11th International Conference on Sovereign Bond Markets

It is our pleasure to invite you to attend the 11th International Conference on Sovereign Bond Markets. The conference this year focuses on Sailing in Calm and Stormy Waters, and it is hosted by the Bank of Italy at its Venice branch. Co-organizers include the Bank of Canada, the Deutsche Bundesbank, the European Central Bank, the Imperial College|Brevan Howard Centre for Financial Analysis, the Leibniz Institute for Financial Research SAFE, the London Business School|AQR Asset Management Institute and the NYU Stern|Volatility and Risk Institute. Over the past year or so, most central banks around the globe have been achieving remarkable success in combating post-pandemic inflation. Some argue that inflation landing has been bumpy, i.e., not without material costs in terms of reduced economic opportunities and allocation inefficiencies on Main Street, as well as banking fragility and financial distortions on Wall Street. Others instead argue that modern central banking has achieved the rare feat of soft-landing high inflation while supporting a protracted recovery despite a trifecta of geopolitical challenges --- the global conflicts in Ukraine and the Middle East, post-pandemic supply chain strains, and unresolved fiscal quandaries. This debate is likely to continue, and so are the unprecedented challenges currently faced by global capital markets. The final program will include both submitted and invited papers. The Conference will also feature panel discussions on the major outstanding issues in sovereign bond markets.