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BEGIN:VEVENT
CREATED:20230418T074313Z
UID:2846
DTEND:20230425T140000Z
DTSTART:20230425T130000Z
DTSTAMP:20260420T090935Z
LOCATION:Zoom
DESCRIPTION:The Competence Centre for International Economics Research (FIW) kindly inv
 ites to participate in the Seminar in International Economics on the topic 
 Production and Financial Networks in Interplay Kenan Huremovic IMT School f
 or Advanced Studies Tuesday\, 25th of April 2023\, 3:00 pm (CEST) Venue: On
 line via Zoom Abstract: We show that bank shocks originating in the financi
 al sector propagate upstream and downstream along the production network. O
 ur identification relies on the universe of both supplier-customer transact
 ions and bank loans in Spain\, a standard operationalization of credit-supp
 ly shocks during the 2008–09 global crisis\, and the proposed theoretical
  framework. The impact on real effects is strong\, and similarly so\, when 
 considering: (i) direct bank shocks to firms versus first-order interfirm c
 ontagion\; (ii) first-order versus higher-order network effects\; (iii) dow
 nstream versus upstream propagation\; (iv) firm-specific versus economy-wid
 e shocks. We develop a general equilibrium model to rationalize our finding
 s. We estimate structural parameters of the model and verify that several t
 estable predictions of the model hold in the data. The seminar series is or
 ganised by the Vienna Institute for International Economic Studies (wiiw) i
 n co-operation with FIW. The seminar provides a forum for presentation and 
 discussion of recent academic research in the field of international econom
 ics.
SUMMARY:Seminar in International Economics: Production and Financial Networks in In
 terplay
ORGANIZER:FIW
URL;VALUE=URI:https://www.fiw.ac.at/en/event/seminar-in-international-economics-productio
 n-and-financial-networks-in-interplay/
TRANSP:OPAQUE
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TRIGGER;VALUE=DATE-TIME:20230425
DESCRIPTION:Reminder for Seminar in International Economics: Production and Financial Networks in In
 terplay
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