Corporate borrowing has substantially changed over the last two decades. In this article, we
investigate changes in borrowing of US publicly listed firms along trends in five key areas:(a) …

Economic nationalism is on the rise, but at what cost? We study this question using the
unexpected outcome of the Brexit referendum vote as a natural macroeconomic experiment …

Current empirical methods to identify and assess the impact of bank credit supply shocks
rely strictly on multi-bank firms and ignore firms borrowing from only one bank. Yet, these …

Exploiting spatial and time variation, we find that banks geographically more exposed to
lockdown measures experience an increase in loss provisions and non-performing loans …

We propose a text‐based method for measuring the cross‐border propagation of large
shocks at the firm level. We apply this method to estimate the expected costs, benefits, and …

Does investors' political ideology shape international capital allocation? We provide
evidence from two settings—syndicated corporate loans and equity mutual funds—to show …

Exploiting geographic variation in the exposure of US banks to COVID-19 and lockdown
policies we find that banks more exposed to pandemic and lockdown policies show an …

We analyze the distributional effects of macroprudential policy on mortgage cycles by
exploiting the UK mortgage register and a 2014 15% limit imposed on lenders' high loan-to …

This paper investigates the impact of banks' environmental engagement on their future stock
price crash risk. Given the strong commitment of European institutions towards a low carbon …

This paper contributes to the Growth Model (GM) research program in comparative and
international political economy by analyzing the impact of Brexit on London and other …