9 th Annual CInSt Banking Workshop
On Friday, October 11th, under the glass roof of the tower room 508, at HSE (9-11, Myasnitskaya str.), the round table got together the researchers of empirical and theoretical banking. The Center for Institutional Studies held a 9th edition of the Annual CInSt Banking Workshop “Banking in Emerging Markets: Challenges and Opportunities”.
Opening the workshop, Maria Semenova, the head of the Organizing Committee, emphasized, that this year it is supported not only by the Bank of Finland Institute for Economies in Transition (BOFIT), our long-standing partner, but also –for the first time- by the Russia Platform UGent.
At the first session Alexander Kostrov (University of St. Gallen) explained how the bank hidden negative capital can be detected through the product mismatch. Then Vladimir Sokolov (ICEF HSE) discussed the influence of the interbank market squeeze during the 2004 bank panic in Russia on the firm-to-firm payments. Starting the second session Ata Can Bertay (World Bank) described almost the whole world of international banking. Then Anna Agapova (Florida Atlantic University) showed how the foreign aid influences the financial sector’s relationships with the public and private non-financial ones. Finally during the last session Iakov Kuga (HSE St.Petersbourg) presented a model of liquidity provision in the corridor-type monetary policy framework with REPO auctions, with a focus on the spreads.
The workshop’s program traditionally includes a very limited number of high-quality research paper presentations and a keynote speech of one of the most well-known and recognized scholars in this field. This year we were happy to have Prof. Hans Degryse as a keynote. He delivered a very interesting and intriguing story of zombie lending in Portugal and the ways the inspection can reduce it.
The workshop once again proved to be a unique platform for discussing the most recent results of academic research on banking in emerging markets. The participants say it was very productive, useful and inspiring.