Call for Papers

IBEFA Meeting at the 17th WEAI International Conference
April 12-15, 2023 | Melbourne, Australia
hosted by University of Melbourne

For more information, click here

CEMLA/DALLAS FED Financial Stability Workshop

December 12-13, 2022 - Mexico City

Submission deadline: July 1, 2022.

New Publication: Labor and Finance: The Effect of Bank Relationships

Professor Lars Norden, manager of the CBFR, has published the paper "Labor and Finance: The Effect of Bank Relationships" on the The Journal of Financial and Quantitative Analysis (JFQA).



In the research article “Labor and Finance: The Effect of Bank Relationships”, published in the Journal of Financial and Quantitative Analysis (JFQA) in November 2022, Dr. Patrick Behr (Università della Svizzera italiana, Switzerland), Professor Dr. Lars Norden (FGV EBAPE, Brazil; currently visiting researcher at Georgetown University and the International Monetary Fund in Washington DC) and Dr. Raquel de Freitas Oliveira (Central Bank of Brazil, Brazil) investigate whether firms’ number of credit relationships with financial institutions affects labor market outcomes. Using 5 million observations on matched credit and labor panel data from Brazil, they estimate IV regressions, employing exogenous variation in firm-lender relationships due to nationwide bank M&A activity. Firms with more relationships employ more workers and pay higher wage bills. Credit availability, cost of credit and financial institution heterogeneity are economic channels. The firm-level results translate into positive macroeconomic effects in municipalities and states. The evidence is novel and indicates positive effects of multiple relationships on labor market outcomes in an emerging economy.

Call for Papers – IBEFA Annual Meeting at the 2023 ASSA Conference

The International Banking, Economics, and Finance Association (IBEFA) will hold its next Annual Meeting in New Orleans, LA, in conjunction with the Annual Allied Social Science Associations Conference, Friday, Saturday, and Sunday, January 6–8, 2023. Members and non-members are equally encouraged to submit papers.

Submission Deadline:  March 25, 2022

We encourage the submission of papers on topics including (but not limited to) financial intermediation inside or outside of the regulated sector; securitization and shadow banking; financial risk measurement and management; financial stability and macroprudential policies, including climate risks; payments systems; household finance; financial market structure and regulation; central banking; and financial innovation.

Completed papers should be submitted electronically by Friday, March 25, 2022.



To submit a paper, please begin by registering at the conference planning website ( This link can also be reached via the heading “Call for Papers – ASSA” at the IBEFA website ( Enter all requested contact information for all authors. If you experience any submission difficulty, please contact Niki Maas (



There is a submission fee of US$50 dollars per paper, except for papers solely authored by students who are charged a fee of US$25. Authors of accepted papers must also register to attend the ASSA annual meeting, as ASSA charges a separate conference registration fee for all attendees.

For information about the ASSA winter meeting, see


Jens Christensen

Program Chair

Federal Reserve Bank of San Francisco


Scientific Committee:

Martin Andreasen (Aarhus University), Georgia Bush (Bank of Mexico), Luis Ceballos (University of San Diego), Stefania D’Amico (Federal Reserve Bank of Chicago), John C. Driscoll (Federal Reserve Board), Peter Feldhütter (Copenhagen Business School), José Fillat (Federal Reserve Bank of Boston), Jean-Sébastien Fontaine (Bank of Canada), Andreas Fuster (EPFL & Swiss Finance Institute), Juan Angel García (European Central Bank), Eleonora Granziera (Norges Bank), Sarah Mouabbi (European Central Bank), Fernanda Nechio (Federal Reserve Bank of San Francisco), Benoît Nguyen (Banque de France), Lars Norden (Getulio Vargas Foundation), Ali Ozdagli (Federal Reserve Bank of Dallas), Bernd Schwaab (European Central Bank), Gustavo Schwenkler (University of Santa Clara), Larry Wall (Federal Reserve Bank of Atlanta), Xin Zhang (Sveriges Riksbank).

FGV is Elected the 3rd Most Important Think Tank in the World

For more information, click here

New study on Relationship Lending during the COVID-19 crisis featured in Forbes

Berger, A., Bouwman, C., Norden, L., Roman, R., Udell, G., Wang, T., 2020. Is a Friend in Need a Friend Indeed? How Relationship Borrowers Fare during the COVID-19 Crisis. Working Paper, December 2020.


Link to the Forbes article: Click Here

Link to the full study: Click Here


FGV again fifth-best Think Tank worldwide and the best one in Latin America

For more information: Click Here

Diana Bonfim became a Research Fellow of the CBFR

Diana Bonfim (Banco de Portugal) agreed to become a Research Fellow of the CBFR in Rio. Website

FGV: Think Tank #1 in Latin America and #3 worldwide

Fundação Getulio Vargas rose one more position in the 2019 edition of the Global Go To Think Tanks Index, which has just been released by the University of Pennsylvania. It is now in fifth place. It was also rated the best administered think tank on the planet for the third consecutive year, and the best think tank in Latin America for the 11th year in a row.

To full article click here

FGV-EBAPE student receives AFA Ph.D. Student Travel Grant

Luiz Carlos Feitosa de Moura, Ph.D. student in finance at FGV-EBAPE since 2017, has been chosen to receive a Ph.D. Student Travel Grant from the American Finance Association (AFA) to attend the 2020 AFA Annual Meeting in San Diego, California from January 3-5, 2020. This conference is part of the Allied Social Sciences Association Meetings (ASSA) that includes the American Economic Association Meeting (AEA) and the International Banking, Economics, and Finance Association Meeting (IBEFA). Luiz Carlos investigates the influence of transparency and corruption on finance and is supervised by Professor Lars Norden, FGV-EBAPE and Center for Banking and Finance Research (CBFR) in Rio, who will present a research paper at the meetings.