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Cambridge Endowment for Research in Finance (CERF)


Farzad Saidi

Title of research: Real Effects of Financial Development: Bank Scope and Informal Finance

My main set of projects analyses the deregulation of scope in financial intermediation. I argue that a lender’s scope of banking activities is crucial in determining its incentives to acquire information about a borrower. Universal banks are intermediaries with a wide scope and can, thus, be considered informed lenders. I am empirically evaluating (i) to what extent informed lending leads to a reduction in the size of loan syndicates and (ii) international spill-overs of the U.S. deregulation of bank scope. The second part of my current agenda looks at the development of informal financial institutions in a developing country context.

Research Update - Report March 2016

Research Update - Report September 2015

Research Update - Report April 2015

Research Update - Report 2014

Latest news

PhD advisor and co-author of CERF post-doc Xinyu Hou wins Nobel Prize in Economics

11 October 2022

Philip H Dybvig from Washington University is (joint with Bernanke and Diamond) a recipient of this year’s Nobel Memorial Prize in Economic Sciences for his research on banks and financial crises. Prof. Dybvig is the former PhD advisor of Dr Xinyu Hou who is currently a post-doctoral researcher at the Cambridge Endowment...