IWFSAS 2017

IWFSAS 2017 “Financial Systems: Diversity, Stability and Sustainable Development”

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 Awards

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.

Important dates

Those wishing to present a paper at this conference are invited to submit their full manuscript in PDF format by May 15, 2017 via email to: iwfsas2017@iwfsas.org 

Deadline for Submission: May 15, 2017
Notification of Acceptance: June 15, 2017
Early Registration Deadline: July 15, 2017
Conference dates: August 24-25, 2017


Scientific Committee

Each paper submission will be reviewed by two members of the scientific committee before we make acceptance decisions. The workshop program will include formal discussions of all papers selected for presentation.

Members of the scientific committee
Christina Atanasova, Beedie School of Business, Simon Fraser University
James Barth, Auburn University & Milken Institute
Sami Ben Naceur, International Monetary Fund
Jose Berrospide, Board of Governors of the Federal Reserve System
Arnoud Boot, University of Amsterdam
Narjess Boubakri, American University of Sharjah
Barbara Casu, Cass Business School, City University London
Susan Christoffersen, Rotman School of Management, University of Toronto
Martin Cihak, International Monetary Fund
Meryem Duygun, Nottingham University
Vihang Errunza, Desautels Faculty of Management, McGill University
Giovanni Ferri, LUMSA University, Rome
Franco Fiordelisi, University of Rome III
Ron Giammarino, Sauder School of Business, University of British Columbia
Claudia Girardone, Essex Business School, University of Essex
Iftekhar Hasan, Fordham University
Panu Kalmi, University of Vaasa
Michael King, Ivey Business School, Western University
Rosa Maria Lastra, Queen Mary, University of London
Donato Masciandaro, Bocconi University
Nadia Massoud, Melbourne Business School, the University of Melbourne
Donal McKillop, Queen’s University, Belfast
Vikas Mehrotra, University of Alberta
Camelia Minoiu, International Monetary Fund
Usha Mittoo, Asper School of Business, University of Manitoba
Philip Molyneux, Bangor University
Edwin Neave, Smith School of Business, Queen’s University
Barry Quinn, Queen’s University, Belfast
Jean Roy, HEC Montreal School of Business
Reinhard Schmidt, Goethe University, Frankfurt
Stuart Snaith, Gustavson School of Business, University of Victoria
Benoit Tremblay, HEC Montreal School of Business
Thierry Warin, HEC Montreal School of Business
Clas Wihlborg, Chapman University
James Wilcox, University of California at Berkeley
Jonathan Williams, Bangor Business School, Bangor University
John Wilson, University of St-Andrews

Useful links

Official website: iwfsas.org
IWFSAS 2016 Meeting Report