Brownbag: Marco Cipriani (Federal Reserve Bank of New York)

Darden, FOB 294

Tracing Bank Runs in Real Time Abstract We use high-frequency interbank payments data to trace deposit flows in March 2023 and identify twenty-two banks that suffered a run, significantly more than the two that failed but fewer than the number with large negative stock returns. The runs were driven by Read more…

Juanita González-Uribe – London School of Economics

Darden, FOB 194

Managerial Springboards: Employee Spillovers of Startup Accelerators Abstract: We study whether accelerators shape employees’ careers. Drawing on employee-level resume data across the Americas and a Colombian natural experiment with wage records, we find that employees of accelerator-backed startups are more likely to become managers in other firms, earn higher wages, Read more…