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DTSTART;TZID=Europe/Paris:20240311T120000
DTEND;TZID=Europe/Paris:20240311T131500
DTSTAMP:20240306T084325Z
CREATED:20240209T155407Z
LAST-MODIFIED:20240306T084325Z
UID:20959-1710158400-1710162900@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Corentin Roussel (Univ. Strasbourg)
DESCRIPTION: \nSéminaire d’économie de Bordeaux\n  \n\n \n\nCorentin Roussel\n(Univ. Strasbourg) \n  \n » Should new prudential regulation discriminate green credit risk ? A macrofinancial study for the Output Floor case »\n  \n\n\n\nDifferentiated treatment of green credit risk in banks’ capital requirements to favor green transition generates lot of debates among European prudential regulators. The aim of this paper is to examine whether the key Basel 3 finalization instrument – the Output Floor – should be applied to green credit risk in order to ensure stability of banking system and promote green finance. To do so\, we assess macrofinancial and environmental benefits of such green policy for the Euro Area through the lens of a general equilibrium model. We get three main results. First\, when banks get transitory ’environmental awareness’\, an Output Floor (OF) applied to brown credits only (i.e. a brown OF) faces a trade-off between limiting environmental aftermaths and reaching OF objectives (i.e reducing volatility of banks’ capital adequacy ratio). Second\, to mitigate the prudential cost of this trade-off\, brown OF should be joined with additional green financial policies such as green Quantitative Easing. Third\, pollutant emissions tax erodes brown OF efficiency along financial and economic cycles but limits the welfare cost implied by pollution in the long run. \n\n\n\n  \n  \n– Séminaire organisé par le programme 4 / BSE –\n \n \n \n \n– Voir plus d’événements –\n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-corentin-roussel-univ-strasbourg/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20240312T120000
DTEND;TZID=Europe/Paris:20240312T131500
DTSTAMP:20240306T084006Z
CREATED:20231113T132347Z
LAST-MODIFIED:20240306T084006Z
UID:17413-1710244800-1710249300@www.bse.u-bordeaux.fr
SUMMARY:Séminaire : Camélia Turcu (LEO\, U. Orléans\, INFER)
DESCRIPTION:Agenda > Tous les événements\nSéminaire d’économie de Bordeaux\n  \nCamélia Turcu\n(LEO Université d’Orléans\, INFER)\n \n\nTyphoons in China: do bankers want their umbrellas back when it rains? \nPauline Avril (LEO – University of Orléans)\, Grégory Levieuge (Banque de France and LEO – University of Orléans)\, Camélia Turcu (LEO – University of Orléans)\n \n \nA cataclysmic event might lead to a reduction in lending\, due to the deterioration in agents’ creditworthiness. Nevertheless\, banks are expected to support the recovery. This study investigates which effect dominates by exploring how typhoons affect the lending activities of banks in China. It relies on the exposure of more than 161\,000 bank branches held by 327 Chinese banks over the period from 2004 to 2019. Our difference-in-difference estimates reveal that\, on average\, typhoons trigger a decrease in lending that accounts for 2.8 percent of total bank assets. This decline comes from commercial banks. On the contrary\, rural banks act as shock absorbers. This may be the consequence of long-term lending relationships and banks’ better knowledge of local economic and physical risks. The absence of rural banks is even found to be detrimental to local post-typhoon growth. Last\, government ownership and external political pressure mitigate the relative decline in lending by typhoon-hit commercial banks.\n\n \n \n \n \n \n \n>> pour assister au séminaire sur ZOOM\, contactez  julie.vissaguet@u-bordeaux.fr\n \n \n \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-camelia-turcu-leo-universite-dorleans-infer/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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DTSTART;TZID=Europe/Paris:20240318T120000
DTEND;TZID=Europe/Paris:20240318T131500
DTSTAMP:20240314T130146Z
CREATED:20240308T153907Z
LAST-MODIFIED:20240314T130146Z
UID:21151-1710763200-1710767700@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Eleonora Cavallaro (University Sapienza Rome)
DESCRIPTION:Séminaire – BSE programme 4\n  \nEleonora Cavallaro\nUniversity Sapienza Rome \n  \n  \nFinancial asymmetries\, risk sharing and growth in the EU\n  \n  \n  \n– Séminaire organisé par le programme 4 / BSE –\n \n  \n \n \n– Voir plus d’événements –\n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-eleonora-cavallaro-university-sapienza-rome/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20240322T120000
DTEND;TZID=Europe/Paris:20240322T131500
DTSTAMP:20240315T101540Z
CREATED:20240115T100402Z
LAST-MODIFIED:20240315T101540Z
UID:20800-1711108800-1711113300@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Etienne Lepers (OCDE)
DESCRIPTION:Séminaire BSE – programme 4\n  \nEtienne Lepers\n(OCDE) \n  \nWhat Drives Capital to Green Companies in Emerging Markets: Evidence from Investment Funds\n  \nLeveraging on a detailed portfolio-level dataset of the largest 37 000 investment funds in the world\, this paper explores the role of investment funds in financing green companies in Emerging Markets (EMs) and allocation drivers. First\, the paper demonstrates that despite a boom in “sustainable” investing at the global level\, companies involved in carbon solutions (renewable energy\, transport and infrastructure)\, and particularly so in EMs\, represent a very small fraction of reported “sustainable” investment. Second\, fund-level and asset-level regressions highlight several important fund and country characteristics as drivers of green investments. Younger funds\, retail investor funds\, funds with domestic mandates\, and sustainable funds are more likely to invest in green companies and respectively less likely to invest in fossil fuel companies. We demonstrate the importance for EM green companies to be included into EM benchmarks\, while listed firms’ concentration of ownership is negatively associated with green investments. Greater green allocation in EMs is also associated with higher portfolio flows openness\, and more economic freedom. In addition\, several climate-related drivers such as exports in renewable manufacturing products or a country’s share in energy generation are also positively associated with higher allocation. \n  \n– Séminaire organisé par le programme 4 / BSE –\n \n  \n  \nAgenda > Tous les événements\n \n \n \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-etienne-lepers-ocde/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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