Alexander Butler – Jones Graduate School of Business (Rice)
Darden, FOB 194A Market-based Measure of Climate Risk for Cities Abstract We use information from financial markets to construct a comprehensive measure of cities’ economic exposure to climate-related risks. Studying a large sample of municipal bonds issued by U.S. cities, we document substantial variation in how municipal bond prices respond to innovations Read more…
Brownbag: Zhaohui Chen (UVA, McIntire)
Darden, FOB 194Victoria Ivashina (HBS)
McIntire, RRH 410Victoria Ivashina will present the following paper (click link in title for paper). Bank Runs and Interest Rates: A Revolving Lines Perspective with Falk Brauning Abstract: Revolving credit is at the core of the banking business. Corporate revolving credit lines are demandable claims; thus, similar to a traditional bank run Read more…
Brownbag: Marco Cipriani (Federal Reserve Bank of New York)
Darden, FOB 294Tracing 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…
Kevin Crotty (Rice)
McIntireBrownbag: Rodney Sullivan (Darden)
Darden, FOB 194Juanita González-Uribe – London School of Economics
Darden, FOB 194Managerial 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…