Finance Seminar: Phong Ngo

10 November, 2017 - 10:30 to 12:00
Joyce Ackroyd (37), Room 430

Abstract:
Using the timing of Dalai Lama visits as a unique source of time-varying geopolitical tensions between China and other countries, we show that in the year following a visit where he meets with the head of state, bank flows from China to that country fall by 12-17%. We find supportive evidence by examining bilateral flows in a broad panel of countries: proxies for geopolitical tensions between countries are associated with declines in bilateral bank flows. The effect operates through state-ownership in the banking sector, which enables government to direct the flow of international capital according to political concerns.

Phong Ngo

For more information about this speaker please see Australian National University staff page: https://www.cbe.anu.edu.au/about/staff-directory/?profile=Phong-Ngo.