Climate change severely challenges our ecosystem and society, affecting urban residents' socioeconomic activities. Thus, assessing severe weather risk is crucial for evaluating urban sustainability; understanding trends, causes, and impacts on socioeconomic development; and supporting the United...

A large number of financial assets are traded in both exchanges and over-the-counter markets (i.e., centralized and decentralized markets, CM and DM hereafter, respectively). Moreover, as documented by Biais and Green (2019), the 20th century has witnessed a secular migration of asset trade from...