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Workshop on Banking and Financial Intermediation

4 July 2017

The 1st Bristol Workshop on Banking and Financial Intermediation on 30th May 2017 marked the launch of our research cluster in the area. The many outstanding contributions on the topic attracted a large audience.

Following the welcoming remarks by Klaus Schaeck, Bob DeYoung, co-editor of the Journal of Money, Credit, and Banking, kicked off the first session with a new paper on credit unions in the U.S. and how these institutions make use of their tax subsidies. The second presentation by Thomas Lambert from Erasmus University Rotterdam focused on the timely question of whether lobbying affects bank resolution methods, and Wolf Wagner from Erasmus University Rotterdam concluded the first session with his work on heterogeneous regulation of financial institutions.  

The second session commenced with Iman van Lelyveld, Senior Policy Advisor at DeNederlandscheBank’s Statistics Division, showing his work on market microstructure which focused on crowded trades, market clustering and price instability, and Kebin Ma from Warwick University followed with a paper on asset fires sales, bank runs, and contagion. After the lunch break, Olivier de Jonghe from Tilburg University presented an empirical study on bank capital requirements and capital supply. The debate shifted towards monetary policy and how monetary policy shocks are transmitted across national boundaries when Dennis Reinhardt from the Bank of England presented his research, and the session concluded with an excellent theoretical contribution by Frederic Malherbe from London Business School on how banks behave under capital requirements.

In the final session after the coffee break, Francisco Rodriguez Fernandez from the University of Granada presented his work on underwriting of bank bonds, and John Kuong from INSEAD concluded the series of presentations with a theory on securitization and optimal foreclosure.   

After an intense day with 10 presentations, excellent discussants, and very lively questions from the floor we look back at a very successful first edition of our workshop. We thank all the participants and hope to see them again at a possible future edition of the event.  

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