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Empirical Methods in Banking and Policy Evaluation

Quantitative

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  • General description

    The objective of this course is to introduce the student to the scientific literature on the methodological aspects in empirical banking, in particular highlighting some of the empirical methods to evaluate financial regulation. To accomplish this objective, the course introduces relevant research methodologies used in empirical banking, with a special emphasis on inter-temporal (e.g., duration analysis and event study) and cross-sectional methods (e.g., matching).

  • Topics covered

    • Duration Analysis and Applications
    • Event Study Methodology and Applications
    • Matching
    • Difference-in-Differences
    • Analyzing Panel Data in STATA
    • Identification Strategy

  • What you will learn

    • You will learn to evaluate changes in financial regulation
    • You will learn to employ a number of methodologies that have been used by various international and national regulatory institutions for such purposes.
    • You will get an understanding of these methodologies

  • How the course will work

    Total course length: 12 hours.

    The course will include lectures on various methodologies (i.c., duration analysis, event study methodology and difference-in-differences methodology) and their applications, especially those in the domain of policy evaluation. Two hands-on STATA sessions focusing on panel estimations will complete the course.

    A certificate of attendance will be provided to all participants after the course.

  • Meet the instructor

    Steven Ongena is a professor in banking at the University of Zurich and the Swiss Finance Institute in Switzerland. He is a research fellow of CEPR and a research professor at KU Leuven.

    He has published more than 65 papers in refereed journals, including in the American Economic Review, Econometrica, Journal of Finance, Journal of Financial Economics, Journal of International Economics, Journal of Political Economy, Management Science and Review of Finance, and he has published 70 papers in books and other collections.

    In 2017 he received an ERC Advanced Grant and in 2012 a NYU-Fordham-RPI Rising Star in Finance Award.

  • Prerequisites

    Master’s Degree in Economics, with an intermediate understanding of micro and macroeconomics, as well as applied econometrics. An intermediate knowledge of econometrics and banking is required to follow the course.

    Technical Prerequisites

    Participant are required to bring their own laptops, if possible with STATA installed.

  • Fees

    1750€ – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions

    1900€ – Private Sector

    1000€ – Academics (Assistant, Associate or Full Professors)

    850€ – Students (with certificate of studies)

    The course fee covers coffee and lunch breaks. Travel and hotel costs are not included.


    GROUP DEALS

    • In case of registration of 3 participants from the same organisation, the course fee is waived for one of them.
      To benefit from the deal, the names of the 3 participants have to be communicated to fbf@eui.eu before registering. We cannot communicate the names of other registered people from the same institution (it is upon your responsibility to get in touch with your HR division). A single debit note will be issued for the 3 participants followed by one payment.
    • Special deals apply for larger groups.

    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants may request a voucher to attend another FBF course.
    • Registered participants who cancel their participation will receive a voucher to attend another FBF course.

    For more details, please contact fbf@eui.eu
  • Practical information

    Accommodation 

    Please notice that the course dinner, and most of the social activities, will take place downtown.

    Recommended hotels nearby the EUI:

    Recommended hotels in downtown Florence:

    Suggested restaurants in Florence city centre

    Wi-Fi

    On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

    Privacy Notice

    The personal information you have provided will be processed in compliance with the EUI Privacy Statement for conferences. For general queries: fbf@eui.eu

     

    General information on local transport

    From Florence airport:

    Florence airport is located 8 km from the city centre, approximately 30 minutes by taxi or bus. Taxis can be found outside the arrivals terminal; no reservation is needed. A taxi ride from the airport costs about €20 and takes approximately 25/30 minutes.

    A tramway (line T2) connects the airport to the city centre. Trains leave from the airport terminal and take 20 minutes to the main railway station. One-way tickets can be bought from vending machines for €1.50.

    The airport is also connected to the main railway station in Florence by a shuttle bus (‘Vola in bus’) that leaves every 30 minutes (on the hour and on the half-hour) and takes 25 minutes. Tickets are available on board for €6.00.

    From the central railway station:

    Take bus n. 7 at the bus stop Stazione Nazionale in the direction “Fiesole Piazza Mino”, get off at the stop ‘San Domenico 01’. For bus routes and timetables consult the official timetable.

    Bus tickets are sold outside the railway station, at ATAF ticket kiosks and vending machines, tobacconists (tabacchi), newspaper kiosks (edicole), and most cafes (bar). They must be bought before boarding and stamped using the machine on the bus. A ticket costs €1.50 and it is valid for 90 minutes. Bus tickets can be purchased also on board (€ 2.50), but the driver is not obliged to give change.

    Private car

    From the A1 Milano-Napoli (Autostrada del Sole), take the Firenze Sud exit and follow directions to the city centre/Stadio. Follow the directions to the stadium (Stadio), then for Fiesole. San Domenico is on the main road to Fiesole.

    The EUI has several free parking areas available all over the Campus.

  • Course material

    Registered participants can access the course material using the password provided by the FBF secretariat.