Saturday | 22 Jun 2024

The International Workshop on Financial System Architecture and Stability (IWFSAS) provides a forum for academic researchers, practitioners and policy makers to discuss current issues related to the structure and design of financial systems and their impact on macro-financial stability and sustainable economic growth.

The conference will take place online on August 30-31, 2021

This year’s IWFSAS meeting will be hosted virtually by Gustavson School of Business at the University of Victoria in collaboration with The Business School (formerly Cass), and the Euro-Mediterranean Economists Association (EMEA).

The Euro-Mediterranean Economists Association – EMEA is sponsoring the event.

Keynote speaker of the workshop is Prof. Andrew Karolyi, Professor of Finance and holder of the Harold Bierman Jr. Distinguished Professorship in Management at Cornell University’s SC Johnson College of Business. He currently serves as Acting Dean.

The Sixth IWFSAS conference offers leading academics, practitioners and policymakers the opportunity to discuss innovative research on a range of topics related to the post- COVID-19 pandemic recovery and climate-related financial issues.

As the world emerges from a global pandemic, calls for a resilient and sustainable recovery have intensified.  The COVID-19 pandemic has led governments to introduce unprecedented fiscal and monetary stimulus packages. While similar measures were used to fight past crises such as the Global Financial Crisis of 2008/09, the scale of current interventions are unprecedented. Their size raises concerns of sovereign debt sustainability and increased risks of corporate default. Meanwhile, exceptionally low and negative real interest rates in many developed countries are encouraging risk taking by investors leading to overvaluation in equity markets.

This call for papers invites submissions of high-quality unpublished manuscripts on topics related to the impact on the financial sector of the COVID-19 pandemic and the transition to net zero, including, but not limited to:

  • Climate risk and asset pricing
  • Green bonds and transition-linked financial instruments
  • Climate scenarios and impact on institutional investors
  • Climate stress testing of the financial system
  • Integrated Assessment Models and asset valuation
  • Stranded assets and carbon bubble risks
  • Climate-related financial disclosures, reporting and other regulatory issues
  • Central banks and the greening of the financial sector
  • COVID-19 recovery and green stimulus policies
  • Monetary policy in the age of COVID
  • ESG risks and sovereign and corporate credit spreads
  • Debt sustainability and international cooperation for debt relief
  • Insurance, banking & pension funds exposure to climate risks
  • Impact investing and other sustainable finance trends
  • Biodiversity and other environmental finance innovation
  • Corporate strategies towards transition and physical risks of climate change
  • Corporate social responsibility in the post-pandemic world
  • Financial innovation and the U.N. Sustainable Development Goals (SDGs)
  • Financial inclusion, Indigenous finance, Indigenous worldviews on ESG issues
  • Gender, race and the role of financial institutions and markets in post-COVID recovery
  • Carbon markets and carbon as an asset class
  • Shareholder engagement on ESG issues
  • Sustainability and stability of financial systems

IWFSAS 2021 welcomes both theoretical and empirical contributions on the above topics, in addition to other more general topics that relate to the structure and stability of the financial system, the green recovery, and climate risk.

Please submit your full manuscript in PDF format by June 15, 2021, via email to:


  1. Deadline for Submission: June 15, 2021
  2. Notification of Acceptance: July 19, 2021
  3. Registration Deadline accepted authors:  July 31, 2021
  4. Conference dates:  August 30-31 2021

 Link to IWFSAS 2021 website