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University of Essex homepage Events Corporate Runs and Credit Reallocation
Event

Corporate Runs and Credit Reallocation

  • Wed 21 May 25

    13:00 - 14:30

  • Online

    Zoom (email for link)

  • Event speaker

    Professor Vasso Ioannidou

  • Event type

    Lectures, talks and seminars

  • Event organiser

    Essex Finance Centre

  • Contact details

    Dr Anna Sarkisyan

The Essex Finance Centre (EFiC) warmly invites you to join the research seminar with Professor Vasso Ioannidou from Bayes Business School.

We study the reaction of corporate clients to bank distress on both sides of banks’ balance sheet, exploiting the 2017 failure of two Italian regional banks. We find that firms initiate deposit runs before households, as soon as the banks’ distress becomes public.

At the same time, an endogenous deterioration unfolds on the asset side: while risky firms draw down existing credit lines from distressed banks, creditworthy firms seek new lending relationships with healthier banks. Only the riskier firms reduce investment, as creditworthy firms successfully switch to other banks, which in turn reallocate credit away from riskier firms.

Speaker

Vasso Ioannidou is a financial economist and academic specializing in banking and corporate finance. Vasso is currently a Professor of Finance at Bayes Business School and a CEPR research fellow.

Vasso has made several contributions to the field of banking and corporate finance. Her research focuses on understanding the behaviour and performance of banks, the crucial role they play in the economy, and the impact of financial regulation on their conduct. Her work has been published in leading academic journals, including the Journal of Finance, the Journal of Financial Economics, and Management Science. She has received numerous awards and distinctions for her contributions.

Vasso is actively involved in shaping academic discourse and policy discussions related to banking and finance. Currently, Vasso serves as a member of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB), senior research consultant at the ECB (ChaMP network), and Associate Editor for the European Economic Review, the Journal of Banking and Finance and the Journal of Financial Stability.

Essex Finance Centre (EFiC)
Research degrees at Essex Business School
Research from Essex Business School
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