Private Debt versus Bank Debt in Corporate Borrowing

Sharjil Haque², Simon Mayer¹, Irina Stefanescu²

¹Carnegie Mellon University; ²Federal Reserve Board of Governors

Discussant: Tatyana Marchuk (Nova School of Business and Economics)

Pricing of Corporate Bonds: Evidence From a Century-Long Cross-Section

Mohammad Ghaderi², Sebastien Plante¹, Nikolai Roussanov³, Sang Byung Seo¹

¹University of Wisconsin-Madison; ²University or Kansas; ³University of Pennsylvania

Discussant: Yoshio Nozawa (University of Toronto)

Collateral Demand in Wholesale Funding Markets

Patrick Coen¹, Jamie Coen², Anne-Caroline Huser³

¹Toulouse School of Economics; ²Imperial College London; ³Bank of England

Discussant: Karamfil Todorov (Bank for International Settlements)

Credit Card Banking

Hyeyoon Jung¹, Itamar Drechsler², Weiyu Peng², Dominik Supera³, Guanyu Zhou²

¹Federal Reserve Bank of New York; ²University of Pennsylvania; ³Columbia University

Discussant: Sheng Huang (China Europe International Business School)

Banks' Risk Exposures and the Zero Lower Bound

Andres Schneider

Federal Reserve Board of Governors

Discussant: Jacelly Cespedes (University of Minnesota)

Keeping Up in the Digital Era: How Mobile Technology Is Reshaping the Banking Sector

Charlotte Haendler

Southern Methodist University

Discussant: Richard Thakor (University of Minnesota)

Fund Investor Attention: Uncovering Fund Links through Revealed Preferences

Thanh Huynh

Monash University

Discussant: Shujing Wang (Tongji University)

Institutional Ownership Concentration and Informational Efficiency

Yan Xiong¹, Liyan Yang², Zexin Zheng³

¹University of Hong Kong; ²University of Toronto; ³Hong Kong University of Science and Technology

Discussant: Jungsuk Han (Seoul National University)

Debt Dictionaries

Jawad M. Addoum¹, Vitaly Meursault², Justin Murfin¹

¹Cornell University; ²Federal Reserve Bank of Philadelphia

Discussant: Hae Lee (Korea University Business School)

How Do Income-Driven Repayment Plans Benefit Student Debt Borrowers?

Sylvain Catherine¹, Mehran Ebrahimian², Constantine Yannelis³

¹University of Pennsylvania; ²Stockholm School of Economics; ³University of Cambridge

Discussant: Tianyue Ruan (National University of Singapore)

Can Nonprofits Save Lives Under Financial Stress? Evidence from the Hospital Industry

Janet Gao¹, Tim Liu², Sara Malik³, Merih Sevilir⁴

¹Georgetown University; ²University of Utah; ³University of Utah; ⁴Halle Institute for Economic Research

Discussant: Jash Jain (Indian School of Business)

The Impact of Finfluencers on Retail Investment

Isaiah Hull¹, Yingjie Qi²

¹BI Norwegian Business School; ²Copenhagen Business School

Discussant: Hyun-Soo Choi (Korea Advanced Institute of Science and Technology)

Up in Smoke: The Impact of Wildfire Pollution on Healthcare Municipal Finance

Luis Lopez¹, Dermot Murphy¹, Nitzan Tzur-Ilan², Sean Wilkoff³

¹University of Illinois Chicago; ²Federal Reserve Bank of Dallas; ³University of Nevada, Reno

Discussant: Qifei Zhu (National University of Singapore)

The Color of Finance: Can Bank Capital Requirements Influence Transition to a Green Economy?

Fenghua Song¹, Anjan Thakor²

¹Pennsylvania State University; ²Washington University in St. Louis

Discussant: Angela Ma (Boston College)

Transaction Costs, the Price of Convenience, and the Cross-Section of Safe Asset Returns

Ragnar Juelsrud¹, Fabienne Schneider², Plamen Nenov^1,3, Olav Syrstad³

¹Norges Bank; ²Bank of Canada; ³BI Norwegian Business School

Discussant: Jonathan Cohn (University of Texas at Austin)

Two Centuries of Systemic Bank Runs

Rustam Jamilov¹, Tobias König², Karsten Müller³, Farzad Saidi²

¹All Souls College; ²University of Bonn; ³National University of Singapore

Discussant: Thomas Flanagan (Ohio State University)

Investor Fragility, Bargaining Power, and Pricing Implications for Short-Term Funding Markets

Yi Li, Sean Tibay, Ashley Wang

Federal Reserve Board of Governors

Discussant: Jonathan Wallen (Harvard University)

CEO Ownership, Risk Management, and Bank Runs at Unlimited Liability Banks during the 1890s

Jennifer Rhee¹, Haelim Anderson², Jaewon Choi³

¹Federal Deposit Insurance Corporation; ²Bank Policy Institute; ³University of Illinois Urbana-Champaign

Discussant: Tianyue Ruan (National University of Singapore)

Voting on Public Goods: Citizens vs. Shareholders

Robin Döttling¹, Doron Levit², Nadya Malenko³, Magdalena Rola-Janicka⁴

¹Erasmus University Rotterdam; ²University of Washington; ³Boston College; ⁴Imperial College London

Discussant: Deeksha Gupta (Johns Hopkins University)

Leaks, Disclosures and Internal Communication

Snehal Banerjee¹, Peicong {Keri} Hu², Taejin Kim³

¹University of Michigan; ²University of Hong Kong; ³Korea University

Discussant: Keeyoung Rhee (Sungkyunkwan University)

Kamikazes in Public Procurements: Bid-Rigging and Real Non-Market Outcomes

Dimas Fazio, Alminas Zaldokas

National University of Singapore, Singapore

Discussant: Kunru Zou (Hong Kong Baptist University)

The Welfare Benefits of Pay-As-You-Go Financing

Paul Gertler¹, Brett Green², Renping Li², David Sraer¹

¹University of California, Berkeley; ²Washington University in St. Louis

Discussant: Dong Beom Choi (Seoul National University)

Small Firm Investment under Uncertainty: The Role of Equity Finance

Muhammad Meki

University of Oxford

Discussant: Angela Ma (Boston College)

Financial Stimulus and Microfinance Institutions in Emerging Markets

Carlos Burga¹, Walter Cuba², Eduardo Díaz², Elmer Sánchez²

¹Pontificia Universidad Católica de Chile; ²Central Reserve Bank of Perú

Discussant: Sean Higgins (Northwestern University)