The coronavirus pandemic has led to unprecedented financial and economic disruptions worldwide. Academic interest in the topic of the COVID-19 outbreak has led to a rapid influx of publications on the subject matter from both Islamic and conventional finance and economic perspectives. This paper...

For central banks, it is crucial to develop and maintain risk identification frameworks that allow them to detect in good time and address potential threats to financial stability with the most appropriate policy tools. This paper reviews the main indicators developed for this purpose by the...

I) House prices rose strongly in advanced economies during the pandemic, breaking with typical post-recession patterns. These developments support domestic demand in the short term but carry risks to the outlook if they reverse. II) Rapid economic recovery, fiscal support and high saving rates...

The world interest rate is a key determinant of borrowing and lending behavior and plays a central role in most open-economy macro/finance models. This paper uses a dynamic factor model to construct a world interest rate based on short run interest rates of over 70 countries. Such a process...

This paper investigates impact of cultural origin on entrepreneurship. Using Swedish registry data on second-generation immigrants and risk appetite measures from the Global Preference Survey (GPS), we investigate whether risk preferences in parents’ home countries affect entrepreneurship. We...

Exploiting 150 million points of purchase by US households, we examine how negative ESG shocks ripple through product market and shape consumption. We show that the sales of affected products drop by an average of 5 - 10%, comparing with that of unaffected products consumed by the same...

Using comprehensive auto loan data from Europe, we document a systematic gap in financing terms between Electric Vehicles (EVs) and non-EVs. Compared with the non-electric models within the same family or series, the electric models are financed with a higher interest rate, a lower loan-to-value...

The field of academic finance has grown and evolved in the 47 years since the Journalof Financial Economics (JFE) began publishing papers. This paper examines detailed dataon the 3,003 papers written by 3,358 different authors published in the JFE over the period1974–2020. Advances in...

We study the returns the venture capital and private equity investment from 221 venture capital and private equity funds that are part of 72 venture capital and private equity firms, 5040 entrepreneurial firms (3826 venture capital and 1214 private equity), and spanning 32 years (1971 - 2003)...

We analyze governance with a dataset on investments of venture capitalists in 3848 portfolio firms in 39 countries from North and South America, Europe and Asia spanning 1971-2003. We find that cross-country differences in Legality have a significant impact on the governance structure of...