Author(s):Sergio Florez-Orrego, Matteo Maggiori, Jesse Schreger, Ziwen Sun, Serdil Tinda Date:September 2023 Abstract: We survey the literature on global capital allocation. We begin by reviewing the rise of cross-border investment, the shift towards portfolio investment, and the literature focusing on aggregate patterns in multilateral and bilateral positions. We then turn to the recent literature that[…]
Author(s):Balduin Bippus, Simon Lloyd & Daniel Ostry Date:September 2023 Abstract: Using data on the external assets and liabilities of global banks based in the UK, the world’s largest centre for international banking, we identify exogenous cross-border banking flows by constructing novel granular instrumental variables. In line with the predictions of a new granular international banking[…]
CfP Deadline: October 18, 2023 Conference Event: December 19, 2023 Event Location: Ottawa, Canada Organizer(s): Banca d’ItaliaEuropean Central BankBank of Canada Keynote Speaker(s): Jesse Schreger (Columbia Business School) Description: Submission: Interested authors should submit their paper to the workshop by email no later than October 18, 2023. Papers can be sent in a draft or[…]
CfP Deadline: December 10, 2023 Conference Event: June 2-4, 2024 Event Location: Gothenburg, Sweden Organizer(s): Olin Business School WFA Center for Finance and Accounting ResearchUniversity of GothenburgKenan-Flagler Business at the University of North CarolinaJournal of Financial Intermediation Description: Submission: The deadline for submitting papers is December 10, 2023. Decisions about the conference program will be[…]
CfP Deadline: November 20, 2023 Conference Event: May 5-8, 2024 Event Location: Gerzensee, Switzerland Organizer(s): Bank of International Settlements (BIS) Centre for Economic Policy Research (CEPR)Study Center Gerzensee (SCG)Swiss Finance Institute (SFI) Keynote Speaker(s): Elena Carletti (Bocconi University, Baffi Carefin, IGIER & CEPR)Philipp Schnabl (New York University, CEPR & NBER) Description: This conference discusses advances[…]
Author(s):Erica Jiang, Gregor Matvos, Tomasz Piskorski & Amit Seru Date:March 2020 (revised September 2023) Abstract: We ask how much leverage banks would choose in the absence of safety nets tied to insured deposits. Using uniquely assembled data on capital structure decisions of shadow banks – intermediaries that provide banking services but are not funded by[…]
by Bryan Hardy and Sonya Zhu This special feature of the BIS Quarterly Review examines international banks’ deposit funding – traditional deposits, repos and interbank lending. The authors lay out a framework to interpret the observed evolution in the level and composition of this funding. Netting out interbank lending and abstracting from the effect of central bank[…]
CfP Deadline: December 17, 2023 Conference Event: May 27-28, 2024 Event Location: Stockholm, Sweden Organizer(s): Stockholm Business School Keynote Speaker(s): Anna Pavlova (London Business School)Markus Leippold (University of Zurich) Description: The 6th edition of the FutFin will take place at Stockholm Business School on 27-28 May 2024. The conference will proceed primarily in person, with speakers,[…]
CfP Deadline: November 15, 2023 Conference Event: February 29, 2024 Event Location: New York, U.S. Organizer(s): Bank Policy InstituteColumbia University’s School of International and Public Affairs Description: Submission: The deadline to submit a detailed abstract or completed paper is November 15, 2023. Please send your submissions by email to sipa_conf@columbia.edu. Authors of accepted papers will[…]
Author(s):Hans Degryse, Mike Mariathasan, Carola Theunisz Date:September 2023 Abstract: This paper investigates the intra-group transmission of stricter capital regulation imposed at the banking group level. Specifically, we study how a policy-induced increase in the regulatory capital ratio impacts the capital adequacy composition, lending and risk-taking of the affiliated subsidiaries. Using a combination of bank and[…]