The purpose of this paper is to revive the historical research on the GDR's savings banks. It argues that socialist banks were interesting intermediary organizations which have so far been largely overlooked by financial, economic, and social historians. Hence, sources produced by the socialist...

The global non-bank sector has experienced significant growth since the global financial crisis, raising concerns that this shift represents a financial stability risk. We consider the drivers of this growth in Sweden: a small, open economy whose non-bank sector has grown rapidly. In contrast...

This paper studies the rapid increase since 2019 of Government of Canada (GoC) debt issuance alongside greater hedge fund participation at GoC bond auctions. We find a systematic relationship between GoC debt stock and hedge fund bidding shares at auction. We attribute this to hedge funds'...