 15, 2013. The final selection of papers will be made by June 10, 2013 by the network coordinators – László Bruszt (EUI), Marise Cremona (EUI), Matthieu Crozet (CEPII and University of Paris 1), Simon Evenett (University St. Gallen and CEPR), Holger Görg (University of Kiel, Kiel Institute for the World Economy, and CEPR), Jacint Jordana (IBEI and UPF), Gianmarco Ottaviano (London School of Economics, Paolo Baffi Centre and KITeS - Bocconi University, and CEPR), and Christian Volpe Martincus (IDB/INT) – together with Professor Jacques Ziller (UP-FPS, Pavia) who is an external advisor to the network. The final versions of the papers must be delivered by September 20, 2013.

The selected authors’ and invited discussants’ travel expenditures (economy class) and per diems to participate at the conference will be reimbursed by the IDB. Detailed guidelines explaining the logistics of the conference will be provided at a later stage. Please circulate this call for papers among your colleagues and other potentially interested parties.

Background Information
The Euro-Latin Study Network on Integration and Trade (ELSNIT) is an initiative of the Inter-American Development Bank to create in Europe a forum on integration and trade issues relevant to Latin America and the Caribbean. The main objectives of the Network are to generate research, studies and debate on these issues, draw on a rich European experience and perspectives and increase interaction between European and Latin American researchers. The annual conference organized in the framework of the Network focuses on a particular issue each year.

The aim of this conference is to bring together researchers in different fields of finance and economics working on financial stability and regulation-related issues. We are inviting high quality submissions of a theoretical and empirical nature.

Topics include the following, but are not limited to:

Bank Capital and Liquidity
- How should we measure bank capital? How large should capital buffers be and when does prompt corrective action need to be triggered?
- What are the determinants of bank capital? What are the social and private costs and benefits of leverage, and how can they be measured?
- Deleveraging and bank performance following heightened bank capital requirements. How (fast) do banks adjust their balance sheet? Is deviating from optimal or regulatory targets costly and value-destroying?
- Do liquidity requirements lead to better risk management and less systemic risk?

Regulation, Monetary Policy and Economic Performance
- How should bank capital requirements vary with the business cycle?
- What does bank regulation imply for the optimal monetary policy design over the business cycle?
- What does more financial regulation mean for firm entry, firm-level investment and economic growth?

Bank Size and Complexity
- Is it necessary to limit size and / or complexity? Does it help to prevent the moral hazard of "too big to fail"?
- Does putting limits on bank size and activities yield more credible resolution plans and better recovery prospects?
- How does fair value accounting and disclosure affect the fragility of financial institutions? To what extent should financial reporting and bank capital regulation be linked or decoupled?

Governance, Competition, and Internationalisation
- How does regulation at home affect banks’ finance abroad? Is there scope for regulatory arbitrage?
- On the cooperation between local regulators and supervisors and cross-border regulators and supervisors: Which banks should be supervised by the ECB and which ones by local supervisors? How to respond to a unilateral delayed implementation of regulation that was decided in a global agreement?
- Regulating the competitive structure of the banking sector: How is banking competition related to financial stability? What are the conditions that induce too much (or too little) competition to deteriorate stability? The optimality of bank competition policy.
- Is there a link between corporate governance of banks and financial stability? What is the role that the regulatory framework can play in achieving better management and organisational structural in the banking sector?

Paper submissions and deadline
The deadline for submissions is May 31, 2013. Papers should be submitted electronically to ebc@tilburguniversity.edu referring to FS conference 2013 along with your affiliation and e-mail address.

In the e-mail please indicate whether or not you are willing to act as a discussant.
Authors of accepted papers will be contacted by August 15, 2013. Economy class travel and accommodation for invited participants will be covered.

Further information
The conference will be held at Tilburg University. Tentatively, the programme will start on Monday at 10:00 and will end on Tuesday at 15:30. The programme will include 8-10 papers with their discussions, leaving ample time for comments from the audience. Presenters and discussants are kindly invited to attend for the whole duration of the conference.

More details about the conference and the venue can be found at: http://www.tilburguniversity.edu/research/institutes-and-research-groups/ebc/events/2013/financial-stability/

Organisers
- Olivier De Jonghe (EBC, Tilburg University)
- Burak Uras (EBC, Tilburg University)
- Wolf Wagner (EBC, Tilburg University)

The organisers welcome submissions of a theoretical or empirical nature related to the theme of the conference. Suitable topics include (but are not limited to):

Conceptual framework:
- Current accounts and external indebtedness: macro-prudential implications
- The role of financial intermediation in international capital flows
- Financial cycles and current account imbalances
- The role of financial sector structure in current account deficits and surpluses
- Real sectoral structure and current account imbalances
- The role of real asset markets in external imbalances
- Portfolio choice and the direction of international capital flows
- Liquidity and current account imbalances

Policy challenges in Europe:
- Financial inter-linkages and spillovers in monetary union
- Current account rebalancing in the euro area: surpluses vs. deficits
- Euro bias in financial flows and current account imbalances
- Eurosystem liquidity support and unwinding of current account imbalances
- The composition of financial flows within and outside the euro area
- Financial fragmentation and external imbalances in the euro area

The programme will include 12 papers. There will be a discussant for each paper.

Selected papers presented in the conference will be considered – via a fast track review process – for a Journal of International Money and Finance (JIMF) special issue titled “Current Account Imbalances and International Financial Integration.” Authors submitting a paper are asked to indicate whether they wish their paper to be considered for the special issue.

The Journal of International Money and Finance
Since its launch in 1982, Journal of International Money and Finance has built up a solid reputation as a high quality scholarly journal devoted to theoretical and empirical research in the fields of international monetary economics, international finance, and the rapidly developing overlap area between the two. Today, it is one of the key journals in the field of modern finance. A special issue of JIMF on Current Account Imbalances and International Financial Integration is a unique opportunity to showcase literature among a broader finance audience. At the same time, the special issue of JIMF is a great way of attracting the best researchers, since publishing in JIMF is a great opportunity for all.

The deadline for submissions for the conference is August 19, 2013. Authors will be notified of the final programme by September 9, 2013. To submit a paper, please email a draft or extended abstract of the paper in PDF format to ecfin-imbalances@ec.europa.eu.

More information on the conference will be posted at: ec.europa.eu/economy_finance/events/2013/20131206_financial_integration/index_en.htm

Travel and accommodation expenses will be covered for all academic presenters and discussants according to CEPR travel guidelines: www.cepr.org/meets/wkcn/misc/trp.pdf

All researchers in finance are invited to present in English their latest research in all areas of finance and insurance. Special attention will be given to papers including empirical analysis.

In previous years, approximately one in six submitted papers was accepted.

Submission Process Only online submissions will be considered for the 2013 Paris December Finance Meeting. Before filling the application form, please read the following instructions:
• Prepare 2 files in pdf format:
- An anonymous version of the paper (the complete paper without the name(s) of the author(s), without the acknowledgements and without any indication about the author’s affiliation)
- A complete version of the paper including the following information: title, name(s) of the author(s), abstract, keywords, email address for each author, complete address(es)
• The abstract you will fill in the submission form is limited to 150 words. • To complete your submission you will have to classify your paper according to a list of keywords. We recomend you choose three keywords (a minimum of one keyword is required) Keywords will define the session referees judging your paper.
Asset Pricing, Banking/Financial Intermediation, Bankruptcy, Behavioral Finance, Capital Structure, Corporate Governance, Derivatives, Ethical Finance, Financial Crisis, Financial Econometrics, Financial Mathematics, Financial Risks, Hedge Funds/Mutual Funds, Historical Finance, Insurance, Interest Rates, International Finance, Investment Policy/Capital Budgeting, Market Microstructure / Liquidity, Merger and Acquisition, Ownership, Payout Policy, Portfolio Management, Private Equity/Venture Capital, Risk Management, Security Issuance/IPO.
• Each submission will be charged 40€

TO SUBMIT, PLEASE VISIT THE WEBSITE OF THE MEETING: http://www.eurofidai.org/december2013.html

Deadline
Papers must be submitted online by June 4, 2013.
Authors will be notified by September 10, 2013.