Banking in Macro-finance: Empirical Tools and Applications
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Overview
Learning outcomes
Key Topics
Schedule
Who is this Course for?
Admissions
Fees
FAQ
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Course Overview
The objective of this course is to present empirical tools and applications to address relevant questions for both banking theory and policy, including:
- The real effects of bank distress
- Monetary policy (MP) transmission via banks
- Lending dynamics during credit booms
- Causes and consequences of financial crises
- The (unintended) effects of bank regulation and policy
Emphasis is placed on illustrating research methodologies used in the empirical literature and learning the application of these methodologies to selected topics. The course is suitable for PhD students, practitioners, and researchers (especially at central banks) interested in the role of banks in the macroeconomy.
Faculty
Who is this course for?
This course has been designed for:
- Graduate students specializing in banking and macro-finance
- Faculty members or researchers
- Central bankers and regulators wishing to brush up on their knowledge of the field
- Central bankers and regulators wanting the latest advances in academic research
Learning outcomes
- The objective of this course is to present empirical applications of relevant questions for both banking theory and policy, mainly related to:
- banks and nonbank credit intermediaries and their real effects, systemic risk, and financial crises
- the role of policy, including monetary and macroprudential policy, and regulation
- An important objective is to read and understand scientific papers in empirical banking
- To accomplish this objective, emphasis is placed on illustrating research methodologies used in empirical banking and learning the application of these methodologies to selected topics
Key topics for Banking and Macro-finance course
Here are the topics that will be covered during this edition:
Course outline
Below is a list of topics covered during the course, including a list of research tools that will be used.
Real effects of bank distress
Monetary policy (MP) transmission via banks
- Risk-taking and credit channels of MP
- Deposit channel of MP
Credit booms
- Credit supply vs demand, lending standards, regulation, risk-taking, behavioral explanations
Bank failures and financial crises
- Measurement, causes, and consequences
- Solvency vs. liquidity
Regulation
- Deposit insurance, benefits (runs) and costs (moral hazard)
- Macro vs. micro prudential policy, unintended consequences/regulatory arbitrage
Research tools
- Question: from theory and policy questions to testable predictions
- Identification strategy: data, shocks, endogeneity, omitted variables, cross-section/time series variation, econometric techniques (e.g. Fixed Effects, Differences-in-Differences, Instrumental Variables, Regression Discontinuity)
- Micro data key for identification and heterogeneous effects
- Macro data for external validity and rare events
- From granular to macro data: loan/security to firm/bank/industry/country aggregation
- New tools to collect/extract (historical) data
- Address limitations of the analysis, alternative hypotheses, robustness…
List of References
- There is no mandatory reading list for this course
Call For Papers
Students are encouraged to present their research papers.
If you are interested in submitting a paper for review, please make your submission to summerschool@bse.eu. Please put “Banking call for papers” in the subject line of your email.
The deadline for submitting papers is June 14, and the schedule for the presentation of papers will be announced when the selection of papers has been finalized.
Why join our Summer School?
All BSE Summer courses are taught to the same high standard as our Master’s programs. Join us to:
Network with like-minded peers
Study in vibrant Barcelona
Learn from world-renowned faculty
Admissions and Requirements
The level of the material is equivalent to what is presented in our Master’s programs.
It is the responsibility of the applicant to check they meet the eligibility requirements for admission.
Requirements
Successful candidates will usually demonstrate one or more of the following:
- A strong background in Economics or a field closely related to the course topic (Statistics, Law, etc.)
- Postgraduate degree or current Master’s/PhD studies related to the course topic
- Relevant professional experience
Here is your schedule for BSE Banking in Macro-finance course
Credit Transfers (ECTS)
To be eligible for credit transfer, students must complete a final project.
Students will deliver a short summary of a paper one week after the summer school finishes. It will consist of a critical summary of a published paper, around 3-4 pages, 1.5 spaced, font size 11. The critical summary will need to follow these guidelines: expose what are the main ideas of the paper, how they are addressed, strength and weakness of the paper, methodological approach, theoretical or empirical background, and suggestions for improvements.
Consult the Summer School Admissions page for more information about this option.
Certificate of Attendance
Participants who attend more than 80% of the course will receive a Certificate of Attendance, free of charge.
* Reduced Fee applies for PhD or Master’s students, Alumni of BSE Master’s programs, and participants who are unemployed.
FAQ
Here are some commonly asked questions by participants. Any further queries, please contact our Admissions Team.
Is accommodation included in the course fee?
Unfortunately, accommodation is not included in the course fee. Participants are responsible for finding accommodation.
Are the sessions recorded?
Sessions will NOT be recorded; however, the materials provided by the professor will be available for a month after the course has finished.
How much does each Summer School course cost?
Fees for each course may vary. Please consult each course page for accurate information.
Are there any discounts available?
Yes, BSE offers a variety of discounts on its Summer School courses. See more information about available discounts or request a personalized discount quote by email.
Can I take more than one course?
Yes! you can combine any of the Summer School courses (schedule permitting). See the full course calendar.
Are there any evening activities during the course?
A social dinner will take place during the week for all participants, it is free to attend.
Mix and match your summer courses!
Remember that you can combine Banking Summer School courses with courses in any of the other BSE Summer School programs (schedule permitting). Maximise your learning this summer and take advantage of our multiple-course discount.
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