Chair of Monetary Economics

NEWS


Upcoming Presentations


A new working paper

... with Thomas Gehrig (U Vienna) - Talk and the City is about the nature of communication between banks and their supervisors when banks possess potentially systemically-relevant information about their peers. Such communication is cheap talk that can be deciphered by supervisors only if they understand message-sending banks' specific incentives to overstate, understate, or not even report at all systemically relevant information. Hence, stress tests and onsite inspections are complementary supervisory tools that allow supervisors to properly assess the Talk and current threats to the stability of the City (31/08/2025).