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  The Risk Premium on Balance Sheet Capacity by Anusar Farooqui  Indian Institute of Management Udaipur; McGill University; Columbia University On 25th July, 2017 (Tuesday) at 3:00 PM Venue : Seminar Room (First Floor) Department of Economics, Delhi School of Economics All are cordially invited Abstract We show that exposure to shocks to the balance sheet capacity of US securities broker-dealers carries a significant risk premium. We construct a novel measure of dealer risk appetite and show that it is priced in the cross-section of expected stock excess returns; even after controlling for benchmark risk factors (MKT, SMB, HML, RMW, CMA,

  Poverty and Migration in the Digital Age: Experimental Evidence on Mobile Banking in Bangladesh by Jonathan Morduch  Wagner Graduate School of Public Service, New York University On 27th July, 2017 (Thursday) at 3:00 PM Venue : Seminar Room (First Floor) Department of Economics, Delhi School of Economics All are cordially invited Abstract We experimentally estimate the impacts of mobile banking in a sample of rural households in northern Bangladesh paired to family members working in Dhaka. The treatment substantially increased the adoption and use of mobile banking accounts, which were used actively to send and receive remittances.The rural households receiving remittances