Month: June 2020

IM-TCD Half-Day Workshop on International Capital Flows and Financial Globalisation

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CfP Deadline Date: August 31, 2020 Conference Event: December 17, 2020 Event Location: Zoom (Online Conference) Organizer(s): International Macro – Trinity College Dublin (IM-TCD) This half-day virtual workshop will include four papers featuring the latest research advancements in international capital flows and financial globalisation, from empirical and theoretical perspectives. Examples of relevant research areas include:[…]

June 2020: New VoxEU Column – Preserving capital in the financial sector to weather the storm

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By Thorsten Beck, Francesco Mazzaferro, Richard Portes, Jean Quin, and Christian Schett On 27 May, the ESRB General Board adopted a wide-ranging recommendation to suspend pay-outs across different segments of the European financial system until the end of 2020. This column discusses why arguments for such restrictions weigh stronger than ownership and management rights during[…]

2020 Paris Financial Management Conference

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CfP Deadline Date: July 15, 2020 Conference Event: December 14-16, 2020 Event Location: Paris, France Keynote speaker(s): Lemma W. Senbet (Smith School of the University of Maryland & Director of the Center for Financial Policy) Mariassunta Giannetti (Stockholm School of Economics) Geert Bekaert (Professor of Business, Columbia Business School) Organizer(s): IPAG Business School This two[…]

International Risk Management Conference 2020

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CfP Deadline Date: August 24, 2020 (Full Papers Regular Session) September 10, 2020 (Extended Abstract COVID-19) Conference Event: October 9-10, 2020 Event Location: Virtual Conference Keynote speaker(s): Edward Altman (NYU Stern School of Business) Linda Allen (City University of New York) Menachem Brenner (NYU Stern School of Business) Edith Hotchkiss (Boston College) Giorgio Baldassarri (S&P Global Market[…]

CEPR Discussion Paper: The Micro and Macro Dynamics of Capital Flows

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Author(s): Felipe Saffie, Liliana Varela, and Kei-Mu Yi Date: June 2020 Abstract: We empirically and theoretically study the effects of capital flows on resource allocation within sectors and cross-sectors. Novel data on service firms – in addition to manufacturing firms – allows us to assess two channels of resource reallocation. Capital inflows lower the relative[…]

CEPR Discussion Paper: The Dollar and Corporate Borrowing Costs

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Author(s): Ralf Meisenzahl, Friederike Niepmann, and Tim Schmidt-Eisenlohr Date: June 2020 Abstract: We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. Using this high-frequency, within loan variation, we[…]

Exchange Rates and Asset Prices in a Global Demand System

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Author(s): Ralph S. J. Koijen and Motohiro Yogo Date: June 2020 Abstract: Using international holdings data, we estimate a demand system for financial assets across 36 countries. The demand system provides a unified framework for decomposing variation in exchange rates, long-term yields, and stock prices; interpreting major economic events such as the European sovereign debt[…]