Topics: - the evolution of bank business models and risk-taking preferences in response to regulatory change (Basel III) - the implications of the zero bound problem for (SME) lending choices - the existence of multiple policy objectives and private vs government lending - the challenges...

Topics: - Cross border bank lending, domestic credit, and the current account - Domestic and cross-border response of bank credit and leverage to national monetary policies and global liquidity - Econometric issues in modeling the current account, in particular in currency unions. - The role of...

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. Prof. Tommaso Monacelli (Università Bocconi, IGIER, and CEPR) 1. Financial Imperfections and the Macroeconomy: Background Partial Equilibrium Models 2. Credit Market Imperfections and the...

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. Marcel Fafchamps (University of Oxford) The first part of the course discusses contract enforcement mechanisms, with a particular focus on trust, relational contracting, and reputation...

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. Prof. Fabrizio Zilibotti (University of Zurich) This course consists of ve times three-hour lectures covering research topics in the area of innovation, fi nancial development and...

Topics: - The impact of government ownership of banks on efficiency, credit and financial stability - Politics and banking - Subsidies implicit in the financial safety net, and how to eliminate them - How to cope with the too-big-to-fail and too-complex-to-fail phenomena - The fiscal costs of...

Topics: - risk management and corporate governance in financial institutions - transparency of risk models, within and outside the organization - compensation, risk-taking and risk management - endogenous risk, liquidity risk and systemic risk - benefits and pitfalls of reduced-form models in...

ESSET 2011 will be devoted to theoretical perspectives on financial crises. Focus sessions in the first week (4-8 July) will be organised around the theme of "Asset Pricing, Financial Stability, and the Crisis" . Focus sessions in the second week (11-15 July) will be organised around the theme...

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. Course Summary: The course (Raghuram Rajan, University of Chicago) will examine the global credit crisis, including the deep underlying causes, the more immediate fragilities in the financial...

Topics: 1) Sources of financial frictions: - Sources of liquidity - Reasons of market incompleteness and dysfunctions - Role of banks 2) Financial frictions in macromodels - Financial sector and real economy - Sources and consequences of financial crises - ‘Sudden stops’, financial contagion...