Publications

Skating on Thin Ice: New Evidence on Financial Fragility

Jasmira T. E. Wiersma, Rob J. M. Alessie, Adriaan S. Kalwij, Annamaria Lusardi, Maarten C. J. van Rooij

Journal of Consumer Affairs June242025

A Q-Theory of Banks

Juliane Begenau, Saki Bigio, Jeremy Majerovitz, Matias Vieyra

The Review of Economic Studies June92025

Continuous-Time Random Matching

Darrell Duffie, Lei Qiao, Yeneng Sun

Annals of Applied Probability June12025 Vol. 35 Issue 3 Pages 1755–1790.

Employee-Related Liabilities in Restructuring

Mike Harmon

AIRA Journal June2025 Vol. 38 Issue 1 Pages 20–25.

Investing in Lending Technology: IT Spending in Banking

Zhiguo He, Sheila Jiang, Douglas Xu, Xiao Yin

Management Science June2025

A Fractional Solution to a Stock Market Mystery

Robert P. Bartlett, Justin McCrary, Maureen O’Hara

Financial Analysts Journall May212025 Vol. 81 Issue 3 Pages 5–26.

Currency Development through Liquidity Provision

Antonio Coppola, Arvind Krishnamurthy, Chenzi Xu

American Economic Association Papers and Proceedings May2025 Vol. 115 Pages 599–604.

The Political Economy of Geoeconomic Power

Christopher Clayton, Matteo Maggiori, Jesse Schreger

American Economic Association Papers and Proceedings May2025 Vol. 115 Pages 588–92.

Exorbitant Privilege Gained and Lost: Fiscal Implications

Zefeng Chen, Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Xiaolan

Journal of Political Economy April162025 Vol. 133 Issue 10

Customer Data Access and Fintech Entry: Early Evidence from Open Banking

Tania Babina, Saleem Bahaj, Greg Buchak, Filippo De Marco, Angus Foulis, Will Gornall, Francesco Mazzola, Tong Yu

Journal of Financial Economics April2025 Vol. 169

Evaluating the Effects of a Low-Cost, Online Financial Education Program

Robert L. Clark, Chuanhao Lin, Annamaria Lusardi, Olivia S. Mitchell, Andrea Sticha

Journal of Economic Behavior & Organization April2025 Vol. 232

The Value of Privacy and the Choice of Limited Partners by Venture Capitalists

Rustam Abuzov, Will Gornall, Ilya A. Strebulaev

Journal of Financial Economics April2025 Vol. 169

Valuation and Long-Term Growth Expectations

Angel Tengulov, Josef Zechner, Jeffrey Zwiebel

Journal of Financial and Quantitative Analysis April2025 Pages 1–38.

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

Arvind Krishnamurthy, Wenhao Li

Journal of Political Economy March2025 Vol. 133 Issue 3

How Credit Cycles Across a Financial Crisis

Arvind Krishnamurthy, Tyler Muir

Journal of Finance March2025

In Safe Hands: The Financial and Real Impact of Investor Composition Over the Credit Cycle

Antonio Coppola

The Review of Financial Studies March2025 Vol. 38 Issue 8 Pages 2275–325.

In Safe Hands: The Financial and Real Impact of Investor Composition Over the Credit Cycle

Antonio Coppola

The Review of Financial Studies March2025 Vol. 38 Issue 8 Pages 2275–325.

Internationalizing Like China

Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger

American Economic Review March2025 Vol. 115 Issue 3 Pages 864–902.

The Artificially Intelligent Boardroom

David F. Larcker, Amit Seru, Brian Tayan, Laurie Yoler

Stanford Closer Look Series Corporate Governance Research Initiative March2025

The Decline of Too Big to Fail

Antje Berndt, Darrell Duffie, Yichao Zhu

American Economic Review March2025 Vol. 115 Issue 3 Pages 945–974.