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The conference is organized by the Research Center SAFE at Goethe University Frankfurt. Co-organizers include the NYU - Salomon Center, University of Michigan - Mitsui Life Financial Research Center, the Asian Bureau of Finance and Economic Research (ABFER), Waseda University, the National University of Singapore, Business School - Centre for Asset Management Research and Investments, the Bank of Canada, the Deutsche Bundesbank and the European Central Bank. In the aftermath of the 2008 financial crisis, many central banks have engaged in quantitative easing (QE) by buying massive amounts of bonds and other securities from market participants in order to provide liquidity to the markets, reduce the cost of capital, and ultimately foster economic growth. Although such monetary policy measures seem to have had the desired effects in the domestic economy, there are still many open questions about the global impact of QE (and its subsequent unwinding) on the stability of financial markets and financial institutions, not only in industrialized countries but also in emerging markets.