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Banking on Technology: Bank Technology Adoption and Its Effects
We develop and estimate a new model of endogenous growth in bank efficiency and firm productivity in which banks adopt technology embedded in capital goods produced by entrepreneurs, and agents choose whether to become workers or capital good-producing entrepreneurs. In…
Beauty on the Brain with Gabrielle Starr
Global Bond Managers Seek to Widen Safe Asset Menu
There are moments when bond markets reprice due to inflation or growth dynamics. And then there are moments when they reprice because the underlying foundations of the market are reassessed. We may be approaching the latter. U.S. Treasuries have been…
Literature Review on Non-maturity Deposit Stability
The banking turmoil of March to May 2023 has led to questions about whether the behaviour of non-maturity deposits (NMDs) has changed. The unusually fast bank depositor outflows amidst depositor panics in 2023 could have been affected by a variety…
Harnessing the Forecasting Power of Oil Market News
Last week Charles Calomiris and his coauthors, Nida Çakir Melek of the Federal Reserve Bank of Kansas City, and Harry Mamaysky of Columbia Business School, published “Big Data Meets the Turbulent Oil Market” in the Financial Analysts Journal. Fabio Natalucci…
Global Rewire Newsletter – Issue III
Obstacles to Adoption Still, cryptocurrencies are used by less than 2% of households for payments and transfers, according to a Federal Reserve report. The market for stablecoin use is expected to grow with the enabling legislation. Circle Internet Group Inc. reports that transaction volume in its USDC…
Rearmament Is An Opportunity to Strengthen Europe’s Financial Markets
Whether intended as provocation, leverage, or strategic signaling, the U.S. threat to “take over” Greenland captured something unsettling about the current phase of American power: An increasingly transactional approach to security, territory, and alliances. It also crystallized a reality that…
Sovereign Debt with Lupin Rahman
Charles Calomiris joins the Andersen Institute for Finance & Economics
The Dollarization Question with Francisco Zalles
