On the heels of the banking panics that led to the collapse of Silicon Valley Bank and takeover of Credit Suisse, the financial system once again faces a novel set of challenges that have generated uncertainty throughout the global economy. These challenges pose risks to output, employment, and inflation and are joined by the risks stemming from resultant fiscal and monetary policies. These risks develop in the context of rapidly evolving markets and institutions, with cryptocurrencies, stablecoins, CBDCs, artificial intelligence, and many other fintech developments changing the face of finance.

The eleventh annual Financial Stability Conference organized by the Federal Reserve Bank of Cleveland and the Office of Financial Research will explore these issue.