ryanbanerjee

Economist @BIS current research on #zombiefirms #covidcorporatedebt #inflationrisk views are my own. Retweet not equal to endorsement.

[ryanbanerjee @RyanNBanerjee]

And for those who prefer Spotify use this link

[Bank for International Settlements @BIS_org]

For how long and in what capacity will #zombiefirms continue trudging through the economy? In our latest BISness podcast, Ryan Banerjee @RyanNBanerjee & Boris Hofmann discuss how zombie firms have fared in the #Covid19 crisis https://t.co/CtPpetjGHV

[ryanbanerjee @RyanNBanerjee]

@BergAslak @spignal Which side of the Romance Germanic divide does Germany sit on? My German books are in the same direction as Stanley‘s French ones. Would be interesting to know the origin of the different styles

[ryanbanerjee @RyanNBanerjee]

@kareem_carr Did you really mean to say inv(X‘X)X‘y ?

[ryanbanerjee @RyanNBanerjee]

@spignal Couldn’t the same be said about cycling?

[Eric Parrado @eric_parrado]

After 17 dedicated years at @the_IDB Research Department (RES), our good friend @AndyPowell_IDB is retiring. Andy was a pillar of RES, making key research contributions that guided policy across #LAC. Big congrats and thanks on a job well done 👏

[Martin Brown @MartinBrownHSG]

The way you pay affects how much you spend ..... if you have present-focused preferences. This research uses matched payment survey - payment diary and behavioral survey data. thx to co-authors @ThomasNellen1 & #YvesNacht @SNB_BNS , #HelmutStix @oenb

[Matteo Crosignani @mcrosign]

Nice article citing our work on QE-induced fragility in the BBB corporate bond market

[ryanbanerjee @RyanNBanerjee]

@BIS_org @TheBanker @banquedefrance Link to full report here https://t.co/QE6YwRXgI4

[ryanbanerjee @RyanNBanerjee]

@BIS_org @TheBanker @banquedefrance For those #macropru geeks. Check out the appendix tables comparing macropru across countries. You can do cross country comparisons eg calibration on a harmonized basis. Takeaway- similar calibrations for FTB, but differences for BTL. Latter differ by desire to dampen the cycle

[Bank for International Settlements @BIS_org]

#Macropru policy can mitigate the financial stability risks arising from boom-bust cycles in #housing markets. Read how in @TheBanker op-ed by Emmanuelle Assouan of the @banquedefrance and Ryan Banerjee of the Committee on the Global Financial System https://t.co/CRVrm6niaT

[ryanbanerjee @RyanNBanerjee]

#Macropru can mitigate financial stability risk from boom bust cycles in #housing markets. In this @TheBanker op-ed, Emmanuelle Assouan @banquedefrance and I distill lessons that should help to make macropru policy remains effective https://t.co/HvYYJXYftT

[Bank for International Settlements @BIS_org]

What types of firms hedge their interest rate risk? And does it help? Natural language text analysis of 80,000 company financial statements sheds some light on this question. Find out more: https://t.co/a5AZoSayKg #Hedging #InterestRates #BISBulletin

[ryanbanerjee @RyanNBanerjee]

@BIS_org This is a great resource distilling the operational insights about how to set policy ranging from governance frameworks, what tools to use and for what objectives and strategies that can help guide the tricky issue of policy calibration

[ryanbanerjee @RyanNBanerjee]

If you are looking for a handbook about how to implement #macropru, this is a great resource distilling the combined insights from 168 year of experience. #Macropru for #housing has come a long way in ten years (@MacroPru )

[Bank for International Settlements @BIS_org]

What actionable objectives do #macropru authorities follow? Find out who targets resilience and who aims to dampen credit cycles or lean against house price exuberance #housing https://t.co/HwHlGfLzvl

[Bank for International Settlements @BIS_org]

Many firms have variable interest rate debt. Some hedge this risk, but around 50% of firms exposed to variable rate don’t #Hedging #InterestRates #BISBulletin
https://t.co/a5AZoSayKg

[ryanbanerjee @RyanNBanerjee]

For more of the importance of disclosures for efficient pricing see https://t.co/IuvwpbnjfS

[ryanbanerjee @RyanNBanerjee]

Despite its importance, it is surprisingly hard to get an overview of interest rate hedging by firms. We try to fill this gap in this #BISBulletin a 🧵…

[Bank for International Settlements @BIS_org]

Knowing who hedges interest rate risk is necessary to accurately assess the impact of rising interest rates. But it is a challenge to get a comprehensive overview. The latest #BISBulletin tries to fill the gap https://t.co/a5AZoSayKg #InterestRates #Hedging

[ryanbanerjee @RyanNBanerjee]

Interestingly, equity markets seem to factor this in. Hedgers equity prices don’t change much when interest rates rise - unlike non-hedgers. It suggests that the hive of equity market investors do make use of these disclosures. 5/N