14.03.2023: Dean Corbae – Competition, stability, and efficiency in the banking industry

Presenter: Dean Corbae Affiliation: University of Wisconsin, Departments of Economics and Finance Paper: Competition, Stability, and Efficiency in the Banking Industry Date: 14th March, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: We provide a tractable dynamic model of the banking industry where (1) an intensification of competition increases market measures of efficiency and fragility … Read more

13.12.2022: Itamar Drechsler – Credit crunches and the great stagflation

Presenter: Itamar Drechsler Affiliation: University of Pennsylvania, Wharton School Paper: Credit Crunches and the Great Stagflation Date: December 13, 2022 Time: 13:00 GMT (15:00 Israel Time) Abstract: We show that severe credit crunches contributed to the four successive stagflationary cycles that characterize the Great Stagflation of 1965–1982. The crunches were the result of large outflows … Read more

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