Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Francesc R. Tous find that banks with higher trading expertise increase their investments in securities and decrease their lending during a crisis.
Albert Marcet talks about the objectives, challenges, and initial findings of his ERC Advanced Grant Project.
Raquel Fernández and Alberto Martín explore the role of debt maturity on the frequency with which a country enters a debt crisis and on the severity of the latter.
Ariadna Dumitrescu and Javier Gil-Bazo explore whether familiarity bias among investors may help shape competition among funds, persistence of fund performance, and fees charged.
Yael Hochberg, Carlos Serrano, and Rosemarie Ziedonis estimate the effect of patent trading activity on the rate of startup lending and the role of venture capital in accessing lending markets.
How does bank size relate to the quality of loans? New work by Hugo Rodríguez Mendizábal presents evidence of a large and opposite relationship in loan quality between large and small banks in the U.S.