KHAS Finance Seminars – Dr. Johannes Breckenfelder

Dr. Johannes Breckenfelder from the European Central Bank will be the guest of the Finance Seminar series organized by Kadir Has University Department of International Trade and Finance on April 12. You can follow Dr. Breckenfelder’s speech titled “Bank Balance Sheet Constraints and Bond Liquidity” on Zoom starting from 17:00.

The language of the event is English.

Özet: We explore the ties between bonds and individual dealers formed through home advantage and the persistence of previous underwriting relationships. Building on these connections, we show that the introduction of the leverage ratio for the European banks had a large impact on exposed bonds’ liquidity. Moreover, based on these ties, we show that bond mutual fund panic following the 2020 pandemic outbreak affected substantially more mutual funds with the larger exposures to dealer banks’ balance sheet constraints. ECB Working Paper, available at SSRN: https://ssrn.com/abstract=3929823 

Konuşmacı Hakkında: Johannes Breckenfelder, Avrupa Merkez Bankası Finansal Araştırma Bölümü’nde Kıdemli Ekonomist olarak görev yapmaktadır. Finans alanındaki doktora derecesini 2014 yılında Stockholm School of Economics’ten almıştır. 2011/2012 akademik yılını Harvard Üniversitesi’nde geçirmiştir. Bundan önce, York Üniversitesi’nden Finans ve Ekonometri alanında yüksek lisans derecesini almıştır. Breckenfelder, piyasa mikro yapısı, bankacılık ve para politikası aktarımı konularına özel ilgi duyarak finans ve para ekonomisi alanlarında ampirik araştırmalar yürütmektedir.

Date: Tuesday, April 12, 17.00 (GMT+3)
Title: Bank Balance Sheet Constraints and Bond Liquidity
Zoom Meeting ID: 834 8630 9469
Zoom Link: https://us02web.zoom.us/j/83486309469