American Finance Association 2022 Virtual Meeting
Our largest annual economics and finance conference is approaching and takes place from Jan 7 to Jan 9, 2022 (again, fully virtual). I am happy to contribute with 2 papers and 1 discussion in this meeting. Me and my co-authors are presenting:
Why did bank stocks crash during COVID-19? (co-authored with Viral Acharya and Rob Engle) on Jan 7, 3.45 EST in the session “Financial Crises and Transmission of Shocks”
We show that banks’ outstanding credit lines decrease bank stock prices, reduce lending and negatively impact real economic activity of firms during times of aggregate drawdowns.
Corporate Loan Spreads and Economic Activity (co-authored with Anthony Saunders, Alessandro Spina, and Daniel Streitz) on Jan 9, 12.15 EST in the session “Macro Finance II“
We show that loan spreads derived from secondary market trading of corporate loans have high predictive power for macro outcomes as loan spreads capture unique information about borrowers not contained in public market credit spreads.
I am discussing a super interesting paper “Cross-subsidization of Bad Credits in a Lending Crisis“ by Artavanis, Lee, Panageas and Tsoutsoura on Jan 8, 3.45 EST in the session “Banking and Real Economy“.
If you are interested, check out these sessions and papers and reach out if you have questions.