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Category: Conference

China’s role in the global financial crisis

On Nov 29th, I gave a public lecture on China’s role in the origins and the handling of the financial crisis as part of a lecture series commemorating the 10th anniversary of the global financial crisis.

Building on my research with Iryna Stewen and Yi Huang, I argue that global imbalances were an important factor in the run-up of the crisis. But the crisis was ultimately caused by U.S.specific factors (lax supervision, political pressure to increase home ownership, weak incentives for proper screening).

During the crisis, China reacted with a massive fiscal expansion. This contributed to stabilizing global demand but it also exacerbated the misallocation of capital within China.

The lecture slides are available here (password protected — send me an e-mail for access)

The Euro at 20

Mathias Hoffmann will present his new paper

“Are capital market and banking union complements? Evidence from Risk Sharing Channels in the EMU”


co-authored with Egor Maslov, Bent E. Sorensen and Iryna Stewen at the Conference “The Euro at 20” on June 25-26 2018 co-organized by the IMF, the Central Bank of Ireland and the IMF Economic Review. The full program of the conference and the conference draft of the paper are available here. For the current version of the paper follow the link at the paper title above.



ADB/ECB conference in Singapore


I will present my paper with Toshihiro Okubo “By a Silken Thread: regional banking integration and credit reallocation during Japan’s lost decade”at the conference on Financial Regulation: Intermediation, Stability and Productivity at National University  of Singapore. The conference is co-organized by the Asian Development Bank, the European Central Bank, Singapore Monetary Athority and the National University of Singapore.