New York FED Liberty Street Economics – Blog Entry by Stephan Luck and Matthew Plosser The authors evaluate how deposits have evolved over the latter portion of the current monetary policy tightening cycle. They find that while deposit betas have continued to rise, they did not accelerate following the bank runs in March 2023. In[…]
Author(s):Claudia M. Buch, Linda S. Goldberg Date:March 2024 Abstract: Global liquidity flows are largely channeled through banks and nonbank financial institutions. The common drivers of global liquidity flows include monetary policy in advanced economies and risk conditions. At the same time, the sensitivities of liquidity flows to changes in these drivers differ across institutions and[…]
Author(s):Roland Beck, Antonio Coppola, Angus J. Lewis, Matteo Maggiori, Martin Schmitz & Jesse Schreger Date:March 2024 Abstract: We assess the pattern of Euro Area financial integration adjusting for the role of “onshore offshore financial centers” (OOFCs) within the Euro Area. The OOFCs of Luxembourg, Ireland, and the Netherlands serve dual roles as both hubs of[…]
Author(s):Matthew S. Jaremski, Steven Sprick Schuster Date:March 2024 Abstract: The lack of universal deposit insurance coverage can create liquidity risk during financial crises. This aspect of deposit insurance is hard to test in modern data because of the broad coverage of most systems. We, therefore, study the role that the U.S. Postal Savings System played[…]
Author(s):Viral Acharya, Nicola Cetorelli, Bruce Tuckman Date:March 2024 Abstract: In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of banks. These two sectors are commonly viewed either as operating in parallel, performing different activities, or as substitutes, performing substantially similar activities, with banks inside and NBFIs outside the perimeter[…]
Author(s):Sandra Eickmeier, Josefine Quast, Yves Schüler Date:March 2024 Abstract: We examine how natural disasters impact the US economy and financial markets using monthly data since 2000. Our analysis reveals large sustained adverse effects of disasters on overall economic activity, with significant implications across various sectors including labor, production, consumption, investment, and housing. Our findings suggest[…]
CfP Deadline: April 30, 2024 Conference Event: September 12-13, 2024 Event Location: Leuven, Belgium Organizer(s): KU Leuven on behalf of the Benelux Corporate Finance Network Keynote Speaker(s): Kose John (NYU)Nickolay Gantchev (University of Warwick) Description: On behalf of the Benelux Corporate Finance Network, we are pleased to announce that we will organize the 21st Corporate Finance[…]
CfP Deadline: July 5, 2024 Conference Event: November 6-7, 2024 Event Location: Paris France (Hybrid Event) Organizer(s): European Banking Authority (EBA) Description: Submission: Interested parties should submit their draft papers and any queries to research.conferences@eba.europa.eu at the European Banking Authority.The submission deadline is Friday, 05 July 2024.Contributors will be notified by mid-September 2024. Link: 2024[…]
CfP Deadline: September 30, 2024 Conference Event: December 16-18, 2024 Event Location: Paris, France Organizer(s): EDC Paris Business SchoolINSEEC Grande EcoleAthens University of Economics and BusinessCY Cergy Paris University Keynote Speaker(s): Steven Ongena (University of Zurich & Senior Chair Swiss Finance Institute)Rossen Valkanov (University of California, San Diego Rady School of Management) Description: Welcome to the 5th Financial[…]