Credit markets are at the heart of macroeconomic policy questions during the current “Great Recession.”  Some of the policy questions address the following issues:

whether credit markets function efficiently
why bankruptcy and foreclosure rates are so high, and whether they are, in fact, too high
if and how central banks should respond to credit market conditions
The purpose of this conference is to bring together leading researchers to present and discuss current work on the facts of credit markets, deep theories of the functioning of such markets, and quantitative assessments of models used to study them.  Applications to consumer bankruptcy, foreclosure, and sovereign debt will be among the topics covered at the conference.

The conference organizer is Eric Young, Associate Professor of Economics at the University of Virginia.