Putting Integrity into Finance: A Purely Positive Approach
The seemingly never ending scandals in the world of finance with their damaging effects on value and human welfare argue strongly for an addition to the...
Read moreThe seemingly never ending scandals in the world of finance with their damaging effects on value and human welfare argue strongly for an addition to the...
Read moreWe investigate why only some banks use regulatory arbitrage. We predict that banks wanting to be riskier than allowed by capital regulations...
Read moreWe address a puzzle whereby lending marketplaces, aimed at directly connecting retail lenders and borrowers, retreat from auctions and take on the role...
Read moreThis discussion paper investigates the differences existing between the Single Point of Entry and the Multiple Point of Entry resolution models and...
Read moreIn this paper we analyse various instances of supervisory centralization either implemented or proposed in Europe in the aftermath of the financial...
Read moreInadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The purpose of the book is to articulate a...
Read moreThis essay discusses the economic case for regulating shadow banking. Focusing on systemic risk, shadow banking is defined as leveraging on collateral...
Read moreShocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate through a complex network of interconnections...
Read moreIPO underwriters have an incentive to underprice IPOs when they allocate IPO shares to their affiliated funds. Using a novel hand-collected dataset, we...
Read moreOrganizational higher purpose is gaining increasing traction in both research and policy discussions about the (desired) role of corporations in...
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