ABFER 13th ANNUAL CONFERENCE
The call for papers has closed. The conference will be held on 18-21 May 2026 in Singapore.
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13th ASIAN MONETARY POLICY FORUM
The 13th AMPF will commence on 22 May 2026 with a joint dinner with ABFER, followed by the forum on 21 May 2026 at Conrad Singapore Orchard
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CALL FOR POSTERS 2026
The poster sessions will be held on 19 and 20 May 2026 at the ABFER 13th Annual Conference.
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CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
Webinar series on every third Thursday of the month
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INDUSTRY OUTREACH PANEL
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  • ABFER 13th ANNUAL CONFERENCE
  • 13th ASIAN MONETARY POLICY FORUM
  • CALL FOR POSTERS 2026
  • CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
  • INDUSTRY OUTREACH PANEL

SOME IMPORTANT FACTS ABOUT US

4265 SUBMITTED Papers submitted to
Annual Conference
11415 AUTHORS Representing number
of authors
684 PRESENTED Papers presented at
Annual Conferences
218 JOURNALS Papers published in
significant journals
5200 PARTICIPANTS Participants at
Annual Conferences

Details
Category: Annual Conference

12th Annual Conference
Master Class by Professor Steven Davis

 

Text-Based Analyses of Stock Markets, Business Performance, and Policy Uncertainty


We will review text-based approaches to measuring policy uncertainty and assessing its effects on business investment, employment growth, and national economic performance. We will show how to use similar methods to quantify and characterize the sources of stock market volatility. Throughout the discussion, we will attend to the role of simplicity, transparency, expertise, scalability, cost, and performance in selecting a text corpus and text-based methods for research purposes.

22
May
2025
Thursday
Venue: Tanglin I to III, Level 2
Conrad Singapore Orchard, 1 Cuscaden Rd, Singapore 249715



Program is subjected to change. Updated on 27 May 2025.

Speakers

  • Professor Steven DAVIS

    Professor Steven DAVIS

     

    Thomas W. and Susan B. Ford Senior Fellow, Hoover Institution; Senior Fellow, Stanford Institute for Economic Policy Research, William H. Abbott Distinguished Service Professor Emeritus at the University of Chicago Booth School of Business and Senior Fellow and Exco Member, ABFER

    Steven Davis is the Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution, senior fellow at the Stanford Institute for Economic Policy Research (SIEPR), and distinguished service professor emeritus at the University of Chicago Booth School of Business. He is an NBER research associate, IZA research fellow, senior academic fellow with the Asian Bureau of Finance and Economics Research, adviser to the Monetary Authority of Singapore, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, and an elected fellow of the Society of Labor Economists. He hosts Economics, Applied, a bi-monthly podcast series sponsored by the Hoover Institution.

    In addition to his scholarly work, Davis has written for the Atlantic, Bloomberg View, Financial Times, Forbes, Los Angeles Times, Wall Street Journal and other popular media. He has appeared on BBC, Bloomberg TV, CGTN, Channel News Asia, CNBC, CNN, Fox News, NBC Network News, Sinclair Broadcast Group, and the U.S. Public Broadcasting System.
  • Professor Shang-Jin WEI

    Professor Shang-Jin WEI

     

    N.T. Wang Professor of Chinese Business and Economy, and Professor of Finance and Economics, Columbia University; Former Chief Economist, Asian Development Bank and Vice President, ABFER

    Shang-Jin Wei is N.T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University’s Graduate School of Business and School of International and Public Affairs.

    During 2014-2016, Dr. Wei served as Chief Economist of Asian Development Bank and Director General of its Economic Research and Regional Cooperation Department. He was ADB’s chief spokesperson on economic trends and economic development in Asia, advised ADB’s President on economic development issues, led the bank’s analytical support for regional cooperation fora including ASEAN+3 (China, Japan, and Korea) and APEC, growth strategy diagnostics for developing member countries, as well as research on macroeconomic, financial, labor market, and globalization issues.

    Prior to his Columbia appointment in 2007, he was Assistant Director and Chief of Trade and Investment Division at the International Monetary Fund. He was the IMF’s Chief of Mission to Myanmar (Burma) in 2004. He previously held the positions of Associate Professor of Public Policy at Harvard University, the New Century Chair in Trade and International Economics at the Brookings Institution, and Advisor at the World Bank.

    He has been a consultant to numerous government organizations including the U.S. Board of Governors of the Federal Reserve System, United Nations Economic Commission on Europe, and United Nations Development Program, the Asian Development Bank, and to private companies such as PricewaterhouseCoopers. He holds a PhD in economics and M.S. in finance from the University of California, Berkeley.

    Dr. Wei is a noted scholar on international finance, trade, macroeconomics, and China. He is a recipient of the Sun Yefang Prize for Distinguished Contributions to Economics (for the invention of the Competitive Saving Motive published in Journal of Political Economy), the Zhang Peifang Prize for Contributions to Economics of Development (for pioneering work on measurement of global value chains published in American Economic Review), and the Gregory Chow Award for Best Research Paper; some of his research was supported by a grant from the U.S. National Science Foundation.

    Dr. Wei’s research has been published in top academic journals including American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, Journal of International Economics, and Journal of Development Economics, and reported in popular media including Financial Times, Wall Street Journal, Economist, Business Week, Times, US News and World Report, Chicago Tribune, South China Morning Post, and other international news media.

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Session Format

90 minutes lecture followed by 30 minutes Q&A.



Details
Category: Annual Conference

13th Annual Conference
Master Class by Professor Matteo Maggiori

 

Geoeconomics


An overview of geoeconomics research and policy. We will introduce a modeling framework for thinking about geoeconomics, then take it to the data using both a sufficient statistics approach based on structured data (bilateral trade data) and one based on artificial intelligence (LLMs and text data). We will review the intellectual history of the topic and open questions. The masterclass will focus on recent advances in modeling and measuring: geoeconomic power, economic coercion, anti-coercion policies, fragmentation, and strategic sectors for national security. 

21
May
2026
Thursday
Venue: Tanglin I to III, Level 2
Conrad Singapore Orchard, 1 Cuscaden Rd, Singapore 249715



Program is subjected to change. Updated on 11 Feb 2026.

Speakers

  • Professor Matteo MAGGIORI

    Professor Matteo MAGGIORI

     

    The Moghadam Family Professor of Finance, Stanford Graduate School of Busines, Stanford University

    Matteo Maggiori is the Moghadam Family Professor of Finance at the Stanford Graduate School of Business. His research focuses on international macroeconomics and finance. He is a co-founder and director of the Global Capital Allocation Project. His research topics have included the analysis of exchange rates under imperfect capital markets, capital flows, the international monetary system, reserve currencies, geoeconomics, tax havens, very long-run discount rates and climate change, and expectations and portfolio investment. His research combines theory and data with the aim of improving international economic policy. He is a faculty research fellow at the National Bureau of Economic Research and a research affiliate at the Center for Economic Policy Research. He received his PhD from the University of California at Berkeley.

    Among a number of honors, he is the recipient of the Fischer Black Prize awarded to an outstanding financial economist under the age of 40, the Carnegie and Guggenheim fellowships, and the Bernacer Prize for outstanding contributions in macroeconomics and finance by a European economist under age 40.
  • Professor Andrew K. ROSE

    Professor Andrew K. ROSE

     

    Distinguished Professor and Dean, NUS Business School, National University of Singapore and Exco of ABFER

    Andrew K. Rose has been serving as Dean and distinguished professor of the National University of Singapore's Business School from June 1, 2019. He is also the B.T. Rocca Jr. Professor Emeritus of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley.
    In addition, he is a Research Associate of the National Bureau of Economic Research (based in Cambridge, MA), a Research Fellow of the Centre for Economic Policy Research (based in London, England), and a Senior Fellow of the Asian Bureau of Finance and Economic Research (based in Singapore). He received his Ph.D. from the Massachusetts Institute of Technology, his M.Phil. from Nuffield College, University of Oxford, and his B.A. from Trinity College, University of Toronto.

    Rose has published over one hundred and fifty papers, including a hundred articles in refereed economics journals such as the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Finance. His research addresses issues in international trade, finance, and macroeconomics, and has received more than 50,000 citations. His teaching is in the areas of international macroeconomics; he has won two teaching awards.

    He served as Berkeley-Haas Associate Dean for Academic Affairs and Chair of the Faculty 2010-2016, and was the managing editor of The Journal of International Economics 1995-2001. He was the founding director of the Clausen Center for International Business and Policy at Haas and the Risk Management Institute at the National University of Singapore. He has organized over fifty academic conferences.

    Rose is interested in the theory and practice of economic policy; most of his work is applied and driven by "real world" international phenomena. A citizen of three countries, he has worked on six continents and at a number of international economic agencies, including: the International Monetary Fund, the World Bank, and the Asian Development Bank. He has also worked at a number of national agencies, including: the US Department of Treasury, HM Treasury (UK), the Canadian Department of Finance; and the central banks of: Australia, Barbados, Canada, England, Europe, Hong Kong, Israel, Italy, Japan, Netherlands, New Zealand, Singapore, Spain, and the United States. He has visited a number of other universities, including Cape Town, EUI, FUB, INSEAD, Keio, London School of Economics, Melbourne, NUS, Princeton, SHUFE, SMU, Stockholm, Tel Aviv, Tsinghua, ULB, and Victoria.

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Session Format

90 minutes lecture followed by 30 minutes Q&A.

Pre-readings

The following papers will be covered in detail and are suggested readings for the class: 
  1. A Framework for Geoeconomics 
  2. Putting Economics Back Into Geoeconomics 
  3. A Theory of Economic Coercion and Fragmentation 
  4. Geoeconomic Pressure 


Details
Category: Annual Conference

Academic Luncheon Keynote by Professor Darrell Duffie

 

The Decline of Too Big to Fail
(Based on joint work with Antje Berndt and Yichao Zhu)

Crisis revelations of the costs of "too-big-to-fail'' have lead to new legal methods, globally, for resolving the insolvencies of systemically important banks. Rather than bailing out these firms with government capital injections, insolvency losses are now supposed to be allocated to wholesale creditors. Many commenters believe, however, that these reforms have not significantly reduced the likelihood of government bailouts of these firms. We estimate post-crisis declines in market-implied bailout probabilities for US globally-systemically important banks (G-SIBs), the associated increases in G-SIB bond yields, and the declines in G-SIB equity market values stemming from reductions in debt financing subsidies associated with bailout expectations. We show that G-SIB balance sheet data and the market prices of debt and equity imply a dramatic and persistent post-crisis reduction in market-implied probabilities of government bailouts of U.S. G-SIB holding companies.

Details
Category: Annual Conference

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PHOTO GALLERY

 
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12th Asian Monetary Policy Forum
Master Class by Professor Steven Davis
Inaugural Poster Sessions 2025
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VIDEO GALLERY

10th Asian Monetary Policy Forum

 

Luncheon Address by Professor Michael Spence
"The Global Economy in the Next Generation: The Growth Report at 15”