We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

In this paper, we use transaction‐level bank account data from Denmark to study the
dynamics of consumer spending during the COVID‐19 pandemic. We document that …

Norway was the first of ten countries to legislate gender quotas for boards of publicly traded
firms. There is considerable debate and mixed evidence concerning the implications of …

Lending cuts by banks directly affect the firms borrowing from them, but also indirectly
depress economic activity in the regions in which they operate. This paper moves beyond …

Economists both failed to predict the global financial crisis and underestimated its
consequences for the broader economy. Focusing on the second of these failures, this …

We study the relationship between credit expansions, macroeconomic fluctuations, and
financial crises using a novel database on the sectoral distribution of private credit for 117 …

We analyze the distributional effects of monetary policy on income, wealth, and
consumption. We use administrative household‐level data covering the entire population in …

During the 2010s, fertility rates fell across the Nordic region. The onset of these declines
seems linked to the Great Recession of 2008–2009, but their continuation cannot easily be …

Enhancing the energy system's resilience to risks is a pressing need, and green finance
provides inspiration in achieving this goal. Nevertheless, only a limited number of scholars …

The most recent stock market crash occurred in 2015 and caused a huge negative impact on
the household sector. This paper assesses the impact of stock market crash on households' …