Matt Stoller discusses the current ideological shift in antitrust law, relating it to lax enforcement of antitrust and the resulting radical concentration of corporate power over the last forty years. Such power now manifests itself as overt authoritarianism and right-wing nationalism worldwide,...

In the middle of last century, policymakers and the courts came to accept the “Chicago school” interpretation of antitrust: unless it is demonstrated that consumers are being harmed, government should not intervene in firm concentration. Recently, some commentators have charged that this...

Banks play a special role as providers of informative signals about the quality and value of their borrowers. Such signals, however, may have a quality of their own as the banks' selection and monitoring abilities may differ. Using an event study methodology, we study the importance of the...

The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during the two last decades with estimated two-day cumulative abnormal returns slipping from almost 200 basis points in the beginning of the 1980s to close to zero by the turn of the...

Banks play a special role as providers of informative signals about the quality and value of their borrowers. Such signals, however, may have a quality of their own as the banks’ selection and monitoring abilities may differ. Using an event study methodology, we study the importance of the...