Seminar Banking

(Literature seminar)

Seminar in Empirical Banking

 

Instructor

Prof. Dr. Andre Guettler

 

General description

The seminar in empirical banking is for Master students (including Master of Finance students). Students will form groups of two (or three). Students may provide grouping and paper preferences but there are no guarantees. Each group is assigned one paper (see below). Students are required to read related academic papers. The seminar thesis and its corresponding presentation need to summarize the paper and it should also discuss the paper's strengths and weaknesses. For the latter, refer to these general guidelines for referee reports to scrutinize academic papers (even though you do not need to make any accept / reject recommendations). The presentations will take place on one day towards the end of the winter semester (dates will be announced in due course).

 

Language

The seminar language (seminar thesis, presentation, discussion etc.) is English.

 

Grading (per group)

- 50%: seminar thesis 

- 50%: presentation

 

Registration

Please sign up using the link below and submit your preferences up to 01-Jul-17:

Http://econ.mathematik.uni-ulm.de:3838/semapps/stud_en/

 

Topics

1) Estimating Informational Frictions in Sticky Relationships

2) Lending Relationships and Information Rents: Do Banks Exploit their Information Advantages?

3) The Failure of Models that Predict Failure: Distance, Incentives, and Defaults

4) The Economic Consequences of Borrower Information Sharing: Relationship Dynamics and Investment

5) Do Credit Market Shocks affect the Real Economy?

6) The Role of Bankers in the U.S. Syndicated Loan Market

7) The Real Effects of Lending Relationships on Innovative Firms and Inventor Mobility

 

References

Darmouni, Olivier. "Estimating Informational Frictions in Sticky Relationships." Columbia Business School Research Paper No. 17-4, (2016).

Schenone, Carola. "Lending Relationships and Information Rents: Do Banks Exploit their Information Advantages?" Review of Financial Studies 23(3), (2010): 1149-199. 

Rajan, Uday, Seru, Amit, and Vig, Vikrant. "The Failure of Models that Predict Failure: Distance, Incentives, and Defaults." Journal of Financial Economics 115, (2015): 237-260.

Sutherland, Andrew. "The Economic Consequences of Borrower Information Sharing: Relationship Dynamics and Investment." MIT Sloan Research Paper No. 5170-16, (2017).

Greenstone, Michael, Mas, Alexandre, and Nguyen, Hoai-Luu. "Do Credit Market Shocks affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and `Normal' Economic Times." NBER Working Paper No. 20704, (2014).

Herpfer, Christoph. "The Role of Bankers in the U.S. Syndicated Loan Market." Unpublished, (2017).

Hombert, Johan, and Matray, Adrien. "The Real Effects of Lending Relationships on Innovative Firms and Inventor Mobility." Review of Financial Studies 30 (7), (2017): 2413-2445.