6th International Conference on Sovereign Bond Markets. Quantitative Easing and Financial (In)Stability

In the aftermath of the 2008 financial crisis, many central banks have engaged in quantitative easing (QE) by buying massive amounts of bonds and other securities from market participants in order to provide liquidity to the markets, reduce the cost of capital, and ultimately foster economic growth. Although such monetary policy measures seem to have had the desired effects in the domestic economy, there are still many open questions about the global impact of QE (and its subsequent unwinding) on the stability of financial markets and financial institutions, not only in industrialized countries but also in emerging markets.

We solicit theoretical and empirical papers on the interactions between financial intermediation and sovereign debt markets.