Deadline for registration: 28 August 2016
BackgroundThe objective of this course is to present empirical applications of relevant questions for both banking theory and policy, mainly related to systemic risk, crises, macroprudential and monetary policy.
An important objective is to read and understand scientific papers in empirical banking; to accomplish this objective, emphasis is placed on illustrating research methodologies used in empirical banking and learning the application of these methodologies to selected topics.
Why this courseThe objective of this course is to present empirical applications (as well as the research methodologies) of relevant questions for both banking theory and policy, mainly related to Systemic Risk, Crises, Monetary Policy and Risk taking behaviour. An important objective is to understand scientific papers in empirical banking; to accomplish this objective, emphasis is placed on illustrating research methodologies used in empirical banking and learning the application of these methodologies to selected topics.
How will the course work?We will see different applications to recent empirical banking, in particular to large datasets on credit registers, on securities trading registers, and on interbank datasets. We will cover questions such as credit supply cycles, fire sales and market and funding liquidity, bank capital and liquidity and macro prudential regulation, risk-taking and credit channels of monetary policy, real effects of financial shocks, interbank contagion, globalisation bank runs and systemic risk.
Who is the training for?Financial stability and research department of Central Banks, Ph.D. students, research department of private banks, EU officials
What do you need to know to follow this courseSome basic econometrics and finance
What you’ll learnAt the end of this course you will
- have created a network of researchers working on similar topics and facing similar problems
- read and understand scientific papers in empirical banking
- know how to use key research methodologies used in recent empirical banking
- be able to apply the techniques to new questions that interest you in banking
Required material for attending the courseParticipants will need to bring their personal laptop with the STATA program installed.
Meet the course instructor
José-Luis Peydró is ICREA Professor of Economics at UPF, Barcelona GSE Research Professor, CREI Research Associate and CEPR Research Fellow. His research on Banking and Systemic Risk has been published in the top journals in Economics and Finance such as JFE, RFS, JF, AER and Econometrica.
Professor Peydró has presented his research in top universities including Harvard, MIT, Princeton, Stanford, Columbia, Berkeley, NYU, LSE, Oxford and LBS and in policy organizations such as the Federal Reserve Board, New York Fed, IMF, WB, BIS, ECB, Bundesbank, and Bank of England, and has written a book on “Systemic Risk, Crises and Macroprudential Policy” published by MIT Press. José-Luis is currently a Member of the European Systemic Risk Board in Frankfurt, holds a PhD in Finance from INSEAD and a Master in Economics from CEMFI, and was awarded with the first prize by the Government of Spain for the student with highest GPA in finishing a BA in Economics in Spain in 1998.
1500 € – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions*
2000€ – Private Sector
850€ – Students (with certificate of studies)
* In case of registration of 2 participants from the same institution a third person may attend for free. For more details, please contact firstname.lastname@example.org
Practical information for the registered participants
Participants are requested to bring their own laptop.
On arrival, you will be provided with temporary wi-fi access for the whole duration of the course.