The Digital Revolution: Bridging the Information Gap in the Consumer Credit Market

Sumit Agarwal¹, Yonglin Wang², Jian Zhang³

1: National University of Singapore; 2: Lingnan University, Hong Kong S.A.R. (China); 3: The University of Hong Kong, S.A.R. (China)

Digital Payments and Monetary Policy Transmission

Pauline Liang¹, Matheus Sampaio², Sergey Sarkisyan³

1: Graduate School of Business, Stanford University; 2: Kellogg School of Management, Northwestern University; 3: Fisher College of Business, Ohio State University

More Data, More Credit? Information Sharing and Bank Credit to Households

Tamás Briglevics¹, Artashes Karapetyan², Steven Ongena^3,5,7,8,9, Ibolya Schindele^1,4,6

1: Central Bank of Hungary; 2: ESSEC Business School; 3: University of Zurich; 4: Central European University; 5: Swiss Finance Institute; 6: Corvinus University Budapest; 7: KU Leuven; 8: NTNU; 9: CEPR

Intermediary Frictions and the Corporate Credit Cycle: Evidence From CLOs

Quirin Fleckenstein

HEC Paris, France

Investor Flows, Monetary Policy, and Portfolio Management of Money Market Funds

Jay Im, Yi Li, Ashley Wang

Federal Reserve Board, United States of America

Monetary Policy and Fragility in Corporate Bond Mutual Funds

John Chi-Fong Kuong¹, James O'Donovan², Jinyuan Zhang³

1: CUHK Business School; 2: City University of Hong Kong; 3: UCLA Anderson School of Management

Partisanship and Portfolio Choice: Evidence from Mutual Funds

Will Cassidy¹, Blair Vorsatz²

1: Washington University, United States of America; 2: Dodge and Cox

Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing

Li An¹, Shiyang Huang², Dong Lou^3,6, Xudong Wen⁴, Mingxin Xu⁵

1: Tsinghua PBC School of Finance; 2: University of Hong Kong; 3: London School of Economics; 4: Hong Kong University of Science and Technology; 5: CITIC Securities; 6: Centre for Economic Policy Research (CEPR)

Fund Flows and Income Risk of Fund Managers

Xiao Cen¹, Winston Wei Dou^2,4, Leonid Kogan^3,4, Wei Wu¹

1: Texas A&M University; 2: University of Pennsylvania (Wharton); 3: MIT (Sloan); 4: NBER

Banking on Deposit Relationships: Implications for Hold-Up Problems in the Loan Market

Jin Cao^1,2, Emilia Garcia-Appendini^1,3, Cédric Huylebroek^1,4

1: Norges Bank; 2: CESifo; 3: University of Zurich; 4: KU Leuven

Corporate Runs and Credit Reallocation

Filippo De Marco¹, Elena Carletti¹, Vasso Ioannidou², Enrico Sette³

1: Bocconi University, Italy; 2: Bayes Business School, UK; 3: Bank of Italy, Italy

Bank Branch Density and Bank Runs

Efraim Benmelech¹, Jun Yang², Michal Zator²

1: Northwestern University; 2: University of Notre Dame, United States of America

Understanding Rationality and Disagreement in House Price Expectations

Zigang Li¹, Stijn Van Nieuwerburgh², Renxuan Wang³

1: University of Toronto Rotman School of Business, Canada; 2: Columbia University Graduate School of Business, United States of America; 3: CEIBS Shanghai, China

In Search of the Matching Function in the Housing Market

Cristian Badarinza¹, Vimal Balasubramaniam², Tarun Ramadorai³

1: National University of Singapore; 2: Queen Mary University of London, United Kingdom; 3: Imperial College London

Unintended Consequences of QE: Real Estate Prices and Financial Stability

Tobias Berg¹, Rainer Haselmann¹, Thomas Kick², Sebastian Schreiber¹

1: Goethe University, Germany; 2: Deutsche Bundesbank, Germany

Banking Without Branches

Niklas Amberg², Bo Becker^1,3,4,5

1: Stockholm School of Economics, Sweden; 2: Sveriges Riksbank; 3: CEPR; 4: ECGI; 5: Swedish House of Finance

Internal and External Capital Markets of Large Banks

Lina Lu¹, Marco Macchiavelli², Jonathan Wallen³

1: Federal Reserve Bank of Boston; 2: University of Massachusetts, Amherst, United States of America; 3: Harvard Business School

The Making of (Modern) Banks

Zhao Li¹, Kebin Ma², Lucy White³

1: Zhongnan University of Economics and Law, China; 2: University of Warwick, United Kingdom; 3: Boston University, USA

Bank Monitoring with On-Site Inspections

Amanda Rae Heitz^1,2, Christopher Martin¹, Alexander Ufier¹

1: Federal Deposit Insurance Corporation, United States of America; 2: Tulane University

The Information Advantage of Banks: Evidence From Their Private Credit Assessments

Mehdi Beyhaghi¹, Cooper Howes¹, Gregory Weitzner²

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

Screen More, Sell Later: Screening and Dynamic Signaling in the Mortgage Market

Manuel Adelino¹, Bin Wei², Feng Zhao³

1: Fuqua School of Business, Duke University; NBER; CEPR; 2: Research Department, Federal Reserve Bank of Atlanta; 3: University of Texas at Dallas, United States of America

Know Your Customer: Informed Trading by Banks

Rainer Haselmann¹, Christian Leuz², Sebastian Schreiber¹

1: Goethe University Frankfurt, Germany; 2: Chicago Booth

The Value of Private Meetings with Central Bankers

Rainer Haselmann¹, Maik Schmeling¹, Sebastian Schreiber¹, Michael Weber²

1: Goethe University Frankfurt, Germany; 2: Booth School of Business, University of Chicago

Did the Game Stop for Hedge Funds?

Jun Chen³, Byoung-Hyoun Hwang², Melvyn Teo¹

1: Singapore Management University, Singapore; 2: Nanyang Technological University, SIngapore; 3: Renmin University, China

Current Expected Credit Losses and Consumer Loans

Joao Granja, Fabian Nagel

The University of Chicago Booth School of Business

Broken Relationships: De-Risking by Correspondent Banks and International Trade

Lea Borchert¹, Ralph de Haas², Karolin Kirschenmann¹, Alison Schultz³

1: ZEW Mannheim, Germany; 2: EBRD, KU Leuven and CEPR; 3: University of Mannheim and Tax Justice Network

Borrowing Beyond Bounds: How Banks Pass On Regulatory Compliance Costs

Felix Corell¹, Melina Papoutsi²

1: Vrije Universiteit Amsterdam, Netherlands, The; 2: European Central Bank