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PRODID:-//AMSE//Event Calendar//FR
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UID:event-13360@amse-aixmarseille.fr
DTSTAMP:20261027T163004Z
CREATED:20261027T163004Z
LAST-MODIFIED:20261027T163004Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:PhD seminar - Ernest Lecomte*\, Mariya Sakharova**
DTSTART:20261105T100000Z
DTEND:20261105T113000Z
DESCRIPTION:*We investigate the supply and demand drivers of bank deposit p
 ricing in the Euro area during the period 2007–2024. We document that the
  pass-through of policy rates to sight deposit rates is low\, asymmetric\, 
 varies across the monetary policy regimes\, and decreases over time. We bui
 ld and estimate an equilibrium model of bank deposit markets\, and find tha
 t the price sensitivity of depositors exhibits large heterogeneity between 
 households and firms\, across countries\, and over time. Our estimates sugg
 est that rate-sensitive depositors increasingly switched to alternative\, h
 igher-yielding savings products over time\, thereby decreasing the average 
 rate-sensitivity of the remaining pool of sight deposits. In turn\, banksâ€
 ™ market power over sight deposits increased\, thereby accounting for the s
 luggish increase in overnight deposit rates following the 2022 European Cen
 tral Bank’s policy rate hikes.**Different social classes have different t
 ools at their disposal\, such as political influence and collusion\, which 
 in turn influence the market structure of an economy. While the effects of 
 political influence have been studied\, the prevalence and associated outco
 mes of collusion are unclear\, since collusion is usually illegal and thus 
 difficult to measure. I collect a novel dataset on collusion in Late Tsaris
 t Russia and use classic and staggered differences-in-differences to study 
 the relationship between elites\, foreign entities\, merchants and collusio
 n\, and how collusion may affect industrialization. Industries with elite p
 resence are not necessarily more collusive. However when there is a contrac
 tion in demand these industries see an increase in collusion\, especially w
 hen they face foreign competition. Colluding firms within the metals sector
  see their machine power increase\, indicating collusion gave them more fin
 ancial leeway to mechanize in an environment with underdeveloped financial 
 markets - implying that in such a setting collusion was beneficial for indu
 strialization.\\n\\nContact: Kossi Agbanda - kossi.agbanda[at]univ-amu.frSh
 adas Marc Sodji - shadas-marc.sodji[at]univ-amu.fr\n\nPlus d'informations: 
 https://amse-aixmarseille.fr/fr/evenements/ernest-lecomte-mariya-sakharova
LOCATION:ÃŽlot Bernard du Bois - Salle 24\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://amse-aixmarseille.fr/fr/evenements/ernest-lecomte-mariya-sakharova
CONTACT:Kossi Agbanda - kossi.agbanda[at]univ-amu.frShadas Marc Sodji - sha
 das-marc.sodji[at]univ-amu.fr
TRANSP:OPAQUE
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