Graph of the effect of geopolitical distance on FDI.
As geopolitical uncertainty rises β due to events ranging from Brexit and the increasing rivalry between major economies to Russiaβs invasion of Ukraine β firms are increasingly factoring political alignment into their investment decisions. This column uses detailed global data on greenfield projects, mergers and acquisitions, and affiliate stocks, and four measures of political alignment, to explore how foreign direct investment has become more sensitive to geopolitical distance. It reveals how friendshoring trends have accelerated since 2011, and how todayβs investment flows reflect deepening geoeconomic fragmentation.
Arti Grover & Pierre-Louis Vezina find an increasing role for political alignment or differences in shaping companies' location decisions. Geopolitical differences have a larger negative impact on #FDI today than they did 10 years ago.
cepr.org/voxeu/column...
#EconSky
04.07.2025 08:32 β π 17 π 4 π¬ 0 π 2
π’ Call for Papers!
Upcoming conference on "Accelerating Growth for Women Entrepreneurs in Developing Economies", by @ebrd.bsky.social, We-Fi, IDB, @imperialcollegeldn.bsky.social
Keynote: Marianne Bertrand (Chicago Booth)
Submission deadline: 13 July 2025 π
tinyurl.com/mvcu2drc
01.07.2025 09:14 β π 1 π 3 π¬ 0 π 0
Congrats!!
01.07.2025 21:46 β π 1 π 0 π¬ 0 π 0
π’ Call for Papers!
Upcoming conference on "Accelerating Growth for Women Entrepreneurs in Developing Economies", by @ebrd.bsky.social, We-Fi, IDB, @imperialcollegeldn.bsky.social
Keynote: Marianne Bertrand (Chicago Booth)
Submission deadline: 13 July 2025 π
tinyurl.com/mvcu2drc
01.07.2025 09:14 β π 1 π 3 π¬ 0 π 0
βAnd here's another RA position in @ebrd.bsky.social' Office of the Chief Economist, this one for a two-year period:
jobs.ebrd.com/job/London-A...
26.06.2025 09:34 β π 1 π 1 π¬ 0 π 0
πWe're hiring! Join @ebrd.bsky.social's Office of the Chief Economist (OCE) in London as a Research Analyst and work with us on policy-relevant & cutting-edge research
Apply π tinyurl.com/pe3m458x
#econra @fraloi.bsky.social @helenaschweiger.bsky.social
24.06.2025 10:32 β π 5 π 5 π¬ 0 π 2
π₯Join our team of economists to do research that matters!
24.06.2025 14:27 β π 2 π 1 π¬ 0 π 0
πWe're hiring! Join @ebrd.bsky.social's Office of the Chief Economist (OCE) in London as a Research Analyst and work with us on policy-relevant & cutting-edge research
Apply π tinyurl.com/pe3m458x
#econra @fraloi.bsky.social @helenaschweiger.bsky.social
24.06.2025 10:32 β π 5 π 5 π¬ 0 π 2
π’The program for the 7th @ebrd.bsky.social and @cepr.org Research Symposium is now on-line!π’
Join us on June 2-3 in London to discuss βThe Economics of Demographic Change"
Keynotes: JesΓΊs FernΓ‘ndez-Villaverde (UPenn) and @mdoepke.bsky.social (LSE)
Program and registration: lnkd.in/e5aNypaf
22.05.2025 11:09 β π 9 π 7 π¬ 0 π 0
π’The program for the 7th @ebrd.bsky.social and @cepr.org Research Symposium is now on-line!π’
Join us on June 2-3 in London to discuss βThe Economics of Demographic Change"
Keynotes: JesΓΊs FernΓ‘ndez-Villaverde (UPenn) and @mdoepke.bsky.social (LSE)
Program and registration: lnkd.in/e5aNypaf
22.05.2025 11:09 β π 9 π 7 π¬ 0 π 0
βοΈVery much enjoyed giving a seminar at the @centralbankireland.bsky.social βοΈ Great discussions with the research economists of the Research Collaboration Unit and connecting with the many colleagues they collaborate with across the Bank. Link to the paper: tinyurl.com/5xxsxw85
08.05.2025 08:56 β π 3 π 0 π¬ 0 π 0
π’Just published in @jintlecon.bsky.social π’
"Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring"
w/ @raoulminetti.bsky.social , Elton Beqiraj, and Qingqing Cao
We examine how the organizational structure of global banks affects economic stability π§΅(1/n)
04.04.2025 11:05 β π 8 π 3 π¬ 1 π 0
Global banks with a centralized business model (with loan officers hired centrally by the parent and an intense use of internal capital markets) help mitigate the impact of financial shocks on the host economy. However, they may become a destabilizing factor following real shocks
14.04.2025 18:35 β π 1 π 1 π¬ 0 π 0
New at JIE: "Global banking and macroeconomic stability. Liquidity, control, and monitoring", by Elton Beqiraj, Qingqing Cao, Ralph De Haas, Raoul Minetti (@raoul_minetti)
doi.org/10.1016/j.ji...
14.04.2025 18:35 β π 1 π 1 π¬ 1 π 0
Associate Economist
Associate Economist
π£οΈWe're hiring! @ebrd.bsky.social 's Office of the Chief Economist is hiring an Associate Economist
Apply π tinyurl.com/59c49hxv
@fraloi.bsky.social @helenaschweiger.bsky.social @eliaben.bsky.social #EconSky #EconJob
07.04.2025 12:17 β π 12 π 5 π¬ 0 π 1
Associate Economist
Associate Economist
π£οΈWe're hiring! @ebrd.bsky.social 's Office of the Chief Economist is hiring an Associate Economist
Apply π tinyurl.com/59c49hxv
@fraloi.bsky.social @helenaschweiger.bsky.social @eliaben.bsky.social #EconSky #EconJob
07.04.2025 12:17 β π 12 π 5 π¬ 0 π 1
Tomorrow, EBRD OCE's research seminar series features Oxford's @muhammadmeki.bsky.social
πLink to Muhammad's paper: mmeki.com/wp-content/u...
βοΈOCE honor host of a great list of researchers - for more: loiaconofrancesco.com/oce-research...
@ralphdehaas.bsky.social
07.04.2025 11:04 β π 2 π 2 π¬ 0 π 0
A big thank you also to #NicolaLimodio, #KimFeKramer, @giorgiabarboni.bsky.social and #SeanHiggins for putting together such a great program!
@ebrd.bsky.social
06.04.2025 12:42 β π 1 π 0 π¬ 0 π 0
Very much enjoyed presenting our paper "Violent Conflicts and Cross-Border Lending" (w/ @alexanderpopov.bsky.social , #IlirianaShala , #MikhailMamonov) at the LSE's #WEFIDEV Finance & Development conference. Many thanks to #JanisSkrastins for a fantastic discussion!
Full paper π lnkd.in/edidEdxj
06.04.2025 12:42 β π 4 π 1 π¬ 1 π 0
π£οΈ Now forthcoming in the Journal of Corporate Finance (joint w/ @sguriev , Alex Stepanov):
"State Ownership and Corporate Leverage Around the World"
papers.ssrn.com/sol3/papers....
@ebrd.bsky.social
30.03.2025 13:05 β π 8 π 2 π¬ 0 π 0
Full paper π
authors.elsevier.com/c/1knq55330m...
(5/5)
04.04.2025 11:05 β π 0 π 0 π¬ 0 π 0
In contrast, liquidity centralization, while easing liquidity transfers within global bank conglomerates, tends to dilute the response of global banksβ monitoring. Empirical evidence from the BEPS survey broadly aligns with the model predictions (4/n)
04.04.2025 11:05 β π 0 π 0 π¬ 1 π 0
Key insight: Centralization has an ambiguous effect on the (de)stabilizing role of global banks, with distinct roles for liquidity and monitoring centralization. Monitoring centralization amplifies the response of global banksβ monitoring following shocks (3/n)
04.04.2025 11:05 β π 0 π 0 π¬ 1 π 0
We first develop a dynamic equilibrium model where global banks can delegate or centralize loan monitoring and, second, can also transfer liquidity between parent banks and local affiliates (2/n)
04.04.2025 11:05 β π 0 π 0 π¬ 1 π 0
π’Just published in @jintlecon.bsky.social π’
"Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring"
w/ @raoulminetti.bsky.social , Elton Beqiraj, and Qingqing Cao
We examine how the organizational structure of global banks affects economic stability π§΅(1/n)
04.04.2025 11:05 β π 8 π 3 π¬ 1 π 0
π£οΈ Now forthcoming in the Journal of Corporate Finance (joint w/ @sguriev , Alex Stepanov):
"State Ownership and Corporate Leverage Around the World"
papers.ssrn.com/sol3/papers....
@ebrd.bsky.social
30.03.2025 13:05 β π 8 π 2 π¬ 0 π 0
It was an honor to contribute a chapter on "Sustainable Banking" to the 4th edition of The Oxford Handbook of Banking. I review the role of banks in financing the transition to a low-carbon economy, the impact of climate risks on credit supply & challenges such as greenwashing and carbon arbitrage π
21.03.2025 12:00 β π 7 π 2 π¬ 0 π 0
Women tend to live longer than men in every country in the world.
But the size of this life expectancy gap varies a lot.
From @scientificdiscovery.dev's data insight today: ourworldindata.org/data-insight...
20.03.2025 06:23 β π 105 π 26 π¬ 11 π 0
bsky.app/profile/dmck...
26.11.2024 05:54 β π 7 π 2 π¬ 0 π 0
President CEPR
AndrΓ© Hoffmann Chair and Professor of Economics @ Geneva Graduate Institute
Connaughton Professor of Alternative Investments at the University of Virginia - McIntire, CEPR, ECGI; Wharton PhD www.NickolayGantchev.com
Economist, Researcher at Frankfurt School of Finance & Management. Environmental economics, climate policy and finance
Economist. Natural resources, climate, governance and growth.
Assistant Prof @EdinburghUni |
Econ & social policy:
labor, (un)employment, inequality |
http://supertracker.spi.ox.ac.uk |
https://lukaslehner.github.io/
Economist @ Central Bank of Ireland and 1st year PhD student @ University College Dublin. Macro-finance, housing, empirical financial intermediation. All views are mine.
https://www.linkedin.com/in/emil-bandoni
Financial stability. Climate finance. Economic history. Central bank communication. Personal views only.
Associate Professor of Economics at UniversitΓ© Clermont Auvergne, @cerdi.bsky.social #FirstGen Political Economy, Development Economics, Social Media, Institutions, Cultural Economics, Climate Change
https://sites.google.com/view/jordanloper/home
Professor of Finance and Director of Florence School of Banking and Finance
Researcher at LISER, Luxembourg, working on the economics of migration. Research Fellow: IZA, IRES/LIDAM (UcLouvain), DEM (Uni.lu) More on: http://www.joelmachado.eu
Associate Professor of Finance, National University of Singapore
Financial Economist, Professor at Bayes Business School, University of London
Assistant Professor of Finance @ Nova SBE. Working on intersection of Corporate Finance and Labor/Gender.
Assistant Professor of Finance, HEC Lausanne | PhD from Toulouse School of Economics | Industrial Organization, Entrepreneurial Finance, Digitization, Antitrust
Finance AP U of Toronto | corporate & sustainable finance π
Asst. Professor of Finance, Vanderbilt University | On leave @ PCAOB | Former SEC economist | Views are mine and not those of affiliated entities
Web: https://joshua-t-white.com
market microstructure, empirical finance
@edinburgh-uni.bsky.social
Finance prof @UKGatton | Wife, Mom to 3 | Editor @JCorpFin | Traveler | Usual suspect | https://gattonweb.uky.edu/faculty/hankins/
Economist, University of Cambridge + Homerton College. I study how households make their housing and investment decisions. Boatie.
Previously at Univ of TΓΌbingen, Universidad de Monterrey, ZEW Mannheim π¬π§ π«π· π²π½
https://sites.google.com/view/carolinhoeltken
Assistant Professor Finance @ Erasmus University Rotterdam | Labor, Innovation, and Finance
