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DESCRIPTION:Join the Desautels Faculty of Management for a lecture:\n\nCorp
 orate green bonds: Do they really make a difference or is it just green wa
 shing?\n	featuring visiting professor Dr. Jean-Charles Rochet\n	Professor of
  Banking\, University of Geneva\n\nDate: Wednesday\, April 3\, 2019\n	Time:
  5:30 pm – 7:00 pm\, followed by a reception 7:00 pm – 8:00 pm\n	Location: 
 Donald E. Armstrong Building\, 3420 McTavish\, Room 370\n\nPlease register
  before March 29\, 2019\n\n\nAbout the topic\n\nGreen bonds are bonds whos
 e proceeds are committed to finance environmental and climate-friendly pro
 jects. Since 2013\, issuance of corporate green bonds worldwide has double
 d every year. This is what Morgan Stanley calls the 'green bond boom'. Man
 y commentators (e.g.\, FT 2015) are skeptical about their real impact on t
 he environment. This is because the 'greenness' of bonds is not legally en
 forceable. However\, recent analyses (e.g.\, Flammer 2018) have found evid
 ence that green bonds do work: they improve the environmental performance 
 of issuing firms and increase their value for shareholders. A tentative ex
 planation is that more and more investors are concerned by the environment
 \, and could accept lower yields if they are convinced that their money wi
 ll finance truly green projects. But this channel seems insufficient to ex
 plain the success of green bonds: yield differences between green and clas
 sical bonds are minuscule (only a few basis points). We show that another 
 channel\, which we call the signaling channel\, may be more important.\n\n
 About the speaker\n\nJean-Charles Rochet is Professor of Banking at Univer
 sity of Geneva\, Senior Chair and Head of Research at Swiss Finance Instit
 ute\, and research associate at Zurich University and Toulouse School of E
 conomics. He holds a Ph.D. in mathematical economics from Paris University
 . He has taught at the Toulouse School of Economics\, the London School of
  Economics\, and has visited many universities and central banks all over 
 the world. He was President of the Econometric Society in 2012 and has bee
 n a Fellow of this society since 1995. He has published more than 90 artic
 les in international scientific journals and 7 books\, including “Microeco
 nomics of Banking” (with X. Freixas) MIT Press\, “Balancing the Banks” (wi
 th M. Dewatripont and J. Tirole) and “Why are there so many banking Crises
 ?” Princeton UP. His research interests include banking\, financial stabil
 ity and sustainable finance.\n
DTSTART:20190403T213000Z
DTEND:20190404T000000Z
LOCATION:Room 370\, Donald E. Armstrong Building\, CA\, QC\, Montreal\, H3A
  3L1\, 3420 rue McTavish
SUMMARY:Guest lecture by Dr. Jean-Charles Rochet
URL:/desautels/channels/event/guest-lecture-dr-jean-ch
 arles-rochet-295419
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