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Award of the "Ieke van den Burg Prize for Research on Systemic Risk" (2016): final results

The ESRB runs an annual prize for research on systemic risk by young scholars. The prize is awarded in memory of Ieke van den Burg, who was a member of the inaugural Advisory Scientific Committee (ASC) between 2011 and 2014 and a member of the European Parliament between 1999 and 2009. Ms van den Burg was dedicated to the notion that “finance should serve society”, and this prize is administered in that spirit.

After a highly competitive selection process, which involved three rounds and multiple blind peer reviews, a selection panel of the ASC (comprising Prasanna Gai, Ross Levine, Marco Pagano, Richard Portes and David Thesmar) decided to award the 2016 edition of the prize jointly to two papers: "Arbitraging the Basel Securitization Framework: Evidence from German ABS Investment" by Mr Matthias Efing (published as ESRB Working Paper no.22) and "Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds" by Mr Sergey Chernenko and Mr Adi Sunderam (published as ESRB Working Paper no.23).

The prize was awarded at the ESRB Annual Conference on 22-23 September 2016. A video of the award by Mr Marco Pagano, Chair of the ASC, and the two paper presentations may be viewed on YouTube.

The ASC also decided to recognise the quality of two additional papers, which are both runners-up for the prize:

"Macroprudential policy with liquidity panics" by Daniel Garcia-Macia and Alonso Villacorta (published as ESRB Working Paper no.24)

"Macroeconomic effects of secondary market trading" authored by Daniel Neuhann (published as ESRB Working Paper no.25)

In addition, certain shortlisted papers will be published in the ESRB Working Paper Series in due course.

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