The Cypriot banking system has suffered a severe blow last Friday night, after the results of the Eurogroup meeting were announced. Life in the banking system is different since Saturday morning: solutions that were feasible until last Friday (e.g. bank resolutions) might not be feasible this...

We find evidence of neglected risk during sovereign debt expansions (DE), by analyzing the sovereign credit market for both crisis and noncrisis Eurozone countries from 2002-2017. We show that whereas DE predicts increased default probability, large DE predict negative future risk premia. Using...

Using a newly-introduced, semester-long, university course on financial education in a country of low financial literacy, we find evidence of financial knowledge spillovers from students to their parents. We measure the financial knowledge score of students and parents, before and after the...