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 \u201cBank Balance Sheet Constraints and Bond Liquidity\u201d on Zoom starting from 17:00.<\/p>\n\n
The language of the event is English.<\/p>\n\n
\u00d6zet:\u00a0<\/strong>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\u2019 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\u2019 balance sheet constraints.\u00a0ECB Working Paper, available at SSRN:\u00a0<\/strong>https:\/\/ssrn.com\/abstract=3929823<\/strong><\/a>\u00a0<\/strong><\/p>\n\n Konu\u015fmac\u0131 Hakk\u0131nda: Johannes Breckenfelder, Avrupa Merkez Bankas\u0131 Finansal Ara\u015ft\u0131rma B\u00f6l\u00fcm\u00fc’nde K\u0131demli Ekonomist olarak g\u00f6rev yapmaktad\u0131r. Finans alan\u0131ndaki doktora derecesini 2014 y\u0131l\u0131nda Stockholm School of Economics’ten alm\u0131\u015ft\u0131r. 2011\/2012 akademik y\u0131l\u0131n\u0131 Harvard \u00dcniversitesi’nde ge\u00e7irmi\u015ftir. Bundan \u00f6nce, York \u00dcniversitesi’nden Finans ve Ekonometri alan\u0131nda y\u00fcksek lisans derecesini alm\u0131\u015ft\u0131r. Breckenfelder, piyasa mikro yap\u0131s\u0131, bankac\u0131l\u0131k ve para politikas\u0131 aktar\u0131m\u0131 konular\u0131na \u00f6zel ilgi duyarak finans ve para ekonomisi alanlar\u0131nda ampirik ara\u015ft\u0131rmalar y\u00fcr\u00fctmektedir.<\/p>\n\n Date: Tuesday, April 12, 17.00 (GMT+3)\n