NEWS
The 2nd HSG Forum for Banking & Finance 2020 with the title “Red Alert: The Swiss Real Estate Market in Times of the Corona Pandemic” was held on October 21, 2020 as a web conference. Five well-known representatives from the financial sector discussed current developments in the Swiss real estate and mortgage markets under the moderation of Prof. Dr. Roland Füss. In addition to a review of the effects of the corona pandemic on real estate markets, future developments in the private housing market and the market for investment properties were debated. Furthermore, the participants discussed changes and potential risks on the demand and supply side of the mortgage market. About 90 persons took part in the event. The HSG Forum for Banking & Finance is a flagship event of the s/bf-HSG, which promotes exchange of ideas between researchers, practitioners and policy makers concerning the development of the financial sector.
“Monitoring Consumption Switzerland” is a joint project of Prof. Dr. Martin Brown, Prof. Dr. Matthias Fengler (University of St.Gallen) and Novalytica together with Robert Rohrkemper (Worldline) and Rafael Lalive (University of Lausanne). Using publicly available payment data, the project sheds light on consumer spending in Switzerland and how this is impacted by the corona crisis – in real time. Follow us on Twitter: https://twitter.com/MartinBrownHSG
Prof. Dr. Angelo Ranaldo’s Master’s course” European Compact – Systemic Risk” is a lecture series on systemic risk, digital currencies, and fintech. Distinguished speakers from the Swiss National Bank, European Central Bank, Bank for International Settlements, and European Insurance and Occupational Pensions Authority shared their expertise. All lectures are available on Youtube.
RESEARCH
PUBLICATIONS:
- Experience Does Not Eliminate Bubbles: Experimental Evidence. A. Kopányi-Peuker, M. Weber. The Review of Financial Studies, 16 October 2020.
- Regulatory Effects on Short-Term Interest Rates. A. Ranaldo, P. Schaffner, M. Vasios. Journal of Financial Economics, forthcoming.
SELECTED WORKING PAPERS:
- Monetary Policy Disconnect, B. Ballensiefen, A. Ranaldo, H. Winterberg. School of Finance Working Paper 2020/03, University of St.Gallen.
- Gamma Fragility, A. Barbon, A. Buraschi. School of Finance Working Paper 2020/05, University of St.Gallen.
- "Not in My Backyard!" the 2015 Refugee Crisis in Germany, K. Kürschner Rauck. School of Finance Working Paper 2020/04, University of St.Gallen.
SELECTED CONFERENCE PARTICIPATIONS:
- Intertemporal Prospect Theory. I. Lampe, M. Weber. D-TEA (Decision: Theory, Experiments, Applications) Conference 2020, Paris, 16-19 June 2020.
- In Military We Trust: The Effect of Managers' Military Background on Mutual Fund Flows. V. Orlov. FMA 2020 Virtual Conference, 19-23 October 2020.
- Sentiment Risk Premia in the Cross-Section of Global Equity. R. Füss, M. Guidolin, C. Köppel. FMA 2020 Virtual Conference, 19-23 October 2020.
- Bankruptcy Prediction of Privately Held SMEs Using Feature Selection Mmethods. F. Paraschiv, M. Schmid, R. Wahlstrom. 4th Shanghai-Edinburgh Fintech Conference, 7 November 2020.
- "Not in My Backyard!" the 2015 Refugee Crisis in Germany, K. Kürschner Rauck. ASSA 2021 Annual Meeting, Chicago, 3-5 January 2021, accepted.
EXECUTIVE EDUCATION
In spring 2021, we will offer our intensive course “Fit for Alternative Investments” entirely online due to the current corona pandemic. The course “Fit for Alternative Investments” provides an in-depths and up-to-date overview of the most important topics in the field of alternative investments. In addition to traditional asset classes, newer asset classes such as cryptoassets, crowdfunding and -lending are discussed. Participants learn how alternative investments work and what practical implications this has for investment advice, financial analysis, asset allocation and risk management. A high degree of practical relevance is also provided by external speakers.
The popular lecture series “Fit for Finance” will again be held as an intensive course in autumn 2021. We now offer participants the possibility to choose flexibly between the classroom and the online course. In addition, we there will be an one-hour online Q&A session on each topic. Besides theoretical concepts, the special focus of this course is on practical applications. Participants learn how financial markets work and what practical implications this has for investment advice, financial analysis, risk management, etc. Due to its thematic focus, the course forms an optimal basis for further certificates, especially for the CFA®.
S/BF IN THE MEDIA (A SELECTION)
- Bloomberg, 25 November 2020. Wall Street Dealers in Hedging Frenzy Get Blamed for Volatility. Coverage of research by A. Barbon.
- HSG Newsroom, 22 September 2020. Why are interest rates so low? Interview University of St.Gallen with A. Ranaldo.
- LSE Business Review, 1 July 2020. Deglobalisation post COVID-19 could spell trouble for the European Monetary Union. Joint with A. Bertasiute, D. Massaro, M. Weber.
- LSE Business Review, 30 June 2020. Spreading out: COVID-19 and the changing geography of consumption. M. Brown, M. Fengler, R. Lalive, R. Rohrkemper, T. Spycher.
- LSE Business Review, 12 May 2020. The German court ruling against ECB asset purchases doesn’t make economic sense. M. Weber.
A selection of articles from “Monitoring Consumption Switzerland”
Should you have any questions or suggestions regarding the s/bf-HSG Newsletter please send an e-mail to: Beatrix Kobelt.
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November 2020