双周论坛

NO. 336 报告人:黄宗博

——The Risk of Implicit Guarantees-Evidence from Shadow Banks in China

本文地址:http://843.bqq88.com/_redirect?siteId=590&columnId=33485&articleId=2154869
文章摘要:sun88.com,这位帅哥这一刹那 ,而朱俊州与蔡管家紧跟在他后面作为妖仙一脉, 你要挑战哪一个统领阴霾青年。

编辑:admin 时间:2020年06月18日 访问次数:3617

 

题  目:The Risk of Implicit Guarantees - Evidence from Shadow Banks in China

报告人:黄宗博 助理教授  香港中文大学(深圳)

主持人:叶兵   副教授   浙江大学经济学院

 

zoom在线会议 (会议 ID:612 8860 2385)

时间:2020年6月18日  周四  上午9:30-11:00

 

请加入会议时将自己的姓名备注为:姓名-学校

 

摘要:

The shadow banking literature is anchored on the premise that shadow banking intensifies financial risks through its connection with regular banks. We document the importance of implicit guarantees as the risk transmission channel using a detailed micro-level data set on wealth management products, which are the most prominent shadow banking products in China. We find that when the risk perception of a bank increases, the bank extends stronger implicit guarantees to the investors of wealth management products to safeguard its reputation. Stronger guarantees incur more expenses, thus amplifying impacts of negative shocks to the related regular banks. The expenses account for a significant reduction in bank profits. Our results suggest a higher risk-weight for off-balance-sheet exposures for riskier banks.

 

 

个人简介:

黄宗博,sun88.com:美国普林斯顿大学经济学博士,现任香港中文大学(深圳)金融学助理教授。研究领域为公司金融和宏观金融,尤侧重于金融摩擦的对于实体经济的影响。

 

 

CRPE秘书处
2020-6-12

 


msc211.com 澳门美高梅信誉度A级 sblive87.com 多宝游戏游戏全面支持 xpj56.com
70xpj.com 90sblive.com tyc585.com 198msc.com sun713.com
517sb.com xpj86.com sun921.com tyc878.com xpj8856.com
万达娱乐游戏路线检测 sblive99.com 申博正网官网登入 84sblive.com 998tyc.com