The Role of Money Markets
May 29-30, 2008


On May 29-30, Columbia Business School and the Federal Reserve Bank of New York will cosponsor a conference that brings together scholars and policymakers interested in the theoretical and applied aspects of money markets, including cross-country comparative analysis. Especially welcomed are papers that investigate the potential effect on money markets if the Federal Reserve begins paying interest on bank reserves in 2011.

Money markets are integral to the financial infrastructure of industrial countries and are among the largest financial markets in the world. These markets, which serve as channels for the execution and transmission of monetary policy and as trading venues for the shortest-term instruments, anchor the entire term structure of interest rates. Money markets are central to the allocation of capital, the efficient distribution of liquidity among financial institutions, and the hedging of short-term risks. The markets also play an important role in the credit evaluation process and in the the large-value payments systems where trades are settled.

The conference is open to academics and other researchers in the field of economics. It is closed to the media.
Call for Papers » pdf
Conference Registration Form »
(Registration has been closed)
Conference Program »
Workshop Location
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
Workshop Organizers
Leonardo Bartolini, Federal Reserve Bank of New York
Spence Hilton, Federal Reserve Bank of New York
James McAndrews, Federal Reserve Bank of New York
Suresh Sundaresan, Columbia Business School
More Information
Please contact Leo Bartolini or James McAndrews
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