The Wharton Conference on Liquidity and Financial Crises is an annual event. We held the first conference in 2012, and are now working on the fifth one which will be held on October 14-15, 2016. The conference features leading papers by leading authors on the broad topics of liquidity and financial fragility.

Some of the themes covered in the conference are: 1. Coordination failures, self-fulfilling beliefs, and runs. 2. Financial frictions and the macro economy. 3. Liquidity and frictions in financial markets. 4. Systemic risk and financial regulation. 5. Financial institutions, networks, and contagion. 6. Sovereign debt crises and their link to the financial sector. 7. The impact of crises and fragility on firms’ financing and investment policies.

The organizers of the conference are Franklin Allen, Itay Goldstein, and Guillermo Ordonez. We also have a program committee of more than 20 leading scholars, who help us in selecting the papers. We attempt to create a program that consists of the best papers, while maintaining a balance between finance-oriented and macro-oriented research and between empirical and theoretical research. We believe that the dialogue between the different strands of research is critical for a better understanding of the broad themes around liquidity and fragility.

On this website, you can see details about previous meetings and about the upcoming meeting.