By employing data from the China Household Finance Survey spanning from 2011 to 2019, we examine the impact of low interest rate policies on household behavior. Our findings suggest that Chinese households tend to exhibit reaching-for-yield behavior by increasing their allocation of risky assets...

The Securities and Exchange Commission (SEC) sanctioned investor-paid rating agency Egan-Jones for falsely stating that it did not know its clients' investment positions. The SEC's action against Egan-Jones raises the broad question whether knowledge of clients' investment positions creates a...