. Depending on abatement costs, output price sensitivity, and permit allocation, these effects may vary considerably across … industries and firms. We run an event study of the carbon price crash on April 25, 2006 by examining the daily stock returns for …

Historical narratives typically associate financial crises with credit expansions and asset price misalignments. The … problem, we focus on financial stress and ask whether credit and asset price movements can help predict it. To measure …

This paper makes three contributions to our understanding of the price discovery process in currency markets. First, it … an alternative price discovery process for currencies, centered on inventory management strategies in the interdealer …