Co-authors: David Newton (University of Bath), Steven Ongena (University of Zurich) and Ru Xie (University of Bath) Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG) risk? Using a novel sample covering 3,783 U.S. public firms...

The aim of the conference is to bring together leading world scholars and policy-makers to discuss topics related to financial stability, regulation of the financial sector and use of macroprudential policies. Topics: - macro-finance models of linkages between the real and financial sectors; -...

Die Jahrestagung ist als Präsenzveranstaltung in Berlin mit hybriden Veranstaltungsteilen geplant. Tagungsprogramm: Plenum I: Klima-, Cyber-, Pandemierisiken: Resilienz durch Versicherung; Plenum II: Resilienz in Betrieb und Vertrieb; Plenum III: Kapitalanlagen und...

Das Programm der Tagung: Plenum I - Klima-, Cyber-, Pandemierisiken: Resilienz durch Versicherung; Plenum II - Resilienz in Betrieb und Vertrieb; Plenum III - Kapitalanlagen und Nachhaltigkeit;

Co-authors: Mikhail Mamonov (MGIMO-University and CERGE-EI), Steven Ongena (University of Zurich), Svetlana Popova (The Central Bank of Russia) and Natalia Turdyeva (The Central Bank of Russia). In 2013, the Central Bank of Russia started revoking licenses from fraudulent banks. By 2020,...

The FDIC Consumer Research Symposium facilitates a discussion of recent research in consumer finance between financial regulators, academics, and the private sector. The symposium facilitates a discussion of recent research in consumer finance between financial regulators, academics, and the...

Die poten­zielle Rolle der Finanz- und Kapital­märkte bei der Ein­dämmung des Klima­wandels beschäftigt jüngst immer mehr staat­liche und nicht-staatliche Stellen. Wie Deutsch­land, legten viele Länder nationale Sustainable-Finance-Strategien vor. Ein Klassi­fizierungs­systems der...

This paper sheds light on the effectiveness of policies addressing high non-performing loans (NPLs). Using data on ownership of subsidiaries of foreign banks in Emerging Europe, we first show that changes in NPLs of parent banks are associated with changes in NPLs of their foreign affiliates,...

Co-authors: Domenico Giannone (Amazon.com) and Anna Kovner (Federal Reserve Bank of New York) We study the relationship between bank capital ratios and the distribution of future real GDP growth. Growth in the aggregate bank capital ratio corresponds to a smaller left tail of GDP—smaller...

Does income inequality affect banks' credit-risk reallocation when facing financial distress? Using novel branch-level data on Colombian banks I find that facing a large liquidity shock, exposed banks shift more credit towards low-risk borrowers in municipalities with higher income inequality....