25 Years IWH

Matias Ossandon Busch, PhD

Matias Ossandon Busch, PhD
Current Position

since 10/13

Economist in the Department of Financial Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 10/13

International Banking Library

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • empirical banking
  • financial and real sector interactions
  • international banking in emerging countries

Matias Ossandon Busch joined the Department of Financial Markets at IWH in October 2013. His research focuses on international banking, financial contagion through international banks, and the evaluation of policy interventions in the banking sector, with a special focus on developing countries.

Matias Ossandon Busch studied Business Administration (BSc), Social Sciences (BSc) and Economics and Public Policy (MSc) at the Adolfo Ibañez University as well as International Economics (MSc) at the Eberhard Karls Universität Tübingen. Prior to joning the IWH, he was research fellow at the the Institute Libertad y Desarrollo (from 2009 to 2010), lecturer in microeconomics at the Universidad del Desarrollo (2010) and visiting researcher at the Research Centre of the Deutsche Bundesbank (2012).

Your contact

Matias Ossandon Busch, PhD
Matias Ossandon Busch, PhD
Mitglied - Department Financial Markets
Send Message +49 345 7753-781

Publications

Foreign Funding Shocks and the Lending Channel: Do Foreign Banks Adjust Differently?

Felix Noth Matias Ossandon Busch

in: Finance Research Letters , 2016

Abstract

We document for a set of Latin American emerging countries that the different nature of foreign funding accessed by foreign and local banks affected their lending performance after September 2008. We show that lending growth was weaker for shock-affected foreign banks compared to shock-affected local banks. This evidence represents valuable policy information for regulators concerned with the stability and well-functioning of banking sectors. 

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Working Papers

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Banking Globalization, Local Lending, and Labor Market Effects: Micro-level Evidence from Brazil

Felix Noth Matias Ossandon Busch

in: IWH Discussion Papers , No. 7, 2017

Abstract

This paper estimates the effect of a foreign funding shock to banks in Brazil after the collapse of Lehman Brothers in September 2008. Our robust results show that bank-specific shocks to Brazilian parent banks negatively affected lending by their individual branches and trigger real economic consequences in Brazilian municipalities: More affected regions face restrictions in aggregated credit and show weaker labor market performance in the aftermath which documents the transmission mechanism of the global financial crisis to local labor markets in emerging countries. The results represent relevant information for regulators concerned with the real effects of cross-border liquidity shocks.

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