The other paper on investment funds will discuss how the money-market-fund reforms undertaken in the US spilled over to other jurisdictions by generating large re-allocations of money. This is another topic at the forefront of policy discussions: international cooperation aimed at avoiding regulatory arbitrage is a prerequisite of any effort to strengthen investment funds.
The programme of the workshop includes several other very interesting contributions that use state-of-the-art technology (including machine learning) to analyse asset-pricing topics such as sovereign risk, the interplay between market inefficiencies and long-term investments, and the impact of macroeconomic trends on equity markets. All of these topics are important to central banks.