Banking Initiative

Banking Initiative

Understanding the future of banking

The IESE Banking Initiative, with the support of Citi, wishes to study post-crises developments of banking and financial markets, paying particular attention to regulation and competition policy and the impact on business banking models. The initiative aims to promote a rigorous and informed dialogue on current issues in the fields of banking and financial markets among academics, regulators, companies and civil society.

The origin of the initiative lies in the annual Future of Banking Conference that IESE launched in London in 2014 to help improve research on the governance and management of banks.

With an initial horizon of four years, the program aims to be a reference point in banking and financial studies and will focus on issues that will be crucial to understanding the evolution of these sectors. Throughout the initiative, an annual report on the future of banking will be produced by a group of first-rate researchers.

The initiative is grateful for the support of:

Reports

Report No. 2: June 2020

Report No. 2: June 2020 The Bank Business Model in the Post-Covid-19 World

By Elena Carletti, Stijn Claessens, Antonio Fatás & Xavier Vives
Centre for Economic Policy Research

Report No. 1: June 2019

Report No. 1: June 2019 Sound At Last? Assessing a Decade of Financial Regulation

By Patrick Bolton, Stephen Cecchetti, Jean-Pierre Danthine & Xavier Vives
Centre for Economic Policy Research

“What Will COVID-19 Do to Banking?”, Xavier Vives, Project Syndicate, 9/07/2020
“The Bank Business Model in the Post-Covid-19 World”, Elena Carletti, Stijn Claessens, Antonio Fatás & Xavier Vives, VoxEU.org, 18/06/2020
“How to Keep Central Banks Independent”, Patrick Bolton, Stephen Cecchetti, Jean-Pierre Danthine & Xavier Vives,  Project Syndicate, 11/07/2019
“Política y bancos centrales”, Xavier Vives, La Vanguardia, 25/07/2019
“How Will Banking Look in 10 Years’ Time?”, Xavier Vives, The Banker, 02/01/2019

“Exchange Competition, Entry, and Welfare”, Cespa, Giovanni & Vives, Xavier, R&R at The Review of Financial Studies.
“Whatever it Takes: The Real Effects of Unconventional Monetary Policy”, Eufinger, Christian, Acharya, Viral V., Eisert, Tim & Hirsch, Christian, The Review of Financial Studies, Vol. 32(9), 2019, pp 3366-3411.
“Interbank Networks and Backdoor Bailouts: Benefiting from other Banks’ Government Guarantees”, Eufinger, Christian & Eisert, Tim, Management Science, Vol. 65(8), 2019, pp 3673-3693.
“Self-fulfilling Runs and Endogenous Liquidity Creation”, Rivero, David & Hugo Rodríguez, Journal of Financial Stability, Vol. 45, 2019, 100704.
“Digital Disruption in Banking”, Vives, Xavier, The Annual Review of Financial Economics, Vol 11, 2019, pp 243-272.
“Competition and Stability in Modern Banking: A Post-Crisis Perspective”, Vives, Xavier, International Journal of Industrial Organization, Vol. 64, 2019, pp 55-69.
“Competition Policy in Banking in the European Union”, Vives, Xavier, Review of Industrial Organization, Vol. 55, No. 1, 2019, pp 27-46.

“Financial Markets, Common Ownership and Product Market Outcomes”, Albert Banal-Estañol, Universitat Pompeu Fabra, 29/10/2019
“Stress Testing and Bank Lending”, Joel Shapiro, Oxford University, 28/05/2019
“Becker Meets Kyle: Inside Insider Trading”, Marcin Kacperczyk, Imperial College London, 21/05/2019
“Financial Frictions, Foreign Currency Borrowing, and Systemic Risk”, Robert Marquez, UC Davis, 19/03/2019
“Network Hazard and Bailouts”, Selman Erol, Carnegie Mellon University, 12/03/2019
“The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis”, Philippe Martin, SciencePo Paris, 18/12/2018
“Stressed Banks”, Diane Pierret, HEC Laussane, 27/11/2018
“10 Years after Lehman Brothers Fall”, Alumni Session, 30/10/2018

Co-authors of the Reports

Post-Doctoral Fellow

Assistants