Calendrier du 25 mai 2021
Virtual Development Economics Seminar
Du 25/05/2021 de 17:00 à 18:15
YANAGIZAWA-DROTT David (University of Zurich and CEPR)
*
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 25/05/2021 de 17:00 à 18:00
BLUMENTHAL Benjamin (ETH Zurich)
Political Agency with Heterogeneously Informed Voters
Paris Trade Seminar
Du 25/05/2021 de 14:30 à 16:00
Using Zoom
CONCONI Paola (Oxford)
Trade Protection Along Supply Chains
écrit avec C. Bown (Peterson Institute and CEPR), A. Erbahar (Erasmus University, Rotterdam and Tinbergen Institute), L. Trimarchi (Université de Namur)
Applied Economics Lunch Seminar
Du 25/05/2021 de 12:30 à 13:30
HARPEDANNE Louis-Marie ()
Mediating Financial Intermediation
écrit avec Aymeric Bellon and Noemie Pinardon Touati
This paper studies the resolution of disputes between firms and their lenders through external
mediators, who suggest a non-legally binding solution to resolve a disagreement after commu-
nicating with all parties. We exploit an administrative database on firms’ outcomes matched
to the French credit registry and plausible exogenous variation in eligibility to public media-
tors across counties for identification. Credit, employment and investment increase following
the mediation, causing an overall reduction in firms’ liquidation of 34.6%. All the effects are
driven by firms that borrow from more than one financial institution, supporting the view that
mediators solve coordination problems between lenders.