The 18-19 August event was a continuation of the Vienna Symposium on Foreign Exchange Markets, which has been successfully led by the Vienna-based WU Research Institute for Capital Markets since 2018.
Speakers and other participants at this year’s Symposium included academics from the US, China and the UK, as well as representatives of the US Federal Reserve Board, the Bank of England and the Bank of Canada. Other participants from the UK included representatives of CME Group, NatWest Markets and Gresham Investment Management.
Call for papers in January for the August 2026 Symposium at Cambridge Judge
With the continued support of these organisations, and coordination by the Centre for Endowment Asset Management (CEAM) at Cambridge Judge, the Business School plans to also host the Symposium over the next 2 years. The 2026 Symposium is scheduled for 17-18 August 2026, and a call for papers will be issued in January 2026. Members of the Organising Committee for the 2026 Symposium are Lucio Sarno, Professor of Finance at Cambridge Judge and Professorial Fellow at Girton College, and Josef Zechner and Christian Wagner of WU Vienna University of Economics and Business.
Best Paper Award won by paper about China’s parallel currencies
The Best Paper Award, funded by Pembroke International Finance Fund, was awarded this year to a paper entitled The Anatomy of a Peg: Lessons from China’s Parallel Currencies, authored by Saleem Bahaj of University College London and Ricardo Reis of the London School of Economics. The paper outlines how 2 currencies circulate in parallel in China, the mainland CNY (Chinese Yuan) and the CNH (offshore Yuan), and examines how their exchange rate is pegged through monetary and liquidity policies.
There is no other event quite like it in the FX space, and it is increasingly seen by scholars in this field as the annual global gathering for sharing and debating the latest research.
“The Cambridge Symposium on Foreign Exchange Markets reflects Cambridge’s enduring commitment to rigorous research in international finance,” says Lucio Sarno, Professor of Finance at Cambridge Judge, who led the organisation of the Symposium. “There is no other event quite like it in the FX space, and it is increasingly seen by scholars in this field as the annual global gathering for sharing and debating the latest research. The generous support from CME Group, Pembroke International Finance Fund and the Cambridge Endowment for Research in Finance (CERF) has been instrumental in making this event possible.”
Watch videos from the Symposium
Symposiums on Foreign Exchange Markets
Related articles
The Lifetime Achievement Award from PAM Insights cites his work in research, teaching and for producing with academic colleagues an essential asset-returns database.
Stock market returns have been lower in the first quarter of the 21st century than the 20th century, but still had annualised real returns of 3.5%, says report co-authored by Professor Elroy Dimson.
Annual UBS Investment Returns Yearbook, co-authored by Professor Elroy Dimson of Cambridge Judge Business School, finds that Japan, Canada, Germany, Australia and other nations have lost stock market share to the US.