Session 1 – FX1

Dealer risk limits and currency returns (working paper)
Omar Barbiero, Falk Bräuning, Gustavo Joaquim, and Hillary Stein
Discussant: Peter Hoffman (Lead Economist, Financial Research Division, European Central Bank)

Intermediary elasticity (working paper)
Yu An, and Amy Wang Huber
Discussant: Dagfinn Rime (Professor, Norwegian Business School)

Session 2 – Bond 1

Collateral demand in wholesale funding markets (working paper)
Jamie Coen, Patrick Coen, and Anne-Caroline Hüser
Discussant: Marianna Blix Grimaldi (Economist, Swedish National Debt Office)

Reaching for duration and leverage in the treasury market (working paper)
Daniel Barth, R. Jay Kahn, Phillip Monin, and Oleg Sokolinskiy
Discussant: Robert Czech (Senior Research Economist, Bank of England)

Session 3 – OTC

Relationships versus competition in OTC markets (working paper)
Hannes Halder
Discussant: Carola Muller (Research Economist, Bank for International Settlements)

Intermediation networks and derivative market liquidity: Evidence from CDS markets (working paper)
Mark Paddrik, and Stathis Tompaidis
Discussant: Filip Zikes (Principal Economist, Board of Governors of the Federal Reserve System)

Session 4 – Bond 2

Why we should start thinking of illiquidity spells in Over-The-Counter markets in terms of monopolistic inefficiency (working paper)
Assa Cohen
Discussant: Lars Christian Larsen (Assistant Professor, Copenhagen Business School)

Outages in sovereign bond markets (working paper)
Mark Kerssenfischer, and Caspar Helmus
Discussant: Davide Tomio (Assistant Professor, University of Virginia Darden School of Business)

Session 5 – FX2

Hunting for dollars (working paper)
Pēteris Kloks, Edouard Mattille, and Angelo Ranaldo
Discussant: Georgia Bush (Senior Research Economist, Bank of Mexico)

Dealer participation (working paper)
Nina Boyarchenko, Lars C. Larsen, Gyuri Venter, and Paul Whelan
Discussant: Santiago Bazdresch (Senior Economist, Bank of Mexico)

Session 6 – Policy

LASH risk and interest rates (working paper)
Laura Alfaro, Saleem Bahaj, Robert Czech, Jonathon Hazell, and Ioana Neamt
Discussant: Jens Christensen (Research Advisor, Financial Research Division, Federal Reserve Bank of San Francisco)

Safe asset scarcity and monetary policy transmission (working paper)
Benoit Nguyen, Davide Tomio, and Miklos Vari
Discussant: Mark Kerssenfischer (Economist, Deutsche Bundesbank)