Liquidity

The Unraveling of the Federal Home Loan Banks

The Family Behind the Family Firm Premium: Agency Conflicts and Personal Financial Constraints

The Value of Financial Intermediation: Evidence from Online Debt Crowdfunding

The Federal Reserve and the 2020 Economic and Financial Crisis

Illiquid Owners and Firm Behavior: Financial and Real Effects of the Personal Wealth Tax on Private Firms

The New Mechanisms of Market Inefficiency

Costs and Benefits of Financial Conglomerate Affiliation: Evidence from Hedge Funds

Activism, Strategic Trading, and Liquidity

The Dark Side of Liquidity Creation: Leverage and Systemic Risk

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

Liquidity and Governance

Mandatory IFRS Reporting and Changes in Enforcement

The Twilight Zone: OTC Regulatory Regimes and Market Quality

The Future in Law and Finance

The Value of Control and the Costs of Illiquidity

Why High Leverage is Optimal for Banks