News and Commentary
Allan Malz reviews The Rise of Carry for Cato Journal; the book uses the carry trade to analyze how monetary policy can encourage excessive leverage.
Jennifer Schulp sees market stabilization and expanded access resulting from unconventional retail investor strategies in Cato commentary.
In VoxEU columns:
Yotam Margalit and Moses Shayo detail their study of English adults whose socio-political outlook was shifted by investment engagement.
Hans Degryse, Mike Mariathasan, and Thi Hien Tang describe the negative effect of global systemically important bank designation on bank’s syndicated loan lending.
David Baqaee, Emmanuel Farhi, Kunal Sangani argue that total factor productivity depends on recourse allocation across firms, disputing the traditional technology based model.
Mattia Bevilacqua et al. consider central bank responses to COVID-19, noting the potential for commonly overlooked long-term risk induction.
The post-financial crisis ‘too-big-to-fail’ framework increased the importance of profitable banks and decreased that of unprofitable ones find Tirupam Goel, Ulf Lewrick, and Aakriti Mathur in a Bank for International Settlements paper.