CEPR Discussion Paper – Global Capital Allocation

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[…]

BoE Staff Working Paper – Granular banking flows and exchange-rate dynamics

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[…]

The 13th Workshop on Exchange Rates

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[…]

Frontier Risks, Financial Innovation and Prudential Regulation of Banks

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[…]