By Caterina Mendicino, Kalin Nikolov, Juan Rubio-Ramirez, Javier Suarez, and Dominik Supera Well-capitalised banks make the financial system more resilient to episodes such as the COVID-19 crisis. This column assesses how much capital would be optimal for banks to hold, taking into consideration the risk of banking crises driven by borrower defaults. It finds that[…]
Author(s): Alberto Martin, Caterina Mendicino and Alejandro Van der Ghote Date: February 2021 Abstract: The Global Financial Crisis fostered the design and adoption of macroprudential policies throughout the world. This raises important questions for monetary policy. What, if any, is the relationship between monetary and macroprudential policies? In particular, how does the effectiveness of macroprudential[…]
Author(s): Shekhar Hari Kumar and Aakriti Mathur Date: February 2021 Abstract: In this paper, we study transmission of global funding shocks to emerging economies (EMs) from the perspective of interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global funding conditions. Accordingly, we first show that interbank[…]
CfP Deadline Date: August 15, 2021 Conference Event: December 2-3, 2021 Event Location: Halle (Saale), Germany Keynote speaker(s): Prof. Thomas Philippon (Stern School of Business, New York University) Organizer(s): The Competitiveness Research Network (CompNet), the EBRD and the Finance department at the Leibniz Institute for Economic Research (IWH) The Competitiveness Research Network (CompNet), the European[…]
CfP Deadline Date: April 15, 2021 Conference Event: July 9-10, 2021 Event Location: Oxford, UK Keynote speaker(s): Herakles Polemarchakis (University of Warwick) Harald Uhlig (University of Chicago) Organizer(s): ETH Zürich and University of Oxford The Risk Center at ETH Zürich and Saïd Business School at the University of Oxford jointly invite submissions to the Oxford[…]
CfP Deadline Date: April 25, 2021 Conference Event: August 30-31, 2021 Event Location: Halle (Saale), Germany Keynote speaker(s): Antoinette Schoar (MIT) Johannes Stroebel (NYU Stern) Organizer(s): Halle Institute for Economic Research (IWH) The Halle Institute for Economic Research (IWH) – Member of the Leibniz Association is organizing a workshop on “Challenges to Financial Stability” on[…]