February 2021: New VoxEU Column – How much capital should banks hold?

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[…]

ECB Working Paper: On the interaction between monetary and macroprudential policies

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[…]

IHEID Working Paper: A fistful of dollars: Transmission of global funding shocks to EMs (Updated Version)

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[…]

Finance and productivity during and after lockdown

CfP Deadline Date: September 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[…]

Finance and productivity during and after lockdown

CfP Deadline Date: September 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[…]

2021 Oxford Saïd – Risk Center at ETH Zürich Macro-finance Conference Money, Liquidity, and Financial Stability

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[…]

7th IWH-FIN-FIRE Workshop on “Challenges to Financial Stability”

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[…]

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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[…]