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METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20251031T093839Z
DTSTART;VALUE=DATE:20250708
DTEND;VALUE=DATE:20250712
SUMMARY:Workshop: Money as if Finance Mattered #2
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}mcf-mcp5n5s
 t-ncpj5b
DESCRIPTION:A collaboration of the Institute for New Economic Thinking (I
 NET) and the University of Manchester (Initiative for Global Law and Pol
 itical Economy\, Law and Technology Initiative\, and Political Economy C
 entre)\n\nIntroduction\n\nApproaches to money and finance in economics t
 ypically discount core dynamics: monetary models often abstract from fin
 ance (e.g.\, monetarist or new Keynesian)\, while financial models tend 
 to ignore the temporal and structural role of money (e.g.\, Wicksellian 
 traditions). When money is addressed\, it is frequently framed in narrow
 ly domestic terms that privilege fiat authority while overlooking intern
 ational constraints—or\, conversely\, in global terms that neglect the i
 nstitutional capacities of governments and banking systems. In this cont
 ext\, Money as if Finance Mattered workshop series focuses on developing
  a credit money approach that moves away from representative agent model
 s and sectoral aggregates toward modeling a liquidity based hierarchy of
  dynamic\, time-indexed balance sheets\, positioned within interlocking 
 relations dominated by settlement constraint.\n\nCentral focus of the wo
 rkshop revolves around:\n\n1. Balance sheet relations and interactions: 
 Financial obligations span agents and institutions\, creating layered de
 pendency structures that amplify stress and redistribute\nliquidity pres
 sures. \n\n2. Endogenous risk: Risk emerges within the system as liquidi
 ty mismatches grow during expansions. Crises are triggered when settleme
 nt constraints bind and positions become non-viable.\n3. Monetary hierar
 chy and design: Monetary systems are institutionally stratified. Issuanc
 e power\, access to settlement\, and liquidity support are unequally dis
 tributed—both within and across borders.\n4. Reflux dynamics: Money issu
 ance entails a corresponding need for settlement. Circulation is both dr
 iven and constrained by the mechanisms that extinguish liabilities.\n\nT
 his session applies this lens across five domains:\n1. The nature of mon
 ey and financial instruments\, and their entanglement with the non-finan
 cial economy\;\n2. Debt management\, with specific attention to sovereig
 n issuance and public finance\;\n3. The architecture of FX markets\, swa
 p arrangements\, and eurodollar-based liquidity\;\n4. The system-wide ef
 fects of derivatives\, shadow banking\, and synthetic instruments\;\n5. 
 The operational space of monetary and fiscal policy\, including its pote
 ntial and limits.\n\nFormat\n\nThis workshop will invite young scholar p
 articipants to submit a set of questions regarding the current state of 
 monetary and financial analysis as they apply it in their research. Thes
 e will be\nshared with speakers who will in turn prepare talks that addr
 ess foundations of economic analysis and the potential ways to develop i
 t in the future to take a more coherent account of money and\nfinance. T
 he speakers will share literature that will relate to their talks ahead 
 of the workshop and this will be obligatory reading for all of the parti
 cipants. The workshop will include an opening\nsession where participant
 s will comment upon the questions\, talks by speakers with extensive Q&A
  portions\, and a final session where participants will discuss the take
 aways of the workshop.\n
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:Williamson Building 4.07\, University of Manchester\, 176 Oxford
  Rd\, Manchester\,  M13 9QQ
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