Friday Seminar - "Asset Transfers and Self-Fulfilling Runs" - Joshua Weiss (IIES)
"Asset Transfers and Self-Fulfilling Runs"
Abstract: We introduce a new mechanism that eliminates self-fulfilling runs on a Diamond Dybvig intermediary without requiring deposit insurance. During a run, a depositor can take unliquidated intermediary assets in exchange for closing their account. We show our mechanism would have been useful in the most recent banking crisis. We also show our mechanism improves upon suspension if policy makers have limited commitment, depositors repeatedly interact with the intermediary, and/or there is aggregate return risk.
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Friday Seminar - Gerard Hoberg (University of Southern California)
Aula, SSE main building, entrance via Bertil Ohlins Gata 4 at 10:30
Friday Seminar - "Causal Narratives" - Constantin Charles (LSE)
Room A720, SSE main building, entrance via Bertil Ohlins Gata 4 at 10:30
Brown Bag Seminar - Jan Starmans (SHoF/SSE)
Room A720, SSE main building, entrance via Bertil Ohlins Gata 4 at 12:05