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Regular version of the site

Research at ICEF

ICEF faculty conduct research that is published in internationally leading peer-reviewed journals. They regularly participate in major international conferences in Economics and Finance. The ICEF International Laboratory of Financial Economics organizes annual conferences and workshops in Economics and Finance, attracting leading researchers from around the world to participate. ICEF conducts a regular research seminar series inviting world-renown academics to present their latest research.

ICEF People

Alexei Boulatov, PhD Finance, Tenured Professor

ICEF People

Sofya Budanova, PhD Economics, Assistant Professor

ICEF People

Vincent Fardeau, PhD Finance, Assistant Professor

ICEF People

Markus Gebauer, PhD Economics, Assistant Professor

ICEF People

Runjie Geng, PhD Banking and Finance, Assistant Professor

ICEF People

Dmitry Makarov, PhD Finance, Associate Professor

ICEF People

Tatiana Mayskaya, PhD Social Science, Assistant Professor

ICEF People

Maxim Nikitin, PhD Economics, Associate Professor

ICEF People

Fabian Slonimczyk, PhD Economics, Associate Professor

ICEF People

Vladimir Sokolov, PhD Economics, Associate Professor

ICEF People

Sergey Stepanov, PhD Economics, Associate Professor

ICEF People

Alexander Usvitskiy, PhD Economics, Assistant Professor

ICEF People

Anna Yurko, PhD Economics, Associate Professor

ICEF People

Kirill Bukin, PhD, Associate Professor

ICEF People

Grigory Kantorovich, PhD, Tenured Professor, Distinguished Professor

ICEF People

Olga Kuzina, PhD Sociology, Professor

ICEF People

Anatoly Peresetsky, PhD, Tenured Professor

ICEF People

Alla Fridman, PhD, Tenured Professor

ICEF Alumni

Natalia Gimpelson, student at University of Rochester, PhD in Economics

ICEF Alumni

Аrtem Gudov, Head of Investment Department, M.Video

ICEF Alumni

Martsella Davitaya, student at Columbia University, PhD in Economics

ICEF Alumni

Danil Dmitriev, student at University of California, PhD in Economics

ICEF Alumni

Anastasia Erastova, студентка NYU Courant Institute, MSc in Mathematics

ICEF Alumni

Valeriya Erokhina, student at EDHEC, MSc in Financial Markets

ICEF Alumni

Ilya Ilyin, student at Boston University, PhD in Economics

ICEF Alumni

Sergey Kozlov, Operations Director, LEGO

ICEF Alumni

Filipp Kolchin, senior consultant, Bain & Compan

ICEF Alumni

Ekaterina Kolchina, Deputy CEO, Papa John's Russia

ICEF Alumni

Kirill Kondrashin, Executive Director, DCM, J.P. Morgan

ICEF Alumni

Sergey Kurdyukov, vice-president, Citigroup

ICEF Alumni

Ekaterina Lopareva, analyst, Unicredit bank

ICEF Alumni

Viktoriia Petrova, Investment Banking Analyst (FIG), Deutsche Bank

ICEF Alumni

Olga Ponomarenko, Quantitative analyst, Barclays

ICEF Alumni

Maria Chaderina, Assistant Professor, Vienna University of Economics and Business

ICEF Alumni

Ekaterina Chegaeva, student at Princeton University, Master in Finance

ICEF/LFE Research Seminar by Lucy Chernykh (Clemson University)

Event ended

On Thursday, December 18 at 4.40 pm, room 3211 (Shabolovka str. 26) ICEF and LFE will hold the Research Seminar.
Speaker: Lucy Chernykh (Clemson University)
Theme: "Bank Bailouts with On-site Monitors: Evidence from a Regulatory Experiment"

On Thursday, December 18 at 4.40 pm International College of Economics and Finance and International Laboratory of Finsncial Economics will hold the Research Seminar.

Speaker: Lucy Chernykh (Clemson University)
Theme: "Bank Bailouts with On-site Monitors: Evidence from a Regulatory Experiment"
Venue: Shabolovka st., 26, room 3211

Abstract: I use unique supervisory intervention – introduction of de novo Resident Examiners in large, systemically important Russian banks that received sizeable government aid - to study the causal effect of on-site monitoring regime on a bank behavior in crisis. By exploiting broad variation in the timing and duration of resident examiners’ assignments & withdrawals and detailed monthly data on bank asset choices during pre-treatment, treatment and post-treatment periods, I find that on-site monitors perform a dual role. From one standpoint, they increase bailed-out banks’ loan supply in crisis through inducing better capitalized banks to lend more, promoting allocation of government aid funds in domestic business loans and limiting investment in selected foreign assets. From another standpoint, the resident examiners restrict bank risk, as their appointment is associated with shrinking lending activity by banks with higher accumulated bad loans and with immediate build-up of loss reserve cushions. These findings reveal an examiner’s ability to align credit supply and risk-restricting agendas in bank monitoring. They also contribute to the ongoing academic and regulatory debate on the optimal design of a bailout policy and enhanced supervisory powers in crisis.

Everyone interested is welcome to attend!

Pass can be ordered by:
tel. (495)772-95-90*26090
e-mail: vzheleznov@hse.ru
contact: Zheleznov Slava

Forthcoming seminars

Date

December 18, 2014 16:40

About

International College of Economics and Finance