US Interest Rate Surprises and Currency Returns

Juan Antolin-Diaz¹, Gino Cenedese², Shangqi Han², Lucio Sarno³

1: London Business School; 2: Fulcrum Asset Management; 3: University of Cambridge

U.S. Monetary Policy and International Bond Markets

Tobias Adrian¹, Gaston Gelos¹, Nora Lamersdorf², Emanuel Moench²

1: International Monetary Fund, United States of America; 2: Frankfurt School of Finance & Management

Wealth Inequality, Aggregate Risk, and the Equity Term Structure

Harjoat Bhamra, Marco Francischello, Clara Martinez-Toledano

Imperial College Business School, United Kingdom

Short Covering

Jesse Blocher¹, Xi Dong², Matthew Ringgenberg³, Pavel Savor⁴

1: Owen Graduate School of Management, Vanderbilt University, United States of America; 2: Zicklin School of Business, Baruch College - CUNY, United States of America; 3: University of Utah, United States of America, United States of America; 4: Driehaus College of Business, DePaul University, United States of America

Geographic Proximity in Short Selling

Xiaolin Huo¹, Xin Liu¹, Vesa Pursiainen²

1: Renmin University of China; 2: University of St.Gallen and Swiss Finance Institute

Anomalies and Their Short-Sale Costs

Dmitriy Muravyev^2,3, Neil D. Pearson^1,3, Joshua M. Pollet¹

1: University of Illinois at Urbana-Champaign; 2: Michigan State University; 3: Canadian Derivatives Institute

Is the bond market competitive? Evidence from the ECB's asset purchase programme

Johannes Breckenfelder¹, Pierre Collin-Dufresne², Stefano Corradin³

1: European Central Bank, Germany; 2: EPFL; 3: European Central Bank, Germany

Robust Difference-in-differences Analysis when there is a Term Structure

Jiri Woschitz¹, Kjell G. Nyborg^2,3,4

1: BI Norwegian Business School, Norway; 2: University of Zurich; 3: Swiss Finance Institute; 4: CEPR

Shrinking the Term Structure

Damir Filipovic², Markus Pelger¹, Ye Ye¹

1: Stanford, United States of America; 2: EPFL and Swiss Finance Institute

The Shadow Cost of Collateral

Guangqian Pan¹, Zheyao Pan², Kairong Xiao³

1: University of Sydney, Australia; 2: Macquarie University, Australia; 3: Columbia University, United States

Collateral Cycles

Evangelos Benos¹, Gerardo Ferrara², Angelo Ranaldo³

1: University of Nottingham; 2: Bank of England; 3: University of St. Gallen

Bank Information Production Over the Business Cycle

Cooper Howes¹, Gregory Weitzner²

1: Federal Reserve Board, United States of America; 2: McGill University

Financial Frictions and Human Capital Investments

Menaka Hampole

Northwestern University, United States of America

Soft Negotiators or Modest Builders? Why Women Earn Lower Real Estate Returns

Laurent Bach¹, Anastasia Girshina², Paolo Sodini²

1: ESSEC Business School, France; 2: Stockholm School of Economics

Shocking Wealth: The Long-Term Impact of Housing Wealth Taxation

Matthijs Korevaar, Peter Koudijs

Erasmus University Rotterdam, Netherlands, The

Payment Risk and Bank Lending: The Tension between the Monetary and Financing Roles of Deposits

Ye Li¹, Yi Li²

1: University of Washington, United States of America; 2: Federal Reserve Board

Running Out of Time (Deposits): Falling Interest Rates and the Decline of Business Lending, Investment and Firm Creation

Dominik Supera

Columbia Business School, Columbia University

The Impact of Fintech on Banking: Evidence from Banks' Partnering with Zelle

Sheng Huang¹, Bo Jiang², Yajun Xiao³

1: China Europe International Business School, China, People's Republic of; 2: Xi'an Jiaotong-Liverpool University, China, People's Republic of; 3: Xi'an Jiaotong-Liverpool University, China, People's Republic of

Investor Demand, Firm Investment, and Capital Misallocation

Jaewon Choi¹, Xu Tian², Yufeng Wu¹, Mahyar Kargar¹

1: University of Illinois Urbana-Champaign, United States of America; 2: University of Georgia

Search and Pricing in Security Issues Markets

Ioannis Floros², Vladimir Gatchev¹, Ajai Singh¹, Qingh Wang¹

1: University of Central Florida, United States of America; 2: University of Wisconsin-Milwaukee, United States of America

A Model of Informed Intermediation in the Market for Going Public

Aydogan Alti, Jonathan Cohn

University of Texas at Austin, United States of America

Risk Aversion with Nothing to Lose

Stefano Pegoraro

University of Notre Dame, United States of America

Gambling for Redemption or Ripoff, and the Impact of Superpriority

Philip Dybvig¹, Xinyu Hou²

1: Washington University in St. Louis, United States of America; 2: CERF Cambridge Judge Business School, United Kingdom

Short-term debt overhang

Kostas Koufopoulos², Giulio Trigilia¹, Pavel Zryumov¹

1: University of York; 2: University of Rochester

(Don’t) Feed the Mouth that Bites: Trade Credit Strategies among Rival Customers Sharing Suppliers

Kayla Freeman², Jack He², Han Xia³, Liyan Yang¹

1: University of Toronto, Canada; 2: Terry College of Business at the University of Georgia; 3: Naveen Jindal School of Management at the University of Texas at Dallas

Underwriter competition and institutional loan pricing

Will Liu¹, Zheng Sun², Chenyu Xiong¹, Qifei Zhu³

1: Department of Economics and Finance, City University of Hong Kong; 2: Paul Merage School of Business, University of California at Irvine; 3: Nanyang Business School, Nanyang Technological University

Financial Shocks, Productivity, and Prices

Simone Lenzu¹, David Rivers², Joris Tielens³

1: NYU Stern School of Business, United States of America; 2: University of Western Ontraio; 3: National Bank of Belgium

Missing Financial Data

Svetlana Bryzgalova^1,5, Sven Lerner², Martin Lettau², Markus Pelger^3,4,5

1: London Business School, United Kingdom; 2: Stanford University; 3: Berkeley Haas; 4: NBER; 5: CEPR

When do cross-sectional asset pricing factors span the stochastic discount factor?

Serhiy Kozak¹, Stefan Nagel²

1: University of Maryland, United States of America; 2: University of Chicago, United States of America

Non-Standard Errors in Portfolio Sorts

Dominik Walter¹, Rüdiger Weber^1,2, Patrick Weiss^2,3

1: Vienna Graduate School of Finance, Austria; 2: Vienna University of Economics and Business, Austria; 3: Reykjavik University, Iceland

Safe Asset Scarcity and Monetary Policy Transmission

Benoit Nguyen¹, Davide Tomio², Miklos Vari¹

1: Banque de France; 2: University of Virginia - Darden School of Business

Monetary Policy and Financial Stability

Joao Gomes, Sergey Sarkisyan

Wharton School, United States of America

Can the Fed Control Inflation? Stock Market Implications

Daniel Andrei¹, Michael Hasler²

1: McGill University, Canada; 2: University of Texas at Dallas, United States of America

Breaking the Correlation between Corporate Bonds and Stocks: The Role of Asset Variance

Alexandre Jeanneret¹, Alexander Dickerson², Philippe Mueller², Mathieu Fournier¹

1: University of New South Wales, Australia; 2: Warwick Business School

Pushing Bonds Over the Edge: Monetary Policy and Municipal Bond Liquidity

John Bagley¹, Stefan Gissler², Kent Hiteshew³, Ivan Ivanov⁴

1: MSRB; 2: Federal Reserve Board; 3: Affiliation not Provided; 4: FRB Chicago

Implementable Corporate Bond Portfolios

Giorgio Ottonello¹, Maximilian Bredendiek², Rossen Valkanov³

1: Nova School of Business and Economics, Portugal; 2: Independent; 3: Rady School of Management, University of California San Diego

``Crime and Punishment"? How Banks Anticipate and Propagate Global Financial Sanctions

Mikhail Mamonov¹, Anna Pestova¹, Steven Ongena²

1: CERGE-EI; 2: University of Zurich

Tax Evasion and Information Production: Evidence from the FATCA

Si Cheng¹, Massimo Massa², Hong Zhang³

1: Syracuse University; 2: INSEAD; 3: Singapore Management University

The Political Economy of Financial Regulation

Rainer Haselmann¹, Arkodipta Sarkar², Shikhar Singla^1,4, Vikrant Vig^3,4

1: Goethe University Frankfurt, Germany; 2: National University of Singapore; 3: Northwestern, Kellog; 4: London Buisness School

HFTs and Dealer Banks: Liquidity and Price Discovery in FX Trading

Wenqian Huang¹, Peter O'Neill², Angelo Ranaldo³, Shihao Yu⁴

1: Bank for International Settlements; 2: University of New South Wales; 3: University of St. Gallen; 4: Vrije Universiteit Amsterdam

Algorithmic Pricing and Liquidity in Securities Markets

Jean-Edouard Colliard, Thierry Foucault, Stefano Lovo

HEC Paris, France

Relationship Discounts in Corporate Bond Trading

Simon Jurkatis², Andreas Schrimpf¹, Karamfil Todorov¹, Nick Vause²

1: Bank for International Settlements, Switzerland; 2: Bank of England

Gender, performance, and promotion in the labor market for commercial bankers

Marco Ceccarelli¹, Chistoph Herpfer², Steven Ongena^3,4,5,6,7

1: VU Amsterdam; 2: Emory University, Goizueta Business School; 3: University of Zurich; 4: Swiss Finance Institute; 5: KU Leuven; 6: NTNU; 7: CEPR

Crime and Punishment on Wall Street: Gender Stigmata in SEC Enforcements

Terrence Hendershott¹, Dmitry Livdan¹, Norman Schuerhoff²

1: UC Berkeley; 2: SFI at University of Lausanne, Switzerland

Fintech and Gender Discrimination

Yongqiang Chu¹, Chunxing Sun², Bohui Zhang³, Daxuan Zhao²

1: UNC Charlotte, United States of America; 2: Renmin University; 3: CUHK Shenzhen

Optimal Managerial Authority

Joanne Chen

Boston University, United States of America

Covenant removal in corporate bonds

Carsten Bienz¹, Zsuzsanna Fluck², Karin S Thorburn¹

1: Norwegian School of Economics, Norway; 2: Michigan State University, USA

Delegated Blocks

Amil Dasgupta¹, Richmond Mathews²

1: London School of Economics, United Kingdom; 2: University of Maryland, United States of America

Political Attitudes, Partisanship, and Merger Activity

Ran Duchin¹, Abed El Karim Farroukh², Jarrad Harford³, Tarun Patel⁴

1: Boston College, United States of America; 2: Indiana University, United States of America; 3: University of Washington, United States of America; 4: Southern Methodist University, United States of America

The Rise of Anti-Activist Poison Pills

Ofer Eldar¹, Tanja Kirmse², Michael Wittry³

1: Duke University; 2: Drexel University; 3: Ohio State University

Competitive approaches in mergers and acquisitions

Tina Oreski

ESCP Business School

Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution

Ran Duchin², Janet Gao³, Qiping Xu¹

1: University of Illinois Urbana Champaign, United States of America; 2: Boston College; 3: Georgetown University

Too Levered for Pigou: Carbon Pricing, Financial Constraints and Leverage Regulation

Robin Döttling¹, Magdalena Rola-Janicka²

1: Erasmus University Rotterdam; 2: Tilburg University

Dynamic Carbon Emission Management

Maria Cecilia Bustamante¹, Francesca Zucchi²

1: University of Maryland; 2: European Central Bank, Germany