Topic: "Liquidity Provision and Equity Funding of Banks"
The presentation will be based on several theoretical papers ("The Leverage Ratchet" and "Liquidity Provision and Equity Funding of Banks"), but main ideas are presented in a verbal manner in "Bank Leverage, Welfare and Regulation" и "Does Debt Discipline Bankers?".
Prof. Martin Hellwig, Director (emeritus) at the Max Planck Institute for Research on Collective Goods.