Using 1,584 listed banks from 65 countries during the COVID-19 pandemic, we conduct the first broad-based international study examining the effect of the pandemic on bank systemic risk. We find the pandemic increases systemic risk across countries. The effect operates through government policy...

Workhorse search and matching models assume constant bargaining weights, while recent evidence indicates that weights vary across time and in cross section. We endogenize bargaining weights in a life-cycle search and matching model by replacing a standard Cobb-Douglas (CD) matching function with...

How will the development of digital finance affect corporate tax compliance? In the digital economic age, this is a crucial issue. Using the 2011-2015 national tax survey database (NTSD) and the Peking University digital finance index, this paper examines the causal relationship between digital...