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UID:event-11497@www.amse-aixmarseille.fr
DTSTAMP:20260422T193043Z
CREATED:20260422T193043Z
LAST-MODIFIED:20260422T193043Z
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 : 
 gael.leboeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-
 amu.fr\n\nPlus d'informations: https://www.amse-aixmarseille.fr/fr/evenemen
 ts/chang-ma
LOCATION:MEGA
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/chang-ma
CONTACT:Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : gael.le
 boeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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