Interest rate risk, prepayment risk, and banks’ securitization of mortgages
Unlike traditional banks that used to hold loans until they matured or were paid off, modern banks prefer...
When green meets green: Environmental risk-pricing by banks
Climate change is threatening the future of the globe. Extreme weather conditions have attracted the interest of policy...
Trade, financial development, and inequality: Evidence from US railroads in the 19th century
Recent decades have been characterized by a high degree of trade integration, accompanied by increases in both income...