We propose a structural framework for the development of system-wide financial stress tests
with multiple interacting contagion, amplification channels and heterogeneous financial …

Financial technology is rapidly changing and shaping financial services and markets. These
changes are considered making the future of finance a digital one. This Handbook analyses …

The processing of retail payments traditionally has been the domain of regulated banks, but
technologically sophisticated players like Venmo, AliPay, Bitcoin, and Ripple, and …

Two secular trends are shaking the foundations of corporate law. On the one hand,
reconcentration of share ownership in the hands of institutional investors is afait accompli …

The Great Depression upended economics orthodoxy. Before the 1930s, economists
typically studied the fiscal decisions of individuals, households, and companies-a field now …

A robotic security guard has run over a toddler in a shopping center and caused him
physical injuries. 1 An Al chatbot has made slanderous comments online targeting a specific …

The banking reforms that followed the financial crisis of 2007–08 led to an increase in UK
banking regulation from almost 400,000 to over 720,000 words, and to concerns about their …

Corporate insiders engage in shadow trading when they use private information pertaining
to their own firm to trade in the shares of economically connected companies. We develop a …

Dual-Class Shares in the Age of Common Ownership Vittoria Battocletti,* Luca Enriques,** and
Alessandro Page 1 Dual-Class Shares in the Age of Common Ownership Vittoria Battocletti …

The financial risk that emerged during the 2008 financial crisis was frequently analogized to
a" contagion," in which the instability of one financial institution led to instability in other …