Non-performing assets are a double-edged sword. On the one hand, they often trigger episodes of financial crises. On the other, once a crisis erupts, market participants must have confidence in banks’ reported asset quality metrics in order to regain faith in the financial system. This column shows that accounting standards and prudential frameworks to identify[…]
CfP Deadline Date: November 15, 2019 Conference Event: May 14-15, 2020 Event Location: SEC Headquarters in Washington, DC, USA Organizer(s): The SEC’s Division of Economic and Risk Analysis (DERA), Lehigh University’s Center for Financial Services Studies, the University of Maryland’s Center for Financial Policy and CFA Institute The goal of the conference is to bring[…]
CfP Deadline Date: November 18, 2019 Conference Event: February 14-16, 2020 Event Location: Atlantis, Nassau, the Bahamas Organizer(s): The Society for Financial Studies, Review of Corporate Finance Studies (RCFS), Review of Asset Pricing Studies (RAPS) This will be a high-quality conference with a limited number of papers and parallel sessions for corporate finance and asset[…]
CfP Deadline Date: October 7, 2019 Conference Event: November 28, 2019 Event Location: University of Bristol, Bristol, United Kingdom Organizer(s): The Financial Intermediation Network of European Studies (FINEST) FINEST workshops are small meetings with an in-depth discussion (from top scholars) of a limited number of high-quality papers with the aim of fostering discussion among academics,[…]
Conference Event: 14 – 15 November 2019 Event Location: Mannheim , Germany Keynote speaker(s): Jacob Sagi (University of North Carolina) Organizer(s): The ZEW Network on Real Estate Markets and Capital Markets (ReCapNet) A non-exhaustive list of potential topics includes: Risk factors and the cross-section of real estate returns Volatility measures for real estate portfolios Integration[…]
The decade since the Global Crisis has seen notable changes in the architecture of supervision, with separation of responsibility for monetary and financial stability having been reversed in many countries on the one hand, and a move towards more cross-border cooperation between supervisors on the other. This column discusses these two trends in Europe, where[…]
CfP Deadline Date: December 1, 2019 Conference Event: March 30-31, 2020 Event Location: The Bank of England, London, United Kingdom Organizer(s): The Bank of England, the NYU Stern|Salomon Center for Study of Financial Institutions, the Research Center SAFE at Goethe University Frankfurt, the University of Michigan|Mitsui Life Financial Research Center, the Imperial College, the Bank[…]
CfP Deadline Date: September 20, 2019 Conference Event: December 16-17, 2019 Event Location: Frankfurt am Main, Germany Keynote speaker(s): Jeremy Stein (Harvard University) Organizer(s): The European Central Bank The aim of the conference is to encourage interaction between research and policy practice in the area of macroprudential regulation. TOPICS: In 2019 the conference will focus[…]
Author(s):Fernando Arce, Julien Bengui, Javier Bianchi Date:September 2019 Abstract: This paper proposes a theory of foreign reserves as macroprudential policy. We study an open economy model of financial crises, in which pecuniary externalities lead to overborrowing, and show that by accumulating international reserves, the government can achieve the constrained-efficient allocation. The optimal reserve accumulation policy[…]
CfP Deadline Date: October 31, 2019. Conference Event: March 19-20, 2020 Event Location: the headquarters of the Bank of Italy in Rome, Italy Keynote speaker(s): Patrick Bolton (Columbia Business School and Imperial College), Christine Parlour (Berkeley Haas) and Hyun Song Shin (Bank for International Settlements) Organizer(s): The Bank of Italy, Bocconi University The aim of[…]