Özlem Akin, Nicholas S. Coleman, Christian Fons-Rosen and José-Luis Peydró use insider trading data to determine whether political connections led to private information flows from regulators to bankers before bank-specific TARP bailout decisions were made public.
Mircea Epure and Martí Guasch identify the possible mechanisms underneath investors’ assessments of a start-up’s future potential.
Joachim Jungherr shows that the socially desirable level of bank transparency trades off market discipline with a stabilizing role of the Hirshleifer effect.
This is the second of two roundups of VoxEU articles written by Barcelona GSE researchers.
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.