The Federal Reserve and the 2020 Economic and Financial Crisis
This Article provides a comprehensive legal analysis of the Federal Reserve’s response to the 2020 economic and financial crisis. First, it examines...
Read moreWorking Paper
COVID-19 and Comparative Corporate Governance
With the pandemic caused by the novel coronavirus SARS-CoV-2 raging around the world, many countries’ economies are at a crucial juncture. The...
Read more
Banning Cassandra from the Market? An Empirical Analysis of Short-Selling Bans during the Covid 19 Crisis
During the recent COVID-19 pandemic crisis, stock markets around the world have witnessed an abrupt decline in security prices and an unprecedented...
Read more
Emergency Measures for Equity Trading: The Case Against Short-Selling Bans and Stock Exchange Shutdowns
After the Covid-19 crisis struck, equity prices abruptly plunged across the world. The clear prospect of an almost unprecedented decrease in supply and...
Read more
Risk Mitigating versus Risk Shifting: Evidence from Banks Security Trading in Crises
We show that risk mitigating incentives dominate risk shifting incentives in fragile banks. Risk shifting could be particularly severe in banking...
Read more
How Shifting from In-Person to Virtual-Only Shareholder Meetings Affects Shareholders’ Voice
Virtual-only shareholder meetings have become dramatically more common following Covid-19. Analysis of transcripts and recordings of in-person...
Read more
Regulatory Suspensions in Times of Crisis: The Challenges of Covid-19 and Thoughts for the Future
The Covid-19 crisis in 2020 severely impacted the corporate and in turn, the financial sectors of the UK, entailing responses from financial regulators...
Read more
Mutual Fund Loyalty and ESG Stock Resilience during the COVID-19 Stock Market Crash
This paper studies the trading behavior of U.S. actively-managed equity mutual funds during the COVID-19 market crash. We show that Environmental,...
Read more
Stress Testing During Times of War
The Covid crisis raises important questions about the role of stress testing during periods of systemic distress. Should stress testing of banks be...
Read more
The Federal Reserve and the Crisis of 2020
This Article provides a comprehensive legal analysis of the Federal Reserve’s response to the 2020 economic and financial crisis. First, it examines...
Read more
Bail-outs and Bail-ins are better than Bankruptcy: A Comparative Assessment of Public Policy Responses to COVID-19 Distress
COVID-19 has severely disrupted the conduct of business around the globe. In jurisdictions that impose one or more ‘lockdowns’, multiple sectors...
Read more
Virtual Shareholder Meetings
We examine determinants and consequences of ‘virtual’ shareholder meetings (VSM). Using a preCovid sample of voluntary VSM adopters, we do not...
Read more