Using high-frequency, granular panel data on short-term debt securities issued in Europe, we study the existence, empirical boundaries, and fragility of private assets' safety. We show that only securities with the shortest maturities, issued by banks (certificates of deposit, or CDs), benefit...

In this paper, we identify the period following a Soccer World Cup victory as a period of overwhelming joy for the winning country and we test the impact of a World Cup victory on the demand for Soccer in this country. Our empirical study is based on all matches of the French Soccer First League...