Mariano Massimiliano (Max) Croce

Delivered as keynote address at the 13th Asset Pricing Workshop, organised jointly by the Banque de France, the University of York, and the Bank of England, Paris, July 9, 2026.

Max Croce was invited as one of two keynote speakers at the 13th Asset Pricing Workshop, alongside Greg Duffee (Johns Hopkins University). The workshop brought together leading academics and central bank researchers to discuss the quantity-based framework of asset prices, including demand elasticities, the microstructure of Treasury and repo markets, and implications for monetary policy transmission.