Rollover Risk and Bank Lending Behavior: Evidence from Unconventional Central Bank Liquidity

Tue, Oct 24, 2017, 4:30 pm
Julis Romo Rabinowitz Building - Room 217
Princeton faculty and students
Princeton University faculty, staff, and students

Maturity mismatch and debt rollover risk played an important role in amplifying the Global Financial Crisis. How do banks respond to reduction of rollover risk induced by unconventional monetary policy? What are the consequences for bank lending to the real economy? Jasova’s research provides new evidence on these important policy questions.

Martina Jasova is a Visiting Graduate Student at Princeton University working under the direction of Atif Mian, Director of the Julis-Rabinowitz Center for Public Policy and Finance.  Martina is a Ph.D. candidate in Economics at Charles University in Prague.  Martina's research focuses on the linkages between macroeconomics and finance. She is particularly interested in the effects of central banks’ policies on private credit. Last year she was a Research Analyst in the Monetary and Economics Department at the Bank for International Settlements. Previously she was a Ph.D. Trainee at the Macro-Financial Policies Division of the European Central Bank.