Alberto Martin, Sergio Mayordomo, and Victoria Vanasco show that private banks have distorted incentives when deciding how to allocate public credit guarantees.
With year-on-year inflation rates reaching 10% in 2022, central banks in Europe and the United States started raising monetary policy rates to ensure price stability. The failure of Silicon Valley Bank (SVB) on March 10, 2023, however, laid bare the financial stability risks from hiking interest rates after a prolonged period of rate cuts. For…
How did COVID-19 affect entrepreneurship and the creation of new businesses? Christoph Albert, Andrea Caggese, Beatriz González, and Victor Martin-Sanchez study the impact of the pandemic and the subsequent recession on new businesses’ dynamics using survey data for Spain.
Javier Gil-Bazo and Juan F. Imbet explore persuasion in social media by asset management firms. They focus on the mutual fund families that manage domestic equity funds in the U.S. to investigate whether the firms use social media to attract investors’ money.