The first Open Research seminar with the participation of world-class scholars and NBU representatives is to take place on 27 January 2017 at 11.00 a.m.

Dr. Tor Jacobson, Acting Head of Research at Sveriges Riksbank, will present the findings of his research entitled: “Curbing Shocks to Corporate Liquidity: The Role of Trade Credit”.

In his research conducted jointly with his colleagues, Dr. Tor Jacobson investigates how trade credit positions are used by firms to curb the impacts of shortfalls in liquidity. Exogenous liquidity shortfalls generated by the fraud and failure of a cash-in-transit firm provide an opportunity to show a causal effect on the role of trade credit. The research findings suggest that firms can manage liquidity shortfalls by increasing the amount of drawn credit from suppliers (payables), and by decreasing the amount of issued credit to suppliers (receivables). The authors argue that trade credit positions are economically important sources of reserve liquidity and the underlying mechanism in trade credit adjustments is in part due to shifts in credit durations—both upstream and downstream.

Please follow the link to view the research paper in English http://www.nber.org/papers/w22286.

The working language of the seminar will be English.

Seminar venue: room 306, 9, Instytutska St., Kyiv. The venue can be accessed via the central entrance.      All participants are required to have a passport. Registration of participants will  take place from  10.45  a.m. to 10.55 a.m.

In order to participate in a seminar, all interested stakeholders must submit an application indicating the applicant's first name and surname, place of employment, and contact information (telephone, e-mail) by the end of the day on 25 January 2017 via e-mail to [email protected]. Given the limited seats available, the NBU reserves the right to accept or reject applications.  The NBU will inform each applicant as to acceptance or rejection of an application by the end of the day on 26 January 2017. 

The National Bank of Ukraine launched a series of research seminars in July 2015. During these seminars, representatives of the academic and expert community, international financial institutions, other central banks, and the NBU have the opportunity to share their research findings and discuss them with peers.

With the aim of arranging further research seminars, we encourage potential contributors to collaborate with us and present the findings of their research studies on issues related to the activities of the NBU and financial system operations.  Please send proposals (with an indication of a suitable date for the seminar, and attached presentation materials, an executive summary and/or draft contributions) to the NBU Research Division of the Monetary Policy and Economic Analysis Department for consideration via e-mail:  [email protected].

The proceedings of open research seminars are available under “Conferences and Seminars/Open research seminars” subsection  in the “Research” section of the NBU’s website.