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|Name||EWG CFM, EURO working group on Commodities and Financial Modelling|
|Announcement||The 59th EWGCFM meeting will be held in Bergamo next December 29-30 May. It will be organized by Prof. Giorgio Consigli of University of Bergamo and Rita Laura D'Ecclesia.|
|Newsletter||The newsletter of the working group, called NEWSFLOW, is published on the internet twice a year, one month before each meeting. It contains general information about the Working Group, information about the next meeting(s), abstracts of papers of the next meeting, letters from readers, announcements of financial seminars, calls for papers, a list of working papers, etc. |
|Board||Jaap Spronk, Giorgio Consigli|
Sapienza University of Rome
piazza aldo moro 5
00185 Rome Roma
|Purpose and history||The EURO Working Group on Financial Modelling was founded in September 1986 in Lisbon. The primary field of interest for the working group can be described as "financial models that help to solve problems faced by financial managers in the firm". From this the following objectives of the working group are distinguished: |
1) providing an international forum for exchange of information and experience on financial modelling;
2) encouraging research in financial modelling (new techniques, methodologies, empirical studies, software, etc.);
3) stimulating and strengthening the interaction between financial economic theory and the practice of financial decision making;
4) co-operating and exchanging information with other universities and financial institutions throughout Europe.
In 2009 given that most of the members of the group had been devoting large part of their researches to the commodity markets the name of the Group was changed in EWGCFM, with the sole purpose of extending the area of applications.
The meetings of the Working Group are organised twice a year, in April/May and in October/November. Previous meetings were held in Belgium, Curaçao, Cyprus, Finland, France, Hungary, Italy, the Netherlands, United Kingdom, Greece, Croatia, Poland, Spain, Sweden, Chezk Republic, Lithuania, Indonesia, Costarica, United States, Portugal, Monaco, Austria. The meetings are attended by 80-100 members on average, most of them scientists but also representatives from the financial institutions, and are usually organised on Thursday, Friday and Saturday morning. The organisers are expected to schedule three types of sessions: a round table session with invited speaker(s), regular sessions with the presentation of refereed papers, and balloon sessions in which unrefereed papers, new topics and "loose" ideas can be discussed.
Since 2009 a special award in the name of Francesco Paris, a former member of the Group, has been introduced for young scholars. It is awarded once a year to the best paper submitted by young scientists.
|Members||About 450 members from 24 different countries (of which approximately 100 members constitute the more "active kernel" of the group). |
|Past activities||The 56th meeting was organized in Dubai from Prof.Gullhalme Rubbaniy and Prof. Themistcolis Pantos of Zayed University. |
It was held in the Zayed campus from November 11th to November 14th 2015. The invited speakers were Prof. Jaap Spronk, from Erasmus University in Rotterdam, Prof. William Ziemba from British Columbia University, Vancoover and Prof. Willem F.C Verschoor, from Vrije University, Netherlands
The meeting had 45 participants and a selection of papers will be submitted to the Inderscience outlet. The call for papers is being prepared and should come up by December 31st 2015.
the 57th meeting was organized by Prof Joao Paulo Costas from University of Coimbra in Portugal. It hosted 30 participants and was hel on May 22-24, 2016. The invited speakers were: 1) Prof. Thilo Brandis Meyer from University of Munich and
2) Prof. Gianluca Fusai from Cass Business School.
the 58th meeting was organized by Paola Zerilli from University of York, UK on December 1-3 2016. The keynote lecturer was Alvaro Cartea from Oxford University. The meeting hosted 25 particpants. The papers presented at the Meeting which dealt with energy issues will be published in a special issue of the Journal of Energy Economics.
|Future activities||The 59th Meeting will be organized by Prof. Giorgio Consigli and Rita D'Ecclesia at the University of Bergamo. A special One Day Workshop will be held in Memory of Prof. Marida Bertocchi who left us too early last October 2016. |
From 2017 the EWGCFM aims to hold a yearly meeting and no more semiannual meetings. In principle meetings should be held in the second part of the year in order to allow its members to participate also to the EURO or IFORS activities, usually held in the first semester of each year.
|Publications||The organizer of each meeting set up deals with specific Journals to publish a special issue on specific topics covered during the conference. |
The 50th meeting had a SI on "Recents developments in Financial Modeling" in the CEJOR.
A selection of the papers presented at the 51st meeting have been published in a SI of the Energy Economics Journal.
A selection of the papers presented at the 55th meeting are under review for publications in the Annals of Operations Research.
|Budget||Each meeting is partially funded by local sponsors, and some support is provided for keynote speakers' reimbursements by EURO. The remaining of the budget is covered by registration fees.|