Research seminars

“Cross-border bank flows and systemic risk”

Finance

Speaker: Andrew Karolyi
Johnson - Cornell University

27 April 2017 - T004 - From 2:00 pm to 3:15 pm

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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.

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Speaker: Adriano Rampini

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Speaker: Luke Taylor

16 May 2019 - T105 - From 2:00 pm to 3:15 pm


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Speaker: Jessica Jeffers

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