The global impact of the COVID-19 pandemic has been staggering, with over 4.3 million confirmed cases and over 290,000 deaths reported worldwide. In addition to the public health crisis, the pandemic has caused significant economic disruption, leading to fears of a global recession. The...

The objective of this study is to enhance the understanding of inflation targeting tools, which can aid in the development of effective inflation targeting policies in the context of global trends exposure. The current paradigm of sustainable economic development is being challenged by the...

The dissemination of news reports and communication is inherently constrained by limitations in space, time, and attention. Consequently, news sources often base their decision to share information on the congruence between the signal and the pre-existing beliefs of the audience, leading to a...

German and European banks have demonstrated remarkable resilience amidst episodes of stress within global markets in March 2023. Recent reports indicate a notable increase in bank profits, alongside stable capital and liquidity ratios. Since the global financial crisis, regulatory measures have...

Following a period of subdued consumer price changes, inflation has recently surged to levels that are significantly impacting the behavior of households and firms. Although the underlying sources of inflation differ across major advanced economies, central banks have progressively tightened...

This study presents compelling experimental evidence indicating that the core intertemporal choice anomalies, encompassing extreme short-run impatience, present bias, hyperbolicity, and transitivity violations, are primarily attributable to complexity rather than time or risk preferences....

The efficient functioning of financial markets heavily relies on the seamless flow of information, enabling optimal capital allocation. To safeguard against conflicts of interest that may hinder such information flows, the concept of information governance encompasses a comprehensive framework...

What is the influence of syndicate organization on the duration of a loan syndication process? We answer this question using the survival analysis methodology on a sample of loans to borrowers from 59 countries. We find that syndicate size, concentration, experience, reputation, and national...

What is the influence of syndicate organization on the duration of loan arrangement? I answer this question using the survival analysis methodology on a sample of loans from 59 countries over the 1992-2006 period. I find that syndicate size, concentration, reputation, and national diversity...

When trading, firms choose between different payment contracts. As shown theoretically in Schmidt-Eisenlohr (forthcoming), this allows firms in international trade to optimally trade-off differences in financing costs and enforcement across countries. This paper provides evidence from a large...