题目：Risk Taking, Reaching for Yield, and Monetary Policy: Evidence from Peer-to-Peer Lending

　　报告人：邓筱莹，上海财经大学，助理教授

　　时间：2018年6月6日(周三)10:00~11:30

　　地点：经管院A204

　　报告摘要如下：

　　This paper examines whether and how monetary policy affects risk-taking and reaching-for-yield behavior of individual investors in the peer-to-peer lending market. Using the data from Prosper.com from 2007 to 2013, we show that easy monetary policy, as measured by lower effective federal funds rates or the quantitative easing programs, induces individual investors to fund riskier loans and to fund loans with higher expected returns. We also find that loans originated during easy monetary policy regimes also experience higher ex post default rates.

　　报告人简介：

　　邓筱莹，2010年本科毕业于西南财经大学，2014年获新加坡国立大学地产金融博士学位，现为上海财经大学房地产学与金融学助理教授。主持国家自科基金青年项目。主要研究领域为房地产，公司金融，家庭金融, 金融中介, 她的研究成果发表于Journal of Real Estate Finance and Economics, Habitat International等国际期刊。