04
14:15 - 15:45
IWH Research Seminar
JUN
2018
14:15 - 15:45
Interest Rates, Market Power, and Financial Stability
This paper analyzes the effects of policy rates on financial intermediaries' risk-taking decisions. We consider an economy where (i) intermediaries have market power in granting loans, (ii) intermediaries monitor borrowers which lowers their probability of default, and (iii) monitoring is not observable which creates a moral hazard problem.
Who
(University of Madrid)
Where
Personal details
David Martinez-Miera is a Ramon y Cajal Associate Professor of Finance at the Business Department of Universidad Carlos III de Madrid. His research interests are banking, macro-finance, corporate finance and Microfinance.
Whom to contact
Vice President Department Head
If you have any further questions please contact me.
+49 345 7753-727 Request per E-Mail
