题目:Bank Expertise and Structural Transformation (with Gang Zhang, Shengxing Zhang)

主讲人：Yu Yi (Nankai University)

时间：2024年11月7日 下午14:00 – 15:30

地点：北京大学国家发展研究院 承泽园131

摘要：We study how bankers' expertise in identifying productive projects impacts the economic structure. We examine the U.S. 1980s interstate banking deregulation as a quasi-natural experiment on the structural transformation of non-financial sectors across states. The economic structure of those states with deregulated banking sectors became closer to each other because bankers brought their expertise to find productive projects across state borders. We build a two-state, two-sector search-and-matching model where bankers' expertise determines sector-specific matching efficiency between bankers and producers. As deregulation makes bankers' expertise more accessible across states, the economic structure converges across states, especially when firms depend on external funding.

主讲人简介：Dr. Yu Yi is an Assistant Professor at the Nankai University. He earned his Ph.D. in Economics from the London School of Economics and Political Science in 2023. His research interests include macro finance and banking. Yu has been awarded the Rising Star Award by the Chinese Economic Society.