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Annual Financial Markets and Liquidity Conference

The Institute of Finance at Corvinus University of Budapest; the Game Theory Research Group, ELTE 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 17th Annual Financial Markets and Liquidity (AFML) Conference, in Budapest, Hungary, on 3rd-4th December 2026

with Distinguished Keynote Speaker:

Professor Caroline Flammer
Columbia University
Columbia Climate School
Columbia Business School

The 17th 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.

If you have any questions, please contact us at afml@uni-corvinus.hu.

Registration, Payment, and Conference Details

  • Conference dates: 3rd-4th December 2026.
  • Deadline for paper submission: 20th June 2026.
  • Notification of acceptance and registration: from 1st September 2026.
  • The Call for Papers and submission link will be available in early 2026.
  • All submissions are reviewed by at least two members of the Scientific Committee.
  • Submissions may be accepted for full presentations or short pitch talks
  • Please note that the conference will be held in person only, in the main campus of the Corvinus University of Budapest (Budapest, Fővám tér 8, 1093).
  • We encourage submissions from advanced Ph.D. students, who can request feedback from senior members of the Scientific Committee.

Program and book of abstracts

TBA by 10th November 2026.

Sponsors

Organizers

Institute of Finance
KRTK
Game Theory Research Group
ELTE Centre for Economic and Regional Studies
Faculty of Economics
Eötvös Loránd University 
ESSEC Business School
CY Initiative of Excellence

Scientific committee

PBFJ Call for Pre-registered Proposals

An exciting new initiative for the 2025th edition of the AFML conference comes from one of our supporting journals, the Pacific-Basin Finance Journal (PBFJ), offering a publication pathway for high-quality pre-registered research proposals. While all mainstream finance topics are eligible for the PBFJ pre-registered research initiative, the journal is particularly interested in bold new research proposals on:

  • Household finance
  • AI & Machine learning
  • Central and Eastern European markets and contexts

To participate in this unique opportunity, submit a 1,000-word pitch of your research idea (identified as “phase 2” in the PBFJ Editorial Note) by the conference due date. Additionally, include a cover letter addressing the “phase 1” EOI information. Click here for more details.

Publishing opportunities

Abstracts will be published in the conference proceedings. Selected papers presented at the conference will be invited for formal submission and consideration for publication in the following journals:

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