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[ceis_seminars_phd] PhDEF Seminar


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  • From: "Barbara Piazzi" < >
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  • Subject: [ceis_seminars_phd] PhDEF Seminar
  • Date: Thu, 5 Oct 2017 18:39:04 +0200
Title: PhDEF Seminar

Gentilissimi/e,

Il 6 ottobre 2017  Dr. Tobias Schuler (IFO Institute) terrà un seminario con tema “Financial Bubbles in Interbank Lending†dalle 13:00 alle 14:00 in aula scacchi (I piano).

Abstract

This paper analyses the effects of several policy instruments on financial bubbles generated in the banking sector. In particular, we endogenize market expectations on asset values and their interaction with interbank lending. We show how a bubble in the banking sector  relaxes financing constraints on the liability side as it increases the value on the asset side of bank balance sheets. We preliminary find that macroprudential instruments effectively reduce the impact of a financial bubble. We show how central bank intervention (leaning against the wind) has only a minor effect. We conclude that stricter macroprudential measures dampen the boom-bust effects in interbank lending and thereby generate higher financial stability.

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Luisa Corrado

Professor of Economics, University of Rome Tor Vergata Coordinator Ph.D. Economics, Law and Institutions, University of Rome Tor Vergata Associate Editor Spatial Economic Analysis https://sites.google.com/site/luisacorrado/

Econpapers

http://ideas.repec.org/e/pco38.html


  • [ceis_seminars_phd] PhDEF Seminar, Barbara Piazzi

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