The Great Financial Crisis of 2007/2008 still casts a shadow on many developed economies in terms of real outcomes, such as investment, innovation, employment, or trade. Whereas a plethora of macroprudential measures strengthened the resilience of financial systems, immediate liquidity assistances provided by lenders of last resort around the globe created potentially hazardous dependencies of financial institutions and markets on loose re-financing conditions. This environment alleviated credit constraints for non-financial firms, but it might also have contributed to the rise of unsustainable leverage in the corporate sector and poor governance and monitoring that leads ultimately to the misallocation of real resources.
The Competitiveness Research Network (CompNet), the European Bank for Reconstruction and Development (EBRD) and the Finance department at the Leibniz Institute for Economic Research (IWH), invite submission for the 1st FINPRO conference on the intersection of these two research fields. In line with the mission of CompNet to act as a hub to connect researchers and (micro) data providers from both the realm of policy making and academia, we seek to attract papers of the highest academic quality that include, but are not limited to the following topics:
- Productivity measurement at the micro level
- Micro productivity and aggregate real activity
- Credit constraints and investment
- Inefficient lending
- Funding innovation and entrepreneurs
- Financial repression, factor accumulation, and re-allocation
- Macroprudential and monetary policy effects on productivity
- Transmission and interaction of financial and factor market policies
- Feedback loops between financial and non-financial agents
- FinTech and Venture Capital
We welcome both empirical and theoretical contributions. Whereas we are particularly interested in studies that utilize CompNet data, this feature is not a prerequisite.
The FINPRO conference will take place at the EBRD, London on December 2/3, 2019.
Papers should be submitted to FINPRO@iwh-halle.de by July 31, 2019. Decisions will be mailed to authors by August 31, 2019. We aim for a high-quality workshop with ample time dedicated to a selected set of around 10 papers that are discussed by an expert in the field.
The keynotes will be given by Kalina Manova (University College London) and Şebnem Kalemli-Özcan (University of Maryland).
Program committee: Filippo di Mauro (CompNet), Çağatay Bircan (EBRD), Michael Koetter (IWH)
Local organization: Andrea Strauch and Birgit Sedlick
Discussants: Members of the academic panel: Thorsten Beck, Andrea Caggese, Ramana Nanda, Jose-Luis Peydro, Vincent Sterk