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[…]
By Valentina Bruno and Hyun Song Shin The strength of the US dollar in currency markets has drawn the attention of researchers, policymakers, and businesses for decades. This column examines the effects of the dollar on international trade, with a particular focus on exports. A strong dollar dampens trade volumes through the financial channel, outweighing[…]
By Agustín Carstens, Stijn Claessens, Fernando Restoy and Hyun Song Shin Key Takeaways: Big tech firms entering financial services can scale up rapidly with user data from their existing business lines in e-commerce and social media, and by harnessing the inherent network effects in digital services. In addition to traditional policy concerns such as financial[…]
By Austen Saunders and Matthew Willison Banks come in different shapes and sizes. Do prudential regulations that work well for big banks work as well for small ones? To help us find out, we measure the effectiveness of some key regulatory ratios as predictors of bank failure. We do so using ‘receiver operating characteristic’ –[…]
By Randolph Bruno, Nauro Campos, Saul Estrin Do different economic integration arrangements vary in terms of their capacity to attract foreign direct investment? This column uses a structural gravity framework on annual bilateral FDI data for 142 countries between 1985 and 2018 to revisit this question. It finds that deep integration in the form of[…]
CfP Deadline Date: October 24, 2021 Conference Event: March 20-22, 2022 Event Location: Zermatt, Switzerland Organizer(s): University of Zurich and WU Vienna The European Winter Finance Summit is a leading European Finance conference jointly organized by the Department of Banking and Finance at the University of Zurich and the Department of Finance, Accounting and Statistics[…]
CfP Deadline Date: December 15, 2021 Organizer(s): Journal of Corporate Finance We are pleased to announce a Call for Papers for a Journal of Corporate Finance (JCF) special issue on Taxes and Government Lending. Past years have seen an expansion in debates amongst all aspects of the economy over both the proper role of tax[…]
CfP Deadline Date: September 1, 2021 Conference Event: February 3-5, 2021 Event Location: Snowbird, UT, USA Organizer(s): Utah Winter Finance Conference, Review of Asset Pricing Studies and the Review of Corporate Finance Studies The Thirty-first Annual Utah Winter Finance Conference will be held February 3-5, 2022. The opening reception begins Wednesday evening, February 2nd. The[…]
CfP Deadline Date: September 1, 2021 Conference Event: February 3-5, 2021 Event Location: Snowbird, UT, USA Organizer(s): Utah Winter Finance Conference, Review of Asset Pricing Studies and the Review of Corporate Finance Studies The Thirty-first Annual Utah Winter Finance Conference will be held February 3-5, 2022. The opening reception begins Wednesday evening, February 2nd. The[…]