Jiaqing ZENG
Research Assistant Professor of Finance
University of Macau
Date: 23 October 2024 (Wednesday)
Time: 13:00 to 14:00 pm
Venue: E22 Lobby
Moderator: Prof. Rachel Xiaorong MA, Associate Professor of Finance
Abstract
We examine the effect of social network on bank runs. We construct depositors’ money transfer network and neighborhood network. We find that depositors learn information from the network. The strength of social ties, distance, centrality in the network, access to financial instruments and profession all influence the impact of social network. Depositors are affected by their nearest neighbors. ATM users are more likely to be influenced by the contagion in the neighborhood.
Speaker
ZENG Jiaqing is a Research Assistant Professor in the Department of Finance and Business Economics at the University of Macau. He obtained his Ph.D. degree in economics from Tsinghua University. His research focuses on both empirical and theoretical aspects of coordination failure. His empirical work includes investigating the impact of social network on bank runs and the influence of peers’ run experiences. On the theoretical side, he uses global game techniques to study the effect of panic in COVID19 pandemic and the role of self-collateralness in the collapse of the FTX exchange.
All are welcome!
