Department of Economics & Finance
AACSB International EQUIS - European Quality Improvement System

International Conference on the New Normal in the Post-Crisis Era

May 21-22, 2015
​14-221, AC3, City University of Hong Kong, Hong Kong
Organized by City University of Hong Kong (Department of Economics and Finance, and Research Center for International Economics), De Nederlandsche Bank (Research Department) and Journal of International Money and Finance.

Papers (Hard copies will not be provided during the conference. Please print and bring your own copies as needed.)
About the Conference
What is the “new normal” after the recent global financial crisis? By now, the “new normal” carries a multitude of meanings and reflects the changes triggered by the crisis. Some versions of the new normal are, for example, the slow and protracted recovery process, the de-leveraging of the balance sheets of households, governments and financial institutions, the new global economic and monetary architectures, the coupling and decoupling of developed and developing economies, the surge in global liquidity following unprecedented quantitative easing, and the challenging financial market conditions under the unconventional central bank policies.

To put the various post-crisis developments in perspective, we invite researchers to present their original work on the new normal in the real economy and global financial markets. We would like to strike a good balance between academic rigor and policy relevance, and offer alternative viewpoints on the multiple versions of the new normal after the crisis.

Those interested in presenting at the conference should send a complete paper or an extended abstract in WORD or PDF format via email to by January 10, 2015. Authors of accepted papers will be notified by February 10, 2015. Final versions of the accepted papers will be posted on the conference website (

Selected papers presented in the conference will be considered – via a fast track review process – for a JIMF special issue titled “The New Normal in the Post-Crisis Era,” which is scheduled to be published in early 2016. Co-editors are Joshua Aizenman (JIMF), Yin-Wong Cheung (CityU, HK), and Jakob De Haan (DNB). 

Keynote Speakers
Stephen G. Cecchetti, Brandeis University
Pierre-Olivier Gourinchas, University of California, Berkeley 
Conference Committee
Joshua Aizenman, University of Southern California and NBER
Yin-Wong Cheung, City University of Hong Kong
Jakob de Haan, De Nederlandsche Bank, University of Groningen and CESifo
Yu Zheng, City University of Hong Kong
Closing date for registration: May 4, 2015
We thank the Hung Hing Ying and Leung Hau Ling Charitable Foundation (孔慶熒及梁巧玲慈善基金) for their support through the Hung Hing Ying Chair Professorship of International Economics (孔慶熒講座教授(國際經濟)).
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