16th Annual Financial Markets and Liquidity (AFML) Conference
The Institute of Finance at Corvinus University of Budapest; the Game Theory Research Group, HUN-REN Centre for Economic and Regional Studies; the Department of Finance at ESSEC Business School; and the Faculty of Economics at Eötvös Loránd University invite you to the 16th Annual Financial Markets and Liquidity (AFML) Conference, in Budapest, Hungary, on 15th – 17th October 2025,
with Distinguished Keynote Speaker:
The 16th edition of the Annual Financial Markets and Liquidity (AFML) Conference aims to unite academics and practitioners to discuss cutting-edge research in financial markets, the broad field of liquidity, and its societal implications. The conference welcomes papers on all general finance topics, such as Corporate Finance, Investments, Banking, Asset Pricing, Mathematical Finance, Systemic Risk, Regulations, ESG Investments and Sustainability, Climate Finance, Household Finance, AI and Machine Learning, and Game Theoretic Aspects of Financial Markets. The conference also welcomes submissions on liquidity-focused topics, such as Market and Funding Liquidity; Global Liquidity (both Public and Private); Leverage and Macroeconomic Determinants; Market Microstructure; Illiquid Alternative Investments; and Asset Innovations.
The conference will start with a networking session on the 15th, followed by two full days of presentations, including short paper pitching sessions to editors and an editorial plenary session.
We are honoured to have at the conferences the following distinguished and invited speakers:
- AI and Machine Learning special session: Fabio Trojani, University of Geneva
- Household finance special session: Laurent Bach, ESSEC Business School
- Climate finance special session: Simona Mateut, Nottingham University
- Mathematical Finance and game theory special session: Luitgard A. M. Veraart, LSE
- Modern Debt Markets Special Session: Adam Zawadowski, Central European University
- Special Paper Pitching to the Editor: Robert Faff, Editor-in-chief, Pacific-Basin Finance Journal
- Special Paper Pitching to the Editor: Jonathan Batten (RMIT University), Chief Editor, Finance Research Letters
- Hubert János Kiss (HUN-REN Centre for Economic and Regional Studies and Corvinus University of Budapest)
- Gábor Neszveda (Central Bank of Hungary)
- Alexander Szimayer (University of Hamburg)
- Gyuri Venter (University of Warwick)
- Paul Whelan(The Chinese University of Hong Kong)
- Tamas Vadasz (KU Leuven)
- Anthony Saunders(NYU Stern)
- Alfonso Rosa García (Universidad de Murcia)
