EMG Seminars and Events

On behalf of the Emerging Markets Group (EMG), Bayes Business School, City University of London and the European Central Bank (ECB), the organizers invite submissions for an EMG/ECB workshop on “The Open Economy of Climate Change” and in particular on the following issues:

• The reaction of key open-economy macro-financial variables (e.g. current account balances, exchange rates, interest rates, commodity prices) to
  • Transition risk (e.g. climate policies, their stringency, credibility, timeliness, design, degree of coordination, behavioural changes, technological progress).
  • Physical risk (e.g. natural disasters, rising temperatures).
• Patterns of international financial flows in response to transition and/or physical risks
  • International bank lending patterns
  • International bond or equity flows
  • International fund flows
• The role of transition-critical mineral supply for the transition
• Climate policy, international trade and carbon leakage
• The role of capital flows and innovation in the low-carbon transition, especially in EMDEs
• The role of international (re-)insurance markets in a world of increasing physical risks
• The role of the international climate finance architecture to mitigate fragmentation and harness the potential of global investments, especially for EMDEs (e.g. blended finance, international technology transfers)
• The impact of climate policy and disasters on global inequality

Submission of papers

• The deadline for paper submission is 1 June 2023.
• Authors of accepted papers for the workshop will be notified by the end of June 2023.

Submit your paper

• Kate Phylaktis (Bayes Business School)
• Livio Stracca (ECB)
• Laura Nowzohour (ECB).

• Ana-Maria Fuertes (Bayes Business School)
• Ian Marsh (Bayes Business School)
• Massimo Ferrari Minesso (ECB)
• Laura Nowzohour (ECB)
• Maria Sole Pagliari (Bank of France)
• Richard Payne (Bayes Business School)
• Kate Phylaktis (Bayes Business School)
• Livio Stracca (ECB).

• Emerging Markets in a Globalising World – Wednesday 24^th November 2021 
  Speakers: Dr Jonathan Ostry, Deputy Director of the Asia and Pacific Department at the IMF; Geert Bekaert, Professor of Finance, Graduate School of Business, Columbia University

Jonathan gave an overview of the achievements of EMG and suggested a research agenda for Emerging Markets based on his experience at the IMF. Geert talked about whether the emerging markets can still be differentiated from developed markets, constituting a separate asset class in the current globalised world; what other emerging market asset classes are available to global investors beyond equities, such as currencies and corporate bonds with implications for portfolio diversification.

Furthermore; the proceedings have been recorded. You can approach Professor Phylaktis if you would like the link to the recorded proceedings.

• EMG-ECB Workshop on International Capital Flows: Drivers and Policy Responses 3-4 May 2018. Guest Speakers: Gian Maria Milesi-Ferretti, Deputy Director at the Research Department of the International Monetary Fund, and Frank Warnock, James C. Wheat Jr Professor and Head of Global Economies and Markets at Darden Business School
• EMG-ECB Workshop on "Global Liquidity and its international implications"
  22 April 2016
  Guest speaker: Dr Linda Goldberg from the Federal Reserve Bank of New York
• 4th EMG Conference on "Emerging Markets Finance"
  8th-9th May 2014
  EMG and the European Central Bank have organised the 4th Annual EMG conference on Emerging Markets Finance in London on 8 and 9 May 2014. The conference was attended by academics, practitioners and policy makers from 19 countries. 
  Selected papers from the conference will be published in a special issue of the Journal of International Money and Finance edited by Kate Phylaktis and Kees Koedijk. 
  Keynote Speakers were: Viral Acharya, Starr Professor of Economics, Leonard N. Stern School of Business Kaufman Management Centre; and Hélène Rey, Professor of Economics, London Business School. Bilal Hafeez, Head of Global FX Strategy, Deutsche Bank delivered the after dinner speech. 
  The Best Paper Award sponsored by Blackrock went to Alexander Popov from the European Central Bank for his paper "Credit constraints, equity market liberalization, and growth rate asymmetry". 
  Some highlights of the conference are captured in the following photo gallery.
• EMG Workshop on "International Capital Flows and the Global Economy" 
  19th April 2013
  Guest speaker was Andrew Karolyi Professor of Finance, Co-Director of Emerging Markets Institute, Alumni Professor in Asset Management, S.C. Johnson Graduate School of Management, Cornell University, USA
• 5th EMG Workshop on Microstructure of Financial Markets
  3-4 May 2012
  The workshop was jointly organised with Bayes Business School (formerly Cass) and the ESRC 
  Guest speaker: Joel Hasbrouck, Kenneth G. Langone Professor of Business Administration and Professor of Finance,Stern School of Business, New York University

• EMG Workshop on Global Linkages and Financial Crises
  27 April 2012
  Guest speaker: Geert Bekaert Leon G Cooperman Professor of Finance, Columbia Business School, New York
• 3rd EMG Conference on "Emerging Markets Finance"
  5-6 May 2011
  Keynote Speakers: Dr Asli Demirguc-Kunt, Senior Research Manager, Finance and Private Sector Development, Development Research Group (DECRG) The World Bank, and Charles Calomiris, Henry Kaufman Professor of Financial Institutions at the Columbia University Graduate School of Business and a Professor at Columbia's School of International and Public Affairs. 
  The conference was sponsored by EFG Eurobank Ergasias London, ESRC, Journal of International Money and Finance, and Bayes Business School (formerly Cass). 
  Open image gallery
• 4th EMG Workshop on Microstructure of Financial Markets
  7 May 2010
  Guest speaker: Kenneth Froot, André R. Jakurski Professor of Business Administration at Harvard University's Graduate School of Business Administration.
• 3rd EMG Workshop on Microstructure of Financial Markets
  1 May 2009
  Guest speaker: Tarun Chordia, Professor of Finance, Goizueta Business School, Emory University, Atlanta, USA.
• 2nd EMG Conference on "Emerging Markets Finance"
  15 - 16 May 2008
  Keynote speakers: Campbell R. Harvey, Duke University, USA and Stijn Claessens, International Monetary Fund, USA. 
  The conference was sponsored by the ESRC, the IMF and the Journal of International Money and Finance. A selection of papers will be in a Special Issue of the Journal of International Money and Finance.

• International Equity Market Comovements and Contagion
  11 May 2007
  Guest speaker is Geert Bekaert Leon G Cooperman, Professor of Finance and Economics, Columbia Business School, USA.
• 2nd EMG Workshop on Microstructure of Capital Markets
  8 December 2006Guest speaker: Maureen O'Hara, Purcell Professor of Finance, Cornell University.
• Transition Economies
  29 September 2006
  This workshop was organised in collaboration with the European Bank of Reconstruction and Development (EBRD). Guest Speaker was Eswar Prasad, Division Chief, Financial Studies Division, IMF & Tolani Senior Professor at Cornell University.
• 1st EMG Workshop on Microstructure of Financial Markets
  9 December 2005
  Guest speaker: Martin Evans, Georgetown University, USA.
• Emerging Markets Finance
  5-6 May 2005
  Guest speakers: Geert Bakaert, Leon G. Cooperman, Professor of Finance, Columbia Business School, USA and Jim Lothian, Professor of Finance, Fordham University. A selection of papers were published in a Special Issue of the Journal of International Money and Finance, 25 (3), 2006.

• Transition Economies
  1 October 2004
  This workshop was organised in collaboration with the European Bank of Reconstruction and Development (EBRD).
• Portfolio Diversification and Contagion
  21 May 2004
  Guest Speaker: Roberto Rigobon from Sloan School of Management, MIT, USA.
• Emerging Capital Markets
  30 January 2004
  Guest speaker: Andrew Karolyi from Ohio State University.
• Emerging Markets Group (EMG)
  29 November 2002
  Bayes Business School (formerly Cass) and Money, Macro and Finance Research Group (MMF) jointly organised a workshop on the 29th November 2002 on Emerging Capital Markets. Invited speakers were Geert Bekaert from Columbia University, Gianluigi Ferruci from the Bank of England and Kate Phylaktis from Bayes Business School (formerly Cass).

The Finance Research Workshops give staff at Bayes an opportunity to discuss their research. It is available to staff, PhD students and people from outside the university. Please click on the link for further information or contact Ana-Maria Fuertes on 020 7040 0186.

The Finance Research Seminars are available to staff, PhD students and people from outside the university and are given by people from other universities around the world. Please click on the link for further information or contact Paolo Volpin.