Séminaires de recherche

“Cross-border bank flows and systemic risk”

Finance

Intervenant : Andrew Karolyi
Johnson - Cornell University

27 avril 2017 - T004 - De 14h00 à 15h15

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Using data on cross-border bank flows from 26 source countries to 128 target countries, we find that bank inflows are associated with improved financial stability and lower systemic risk in the bank systems in the target country. The flows are greater between source (target) countries with more (less) stringent de jure regulations that govern the bank systems. And the link between increased flows and eductions in marginal expected shortfall (MES) are concentrated among larger banks, those with poorer asset quality, and those that rely more on non-traditional banking activities and on more volatile sources of funds. Additional evidence suggests that bank flows help to reduce MES by improving target-country bank asset quality, efficiency, and reliance on non-traditional revenue sources. Overall, we interpret our findings as in support of a benign view of regulatory arbitrage in international bank flows.

Finance

Intervenant : Matthieu Bouvard
Desautels Faculty of Management

14 juin 2018 - De 14h00 à 15h15


Finance

Intervenant : Mikhail Simutin
Rotman School of Management

7 juin 2018 - De 14h00 à 15h15


Finance

Intervenant : Liyan Yang
Rotman School of Management

31 mai 2018 - De 14h00 à 15h15


Finance

Intervenant : Anton Lines
Columbia Business School

24 mai 2018 - De 14h00 à 15h15


Finance

Intervenant : Ian Martin
LSE

17 mai 2018 - De 14h00 à 15h15



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