I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...

Eigenfunction and quadrature methods have been extensively used in asset pricing as a forecasting tool. In contrast, their application to systemic risk has been limited. With the advent of high frequency options panels we document a battery of measures that can be used to measure and forecast...

The growing trade conflict with the United States has heightened concerns on the progress of China’s economic rebalancing and restructuring from export-led growth strategy to one propelled by domestic consumption. This article examines the role of exports in China’s economic growth in both...