{"id":69159,"date":"2026-04-23T10:00:45","date_gmt":"2026-04-23T10:00:45","guid":{"rendered":"https:\/\/www.iseg.ulisboa.pt\/?post_type=event&#038;p=69159"},"modified":"2026-04-23T10:00:49","modified_gmt":"2026-04-23T10:00:49","slug":"iseg-research-seminars-26-beniamino-pisicoli","status":"publish","type":"event","link":"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/","title":{"rendered":"ISEG Research Seminars \u201926 | Beniamino Pisicoli"},"content":{"rendered":"<p>On Monday,\u00a0<strong>27th April<\/strong>, a session of the ISEG Research Seminars will take place from 13:00-14:00 in the Staples room, Quelhas Building, 3rd floor. The guest speaker will be\u00a0<strong><strong><strong>Beniamino Pisicoli<\/strong><\/strong><\/strong>.<\/p>\n\n\n\n<p><strong>Title<\/strong><\/p>\n\n\n\n<p>Real domestic effects of banks\u2019 cross-border lending<\/p>\n\n\n\n<p><strong>Abstract<\/strong><\/p>\n\n\n\n<p>In this paper we investigate empirically whether having a domestic banking sector that lends more abroad is beneficial for the productivity of the domestic real economy. We investigate this question by using both cross-country \/ cross-sector and within-country \/ cross-firm panel data, thus providing aggregate and micro evidence. The analysis, that comprises the estimation of several OLS, system GMM, local projection and IV models, points to the beneficial role of a higher internationalisation of the domestic banking system on the productivity of the domestic economy. Results emerge both when using cross-country \/ cross-sector data from a panel of European economies, and when adopting a more granular approach by using UK company and bank panel data. This effect is stronger when the domestic banking system lends more to companies in foreign advanced economies, is not limited to exporting companies, and is more pronounced during the early phase of a new banking relationship. In contrast, the inflow of lending from foreign banks does not result in productivity improvements for the domestic real economy.<\/p>","protected":false},"excerpt":{"rendered":"A session of the ISEG Research Seminars will take place on Monday, April 27, from 1:00 p.m. to 2:00 p.m., in the Staples room, Edificio Quelhas, floor 3. The guest speaker will be Beniamino [...]","protected":false},"featured_media":67666,"template":"","topic":[3424],"event_type":[1155],"acf":{"start_date":"2026-04-27 13:00:00","end_date":"2026-04-27 14:00:00","venue":"Sala Staples, Edificio Quelhas, piso 3","location":"","event_type":1155,"topic":[3424]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ISEG Research Seminars \u201926 | Beniamino Pisicoli - ISEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/\",\"name\":\"ISEG Research Seminars \u201926 | Beniamino Pisicoli - ISEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"datePublished\":\"2026-04-23T10:00:45+00:00\",\"dateModified\":\"2026-04-23T10:00:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/#primaryimage\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"contentUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/ISEG_Research_Seminars26_Evento.png\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminars-26-beniamino-pisicoli\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.iseg.ulisboa.pt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ISEG Research Seminars \u201926 | Beniamino Pisicoli\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/\",\"name\":\"ISEG\",\"description\":\"Lisbon School of Economics &amp; 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O orador convidado ser\u00e1\u00a0Beniamino&nbsp;[...]","_links":{"self":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/69159"}],"collection":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/types\/event"}],"version-history":[{"count":0,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/69159\/revisions"}],"acf:term":[{"embeddable":true,"taxonomy":"topic","href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/topic\/3424"},{"embeddable":true,"taxonomy":"event_type","href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event_type\/1155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media\/67666"}],"wp:attachment":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media?parent=69159"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/topic?post=69159"},{"taxonomy":"event_type","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event_type?post=69159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}