Dear Colleagues, We are pleased to announce the *Volatility and Liquidity Workshop <https://economiaemanagement.dip.unipv.it/en/research/research-teams-and-topics/research-centres-and-teams/camrisk/events>*, to be held at the *Department of Economics and Management, University of Pavia*, on January 22-23, 2026. Looking forward to seeing you in Pavia. Wishing you all a Merry Christmas and a Happy New Year. Giacomo On behalf of the Organizing Committee ***** *Volatility and Liquidity Workshop, January 22-23, 2026, University of Pavia* In an era defined by rapid, unprecedented disruption—ranging from financial crises to climate change to global pandemics—our socio-economic systems are being reshaped before our eyes. As market participants evolve and adapt, the foundations of econometric modeling shift, creating new challenges and opportunities. This workshop brings together world-class experts at the forefront of modeling time-varying parameters, such as volatility and liquidity. We uncover the forces driving these dynamics and explore cutting-edge insights essential for safeguarding and strengthening the resilience of the global financial system. *Venue* Aula H, Via San Felice al Monastero 5, Pavia *Organizing Committee* - Giacomo Bormetti - Riccardo Brignone - Eduardo Rossi - Lorenzo Trapani *Keynote Speakers* - H. Peter Boswijk, *University of Amsterdam* - André Lucas, *VU University Amsterdam* *Invited Speakers and Discussants* - Giuseppe Buccheri, *University of Verona* - Andrea Bucci, *University of Macerata* - Leopoldo Catania, *Aarhus University* - Enzo D’Innocenzo, *University of Bologna* - Emilija Dzuverovic, *Ca’ Foscari University of Venice* - Christian Francq, *ENSAE Paris* - Giampiero Gallo, *New York University in Florence* - Emanuele Guidotti, *University of Lugano* - Nikolaus Hautsch, *University of Vienna* - David Itkin, *London School of Economics and Political Science* - Fabrizio Lillo, *Scuola Normale Superiore Pisa* - Elisa Ossola, *University of Milano Bicocca* - Angelo Ranaldo, *University of Basel* - Roberto Renò, *ESSEC Business School Paris* - Mirco Rubin, *EDHEC Business School Nice* - Paolo Santucci De Magistris, *LUISS Rome* - Luca Trapin, *University of Bologna* - Fabio Trojani, *University of Geneva* - Giovanni Urga, *Bayes Business School, City St George’s University of London* - Pierluigi Vallarino, *University of Lugano* - Linqi Wang, *Queen Mary University of London* - Shixuan Wang, *University of Reading* *Program schedule* * Day one - January 22nd, 2026* 11:45 - 12:00 *Opening* 12:00 - 13:00 *Keynote speech (45 mins + Q&A)* 13:00 - 14:15 *Light lunch* 14:15 - 16:15 *I Volatility Session** *3 Invited (30 mins) plus 3 Discussants (10 mins)* 16:15 - 16:45 *Coffee break* 16:45 - 18:45 *I Liquidity Session*‡ *3 Invited (30 mins) plus 3 Discussants (10 mins)* 20:00 - 22:30 *Social dinner - Locanda del Carmine* * Day two - January 23rd, 2026* 9:30 - 11:30 *II Volatility Session** *3 Invited (30 mins) plus 3 Discussants (10 mins)* 11:30 - 12:00 *Coffee break* 12:00 - 13:00 *Keynote speech (45 mins + Q&A)* 13:00 - 14:15 *Light lunch* 14:15 - 16:15 *II Liquidity Session*‡ *3 Invited (30 mins) plus 3 Discussants (10 mins)* 16:15 - 16:30 *Closing* *Detailed program: Forthcoming* *Acknowledgements* The Organizing Committee acknowledges financial support from Dipartimento di Eccellenza MUR 2023-2027. * The Volatility Sessions are funded within the PRIN2020 project “*Dynamic models for a fast-changing world: An observation-driven approach to time-varying parameters*,” CUP *F13C22002220001*. Project number: 20205J2WZ4. ‡ The Liquidity Sessions are funded within the PRIN2022 project “*Monitoring Risks in Financial Markets*,” CUP: F53D23004210006. Project number: 2022NEL482. *Contacts* For any questions, please email the members of the Organizing Committee ( name.surname@unipv.it) with the subject “Volatility and Liquidity @Unipv”. *Giacomo Bormetti* Department of Economics and Management Professor of Mathematical Methods for Economics, Finance, and Actuarial Sciences MSc in Finance Program Coordinator <http://maps.google.com/?q=Via+San+Felice%2C+5+27100+Pavia+%28Italia%29> Office 26, Via San Felice, 5 - 27100 Pavia (Italia) <http://maps.google.com/?q=Via+San+Felice%2C+5+27100+Pavia+%28Italia%29> T. *0382.98 <0382986207>**.**6483* *Webpage <https://unipv.unifind.cineca.it/get/person/021642>*