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2025 - Volume 57, Issue 8

2025 - Volume 57, Issue 8

Outsourcing Bank Loan Screening: The Economics of Third-Party Loan Guarantees

CHENYU SHAN,  DRAGON YONGJUN TANG,  WENYA WANG


Does Regulation Only Bite the Less Profitable? Evidence from the Too-Big-To-Fail Reforms

TIRUPAM GOEL,  ULF LEWRICK,  AAKRITI MATHUR


Do Foreign Yield Curves Predict U.S. Recessions and GDP Growth?

RASHAD AHMED,  MENZIE D. CHINN


The Interaction between Credit Constraints and Uncertainty Shocks

PRATITI CHATTERJEE,  DAVID GUNAWAN,  ROBERT KOHN


Household Income, Portfolio Choice, and Heterogeneous Consumption Responses to Monetary Policy Shocks

FUMITAKA NAKAMURA


Asymmetric Effects of Monetary Policy on Firms


Investor Sentiment, Managerial Manipulation, and Stock Returns

JIAJUN JIANG,  QI LIU,  BO SUN


The Effects of an Aging Population on the Structure of Bank Assets and Liabilities

PANAGIOTIS AVRAMIDIS,  GEORGE G. PENNACCHI


Political Uncertainty and the Geographic Allocation of Credit: Evidence from Small Businesses

GERALDO CERQUEIRO,  ANA MÃO-DE-FERRO,  MARÍA FABIANA PENAS


Does Dividend Policy Lead the Economy?