FES/ICEF International Webinar Series with Emanuele Tarantino, University of Mannheim

We are happy to announce our next International Webinar (Joint FES and ICEF) on May  28 (Thursday)  at  13:00.

EMANUELE TARANTINO from the University of Mannheim will present his paper "The Impact of Alternative Modes of Bank Consolidation on Credit Supply and Financial Stability (joint work with S. Mayordomo and N. Pavanini)."

Abstract: Between 2009 and 2011, the Spanish banking system underwent a restructuring process based on consolidation of savings banks. The program's design allows us to study how alternative forms of consolidation affect credit supply and financial stability. Compared to bank business groups, we find that bank mergers' market power produces a contraction in credit supply, higher interest rates, but also a reduction in non-performing loans. We then estimate a structural model of credit demand and supply, to show that short-run welfare gains from improved financial stability outweigh losses from reduced credit supply, and small long-run cost efficiencies generate large welfare  increases. 

Speaker: EMANUELE TARANTINO
Title: The Impact of Alternative Modes of Bank Consolidation on Credit Supply and Financial Stability (joint work with S. Mayordomo and N. Pavanini).
Date:  May 28, 2020
Time: 13:00-14:00
Venue: Zoom

 Registration is mandatory and only takes a few seconds. Please use the following link at least 24 hours before the talk:

https://us02web.zoom.us/meeting/register/tZYvd-CorjsiHdLPy3dT_Tq4DMLeQWQ6jkO4