Program 

  • October 23, 2025

    DAY 1: Thursday 23rd of October 2025

    Location : Recinte Modernista de Sant Pau

     

    9:30 – 10:00 Registration and coffee
    10:00 – 10:15

    Opening Remarks (by conference co-chairs)

    Prof. Rym Ayadi, Founder and President of EMEA
    Prof. Barbara Casu, Bayes Business School, City St George’s, University of London
    Cinzia Alcidi, Senior Research Fellow and Head of the Economic Policy and Jobs & Skills Units at CEPS (online)
    10:15 – 11:00

    Keynote speech: Kathleen Tyson, Founder and Chief Executive, Pacemaker.Global

    The Future of Global Financial Architecture
    11:00 – 12:30 Academic session 1: Financial Stability and Real Economy
    Chair: Sami Ben Naceur, Director, IMF- Middle East Centre for Economics and Finance (CEF)  
      
    Paper 1.1: Disentangling the Real Impact of a Credit Market Disruption
    Author: Cédric Huylebroek, KU Leuven & Norges Bank
    Discussant: Francesc Rodriguez Tous
      
    Paper 1.2: Monetary policy and long-term real rates: Revisiting the evidence
    Author: Francesc Rodriguez Tous, Bayes Business School
    Discussant: Yeganeh Forouheshfar
      
    Paper 1.3: Heterogeneous macroprudential policies and corporate financing decisions
    Author: Yassine Bakkar, Queen’s University Belfast
    Discussant: Cédric Huylebroek
    12:30 – 14:00 Lunch Break
    14:00 – 15:30 Academic session 2: Financial Stability & Market-Based Finance
    Chair: Yeganeh Forouheshfar, Senior researcher, EMEA  
      
    Paper 2.1: Certification vs. conflicts of interests in banking: the case of ABS
    Author: Angela Gallo, Bayes Business School
    Discussant: Eduardo Maqui
      
    Paper 2.2: Market-based finance is no island: Volatility spillovers across non-banks, markets and borders
    Author: Eduardo Maqui, Bank of England
    Discussant: Farah Mugrabi  
      
    Paper 2.3: Systemic Implications of Financial Inclusion
    Author: Farah Mugrabi, Université Catholique de Louvain and Central Bank of Ireland
    Discussant: Angela Gallo
    15:30 – 16:00 Coffee Break
    16:00 – 17:30 Academic session 3: Debt
    Chair: Yara Saab, Director, EMEA  
      
    Paper 3.1: The Chicago Plan Revisited – Debt-Free Money, Growth, And Stability
    Author: Michael Kumhof, Bank of England
    Discussant: Gonçalo Pina
      
    Paper 3.2: The State-Contingent Debt Premium: Evidence from French Public Bonds
    Author: Gonçalo Pina, ESCP Business School
    Discussant: Yassine Bakkar
      
    Paper 3.3: Bitcoin’s Transactional Value and Energy Prices
    Author: Yrjö Koskinen, Haskayne School of Business, University of Calgary and Mohammadhossein Lashkaripour, University of Calgary (Online)
    Discussant: Ivan Russo
    20:00 – 22:30 Social Dinner at Friotast Restaurant.

  • October 24th, 2025

    DAY 2: Friday 24th of October 2025

    9:30 – 11:30 Academic session 4: Geopolitics and Financial Stability
    Chair: Prof. Barbara Casu, Bayes Business School
      
    Paper 4.1: Geopolitical Fragmentation and De-dollarization: Quantifying Systemic Financial Instability through Multi-Asset Reallocation and Contagion
    Author: Beatrice Mbinya, University of Nairobi & African Organization on Debt and Development
    Discussant:     Elise S. Brezis  
      
    Paper 4.2: Geopolitics and Financial Contagion: Are Crises Becoming More Global?
    Author: Elise S. Brezis, Bar-Ilan University
    Discussant: Karim Iddouch  
      
    Paper 4.3: Geopolitical Risk, Global Banking, and the Role of Financial Architecture, Institutions and Regional Integration
    Authors: Karim Iddouch, International University of Casablanca & Sara Loukili, Banque Al Maghreb
    Discussant: Beatrice Mbinya
      
    Paper 4.4: Climate Change Risk-Related Engagement and Credit Risk in the South African Banking System
    Author: Ivan Russo, University of Milano-Bicocca
    Discussant: Ivan Hajdukovic (online)
    11:30 – 11:45 Coffee Break
    11:45 – 12:30

    Keynote speech: Prof. Ulrich Bindseil, TU Berlin and former Director General Market Infrastructure and Payments at the European Central Bank (ECB)

    Monetary sovereignty – responding to the new challenges
    12:30 – 14:00 Lunch Break
    14:00 – 15:30

    Policy Session: Rethinking Global Finance

    Moderator: Prof. Rym Ayadi, President, EMEA 
    Introduction:     Karel Lannoo, Chief Executive Officer at CEPS
    Panelists:

    • Kathleen Tyson, Founder and Chief Executive, Pacemaker.Global
    • Ulrich Bindseil, TU Berlin and former Director General Market Infrastructure and Payments at the European Central Bank (ECB)
    • Martin Kessler, Director, Finance for Development Lab, Paris
    • Katie Gallogly Swan, UNCTAD (Online)
    • Martin R. Stuchtey, Founder of The Landbanking Group
    15:30 – 15:45 Final Conclusions and closing & Family photo
    Prof. Basma Majerbi, Gustavson School of Business, University of Victoria (Online)

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