SEACEN-ASB Webinar Series: Why is Dollar Debt Cheaper?

In this seminar Professor Ivashina will present her recent paper (joint with Bryan Gutierrez and Juliana Salomao) that explores the interest rate differential for lending rates is closely matched by the differential in the deposit market using the evidence in Peru. The findings highlight that the preference for dollar loans is rooted on the local household preference for dollar savings and a banking sector that is closely matching its foreign assets and liabilities. It is also discovered that borrower competitive pressure increases the pass-through of this differential.

Join us for a talk by Victoria Ivashina (Harvard Business School) on the reasons behind dollar debt.
 

About the Panelist:

Victoria Ivashina, Lovett-Learned Professor of Business Administration Harvard Business School

Victoria Ivashina is the Lovett-Learned Professor of Finance and Head of the Finance Unit at Harvard Business School. Professor Ivashina is also the faculty chair of the Global Initiative for the Middle East and North Africa (MENA) region. She is a Research Associate at the National Bureau of Economic Research (NBER), a Research Fellow at the Center for Economic Policy Research (CEPR), a Visiting Scholar at the Federal Reserve Bank of Boston, and a member of the Model Validation Council at the Board of Governors of the Federal Reserve System. Professor Ivashina co-heads Harvard Business School’s Private Capital Initiative and Private Equity and Venture Capital (PEVC) executive education program.

Her research spans multiple areas of financial intermediation, including corporate credit markets, global banking operations, asset allocation by pension funds and insurance companies, and value creation by private equity. Professor Ivashina serves as a Department Editor at the Management Science, and as a board member of the American Finance Association, Academic Female Finance Committee (AFFECT) and Financial Intermediation Research Society. She holds a Ph.D. in Finance from the NYU Stern School of Business and a B.A. in Economics from Pontificia Universidad Católica del Perú.