We are pleased to invite you to the new online Brown Bag Seminar to be held on Thursday, February 17, 2022, at 2:00 p.m. The series of Brown Bag Seminars will be continued by Mr. Martin Hodul, Ph.D., (Czech National Bank and the University of Ostrava), who will present the emerging paper Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries.
A link to connect to the Brown Bag seminar is available at the website www.efzg.unizg.hr/najava-brown-bag-seminara/42813
Summary of the presentation:
A link to connect to the Brown Bag seminar is available at the website www.efzg.unizg.hr/
Summary of the presentation:
The research examines whether macroprudential policy measures affect shadow bank lending. Using a broad set of data covering 23 EU countries, the authors quantify the shadow banking activity indicator by focusing on monitoring the credit intermediation of non-banking entities.
In order to solve the problem of endogeneity, inherent in modeling the effects of macroprudential policy on the financial sector, the authors introduce a new strength index of macroprudential bodies, which is used as an instrumental variable for the macroprudential policy variable.
The conducted analyses robustly prove that the restrictive macroprudential policy intensifies the lending of shadow banking.
The authors use the cross-sectional dimension of the data to show that this effect is particularly strong in weakly capitalized banking sectors, where more binding macroprudential policies are expected, leading to credit redistribution from banks to non-banking entities.
About the presenter:
Mr. Martin Hodula, Ph.D., is the Head of the Financial Research Department at the Czech National Bank and an Assistant Professor at the University of Ostrava (Czech Republic), where he received his Ph.D. in 2017. His research focuses on applied macroeconomics and banking, with a special emphasis on macroprudential policy and non-bank credit intermediation. He has published scientific papers in peer-reviewed international journals, such as The European Journal of Finance, Economic Systems, Journal of Regulatory Economics, Social Indicators Research, etc.
Description of the Brown Bag Seminar concept:
The Brown Bag Seminar (BBS) is an informal one-hour workshop with aim of presenting research in different stages of design (ideas, rounded theoretical framework, conducted empirical research, etc.), promoting discussion and creating a stimulating environment focused on the constructive discussion between exhibitors and the rest of participants of the seminar. The basic idea of the BBS is to create a platform where at least once a month, the FEB ZG employees will have the opportunity to present the ideas and articles they work on within their scientific research work. We invite you to respond and help with your constructive comments to exhibitors and expose by yourself the topics you are currently working on, unpublished works or present the research ideas you are thinking about.
The idea is that presentations (in English or Croatian - depending on the presenter's preference) last for 30-40 minutes, and is followed by a discussion.
On behalf of the organizers,
About the presenter:
Mr. Martin Hodula, Ph.D., is the Head of the Financial Research Department at the Czech National Bank and an Assistant Professor at the University of Ostrava (Czech Republic), where he received his Ph.D. in 2017. His research focuses on applied macroeconomics and banking, with a special emphasis on macroprudential policy and non-bank credit intermediation. He has published scientific papers in peer-reviewed international journals, such as The European Journal of Finance, Economic Systems, Journal of Regulatory Economics, Social Indicators Research, etc.
Description of the Brown Bag Seminar concept:
The Brown Bag Seminar (BBS) is an informal one-hour workshop with aim of presenting research in different stages of design (ideas, rounded theoretical framework, conducted empirical research, etc.), promoting discussion and creating a stimulating environment focused on the constructive discussion between exhibitors and the rest of participants of the seminar. The basic idea of the BBS is to create a platform where at least once a month, the FEB ZG employees will have the opportunity to present the ideas and articles they work on within their scientific research work. We invite you to respond and help with your constructive comments to exhibitors and expose by yourself the topics you are currently working on, unpublished works or present the research ideas you are thinking about.
The idea is that presentations (in English or Croatian - depending on the presenter's preference) last for 30-40 minutes, and is followed by a discussion.
On behalf of the organizers,
Petar Sorić, Ph.D.
Associate Professor
Department of Statistics
University of Zagreb, Faculty of Economics & Business
Trg J. F. Kennedyja 6, 10000 Zagreb, Croatia