In Google or Facebook – How can private investors probe into the opaque start-up?
Mircea Epure and Martí Guasch identify the possible mechanisms underneath investors’ assessments of a start-up’s future potential.
Topic Archive: Financial Markets
Running from the spotlight? Bank opacity and financial crises
Joachim Jungherr shows that the socially desirable level of bank transparency trades off market discipline with a stabilizing role of the Hirshleifer effect.
Summer reading: VoxEU Roundup 2
This is the second of two roundups of VoxEU articles written by Barcelona GSE researchers.
Does securities trading by banks crowd out lending?
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Francesc R. Tous find that banks with higher trading expertise increase their investments in securities and decrease their lending during a crisis.
