Brown bag Seminar | Effects of Bank Privatization
2020-09-29 at 13:00
End time: 2020-09-29 at 14:00
Location: Zoom webinar
Stockholm Institute of Transition Economics cordially invites you to join the brown bag seminar Effects of Bank Privatization with Krisztina Orban.
Interested to join the seminar? Please contact firstname.lastname@example.org - the link will be sent to you by email with further instructions!
Krisztina Orban is a Postdoctoral Fellow at the NBER, and will join Monash University as an Assistant Professor of Economics in July, 2021. She received a PhD in Economics at the University of Chicago in June, 2019.
Her research fields are Industrial Organization (Productivity), Growth & Development, and Corporate Finance.
Learn more about Krisztina Orban here.
Abstract "Effects of Bank Privatization"
What is the nature of financial frictions when an economy’s banking system is majority state owned and run relative to being private owned and run? I answer this question using a quasi-experiment related to one of the largest scale bank privatizations in history, those that took place in Eastern-Europe starting in the 1990s. I hand collect Hungarian data on the universe of banks, their branching decisions over several decades, bank-firm relationships, and match these with administrative data on firms’ balance sheets. Using this data, I answer the question what decisions firms alter, and what productivity consequences emerge, as firms are faced with the exogenous shock of their bank turning private owned and run relative to being state owned and run.