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Work-life balance hard on women in finance


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That investment banking isn’t a relaxing career is perhaps obvious. But new research by Lee professor of economics Claudia Goldin and Allison professor of economics Lawrence Katz shows just
how bad
the quality of life is for financial-sector workers. The field stacks up as even more inflexible than other professions with a reputation for being demanding, such as medicine and law.
And their research shows the particularly high price paid by women ....

University Of Chicago , United States , Lawrence Katz , Marianne Bertrand , Claudia Goldin , பல்கலைக்கழகம் ஆஃப் சிகாகோ , ஒன்றுபட்டது மாநிலங்களில் , லாரன்ஸ் க்யாட்ஸ் , மரியான் பெர்ட்ராண்ட் , கிளாடியா கோல்டின் ,

The corporate "dash for cash" and banks' pullback from risk-taking


The corporate “dash for cash” and banks’ pullback from risk-taking
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In spring 2020, stay-at-home policies aimed at containing the spread of the coronavirus led to a sharp decline in the revenues of nonfinancial firms. To shore up cash positions and ride out the crisis, firms approached their banks and drew down on pre-committed lines of credit. As a result, between early March and the end of April, the banking system was hit by a tidal wave of credit line drawdowns (figure 1), estimated at about half a trillion USD (Li et al. 2020). Banks were able to withstand the unprecedented credit demand, successfully providing liquidity to the real sector during a time of stress. However, they also curtailed new loan originations and tightened lending standards by an extent not seen since the 2008 financial crisis (figure 2). ....

Robertf Engle , Roberts Fletcher , Marianne Bertrand , Camelia Minoiu , Philipe Strahan , Michael Luca , Matthewc Plosser , Ethan Yeh , Christophert Stanton , Refinitiv Dealscan , Edwardl Glaeser , Olivier Darmouni , Exchange Commission , Credit Line Drawdowns Affect Bank Lending , International Monetary Fund , Bank Liquidity Provision , Firm Size Distribution , National Bureau Of Economic Research , Federal Reserve , Line Drawdowns , Listed Firms , Leveraged Commentary , Lending Standards , Senior Loan Officer Opinion Survey , Reserve Board , Loan Officer Opinion Surveys ,