讲座题目：Overconfident manager and bank liquidity regulations

主讲人：Kim Cuong Ly博士，英国诺丁汉大学商学院金融系助理教授

讲座时间：12月27日下午14：30-16：30

讲座地点：商学院新大楼413室

邀请部门：金融学系、金融工程研究所

 

摘要：

This study examines a model where a bank manager is overconfident about the deposit outflow risk and allocates the bank asset more to risky asset. A bank faces deposit outflow risk at intermediate date and needs refinancing from outside investors when it gets into liquidity shortage. If the bank cannot obtain the refinancing funds from outside investors, it is forced to be liquidated. When the overconfident manager does not prepare for such outflow risk, there is a role of liquidity regulation which enables the bank to refinance in liquidity shortage. Liquidity regulation that requires the liquid assets above the minimum requirement is able to prevent the bank from getting into liquidation state during the period of deposit outflow. Our analysis examines the liquidity regulation that are close to LCR of Basel III. Our empirical analyses provide evidence supporting our theoretical implications.

主讲人简介：

Kim Cuong Ly博士，英国诺丁汉大学商学院金融系助理教授。他的论文发表在Journal of Multinational Financial Management, Journal of Financial Stability, International Review of Financial Analysis, Research in International Business and Finance等期刊上。研究领域有Firm debt, bank risk, merger and acquisition, bank capital, bank liquidity, Basel III等。