Job Market семинар МИЭФ и ФЭН, Vitalijs Jascisens (TSE)

В четверг, 25 января в 12.10 в ауд. 3211 (ул. Шаболовка, 26) прошел Job Market семинар МИЭФ и ФЭН. 
Докладчик: Vitalijs Jascisens (TSE)
Тема доклада: "Can Entry Mitigate the Effect of Inflated Reserve Prices in Public Procurement"

Тезисы доклада:  We present a dynamic model of optimal regulatory design of three regimes that deal with distress of large, complex banking organizations. These regimes are 1) bailout, as under TARP; 2) bail-in, as under the Orderly Liquidation Authority; and 3) traditional bankruptcy, as under the CHOICE Act. Model results suggest that only the bail-in tailored to individual banks provides incentives for banks to rebuild capital preemptively during financial distress. Empirical tests of changes in capital ratios and speeds of adjustment in response to the shift from the pre-crisis bailout regime to the post-crisis bail-in regime corroborate the predictions of the model.

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