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PRODID:-//AMSE//Event Calendar//FR
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UID:event-11497@www.amse-aixmarseille.fr
DTSTAMP:20260422T181734Z
CREATED:20260422T181734Z
LAST-MODIFIED:20260422T181734Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Chang Ma
DTSTART:20241015T083000Z
DTEND:20241015T100000Z
DESCRIPTION:In this paper\, we show that cross-border portfolio flows aroun
 d the peak of the European Crisis induced households to rebalance their por
 tfolios toward housing. Estimating difference-in-differences regressions ar
 ound Draghi's “Whatever It Take” speech in July 2012 with household dat
 a from the ECB's Household Finance and Consumption Survey\, we find that po
 rtfolio inflows induce households with larger ex-ante bond and equity share
 s to rebalance more strongly toward housing. The effect is not driven by hi
 gher pre-treatment access to credit or higher credit growth during the trea
 tment period and is stronger for wealthier and less risk-averse households.
 \\n\\nContact: Eric Girardin: eric.girardin[at]univ-amu.frGaël Leboeuf: g
 ael.leboeuf[at]univ-amu.frChristelle Lecourt: christelle.lecourt[at]univ-am
 u.fr\n\nPlus d'informations: https://www.amse-aixmarseille.fr/en/events/cha
 ng-ma-0
LOCATION:MEGA
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/chang-ma-0
CONTACT:Eric Girardin:&nbsp\;eric.girardin[at]univ-amu.frGaël Leboeuf: gae
 l.leboeuf[at]univ-amu.frChristelle Lecourt: christelle.lecourt[at]univ-amu.
 fr
TRANSP:OPAQUE
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