2025 Rising Scholars Conference: The Future of Financial Stability

The Office of Financial Research (OFR) and the Review of Corporate Finance Studies (RCFS) hosted the annual Rising Scholars Conference on May 2 in Washington, D.C.

The conference was for scholars who received their PhD within the last six years, and this year’s focus was on the future of financial stability. The conference was held from 8:30 a.m. to 4:30 p.m.

Selected papers and scholars, along with discussants, in the conference program included:

Paper and Scholar	Discussant
Unrealized Trading Gains Chuck Fang, Drexel University	Andrew Ellul, Indiana University
Monetary Policy Normalization in the New Normal: The Role of Quantitative Tightening Martin Arazi, Washington University in St. Louis	Jane Li, Columbia University
Home Is Where Your FinTech Loan Is Tamanna Singh Dubey, University of Michigan	Tess Scharlemann, Federal Reserve Board
Anatomy of the Treasury Market: Who Moves Yields Manav Chaudhary, University of Chicago, Booth School of Business	Alexandra Tabova, Federal Reserve Board
Dynamic Self-Fulfilling Fire Sales Paymon Khorrami, Duke Fuqua School of Business	Brandon Yueyang Han, University of Maryland
Regulating Credit: The Impact of Price Regulations and Lender Technologies on Financial Inclusion Susan Cherry, Stanford University	Agustin Miguel Hurtado, University of Maryland
Dealers, Information, and Liquidity Crises in Safe Assets Win Monroe, Imperial College London	Chotibhak Jotikasthira, Southern Methodist University, Cox School of Business

Remarks by OFR Acting Director James Martin