We are inviting submissions for a two half-day online workshop on the economics of disclosure, information sharing, and secrecy. We welcome both theoretical and empirical contributions on all aspects of information disclosure (or non-disclosure) in economics, accounting, management science, and...

Upon assuming control of Baoshang Bank, Chinese bank regulators announced that they would eschew bailing out large creditors of this city-level distressed bank in full. This paper investigates the consequences of this unexpected deviation from the long-standing full bailout policy. Employing a...

We examine the effect of regional favoritism on firms’ access to credit. Using firm-level data on a large sample of 29,000 firms covering 48 countries, we investigate the hypothesis that access to credit of firms is higher in the birth regions of national political leaders. We find evidence...

We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

The COVID-19 pandemic has greatly exacerbated the macroeconomic vulnerabilities of low- and middle-income countries. Debt was already high prior to the onset of the pandemic, but now many developing country governments must navigate through record-high public and private debt levels, and rising...

This paper studies how banks compete amid digital disruption and the resulting distributional effect across consumers. Digital disruption increases the geographic coverage of banking services, bringing new entrants to local markets. However, as digital customers shift from branches to digital...

The ageing population and increases in longevity have drawn attention to the management of longevity risk in pension funds, life insurers and health insurers. Governments face the challenge of financing an ageing population with longer life spans and providing an environment conducive to private...

The workshop organizers invite researchers to submit empirical papers covering issues in all areas linking banking and institutions. Possible topics include but are not limited to the following: - political economy of banking - financial stability - institutional underpinnings of financial...