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....

We present unique data on governance in Russian financial institutions. Despite the recent introduction of the corporate governance code, we observe large cross-sectional differences in the composition of supervisory and executive boards of directors of Russian banks. We begin analyzing the data...

The conference will focus on data, digitalization, decentralized finance, central bank digital currencies and the future of money. A distinguished group of senior representatives from the public and private sectors as well as prominent academic thought leaders will discuss the key issues around...

Loan-to-deposit ratio may bring unintended consequences on the financial stability. We employ China’s LDR deregulation in 2015 to examine the effect of LDR on bank stability. We show that the deregulation of LDR increases the stability of banks with high LDR. Specifically, the deregulation of...

We investigate whether the occurrence of elections affect access to credit for firms. We perform an investigation using firm-level data covering 44 developed and developing countries. We find that elections have a detrimental influence on access to credit: firms are more credit-constrained in...