Author(s): Amir Sufi and Alan M. Taylor Date: August 2021 Abstract: Financial crises have large deleterious effects on economic activity, and as such have been the focus of a large body of research. This study surveys the existing literature on financial crises, exploring how crises are measured, whether they are predictable, and why they are[…]
Author(s):Lawrence Christiano, Husnu Dalgic and Armen Nurbekyan Date:August 2021 Abstract: We present data that suggests financial dollarization is primarily a device for reallocating business cycle income risk between different people within emerging market economies, rather than across different countries. Although we identify sources of fragility in some aspects of dollarization, the common view that financial[…]
CfP Deadline Date: October 10, 2021 Conference Event: March 10-12, 2022 Event Location: Chicago, IL, USA Keynote speaker(s): Thomas Philippon (NYU, Stern School of Business) Andrea Eisfeldt (UCLA Anderson School of Management) Organizer(s): Midwest Finance Association The Midwest Finance Association and Professor Manuel Adelino, 2022 program chair, invite submissions of research papers for their 2022[…]
Author(s): Luis Garcia, Ulf Lewrick and Taja Sečnik Date: August 2021 Abstract: We study banks’ year-end window dressing in the European Union to assess how it affects the identification of global systemically important banks (G-SIBs) and the associated capital surcharges. We find that G-SIBs compress their balance sheet at year-end to an extent that they[…]
By Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge Understanding the dynamics of inflation requires a comprehensive database that covers a large number of countries over a long period. This column introduces a new global database of inflation that has a significantly larger coverage than other databases as it includes multiple measures of inflation for[…]
CfP Deadline Date: September 15, 2021 Conference Event: November 8, 2021 Event Location: London, UK Keynote speaker(s): Wenxin Du (Chicago Booth) Organizer(s): Banque de France, Bank of England and Banca d’Italia The Bank of England, Banque de France and Banca d’Italia are organizing the 7th edition of their joint International Macroeconomics Workshop on 8 November[…]
CfP Deadline Date: September 15, 2021 Conference Event: November 8, 2021 Event Location: London, UK Keynote speaker(s): Wenxin Du (Chicago Booth) Organizer(s): Banque de France, Bank of England and Banca d’Italia The Bank of England, Banque de France and Banca d’Italia are organizing the 7th edition of their joint International Macroeconomics Workshop on 8 November[…]
CfP Deadline Date: October 25, 2021 Conference Event: February 18-19, 2022 Event Location: Atlanta, GA, USA Keynote speaker(s): Itay Goldstein (University of Pennsylvania) Organizer(s): Georgia State University, Georgia FinTech Academy, and the Review of Financial Studies In recent years, FinTech, or financial technologies, have been rapidly developing and reshaping business practices and the financial services[…]
Author(s): Maurice Obstfeld Date: July 2021 Abstract: While the globalization of production has been a prominent target of anti-globalization backlash, globalized finance has seemed to be much less in the public bull’s-eye. The blueprint for the postwar international economy agreed at Bretton Woods in 1944 envisioned nothing like today’s extensive and fluid global capital market.[…]
By Carolyn Rogers We are starting to see light at the end of the Covid-19 tunnel. With all this optimism, what could possibly go wrong for the global banking system? Consider the following three questions. First, as we begin to exit this extraordinary period of uncertainty, are banks adequately managing the risks, or has an[…]