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Andrei Shleifer

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Sendhil Mullainathan & Joshua Schwartzstein & Andrei Shleifer, 2008. "Coarse Thinking and Persuasion," The Quarterly Journal of Economics, Oxford University Press, vol. 123(2), pages 577-619.

    Mentioned in:

    1. Stealing Wheelbarrows
      by Liam Delaney in Geary Behaviour Centre on 2010-09-18 21:24:00
  2. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2010. "Regulation and Distrust," Sciences Po publications info:hdl:2441/4km7l02j139, Sciences Po.

    Mentioned in:

    1. Regulation and Distrust
      by Inaki Villanueva in Applied economist on 2016-04-27 19:54:00
    2. Links 1/2/2011
      by Liam Delaney in Geary Behaviour Centre on 2011-02-01 21:43:00
    3. Regulation, distrust, morale, intrinsic and extrinsic motivation
      by Nicholas Gruen in Club Troppo on 2009-01-19 09:49:08
  3. Edward L. Glaeser & Andrei Shleifer, 2001. "A Case for Quantity Regulation," NBER Working Papers 8184, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Externalities, rules and prices
      by Jim in Our Word is Our Weapon on 2008-03-05 16:48:23
  4. Florencio Lopez-de-Silanes & Andrei Shleifer & Robert Vishny, 1997. "Privatization in the United States," RAND Journal of Economics, The RAND Corporation, vol. 28(3), pages 447-471, Autumn.

    Mentioned in:

    1. When Privatization Increases Public Spending
      by Edward L. Glaeser in Economix on 2010-11-09 12:00:00
  5. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1993. "Why Is Rent-Seeking So Costly to Growth?," American Economic Review, American Economic Association, vol. 83(2), pages 409-414, May.

    Mentioned in:

    1. Rent-Seeking and Innovation
      by Inaki Villanueva in Applied economist on 2012-01-25 17:54:00
  6. De Long, J Bradford & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann, 1990. "Noise Trader Risk in Financial Markets," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 703-738, August.

    Mentioned in:

    1. Twitter peut-il prédire l’évolution des marchés financiers ?
      by Thomas Renault in Contrepoints on 2015-08-02 10:00:12
  7. Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "Do Institutions Cause Growth?," Journal of Economic Growth, Springer, vol. 9(3), pages 271-303, September.

    Mentioned in:

    1. Le rôle du capital humain dans la révolution industrielle
      by ? in D'un champ l'autre on 2014-06-21 23:43:00
    2. The Skeptics Guide to Institutions – Part 1
      by dvollrath in The Growth Economics Blog on 2014-11-18 23:28:44
  8. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2010. "Regulation and Distrust," The Quarterly Journal of Economics, Oxford University Press, vol. 125(3), pages 1015-1049.

    Mentioned in:

    1. Regulation and Distrust
      by Inaki Villanueva in Applied economist on 2016-04-27 19:54:00
    2. Links 1/2/2011
      by Liam Delaney in Geary Behaviour Centre on 2011-02-01 21:43:00
    3. Regulation, distrust, morale, intrinsic and extrinsic motivation
      by Nicholas Gruen in Club Troppo on 2009-01-19 09:49:08
  9. Alberto Chong & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2012. "Letter Grading Government Efficiency," NBER Working Papers 18268, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Public service efficiency: Going postal
      by Eric Crampton in Offsetting Behaviour on 2014-12-23 00:00:00
  10. Shleifer, Andrei & Summers, Lawrence H, 1990. "The Noise Trader Approach to Finance," Journal of Economic Perspectives, American Economic Association, vol. 4(2), pages 19-33, Spring.

    Mentioned in:

    1. China's stock market boom and bust
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2015-07-06 16:23:21
  11. Simon Johnson & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1999. "Tunnelling," Harvard Institute of Economic Research Working Papers 1887, Harvard - Institute of Economic Research.
    • Simon Johnson & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2000. "Tunnelling," NBER Working Papers 7523, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Inefficient and unfair
      by chris dillow in Stumbling and Mumbling on 2012-01-21 18:53:52
    2. Shares in people
      by chris dillow in Stumbling and Mumbling on 2008-01-25 17:14:10
  12. Kevin M. Murphy & Andrei Shleifer & Robert Vishny, 1989. "Income Distribution, Market Size, and Industrialization," The Quarterly Journal of Economics, Oxford University Press, vol. 104(3), pages 537-564.

    Mentioned in:

    1. Progressive Social Goals and Economic Growth
      by dvollrath in The Growth Economics Blog on 2015-10-23 20:36:33
  13. Glaeser, Edward L & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1992. "Growth in Cities," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1126-1152, December.
    • Glaeser, Edward Ludwig & Kallal, Hedi D. & Scheinkman, Jose A. & Shleifer, Andrei, 1992. "Growth in Cities," Scholarly Articles 3451309, Harvard University Department of Economics.
    • Edward L. Glaeser & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1991. "Growth in Cities," NBER Working Papers 3787, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The Growth of Cities: A Formal Model
      by Peter Klein in Organizations and Markets on 2007-04-24 07:10:07
    2. Ed Glaeser's "Triumph of the City" is Published!
      by Matthew E. Kahn in Environmental and Urban Economics on 2011-02-10 21:15:00

    Mentioned in:

    1. Employment in France Declines in the Face of Retail Regulation
      by Matthew Kahn in Environmental and Urban Economics on 2016-06-09 19:37:00
    2. Why is California Housing 4 Times as Expensive as Alabama Housing? Supply or Demand Revisited
      by Matthew Kahn in Environmental and Urban Economics on 2017-07-18 19:50:00
    3. H-Index for Journals
      by Francis Diebold in No Hesitations on 2018-03-08 17:47:00
  14. Andrei Shleifer & Robert Vishny, 1992. "Pervasive Shortages under Socialism," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 237-246, Summer.

    Mentioned in:

    1. Schumpeterian Competition and Economic Growth
      by Peter Klein in Organizations and Markets on 2007-01-24 01:37:03
  15. Andrei Shleifer, 1998. "State Versus Private Ownership," Harvard Institute of Economic Research Working Papers 1841, Harvard - Institute of Economic Research.

    Mentioned in:

    1. Prison economic illiteracy
      by Eric Crampton in Offsetting Behaviour on 2012-03-19 05:00:00
    2. Prison cost minimization
      by Eric Crampton in Offsetting Behaviour on 2011-08-10 02:34:00
  16. Rafael La Porta & Andrei Shleifer, 2014. "Informality and Development," NBER Working Papers 20205, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Cinq faits stylisés sur l’économie informelle
      by ? in D'un champ l'autre on 2014-06-13 00:26:00
  17. Edward Glaeser & Wei Huang & Yueran Ma & Andrei Shleifer, 2016. "A Real Estate Boom with Chinese Characteristics," NBER Working Papers 22789, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. China: Deleveraging is Hard to Do
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-07-10 17:37:23
  18. Shleifer, Andrei & Vishny, Robert W, 1997. " The Limits of Arbitrage," Journal of Finance, American Finance Association, vol. 52(1), pages 35-55, March.

    Mentioned in:

    1. Le caractère du phylactère
      by Benjamin Ting in Economiam on 2013-08-09 23:18:00
    2. Rewriting the textbook: covered interest parity
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-10-17 17:50:11
    3. Bubble, Bubble, Toil and Trouble: What's a policymaker to do?
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-06-09 19:10:49
  19. Sendhil Mullainathan & Andrei Shleifer, 2005. "The Market for News," American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.

    Mentioned in:

    1. Stealing Wheelbarrows
      by Liam Delaney in Geary Behaviour Centre on 2010-09-18 21:24:00
  20. Rafael La Porta & Andrei Shleifer, 2008. "The Unofficial Economy and Economic Development," NBER Working Papers 14520, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The Work Of The World’s Poor
      by ? in The Dish on 2013-07-11 03:37:00
    2. Africa’s Structural Transformation Challenge
      by Dani Rodrik in Project Syndicate on 2013-12-12 16:00:00
    3. Bob Diamond v Dani Rodrik on Africa’s growth prospects
      by Duncan in From Poverty to Power on 2013-12-18 13:30:15
    4. Africa’s Entrepreneurs Can’t Be Restrained by Fear of Failure
      by Bryan Mezue in HBR Blog Network on 2014-01-09 19:00:16
  21. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.

    Mentioned in:

    1. They say academic papers are boring. They obviously haven’t read these.
      by Johan Fourie in Johan Fourie's Blog on 2014-06-04 13:10:07
  22. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2009. "Regulation and Distrust," NBER Working Papers 14648, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Regulation and Distrust
      by Inaki Villanueva in Applied economist on 2016-04-27 19:54:00
    2. Links 1/2/2011
      by Liam Delaney in Geary Behaviour Centre on 2011-02-01 21:43:00
    3. Regulation, distrust, morale, intrinsic and extrinsic motivation
      by Nicholas Gruen in Club Troppo on 2009-01-19 09:49:08
  23. Nicholas Barberis & Andrei Shleifer & Robert W. Vishny, 1997. "A Model of Investor Sentiment," NBER Working Papers 5926, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Momentum Redux
      by quantivity in Quantivity on 2011-06-19 09:14:45
  24. J. Bradford De Long & Andrei Shleifer, "undated". "The Stock Market Bubble of 1929: Evidence from Closed-End Funds," J. Bradford De Long's Working Papers _120, University of California at Berkeley, Economics Department.

    Mentioned in:

    1. Sometimes, I get a good feeling
      by Benjamin Ting in Economiam on 2013-09-17 05:59:00

    Mentioned in:

    1. Articles for Journal Clubs
      by Liam Delaney in Geary Behaviour Centre on 2010-06-22 22:50:00
    2. A Quick Summary of My Published Work in 2017
      by Matthew Kahn in Environmental and Urban Economics on 2017-12-20 19:39:00
    3. The Dynamics of the Marginal Cost of Reducing Air Pollution in Beijing, China
      by Matthew Kahn in Environmental and Urban Economics on 2018-01-15 22:09:00
    4. H-Index for Journals
      by Francis Diebold in No Hesitations on 2018-03-08 17:47:00
  25. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 503-530.

    Mentioned in:

    1. Le risorse per la crescita
      by lippi1968 in Noise from Amerika on 2012-07-02 03:12:38
  26. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1994. "Voucher privatization," Journal of Financial Economics, Elsevier, vol. 35(2), pages 249-266, April.

    Mentioned in:

    1. Но нет, никто не гибнет зря
      by (author unknown) in ДНЕВНИК ЭКОНОМИСТА on 2011-04-07 11:04:02
  27. Andrei Shleifer & Robert Vishny, 2011. "Fire Sales in Finance and Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 29-48, Winter.

    Mentioned in:

    1. A Primer on Bank Capital
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-11-03 19:22:53
  28. Juan C. Botero & Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "The Regulation of Labor," The Quarterly Journal of Economics, Oxford University Press, vol. 119(4), pages 1339-1382.

    Mentioned in:

    1. Labor regulations
      by Masa in Devecondata on 2009-11-27 22:39:00
  29. Andrei Shleifer & Robert W. Vishny, 1995. "The Limits of Arbitrage," NBER Working Papers 5167, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Le caractère du phylactère
      by Benjamin Ting in Economiam on 2013-08-09 23:18:00
    2. Rewriting the textbook: covered interest parity
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-10-17 17:50:11
    3. Bubble, Bubble, Toil and Trouble: What's a policymaker to do?
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-06-09 19:10:49
  30. Edward L. Glaeser & Andrei Shleifer, 2002. "The Curley Effect," NBER Working Papers 8942, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Local Government Financing
      by Eric Crampton in Offsetting Behaviour on 2014-04-11 02:08:00
  31. J. Bradford De Long & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann, 1989. "The Size and Incidence of the Losses from Noise Trading," NBER Working Papers 2875, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The Ambiguity of Stock Value
      by Guest Author in the big picture on 2010-12-28 20:30:00
    2. Why It's So Difficult To Call The Market Top
      by Tyler Durden in Zero Hedge on 2017-06-29 17:23:39
  32. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Financial Innovation and Financial Fragility," Working Papers 2010.114, Fondazione Eni Enrico Mattei.

    Mentioned in:

    1. The Regulatory Counterintelligence Agency
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-03-14 16:34:13
  33. Author Profile
    1. Još o kandidatima za Nobel
      by cronomy in Cronomy on 2008-10-05 11:44:03
    2. Stealing Wheelbarrows
      by Liam Delaney in Geary Behaviour Centre on 2010-09-18 21:24:00

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Kevin M. Murphy & Andrei Shleifer & Robert Vishny, 1988. "Income Distribution, Market Size, and Industrialization," NBER Working Papers 2709, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. > Macroeconomics > Economic Growth > Population and Growth

Wikipedia mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.

    Mentioned in:

    1. The Quality of Government (JLEO 1999) in ReplicationWiki ()
  2. Yann Algan & Pierre Cahuc & Andrei Shleifer, 2013. "Teaching Practices and Social Capital," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 189-210, July.

    Mentioned in:

    1. Teaching Practices and Social Capital (AEJ:AE 2013) in ReplicationWiki ()
  3. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1985. "The Strategic Bequest Motive," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1045-1076, December.

    Mentioned in:

    1. The Strategic Bequest Motive (JPE 1985) in ReplicationWiki ()
  4. Lakonishok, Josef, et al, 1991. "Window Dressing by Pension Fund Managers," American Economic Review, American Economic Association, vol. 81(2), pages 227-231, May.

    Mentioned in:

    1. Näyteikkunan koristelu (rahoitusmarkkinat) in Wikipedia (Finnish)
  5. Aron Balas & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2009. "The Divergence of Legal Procedures," American Economic Journal: Economic Policy, American Economic Association, vol. 1(2), pages 138-162, August.

    Mentioned in:

    1. The Divergence of Legal Procedures (AEJ:EP 2009) in ReplicationWiki ()
  6. Simeon Djankov & Oliver Hart & Caralee McLiesh & Andrei Shleifer, 2008. "Debt Enforcement around the World," Journal of Political Economy, University of Chicago Press, vol. 116(6), pages 1105-1149, December.

    Mentioned in:

    1. Debt Enforcement around the World (JPE 2008) in ReplicationWiki ()
  7. Simeon Djankov & Tim Ganser & Caralee McLiesh & Rita Ramalho & Andrei Shleifer, 2010. "The Effect of Corporate Taxes on Investment and Entrepreneurship," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(3), pages 31-64, July.

    Mentioned in:

    1. Simeon Djankov in Wikipedia (English)
    2. The Effect of Corporate Taxes on Investment and Entrepreneurship (AEJ:MA 2010) in ReplicationWiki ()
  8. Nicola Gennaioli & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2013. "Human Capital and Regional Development," The Quarterly Journal of Economics, Oxford University Press, vol. 128(1), pages 105-164.

    Mentioned in:

    1. Human Capital and Regional Development (QJE 2013) in ReplicationWiki ()
  9. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2010. "Disclosure by Politicians," American Economic Journal: Applied Economics, American Economic Association, vol. 2(2), pages 179-209, April.

    Mentioned in:

    1. Disclosure by Politicians (AEJ:AE 2010) in ReplicationWiki ()
  10. Rafael La Porta & Florencio Lopez-de-Silanes & Cristian Pop-Eleches & Andrei Shleifer, 2004. "Judicial Checks and Balances," Journal of Political Economy, University of Chicago Press, vol. 112(2), pages 445-470, April.

    Mentioned in:

    1. Judicial Checks and Balances (JPE 2004) in ReplicationWiki ()
  11. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002. "Government Ownership of Banks," Journal of Finance, American Finance Association, vol. 57(1), pages 265-301, February.

    Mentioned in:

    1. Estatització in Wikipedia (Catalan)

    Mentioned in:

    1. Journal of Economic Perspectives in Wikipedia (French)
  12. Author Profile
    1. آندره شلیفر in Wikipedia (Persian)
    2. アンドレ・シュライファー in Wikipedia (Japanese)
    3. Andrei Shleifer in Wikipedia (French)

Working papers

  1. Robin Greenwood & Andrei Shleifer & Yang You, 2017. "Bubbles for Fama," NBER Working Papers 23191, National Bureau of Economic Research, Inc.

    Cited by:

    1. Daniel Andrei & Bruce I. Carlin, 2017. "Asset Pricing in the Quest for the New El Dorado," NBER Working Papers 23455, National Bureau of Economic Research, Inc.

  2. Edward L. Glaeser & Giacomo A.M. Ponzetto & Andrei Shleifer, 2016. "Securing Property Rights," NBER Working Papers 22701, National Bureau of Economic Research, Inc.

    Cited by:

    1. Edward L. Glaeser & Wentao Xiong, 2017. "Urban Productivity in the Developing World," NBER Working Papers 23279, National Bureau of Economic Research, Inc.
    2. Catherine Boone, 2017. "Legal empowerment of the poor through property rights reform: Tensions and trade-offs of land registration and titling in sub-Saharan Africa," WIDER Working Paper Series 037, World Institute for Development Economic Research (UNU-WIDER).
    3. Hans-Bernd Schäfer & Ram Singh, 2017. "Takings of Land by Self-interested Governments Economic Analysis of Eminent Domain," Working papers 281, Centre for Development Economics, Delhi School of Economics.
    4. Zhang, Qiong & Shi, Yupeng & He, Angda & Wen, Xueting, 2017. "Property rights security and firm survival: Micro-data evidence from China," China Economic Review, Elsevier, vol. 44(C), pages 296-310.

  3. Nicholas Barberis & Robin Greenwood & Lawrence Jin & Andrei Shleifer, 2016. "Extrapolation and Bubbles," NBER Working Papers 21944, National Bureau of Economic Research, Inc.

    Cited by:

    1. Robin Greenwood & Andrei Shleifer & Yang You, 2017. "Bubbles for Fama," NBER Working Papers 23191, National Bureau of Economic Research, Inc.
    2. Bailey, Michael & Cao, Ruiqing & Kuchler, Theresa & Ströbel, Johannes, 2016. "Social Networks and Housing Markets," CEPR Discussion Papers 11272, C.E.P.R. Discussion Papers.
    3. Saadi, Vahid, 2016. "Mortgage supply and the US housing boom: The role of the Community Reinvestment Act," SAFE Working Paper Series 155, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    4. Baghestanian, Sascha & Massenot, Baptiste, 2016. "Credit cycles: Experimental evidence," SAFE Working Paper Series 104 [rev.], Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    5. Stefano Giglio & Bryan Kelly, 2016. "Excess Volatility: Beyond Discount Rates," NBER Working Papers 22045, National Bureau of Economic Research, Inc.
    6. Saadi, Vahid, 2016. "Mortgage supply and the US housing boom: The role of the community reinvestment act," IWH Discussion Papers 32/2016, Halle Institute for Economic Research (IWH).

  4. Edward Glaeser & Wei Huang & Yueran Ma & Andrei Shleifer, 2016. "A Real Estate Boom with Chinese Characteristics," NBER Working Papers 22789, National Bureau of Economic Research, Inc.

    Cited by:

    1. Neill, Simon P. & Vögler, Arne & Goward-Brown, Alice J. & Baston, Susana & Lewis, Matthew J. & Gillibrand, Philip A. & Waldman, Simon & Woolf, David K., 2017. "The wave and tidal resource of Scotland," Renewable Energy, Elsevier, vol. 114(PA), pages 3-17.
    2. Zhen Tian & Chengning Zhang & Shuo Zhang, 2017. "Analytical Calculation of Magnetic Field Distribution and Stator Iron Losses for Surface-Mounted Permanent Magnet Synchronous Machines," Energies, MDPI, Open Access Journal, vol. 10(3), pages 1-12, March.
    3. Qiming Wang & Tao Zhang & Xinyue He & Rongfeng Jiang, 2017. "Assessment of Phosphorus Recovery from Swine Wastewater in Beijing, China," Sustainability, MDPI, Open Access Journal, vol. 9(10), pages 1-14, October.
    4. Yongheng Deng & Eric Girardin & Roselyne Joyeux & Shuping Shi, 2017. "Did bubbles migrate from the stock to the housing market in China between 2005 and 2010?," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 276-292, August.
    5. Shu-gang Li & Hai-qing Shuang & Hong-sheng Wang & Ki-Il Song & Lang Liu, 2017. "Extraction of Pressurized Gas in Low Air-Conductivity Coal Seam Using Drainage Roadway," Sustainability, MDPI, Open Access Journal, vol. 9(2), pages 1-11, February.
    6. Song, Zheng (Michael) & Xiong, Wei, 2018. "Risks in China’s financial system," BOFIT Discussion Papers 1/2018, Bank of Finland, Institute for Economies in Transition.
    7. Yongsheng Jiang & Dong Zhao & Andrew Sanderford & Jing Du, 2018. "Effects of Bank Lending on Urban Housing Prices for Sustainable Development: A Panel Analysis of Chinese Cities," Sustainability, MDPI, Open Access Journal, vol. 10(3), pages 1-16, February.
    8. Ding Ding & Xiaoyu Huang & Tao Jin & Waikei Raphael Lam, 2017. "The Residential Real Estate Market in China: Assessment and Policy Implications," Annals of Economics and Finance, Society for AEF, vol. 18(2), pages 411-442, November.
    9. Yang, Jian & Yu, Ziliang & Deng, Yongheng, 2018. "Housing price spillovers in China: A high-dimensional generalized VAR approach," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 98-114.
    10. Dieppe, Alistair & Gilhooly, Robert & Han, Jenny & Korhonen, Iikka & Lodge, David, 2018. "The transition of China to sustainable growth – implications for the global economy and the euro area," Occasional Paper Series 206, European Central Bank.
    11. Cheng, Dong & Tan, Yong & Yu, Jian, 2017. "Credit Rationing and Firm Exports: Micro Evidence from SMEs in China," MPRA Paper 81914, University Library of Munich, Germany.
    12. Yi Liu & Yutian Liang & Shiping Ma & Kaixuan Huang, 2017. "Divergent Developmental Trajectories and Strategic Coupling in the Pearl River Delta: Where Is a Sustainable Way of Regional Economic Growth?," Sustainability, MDPI, Open Access Journal, vol. 9(10), pages 1-15, October.
    13. Shengfu Yang & Shougeng Hu & Weidong Li & Chuanrong Zhang & José A. Torres, 2017. "Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China," Sustainability, MDPI, Open Access Journal, vol. 9(11), pages 1-16, November.
    14. Yu Zhang, 2017. "Liquidity Constraints, Transition Dynamics, and the Chinese Housing Return Premium," 2017 Meeting Papers 1217, Society for Economic Dynamics.

  5. Pedro Bordalo & Katie Coffman & Nicola Gennaioli & Andrei Shleifer, 2016. "Beliefs about Gender," Working Paper 478946, Harvard University OpenScholar.

    Cited by:

    1. Drupp, Moritz A. & Khadjavi, Menusch & Riekhof, Marie-Catherine & Voss, Rüdiger, 2017. "Professional identity and the gender gap in risk-taking: Evidence from a field experiment with scientists," Kiel Working Papers 2077, Kiel Institute for the World Economy (IfW).

  6. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Neglected Risks: The Psychology of Financial Crises," NBER Working Papers 20875, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mahfuzul Haque & Hannarong Shamsub, 2015. "Do Markets Cointegrate after Financial Crises? Evidence from G-20 Stock Markets," International Journal of Financial Studies, MDPI, Open Access Journal, vol. 3(4), pages 1-30, December.
    2. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Diagnostic Expectations and Credit Cycles," Working Paper 350646, Harvard University OpenScholar.
    3. Chernenko, Sergey & Hanson, Samuel G. & Sunderam, Adi, 2016. "Who neglects risk? Investor experience and the credit boom," Journal of Financial Economics, Elsevier, vol. 122(2), pages 248-269.
    4. Song, Zheng (Michael) & Xiong, Wei, 2018. "Risks in China’s financial system," BOFIT Discussion Papers 1/2018, Bank of Finland, Institute for Economies in Transition.
    5. Aikman, David & Haldane, Andrew & Hinterschweiger, Marc & Kapadia, Sujit, 2018. "Rethinking financial stability," Bank of England working papers 712, Bank of England.
    6. Sreyoshi Das & Camelia M. Kuhnen & Stefan Nagel, 2017. "Socioeconomic Status and Macroeconomic Expectations," NBER Working Papers 24045, National Bureau of Economic Research, Inc.
    7. Shinichi Kamiya & Jun-Koo Kang & Jungmin Kim & Andreas Milidonis & René M. Stulz, 2018. "What is the Impact of Successful Cyberattacks on Target Firms?," NBER Working Papers 24409, National Bureau of Economic Research, Inc.
    8. Kovács, Olivér, 2017. "Az ipar 4.0 komplexitása - II
      [The Complexity of Industry 4.0 - Part 2]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 970-987.
    9. Douglas W. Diamond & Yunzhi Hu & Raghuram G. Rajan, 2017. "Pledgeability, Industry Liquidity, and Financing Cycles," NBER Working Papers 23055, National Bureau of Economic Research, Inc.
    10. Gilbert COLLETAZ & Grégory LEVIEUGE & Alexandra POPESCU, 2016. "Monetary Policy and Long-Run Risk-Taking," LEO Working Papers / DR LEO 2409, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    11. Thakor, Anjan V., 2016. "The highs and the lows: A theory of credit risk assessment and pricing through the business cycle," Journal of Financial Intermediation, Elsevier, vol. 25(C), pages 1-29.
    12. Colletaz, Gilbert & Levieuge, Grégory & Popescu, Alexandra, 2018. "Monetary policy and long-run systemic risk-taking," Journal of Economic Dynamics and Control, Elsevier, vol. 86(C), pages 165-184.
    13. Buchholz, Manuel & Tonzer, Lena & Berner, Julian, 2016. "Asymmetric Investment Responses to Firm-Specific Uncertainty," Annual Conference 2016 (Augsburg): Demographic Change 145563, Verein für Socialpolitik / German Economic Association.
    14. Andrew G. Haldane, 2015. "Multi-Polar Regulation," International Journal of Central Banking, International Journal of Central Banking, vol. 11(3), pages 385-401, June.

  7. Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2015. "Expectations and Investment," NBER Working Papers 21260, National Bureau of Economic Research, Inc.

    Cited by:

    1. Maiko Koga & Haruko Kato, 2017. "Behavioral Biases in Firms' Growth Expectations," Bank of Japan Working Paper Series 17-E-9, Bank of Japan.
    2. Stefano Eusepi & Giorgio Topa & Andrea Tambalotti & Richard Crump, 2016. "Subjective Intertemporal Substitution," 2016 Meeting Papers 83, Society for Economic Dynamics.
    3. Kuang, Pei & Mitra, Kaushik, 2016. "Long-run growth uncertainty," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 67-80.
    4. Kuchler, Theresa & Zafar, Basit, 2015. "Personal Experiences and Expectations about Aggregate Outcomes," IZA Discussion Papers 9444, Institute for the Study of Labor (IZA).
    5. Giorgio Fagiolo & Andrea Roventini, 2016. "Macroeconomic Policy in DGSE and Agent-Based Models Redux: New Developments and Challenges Ahead," Sciences Po publications info:hdl:2441/dcditnq6282, Sciences Po.
    6. M. Bussière & L. Ferrara & J. Milovich, 2015. "Explaining the Recent Slump in Investment: the Role of Expected Demand and Uncertainty," Working papers 571, Banque de France.
    7. Rüdiger Bachmann & Steffen Elstner, 2013. "Firms' Optimism and Pessimism," NBER Working Papers 18989, National Bureau of Economic Research, Inc.
    8. Staglianò, Raffaele & Andrieu, Guillaume, 2017. "Impact of the growth opportunities of influential firms on future investment intentions: A cross-country study," Finance Research Letters, Elsevier, vol. 21(C), pages 235-240.
    9. Massenot, Baptiste & Pettinicchi, Yuri, 2018. "Can firms see into the future? Survey evidence from Germany," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 66-79.
    10. Benchimol, Jonathan & Bounader, Lahcen, 2018. "Optimal Monetary Policy Under Bounded Rationality," Globalization and Monetary Policy Institute Working Paper 336, Federal Reserve Bank of Dallas.
    11. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, Elsevier.
    12. Chen, Fan & Linn, Scott C., 2017. "Investment and operating choice: Oil and natural gas futures prices and drilling activity," Energy Economics, Elsevier, vol. 66(C), pages 54-68.
    13. Stefano Giglio & Bryan Kelly, 2016. "Excess Volatility: Beyond Discount Rates," NBER Working Papers 22045, National Bureau of Economic Research, Inc.
    14. Thesmar , David & Bouchaud , Jean-Philippe & Stefano , Ciliberti & Landier , Augustin & Simon , Guillaume, 2016. "The Excess Returns of 'Quality' Stocks: A Behavioral Anomaly," Les Cahiers de Recherche 1134, HEC Paris.
    15. Crump, Richard K. & Eusepi, Stefano & Moench, Emanuel, 2016. "The term structure of expectations and bond yields," Staff Reports 775, Federal Reserve Bank of New York, revised 01 Apr 2018.
    16. Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2017. "Rational Heuristics ? Expectations and behaviors in Evolving Economies with Heterogeneous interacting agents," Sciences Po publications 32, Sciences Po.

  8. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2015. "Memory, Attention, and Choice," Working Paper 240741, Harvard University OpenScholar.

    Cited by:

    1. Campbell, John Y., 2016. "Restoring rational choice: The challenge of consumer financial regulation," Working Paper Series 1897, European Central Bank.
    2. Raj Chetty, 2015. "Behavioral Economics and Public Policy: A Pragmatic Perspective," American Economic Review, American Economic Association, vol. 105(5), pages 1-33, May.
    3. Christine L. Exley & Ragan Petrie, 2016. "The Impact of a Surprise Donation Ask," Harvard Business School Working Papers 16-101, Harvard Business School, revised Dec 2017.
    4. Inderst, Roman & Obradovits, Martin, 2016. "Excessive Competition for Headline Prices," CEPR Discussion Papers 11284, C.E.P.R. Discussion Papers.

  9. Rafael La Porta & Andrei Shleifer, 2014. "Informality and Development," NBER Working Papers 20205, National Bureau of Economic Research, Inc.

    Cited by:

    1. Goldberg, Pinelopi & Pavcnik, Nina, 2016. "The Effects of Trade Policy," CEPR Discussion Papers 11104, C.E.P.R. Discussion Papers.
    2. Colin C. Williams & Abbi M. Kedir, 0. "Starting-up unregistered and firm performance in Turkey," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-21.
    3. Kurosaki, Takashi & Lal, Kaushalesh & Mangal, A. K. & Banerji, Asit & Mishra, S. N., 2015. "Entrepreneurship in Micro and Small Enterprises: Empirical Findings from a Baseline Study in Northeastern Areas of Delhi, India," CEI Working Paper Series 2015-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. Antonio Baez-Morales, 2015. "“Differences in efficiency between Formal and Informal Micro Firms in Mexico”," AQR Working Papers 201510, University of Barcelona, Regional Quantitative Analysis Group, revised May 2015.
    5. Brian McCaig & Nina Pavcnik, 2015. "Informal Employment in a Growing and Globalizing Low-Income Country," American Economic Review, American Economic Association, vol. 105(5), pages 545-550, May.
    6. T. H. Gindling & Nadwa Mossaad & David Newhouse, 2016. "How Large are Earnings Penalties for Self-Employed and Informal Wage Workers?," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-39, December.
    7. Alessandro Tondini & Cally Ardington & Ingrid Woolard, 2017. "Public pensions and elderly informal employment: Evidence from a change in retirement age in South Africa," SALDRU Working Papers 206, Southern Africa Labour and Development Research Unit, University of Cape Town.
    8. International Monetary Fund, 2016. "Albania; Selected Issues," IMF Staff Country Reports 16/143, International Monetary Fund.
    9. Bologna, Jamie, 2016. "The effect of informal employment and corruption on income levels in Brazil," Journal of Comparative Economics, Elsevier, vol. 44(3), pages 657-695.
    10. Marc Auboin & Alisa DiCaprio, 2017. "Why Do Trade Finance Gaps Persist: Does it Matter for Trade and Development?," CESifo Working Paper Series 6425, CESifo Group Munich.
    11. Saldarriaga, Miguel, 2017. "Informalidad," Revista Moneda, Banco Central de Reserva del Perú, issue 169, pages 34-38.
    12. Kubo, Koji, 2016. "Myanmar's cross-border trade with China : beyond informal trade," IDE Discussion Papers 625, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    13. Benhassine,Najy & Mckenzie,David J. & Pouliquen,Victor Maurice Joseph & Santini,Massimiliano & Benhassine,Najy & Mckenzie,David J. & Pouliquen,Victor Maurice Joseph & Santini,Massimiliano, 2016. "Can enhancing the benefits of formalization induce informal firms to become formal ? experimental evidence from Benin," Policy Research Working Paper Series 7900, The World Bank.
    14. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," NBER Working Papers 23422, National Bureau of Economic Research, Inc.
    15. Kiyoyasu Tanaka & Souknilanh Keola, 2017. "Shedding Light on the Shadow Economy: A Nighttime Light Approach," Journal of Development Studies, Taylor & Francis Journals, vol. 53(1), pages 32-48, January.
    16. Ivan Turok & Josh Budlender & Justin Visagie, 2017. "The Role of Informal Urban Settlements in Upward Mobility," Working Papers 201701, University of Cape Town, Development Policy Research Unit.
    17. Colin C Williams & Abbi M. Kedir, 2016. "Business Registration And Firm Performance: Some Lessons From India," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 1-19, September.
    18. World Bank, 2016. "Informal Enterprises in Kenya," World Bank Other Operational Studies 24973, The World Bank.
    19. Nino Kokashvili & Irakli Barbakadze & Ketevani Kapanadze, 2017. "How Participating In The Shadow Economy Affects The Growth Of Latvian Firms," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 101, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    20. Colin C. Williams & Abbi M. Kedir, 2016. "The Impacts Of Corruption On Firm Performance: Some Lessons From 40 African Countries," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(04), pages 1-18, December.
    21. Gindling, T. H. & Mossaad, Nadwa & Newhouse, David, 2016. "Earnings Premiums and Penalties for Self-Employment and Informal Employees around the World," IZA Discussion Papers 9723, Institute for the Study of Labor (IZA).
    22. Marcelo Bergolo & Guillermo Cruces, 2016. "The Anatomy of Behavioral Responses to Social Assistance when Informal Employment is High," CEDLAS, Working Papers 0204, CEDLAS, Universidad Nacional de La Plata.
    23. Colin C. Williams & Abbi M. Kedir, 2017. "Evaluating The Impacts Of Starting Up Unregistered On Firm Performance In Africa," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-20, September.
    24. Oscar Becerra, 2017. "Pension Incentives and Formal-Sector Labor Supply: Evidence from Colombia," DOCUMENTOS CEDE 015375, UNIVERSIDAD DE LOS ANDES-CEDE.
    25. Aalia Cassim & Kezia Lilenstein & Morné Oosthuizen & Francois Steenkamp, 2016. "Informality and Inclusive Growth in Sub-Saharan Africa," Working Papers 201602, University of Cape Town, Development Policy Research Unit.
    26. Pavcnik, Nina, 2017. "The Impact of Trade on Inequality in Developing Countries," CEPR Discussion Papers 12331, C.E.P.R. Discussion Papers.
    27. Yeboah, F. Kwame & Jayne, T.S., 2016. "Africa’s Evolving Employment Structure," Food Security International Development Working Papers 246956, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    28. Norman V. Loayza, 2016. "Informality in the Process of Development and Growth," Working Papers 2016-76, Peruvian Economic Association.
    29. MIHĂILĂ, Teodora, 2016. "Considerations On The Distribution Of Informal Economy In The European Union," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 20(2), pages 25-34.
    30. David Bardey & Daniel Mejia, 2016. "Informality and Optimal Public Policy," DOCUMENTOS CEDE 014229, UNIVERSIDAD DE LOS ANDES-CEDE.
    31. Nina Pavcnik, 2017. "The Impact of Trade on Inequality in Developing Countries," NBER Working Papers 23878, National Bureau of Economic Research, Inc.
    32. Rothenberg, Alexander D. & Gaduh, Arya & Burger, Nicholas E. & Chazali, Charina & Tjandraningsih, Indrasari & Radikun, Rini & Sutera, Cole & Weilant, Sarah, 2016. "Rethinking Indonesia’s Informal Sector," World Development, Elsevier, vol. 80(C), pages 96-113.
    33. Rosa Abraham, 2017. "Informality in the Indian Labour Market: An Analysis of Forms and Determinants," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 60(2), pages 191-215, June.
    34. Hoang Thanh Mai NGUYEN & Marie-Ange VEGANZONES-VAROUDAKIS, 2017. "Investment climate, outward orientation and manufacturing firm productivity: New empirical evidence," Working Papers 201717, CERDI.
    35. Catalina Granda & Franz Hamann, 2015. "Informality, Saving and Wealth Inequality," BORRADORES DE ECONOMIA 012621, BANCO DE LA REPÚBLICA.
    36. Ceyhun Elgin & Muhammed Burak Sezgin, 2017. "Sectoral Estimates of Informality: A New Method and Application for the Turkish Economy," The Developing Economies, Institute of Developing Economies, vol. 55(4), pages 261-289, December.
    37. Michael J. Handel & Alexandria Valerio & Maria Laura Sánchez Puerta, 2016. "Accounting for Mismatch in Low- and Middle-Income Countries," World Bank Publications, The World Bank, number 24906, March.
    38. Sean M. Dougherty & Octavio R. Escobar, 2016. "Could Mexico become the new ‘China’? Policy drivers of competitiveness and productivity," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 13(2), pages 169-198, December.
    39. Ghani,Syed Ejaz & Kerr,William Robert & Segura,Alex, 2015. "Informal tradables and the employment growth of Indian manufacturing," Policy Research Working Paper Series 7206, The World Bank.
    40. Carlos Bethencourt & Lars Kunze, 2015. "The political economics of redistribution, inequality and tax avoidance," Public Choice, Springer, vol. 163(3), pages 267-287, June.
    41. Brian McCaig & Nina Pavcnik, 2014. "Export Markets and Labor Allocation in a Low-income Country," NBER Working Papers 20455, National Bureau of Economic Research, Inc.
    42. Oguzoglu Umut & Ranasinghe Ashantha, 2017. "Crime and Establishment Size: Evidence from South America," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(4), pages 1-17, October.
    43. Semih Tumen, 2016. "Entrepreneurship in the Shadows: Wealth Constraints and Government Policy," Working Papers 1623, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    44. Brock, Gregory & German-Soto, Vicente, 2017. "Regional industrial informality and efficiency in Mexico, 1990–2013," Journal of Policy Modeling, Elsevier, vol. 39(5), pages 928-941.
    45. Hassan, Mai, 2017. "The impact of the shadow economy on aid and economic development nexus in Egypt," MPRA Paper 80990, University Library of Munich, Germany.
    46. Tanaka, Kiyoyasu & Hashiguchi, Yoshihiro, 2017. "Agglomeration economies in the formal and informal sectors : a Bayesian spatial approach," IDE Discussion Papers 666, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    47. Bobba, Matteo & Flabbi, Luca & Levy, Santiago, 2017. "Labor Market Search, Informality and Schooling Investments," TSE Working Papers 17-867, Toulouse School of Economics (TSE).
    48. Colin C. Williams & Alvaro Martinez-Perez, 2016. "Evaluating the impacts of corruption on firm performance in developing economies: an institutional perspective," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 16(4), pages 401-422.
    49. Waknis, Parag, 2017. "A Segmented Markets Model to Teach Analysis of Monetary Policy Shocks in Developing Economies," MPRA Paper 78011, University Library of Munich, Germany.
    50. Prodyumna Goutam & Italo A. Gutierrez & Krishna B. Kumar & Shanthi Nataraj, 2017. "Does Informal Employment Respond to Growth Opportunities? Trade-Based Evidence from Bangladesh," Working Papers WR-1198, RAND Corporation.
    51. Benhassine,Najy & Mckenzie,David J. & Pouliquen,Victor Maurice Joseph & Santini,Massimiliano, 2015. "Finding a path to formalization in Benin : early results after the introduction of the entreprenant legal status," Policy Research Working Paper Series 7510, The World Bank.
    52. Ilirjan Lipi & Rudina Lipi, 2017. "Small Business Tax Evasion, is There a Case of Internal Finance?," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(2), pages 45-54, April.
    53. Brian McCaig, Jordan Nanowski, 2018. "Business Formalization in Vietnam," LCERPA Working Papers 0113, Laurier Centre for Economic Research and Policy Analysis, revised 01 Feb 2018.
    54. Eduardo Lora, 2016. "The Path to Labor Formality: Urban Agglomeration and the Emergence of Complex Industries," CID Working Papers 78, Center for International Development at Harvard University.
    55. Rodrigo R. Soares & Daniel Haanwinckel, 2017. "Fighting employment informality with schooling," IZA World of Labor, Institute for the Study of Labor (IZA), pages 394-394, October.
    56. Pamela Bombarda & Sarra Ben Yahmed, 2017. "Gender, Informal Employment and Trade Liberalization in Mexico," THEMA Working Papers 2017-03, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    57. Becker, Dennis, 2014. "Informality among multi-product firms," Working Papers 250009, Cornell University, Department of Applied Economics and Management.
    58. Tanika Chakraborty & Anirban Mukherjee & Sarani Saha, 2015. "Court-ship, kinship and business: a study on the interaction between the formal and the informal institutions and its effect on entrepreneurship," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-21, December.
    59. Mohammad Reza Farzanegan & Mai Hassan, 2017. "The Impact of Economic Globalization on the Shadow Economy in Egypt," CESifo Working Paper Series 6424, CESifo Group Munich.
    60. Ajit K. Ghose, 2017. "Informality and Development," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 60(1), pages 1-16, March.
    61. BANERJI, Asit & GOTO, Jun & ISHIZAKI, Hironori & KUROSAKI, Takashi & LAL, Kaushalesh & PAUL, Shampa & SAWADA Yasuyuki & TSUDA, Shunsuke, 2018. "Entrepreneurship in Micro and Small Enterprises: Empirical Findings from Resurveys in Northeastern Areas of Delhi, India," Discussion paper series HIAS-E-65, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    62. Alexandru Cojocaru, 2017. "Kosovo Jobs Diagnostic," World Bank Other Operational Studies 27173, The World Bank.
    63. Waknis, Parag, 2017. "Demonetisation: Some Theoretical Perspectives," MPRA Paper 76391, University Library of Munich, Germany.
    64. Auboin, Marc & DiCaprio, Alisa, 2016. "Why do trade finance gaps persist: Does it matter for trade and development?," WTO Staff Working Papers ERSD-2017-01, World Trade Organization (WTO), Economic Research and Statistics Division.
    65. Brock, Gregory, 2015. "The informal economy of Rostov Oblast on the eve of the Ukrainian refugee crisis," Journal of Policy Modeling, Elsevier, vol. 37(5), pages 789-803.
    66. Colin C. Williams & Friedrich Schneider, 2016. "Measuring the Global Shadow Economy," Books, Edward Elgar Publishing, number 16551.
    67. Andrew Pickering & Sheraz Rajput, 2015. "Inequality and the composition of taxes," Discussion Papers 15/04, Department of Economics, University of York.
    68. Rafael P. Ribas, 2014. "Liquidity Constraints, Informal Financing, and Entrepreneurship: Direct and Indirect Effects of a Cash Transfer Programme," Working Papers 131, International Policy Centre for Inclusive Growth.
    69. Rafael Dix-Carneiro & Brian K Kovak, 2016. "Trade Liberalization and Regional Dynamics," Working Papers id:11213, eSocialSciences.
    70. Gabriel Ulyssea, 2014. "Firms, Informality and Development: Theory and evidence from Brazil," Textos para discussão 632, Department of Economics PUC-Rio (Brazil).
    71. Hu, Feng, 2015. "Return to Education for China’s Return Migrant Entrepreneurs," World Development, Elsevier, vol. 72(C), pages 296-307.
    72. Nesma Ali & Boris Najman, 2016. "Informal Competition, Firms Productivity and Policy Reforms in Egypt," Working Papers 1025, Economic Research Forum, revised Jul 2016.
    73. López, José Joaquín, 2017. "A quantitative theory of tax evasion," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 107-126.
    74. Dorsch, Michael T. & Maarek, Paul, 2015. "Inefficient predation and political transitions," European Journal of Political Economy, Elsevier, vol. 37(C), pages 37-48.
    75. Ceyhun Elgin & Burak Sezgin, 2017. "Sectoral Estimates of Informality: A New Method and An Application to Turkish Economy," Working Papers 2017/02, Bogazici University, Department of Economics.
    76. Duranton,Gilles & Ghani,Syed Ejaz & Goswami,Arti Grover & Kerr,William Robert, 2015. "Effects of land misallocation on capital allocations in India," Policy Research Working Paper Series 7451, The World Bank.

  10. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2014. "Stereotypes," NBER Working Papers 20106, National Bureau of Economic Research, Inc.
    • Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 467407, Harvard University OpenScholar.

    Cited by:

    1. Muriel Niederle, 2014. "Gender," NBER Working Papers 20788, National Bureau of Economic Research, Inc.
    2. Andrew Rendall & Michelle Rendall, 2014. "Math matters: education choices and wage inequality," ECON - Working Papers 160, Department of Economics - University of Zurich.

  11. Hanson, Samuel & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2014. "Banks as Patient Fixed Income Investors," Finance and Economics Discussion Series 2014-15, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2016. "The Deposits Channel of Monetary Policy," NBER Working Papers 22152, National Bureau of Economic Research, Inc.
    2. Matej Tomec & Timotej Jagric, 2017. "Does the Amount and Time of Recapitalization Affect the Profitability of Commercial Banks?," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 67(4), pages 318-341, August.
    3. Amir Amel-Zadeh & Mary E. Barth & Wayne R. Landsman, 2017. "The contribution of bank regulation and fair value accounting to procyclical leverage," Review of Accounting Studies, Springer, vol. 22(3), pages 1423-1454, September.
    4. Voellmy, Lukas, 2017. "Shadow Banking and Financial Stability under Limited Deposit Insurance," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168262, Verein für Socialpolitik / German Economic Association.
    5. Lallour, Antoine & Mio, Hitoshi, 2016. "Do we need a stable funding ratio? Banks’ funding in the global financial crisis," Bank of England working papers 602, Bank of England.
    6. Filippo Ippolito & José-Luis Peydró & Andrea Polo & Enrico Sette, 2015. "Double Bank Runs and Liquidity Risk Management," Working Papers 855, Barcelona Graduate School of Economics.
    7. Oliver Hart & Luigi Zingales, 2014. "Banks Are Where The Liquidity Is," NBER Working Papers 20207, National Bureau of Economic Research, Inc.
    8. Hugonnier, Julien & Morellec, Erwan, 2017. "Bank capital, liquid reserves, and insolvency risk," Journal of Financial Economics, Elsevier, vol. 125(2), pages 266-285.
    9. E. Chrétien & V. Lyonnet, 2017. "Traditional and Shadow Banks during the Crisis," Débats économiques et financiers 27, Banque de France.
    10. Entrop, O. & von la Hausse, L. & Wilkens, M., 2017. "Looking beyond banks’ average interest rate risk: Determinants of high exposures," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 204-218.
    11. Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Tous, Francesc R., 2015. "Securities trading by banks and credit supply: Micro-evidence," Discussion Papers 08/2015, Deutsche Bundesbank.
    12. V. Legroux & I. Rahmouni-Rousseau & U. Szczerbowicz & N. Valla, 2018. "Stabilising virtues of central banks: (re)matching bank liquidity," Working papers 667, Banque de France.
    13. Sebastiaan Pool, 2018. "Mortgage debt and shadow banks," DNB Working Papers 588, Netherlands Central Bank, Research Department.
    14. Kirti, Divya, 2018. "When gambling for resurrection is too risky," ESRB Working Paper Series 69, European Systemic Risk Board.
    15. Robin Döttling, 2018. "Bank Capital Regulation in a Zero Interest Environment," Tinbergen Institute Discussion Papers 18-016/IV, Tinbergen Institute.
    16. Cynthia Van Hulle & Hans Degryse & Kristien Smedts, 2017. " Risk-sharing benefits and the capital structure of insurance companies," Working Papers Department of Accounting, Finance and Insurance (AFI) 571404, KU Leuven, Faculty of Economics and Business, Department of Accounting, Finance and Insurance (AFI).
    17. Tri Vi Dang & Gary Gorton & Beng Holmstrom & Guillermo Ordonez, 2014. "Banks as Secret Keepers," PIER Working Paper Archive 14-022, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    18. Hamed Ghiaie, 2018. "Shadow Bank run: The Story of a Recession," THEMA Working Papers 2018-01, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    19. Mark Mink, 2016. "Aggregate liquidity and banking sector fragility," DNB Working Papers 534, Netherlands Central Bank, Research Department.
    20. Puriya Abbassi & Rajkamal Iyer & José-Luis Peydró & Francesc R. Tous, 2016. "Securities trading by banks and credit supply: Micro-evidence from the crisis," ESRB Working Paper Series 05, European Systemic Risk Board.
    21. Golec, Pascal & Perotti, Enrico, 2017. "Safe assets: a review," Working Paper Series 2035, European Central Bank.
    22. Alexey Ponomarenko, 2017. "A note on money creation in emerging market economies," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 9(1), pages 70-85, April.
    23. Czech, Robert & Roberts-Sklar, Matt, 2017. "Investor behaviour and reaching for yield: evidence from the sterling corporate bond market," Bank of England working papers 685, Bank of England.
    24. DeAngelo, Harry & Stulz, René M., 2015. "Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks," Journal of Financial Economics, Elsevier, vol. 116(2), pages 219-236.
    25. Arvind Krishnamurthy & Jennie Bai & Charles-Henri Weymuller, 2016. "Measuring Liquidity Mismatch in the Banking Sector," NBER Working Papers 22729, National Bureau of Economic Research, Inc.
    26. Ludwig Hausse & Martin Rohleder & Marco Wilkens, 2016. "Systemic interest rate and market risk at US banks," Journal of Business Economics, Springer, vol. 86(8), pages 933-961, November.
    27. Wang, J. Christina, 2017. "Banks' search for yield in the low interest rate environment: a tale of regulatory adaptation," Working Papers 17-3, Federal Reserve Bank of Boston.
    28. He, Zhiguo & Kelly, Bryan & Manela, Asaf, 2017. "Intermediary asset pricing: New evidence from many asset classes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 1-35.
    29. Adair Morse, 2015. "Peer-to-Peer Crowdfunding: Information and the Potential for Disruption in Consumer Lending," NBER Working Papers 20899, National Bureau of Economic Research, Inc.

  12. Matthew Rognlie & Andrei Shleifer & Alp Simsek, 2014. "Investment Hangover and the Great Recession," NBER Working Papers 20569, National Bureau of Economic Research, Inc.

    Cited by:

    1. Nicholas Turner & Eric Zwick & David Berger, 2016. "Stimulating Housing Markets," 2016 Meeting Papers 227, Society for Economic Dynamics.
    2. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Diagnostic Expectations and Credit Cycles," Working Paper 350646, Harvard University OpenScholar.
    3. Atif R. Mian & Amir Sufi & Emil Verner, 2015. "Household Debt and Business Cycles Worldwide," NBER Working Papers 21581, National Bureau of Economic Research, Inc.
    4. Biswas, Siddhartha & Hanson, Andrew & Phan, Toan, 2018. "Bubbly Recessions," Working Paper 18-5, Federal Reserve Bank of Richmond.
    5. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, Elsevier.
    6. Mathieu Boullot, 2017. "Secular Stagnation, Liquidity Trap and Rational Asset Price Bubbles," Working Papers halshs-01295012, HAL.
    7. David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (U.S.).

  13. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Competition for Attention," NBER Working Papers 19076, National Bureau of Economic Research, Inc.

    Cited by:

    1. Gerasimou, Georgios & Papi, Mauro, 2015. "Oligopolistic Competition with Choice-Overloaded Consumers," MPRA Paper 68509, University Library of Munich, Germany.
    2. Paola Manzini & Marco Mariotti, 2015. "Competing for Attention: Is the Showiest Also the Best?," Working Papers 743, Queen Mary University of London, School of Economics and Finance.
    3. Eliaz, Kfir & Oren-Kolbinger, Orli & Weisburd, Sarit, 2017. "Limited Attention, Salience and Changing Prices: Evidence from a Field Experiment in Online Supermarket Shopping," CEPR Discussion Papers 12014, C.E.P.R. Discussion Papers.
    4. Geoffroy de Clippel & Kfir Elias & Kareen Rozen, 2013. "Competing for Consumer Inattention," Cowles Foundation Discussion Papers 1901, Cowles Foundation for Research in Economics, Yale University.
    5. Andersson, Ola & Ingebretsen Carlson, Jim & Wengström, Erik, 2016. "Differences Attract: An Experimental Study of Focusing in Economic Choice," Working Paper Series 1145, Research Institute of Industrial Economics.
    6. Herweg, Fabian & Müller, Daniel & Weinschenk, Philipp, 2017. "Salience, competition, and decoy goods," Economics Letters, Elsevier, vol. 153(C), pages 28-31.
    7. Allred, Sarah & Duffy, Sean & Smith, John, 2014. "Cognitive load and strategic sophistication," MPRA Paper 59441, University Library of Munich, Germany.
    8. James M. Sallee, 2014. "Rational Inattention and Energy Efficiency," Journal of Law and Economics, University of Chicago Press, vol. 57(3), pages 781-820.
    9. Alessandro Belmonte & Michael Rochlitz, 2018. "The Political Economy of Collective Memories: Evidence from Russian Politics," HSE Working papers WP BRP 59/PS/2018, National Research University Higher School of Economics.
    10. Dahremöller, Carsten & Fels, Markus, 2015. "Product lines, product design, and limited attention," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 437-456.
    11. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2014. "Currency Unions, Product Introductions, and the Real Exchange Rate," The Quarterly Journal of Economics, Oxford University Press, vol. 129(2), pages 529-595.
    12. Ofer H. Azar, 2013. "Optimal Strategy Of Multi-Product Retailers With Relative Thinking And Reference Prices," Working Papers 1313, Ben-Gurion University of the Negev, Department of Economics.
    13. Gabaix, Xavier & Laibson, David & Li, Deyuan & Li, Hongyi & Resnick, Sidney & de Vries, Casper G., 2016. "The impact of competition on prices with numerous firms," Journal of Economic Theory, Elsevier, vol. 165(C), pages 1-24.
    14. Ennio Bilancini & Leonardo Boncinelli, 2014. "Persuasion with Reference Cues and Elaboration Costs," Working Papers - Economics wp2014_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    15. Gerasimou, Georgios & Papi, Mauro, 2018. "Duopolistic competition with choice-overloaded consumers," European Economic Review, Elsevier, vol. 101(C), pages 330-353.
    16. Inderst, Roman & Obradovits, Martin, 2015. "Too Much Attention on Low Prices? Loss Leading in a Model of Sales with Salient Thinkers," CEPR Discussion Papers 10813, C.E.P.R. Discussion Papers.
    17. Inderst, Roman & Obradovits, Martin, 2016. "Excessive Competition for Headline Prices," CEPR Discussion Papers 11284, C.E.P.R. Discussion Papers.

  14. Nicholas Barberis & Robin Greenwood & Lawrence Jin & Andrei Shleifer, 2013. "X-CAPM: An Extrapolative Capital Asset Pricing Model," NBER Working Papers 19189, National Bureau of Economic Research, Inc.

    Cited by:

    1. Campbell, John Y., 2016. "Restoring rational choice: The challenge of consumer financial regulation," Working Paper Series 1897, European Central Bank.
    2. Glaeser, Edward L. & Nathanson, Charles G., 2017. "An extrapolative model of house price dynamics," Journal of Financial Economics, Elsevier, vol. 126(1), pages 147-170.
    3. Stefano Eusepi & Giorgio Topa & Andrea Tambalotti & Richard Crump, 2016. "Subjective Intertemporal Substitution," 2016 Meeting Papers 83, Society for Economic Dynamics.
    4. Anthony A. DeFusco & Charles G. Nathanson & Eric Zwick, 2017. "Speculative Dynamics of Prices and Volume," NBER Working Papers 23449, National Bureau of Economic Research, Inc.
    5. Danny Yagan, 2014. "Riding the Bubble? Chasing Returns into Illiquid Assets," NBER Working Papers 20360, National Bureau of Economic Research, Inc.
    6. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Diagnostic Expectations and Credit Cycles," Working Paper 350646, Harvard University OpenScholar.
    7. Edward L. Glaeser & Charles G. Nathanson, 2014. "Housing Bubbles," NBER Working Papers 20426, National Bureau of Economic Research, Inc.
    8. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2017. "Diagnostic Expectations and Stock Returns," NBER Working Papers 23863, National Bureau of Economic Research, Inc.
    9. Kuchler, Theresa & Zafar, Basit, 2015. "Personal Experiences and Expectations about Aggregate Outcomes," IZA Discussion Papers 9444, Institute for the Study of Labor (IZA).
    10. Armona, Luis & Fuster, Andreas & Zafar, Basit, 2016. "Home price expectations and behavior: evidence from a randomized information experiment," Staff Reports 798, Federal Reserve Bank of New York.
    11. Samuel M. Hartzmark & Kelly Shue, 2017. "A Tough Act to Follow: Contrast Effects In Financial Markets," NBER Working Papers 23883, National Bureau of Economic Research, Inc.
    12. Calvet, Laurent-Emmanuel & Grandmont, Jean-Michel & Lemaire, Isabelle, 2018. "Aggregation of heterogenous beliefs, asset pricing, and risk sharing in complete financial markets," Research in Economics, Elsevier, vol. 72(1), pages 117-146.
    13. Robert J. Shiller, 2014. "Speculative Asset Prices (Nobel Prize Lecture)," Cowles Foundation Discussion Papers 1936, Cowles Foundation for Research in Economics, Yale University.
    14. Adam, Klaus & Beutel, Johannes & Marcet, Albert, 2014. "Stock Price Booms and Expected Capital Gains," CEPR Discussion Papers 9988, C.E.P.R. Discussion Papers.
    15. Hirshleifer, David & Li, Jun & Yu, Jianfeng, 2015. "Asset pricing in production economies with extrapolative expectations," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 87-106.
    16. Basak, Deepal & Murray, Alexander & Zhao, Yunhui, 2017. "Does Financial Tranquility Call for More Stringent Regulation?," MPRA Paper 81373, University Library of Munich, Germany.
    17. Ian Martin, 2017. "What is the Expected Return on the Market?," The Quarterly Journal of Economics, Oxford University Press, vol. 132(1), pages 367-433.
    18. Shiller, Robert J., 2013. "Speculative Asset Prices," Nobel Prize in Economics documents 2013-6, Nobel Prize Committee.
    19. Francesco Cerigioni, 2016. "Dual decision processes and noise trading," Economics Working Papers 1553, Department of Economics and Business, Universitat Pompeu Fabra.
    20. Pierdzioch, Christian & Reitz, Stefan & Ruelke, Jan-Christoph, 2014. "Heterogeneous Forecasters and Nonlinear Expectation Formation in the U.S. Stock Market," FinMaP-Working Papers 11, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    21. Eric Zwick & Charles Nathanson & Anthony DeFusco, 2017. "Speculative Dynamics of Prices and Volume," 2017 Meeting Papers 239, Society for Economic Dynamics.
    22. Stefanie Schraeder, 2016. "Information Processing and Non-Bayesian Learning in Financial Markets," Review of Finance, European Finance Association, vol. 20(2), pages 823-853.
    23. Nelson Lind, 2017. "Credit Regimes and the Seeds of Crisis," 2017 Meeting Papers 1474, Society for Economic Dynamics.
    24. Stefano Giglio & Bryan Kelly, 2016. "Excess Volatility: Beyond Discount Rates," NBER Working Papers 22045, National Bureau of Economic Research, Inc.
    25. Glaeser, Edward L. & Nathanson, Charles G., 2015. "Housing Bubbles," Handbook of Regional and Urban Economics, Elsevier.
    26. Charles Nathanson & Edward Glaeser, 2015. "An Extrapolative Model of House Price Dynamics," 2015 Meeting Papers 1108, Society for Economic Dynamics.
    27. Shushi, Tomer, 2018. "Stein’s lemma for truncated elliptical random vectors," Statistics & Probability Letters, Elsevier, vol. 137(C), pages 297-303.
    28. John H. Cochrane, 2016. "Macro-Finance," NBER Working Papers 22485, National Bureau of Economic Research, Inc.
    29. Anshul Verma & Riccardo Junior Buonocore & Tiziana di Matteo, 2017. "A cluster driven log-volatility factor model: a deepening on the source of the volatility clustering," Papers 1712.02138, arXiv.org.
    30. Crump, Richard K. & Eusepi, Stefano & Moench, Emanuel, 2016. "The term structure of expectations and bond yields," Staff Reports 775, Federal Reserve Bank of New York, revised 01 Apr 2018.
    31. Francesco Cerigioni, 2016. "Dual Decision Processes and Noise Trading," Working Papers 925, Barcelona Graduate School of Economics.
    32. Chen, Li-Wen & Yu, Hsin-Yi & Wang, Wen-Kai, 2018. "Evolution of historical prices in momentum investing," Journal of Financial Markets, Elsevier, vol. 37(C), pages 120-135.
    33. Glaeser, Edward L. & Nathanson, Charles G., 2015. "An Extrapolative Model of House Price Dynamics," Working Paper Series rwp15-012, Harvard University, John F. Kennedy School of Government.
    34. Reitz, Stefan & Pierdzioch, Christian & Rülke, Jan-Christoph, 2015. "Nonlinear Expectation Formation in the U.S. Stock Market," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113210, Verein für Socialpolitik / German Economic Association.
    35. Pierdzioch, Christian & Reitz, Stefan & Ruelke, Jan-Christoph, 2015. "Nonlinear expectation formation in the U.S. stock market: Empirical evidence from the Livingston survey," Kiel Working Papers 1947 [rev.], Kiel Institute for the World Economy (IfW).
    36. Edward L. Glaeser & Charles G. Nathanson, 2015. "An Extrapolative Model of House Price Dynamics," NBER Working Papers 21037, National Bureau of Economic Research, Inc.
    37. Yili Chien & Harold Cole & Hanno Lustig, 2016. "Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 215-239, April.
    38. Farouq Abdulaziz Masoudy, 2018. "Accurate Evaluation of Asset Pricing Under Uncertainty and Ambiguity of Information," Papers 1801.06966, arXiv.org, revised Mar 2018.
    39. Basit Zafar & Theresa Kuchler, 2015. "Expectation Formation," 2015 Meeting Papers 678, Society for Economic Dynamics.
    40. Ulrike Malmendier & Demian Pouzo & Vicotria Vanasco, 2016. "A Theory of Experience Effects," Papers 1612.09553, arXiv.org.
    41. Wei, Jason, 2018. "Behavioral biases in the corporate bond market," Journal of Empirical Finance, Elsevier, vol. 46(C), pages 34-55.
    42. Zoran Popovic & Mihailo Paunovic, 2018. "The Dependence of the Cost of Capital on Degree of Diversification," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(1), pages 53-67.
    43. Li, Shaoyu & Wei, Lijia & Xu, Zhiwei, 2017. "Dynamic asset allocation and consumption under inflation inequality: The impacts of inflation experiences and expectations," Economic Modelling, Elsevier, vol. 61(C), pages 113-125.
    44. Dan Tortorice, 2016. "The Business Cycles Implications of Fluctuating Long Run Expectations," Working Papers 100, Brandeis University, Department of Economics and International Businesss School.
    45. Pierdzioch, Christian & Reitz, Stefan & Ruelke, Jan-Christoph, 2015. "Heteroeneous forecasters and nonlinear expectation formation in US stock market," FinMaP-Working Papers 29, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    46. Bradley Jones, 2015. "Asset Bubbles; Re-thinking Policy for the Age of Asset Management," IMF Working Papers 15/27, International Monetary Fund.
    47. Immonen, Eero, 2017. "Simple agent-based dynamical system models for efficient financial markets: Theory and examples," Journal of Mathematical Economics, Elsevier, vol. 69(C), pages 38-53.
    48. Hong, Jieying & Moinas, Sophie & Pouget, Sébastien, 2018. "Learning in Speculative Bubbles: An Experiment," TSE Working Papers 18-882, Toulouse School of Economics (TSE).
    49. Lars Peter Hansen, 2017. "Comment on "Survey Measurement of Probabilistic Economic Expectations: Progress and Promise"," NBER Chapters,in: NBER Macroeconomics Annual 2017, volume 32 National Bureau of Economic Research, Inc.

  15. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2013. "Finance and the Preservation of Wealth," NBER Working Papers 19117, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2015. "Trade, Finance and Endogenous Firm Heterogeneity," Working Papers 863, Barcelona Graduate School of Economics.
    2. Li, Zhe & Massa, Massimo & Xu, Niahang & Zhang, Hong, 2016. "The Impact of Sin Culture: Evidence from Earning Management and Alcohol Consumption in China," CEPR Discussion Papers 11475, C.E.P.R. Discussion Papers.
    3. Barattieri, Alessandro & Eden, Maya & Stevanovi, Dalibor, 2013. "The connection between Wall Street and Main Street : measurement and implications for monetary policy," Policy Research Working Paper Series 6667, The World Bank.
    4. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    5. Josef Falkinger & Sabrina Studer & Yingnan Zhao, 2015. "Explaining structural change towards and within the financial sector," ECON - Working Papers 206, Department of Economics - University of Zurich.
    6. Marcel Prokopczuk & Francesco D'Acunto & Michael Weber, 2015. "Distrust in Finance Lingers: Jewish Persecution and Households' Investments," 2015 Meeting Papers 26, Society for Economic Dynamics.
    7. Langfield, Sam & Pagano, Marco, 2015. "Bank bias in Europe: effects on systemic risk and growth," Working Paper Series 1797, European Central Bank.
    8. Eleonora Patacchini & Edoardo Rainone, 2017. "Social ties and the demand for financial services," Temi di discussione (Economic working papers) 1115, Bank of Italy, Economic Research and International Relations Area.
    9. Massa, Massimo & Wang, Chengwei & Zhang, Hong & Zhang, Jian, 2015. "Investing in Low-Trust Countries: Trust in the Global Mutual Fund Industry," CEPR Discussion Papers 10472, C.E.P.R. Discussion Papers.
    10. Eleonora Patacchini & Edoardo Rainone, 2017. "Social Ties and the Demand for Financial Services," Journal of Financial Services Research, Springer;Western Finance Association, vol. 52(1), pages 35-88, October.
    11. Zingales, Luigi, 2015. "Does Finance Benefit Society?," CEPR Discussion Papers 10350, C.E.P.R. Discussion Papers.
    12. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    13. Thomas Philippon, 2014. "Efficiency and Benefit-Cost Analysis of the Financial System," The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 107-120.
    14. Shakhnov, Kirill, 2014. "The allocation of talent: finance versus entrepreneurship," Economics Working Papers ECO2014/13, European University Institute.

  16. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience Theory of Judicial Decisions," NBER Working Papers 19695, National Bureau of Economic Research, Inc.

    Cited by:

    1. Daniel L. Chen & Tobias J. Moskowitz & Kelly Shue, 2016. "Decision Making Under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires," The Quarterly Journal of Economics, Oxford University Press, vol. 131(3), pages 1181-1242.
    2. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    3. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    4. Eric Cardella & Carl Kitchens, 2017. "The impact of award uncertainty on settlement negotiations," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 333-367, June.
    5. Edward John Dorrell Webb, 2014. "Do we see monopoly or duopoly? The influence of perception on entry deterrence," Discussion Papers 14-20, University of Copenhagen. Department of Economics.
    6. Bernardo Guimaraes & Bruno Meyerhof Salama, 2017. "Contingent Judicial Deference: theory and application to usury laws," Discussion Papers 1729, Centre for Macroeconomics (CFM).
    7. Edward J. Webb, 2014. "Perception and quality choice in vertically differentiated markets," Discussion Papers 14-07, University of Copenhagen. Department of Economics.
    8. Chen, Daniel L. & Moskowitz, Tobias J. & Shue, Kelly, 2016. "Decision-Making Under the Gambler’s Fallacy: Evidence From Asylum Courts, Loan Officers, and Baseball Umpires," IAST Working Papers 16-43, Institute for Advanced Study in Toulouse (IAST).
    9. Guimaraesy, Bernardo & Meyerhof Salama, Bruno, 2017. "Contingent judicial deference: theory and application to usury laws," LSE Research Online Documents on Economics 86146, London School of Economics and Political Science, LSE Library.

  17. Nicola Gennaioli & Rafael La Porta & Florencio Lopez de Silanes & Andrei Shleifer, 2013. "Growth in Regions," NBER Working Papers 18937, National Bureau of Economic Research, Inc.
    • Nicola Gennaioli & Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer, "undated". "Growth in Regions," Working Paper 73436, Harvard University OpenScholar.

    Cited by:

    1. Coscia, Michelle & Cheston, Timothy & Hausmann, Ricardo, 2017. "Institutions vs. Social Interactions in Driving Economic Convergence: Evidence from Colombia," Working Paper Series rwp17-014, Harvard University, John F. Kennedy School of Government.
    2. Michael Jetter & Saskia Mösle & David Stadelmann, 2017. "Landlockedness and Economic Development: Analyzing Subnational Panel Data and Exploring Mechanisms," CESifo Working Paper Series 6733, CESifo Group Munich.
    3. Giampaolo Lecce & Laura Ogliari, 2015. "Institutional Transplant and Cultural Proximity: Evidence from Nineteenth-Century Prussia," CESifo Working Paper Series 5652, CESifo Group Munich.
    4. Desmet, Klaus & Rappaport, Jordan, 2017. "The settlement of the United States, 1800–2000: The long transition towards Gibrat’s law," Journal of Urban Economics, Elsevier, vol. 98(C), pages 50-68.
    5. Beck, T.H.L. & Degryse, H.A. & de Haas, R. & van Horen, N., 2014. "When Arm’s Length is Too Far : Relationship Banking over the Business Cycle," Discussion Paper 2014-042, Tilburg University, Center for Economic Research.
    6. Wahl, Fabian & Pfeifer, Gregor & Marczak, Martyna, 2016. "Illuminating the World Cup Effect: Night Lights Evidence from South Africa," Annual Conference 2016 (Augsburg): Demographic Change 145938, Verein für Socialpolitik / German Economic Association.
    7. Christian Ochsner, 2017. "Dismantled once, diverged forever? A quasi-natural experiment of Red Army misdeeds in post-WWII Europe," ifo Working Paper Series 240, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    8. Juan Pablo Chauvin & Edward Glaeser & Yueran Ma & Kristina Tobio, 2016. "What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States," NBER Working Papers 22002, National Bureau of Economic Research, Inc.
    9. Ganong, Peter & Shoag, Daniel, 2017. "Why has regional income convergence in the U.S. declined?," Journal of Urban Economics, Elsevier, vol. 102(C), pages 76-90.
    10. Lessmann, Christian, 2014. "Spatial inequality and development — Is there an inverted-U relationship?," Journal of Development Economics, Elsevier, vol. 106(C), pages 35-51.
    11. Monastiriotis, Vassilis, 2014. "Regional growth and national development: transition in Central and Eastern Europe and the regional Kuznets curve in the East and the West," LSE Research Online Documents on Economics 56731, London School of Economics and Political Science, LSE Library.
    12. Lessmann, Christian & Seidel, André, 2017. "Regional inequality, convergence, and its determinants – A view from outer space," European Economic Review, Elsevier, vol. 92(C), pages 110-132.
    13. Breinlich, Holger & Ottaviano, Gianmarco I P & Temple, Jonathan R, 2013. "Regional Growth and Regional Decline," Economics Discussion Papers 8977, University of Essex, Department of Economics.
    14. Ketterer, Tobias & Rodríguez-Pose, Andrés, 2016. "Institutions vs. "First-Nature" Geography - What Drives Economic Growth in Europe's Regions?," CEPR Discussion Papers 11322, C.E.P.R. Discussion Papers.
    15. Addison,Tony & Boly,Amadou & Mveyange,Anthony Francis, 2016. "Mining and economic development : did China's WTO accession affect African local economic development ?," Policy Research Working Paper Series 7906, The World Bank.
    16. Tony Addison & Amadou Boly & Anthony Mveyange, 2017. "The impact of mining on spatial inequality: Recent evidence from Africa," WIDER Working Paper Series 013, World Institute for Development Economic Research (UNU-WIDER).
    17. Johannes C. Buggle, 2013. "Law and Social Capital: Evidence from the Code Napoleon in Germany," SOEPpapers on Multidisciplinary Panel Data Research 566, DIW Berlin, The German Socio-Economic Panel (SOEP).
    18. christoph Eder, 2016. "Missing Men:World War II Casualties and Structural Change," HiCN Working Papers 229, Households in Conflict Network.
    19. Sanghamitra Bandyopadhyay, 2016. "The persistence of inequality across Indian states," CSAE Working Paper Series 2016-26, Centre for the Study of African Economies, University of Oxford.
    20. Silvapulle, Param & Fenech, Jean Pierre & Thomas, Alice & Brooks, Rob, 2016. "Determinants of sovereign bond yield spreads and contagion in the peripheral EU countries," Economic Modelling, Elsevier, vol. 58(C), pages 83-92.
    21. Nauro Campos & Fabrizio Coricelli & Luigi, Moretti,, 2015. "Norwegian Rhapsody? The Political Economy Benefits of Regional Integration," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01267252, HAL.
    22. Daniel Oto-Peralías & Diego Romero-Ávila, 2016. "The economic consequences of the Spanish Reconquest: the long-term effects of Medieval conquest and colonization," Journal of Economic Growth, Springer, vol. 21(4), pages 409-464, December.
    23. Angeles, Luis & Elizalde, Aldo, 2017. "Pre-colonial institutions and socioeconomic development: The case of Latin America," Journal of Development Economics, Elsevier, vol. 124(C), pages 22-40.

  18. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience and Asset Prices," NBER Working Papers 18708, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local Thinking and Skewness Preferences," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168303, Verein für Socialpolitik / German Economic Association.
    2. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    3. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    4. Gianluca Cassese, 2014. "Option pricing in an imperfect world," Working Papers 277, University of Milano-Bicocca, Department of Economics, revised Jun 2014.
    5. Eisenbach, Thomas M. & Schmalz, Martin C., 2013. "Anxiety in the face of risk," Staff Reports 610, Federal Reserve Bank of New York, revised 01 Dec 2015.
    6. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local thinking and skewness preferences," DICE Discussion Papers 248, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    7. Chague, Fernando Daniel & De-Losso, Rodrigo & Giovannetti, Bruno Cara, 2018. "Individuals neglect the informational role of prices: evidence from the stock market," Textos para discussão 467, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
    8. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2016. "Competition for Attention," Review of Economic Studies, Oxford University Press, vol. 83(2), pages 481-513.
    9. Xiaodong Du & Hongli Feng & David A. Hennessy, 2014. "Rationality of Choices in Subsidized Crop Insurance Markets," Center for Agricultural and Rural Development (CARD) Publications 14-wp545, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    10. Bachi, Benjamin & Spiegler, Ran, 2018. "Buridanic competition," Games and Economic Behavior, Elsevier, vol. 107(C), pages 298-315.
    11. Edward John Dorrell Webb, 2014. "Do we see monopoly or duopoly? The influence of perception on entry deterrence," Discussion Papers 14-20, University of Copenhagen. Department of Economics.
    12. Edward J. Webb, 2014. "Perception and quality choice in vertically differentiated markets," Discussion Papers 14-07, University of Copenhagen. Department of Economics.
    13. Cai, Jing & Song, Changcheng, 2017. "Do disaster experience and knowledge affect insurance take-up decisions?," Journal of Development Economics, Elsevier, vol. 124(C), pages 83-94.
    14. Ennio Bilancini & Leonardo Boncinelli, 2014. "Persuasion with Reference Cues and Elaboration Costs," Working Papers - Economics wp2014_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    15. Markus Dertwinkel-Kalt & Mats Köster, 2017. "Local Thinking and Skewness Preferences," Working Paper Series in Economics 97, University of Cologne, Department of Economics.
    16. Liang, Hanchao & Yang, Chunpeng & Zhang, Rengui & Cai, Chuangqun, 2017. "Bounded rationality, anchoring-and-adjustment sentiment, and asset pricing," The North American Journal of Economics and Finance, Elsevier, vol. 40(C), pages 85-102.

  19. Robin Greenwood & Andrei Shleifer, 2013. "Expectations of Returns and Expected Returns," NBER Working Papers 18686, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ian Dew-Becker & Rhys Bidder, 2015. "Long-Run Risk is the Worst-Case Scenario," 2015 Meeting Papers 490, Society for Economic Dynamics.
    2. Paolo Gelain & Kevin J. Lansing, 2013. "House prices, expectations, and time-varying fundamentals," Working Paper 2013/05, Norges Bank.
    3. Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert W., 2014. "Money Doctors," Scholarly Articles 12965657, Harvard University Department of Economics.
      • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money Doctors," Working Papers 464, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
      • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 228501, Harvard University OpenScholar.
      • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money doctors," Economics Working Papers 1355, Department of Economics and Business, Universitat Pompeu Fabra.
      • Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2012. "Money Doctors," NBER Working Papers 18174, National Bureau of Economic Research, Inc.
      • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Money Doctors," Journal of Finance, American Finance Association, vol. 70(1), pages 91-114, February.
    4. Camelia M. Kuhnen & Brian T. Melzer, 2017. "Non-Cognitive Abilities and Financial Delinquency: The Role of Self-Efficacy in Avoiding Financial Distress," NBER Working Papers 23028, National Bureau of Economic Research, Inc.
    5. Stefano Eusepi & Giorgio Topa & Andrea Tambalotti & Richard Crump, 2016. "Subjective Intertemporal Substitution," 2016 Meeting Papers 83, Society for Economic Dynamics.
    6. John C. Williams, 2013. "Bubbles tomorrow and bubbles yesterday, but never bubbles today?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue sept23.
    7. Bailey, Michael & Cao, Ruiqing & Kuchler, Theresa & Ströbel, Johannes, 2016. "Social Networks and Housing Markets," CEPR Discussion Papers 11272, C.E.P.R. Discussion Papers.
    8. Zhou, Qing & Tan, Kelvin Jui Keng & Faff, Robert & Zhu, Yushu, 2016. "Deviation from target capital structure, cost of equity and speed of adjustment," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 99-120.
    9. Hommes, Cars & in ’t Veld, Daan, 2017. "Booms, busts and behavioural heterogeneity in stock prices," Journal of Economic Dynamics and Control, Elsevier, vol. 80(C), pages 101-124.
    10. Danny Yagan, 2014. "Riding the Bubble? Chasing Returns into Illiquid Assets," NBER Working Papers 20360, National Bureau of Economic Research, Inc.
    11. Pikulina, Elena & Renneboog, Luc & Ter Horst, Jenke & Tobler, Philippe N., 2014. "Bonus schemes and trading activity," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 369-389.
    12. Chernenko, Sergey & Hanson, Samuel G. & Sunderam, Adi, 2016. "Who neglects risk? Investor experience and the credit boom," Journal of Financial Economics, Elsevier, vol. 122(2), pages 248-269.
    13. Barberis, Nicholas & Greenwood, Robin & Jin, Lawrence & Shleifer, Andrei, 2015. "X-CAPM: An extrapolative capital asset pricing model," Journal of Financial Economics, Elsevier, vol. 115(1), pages 1-24.
    14. Samuel M. Hartzmark & Kelly Shue, 2017. "A Tough Act to Follow: Contrast Effects In Financial Markets," NBER Working Papers 23883, National Bureau of Economic Research, Inc.
    15. Gelain, Paolo & Lansing, Kevin J. & Natvik, Gisele J., 2015. "Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach," Working Paper Series 2015-2, Federal Reserve Bank of San Francisco.
    16. Massenot, Baptiste & Pettinicchi, Yuri, 2018. "Can firms see into the future? Survey evidence from Germany," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 66-79.
    17. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, Elsevier.
    18. Zhi Da & Borja Larrain & Clemens Sialm & José Tessada, 2016. "Coordinated Noise Trading: Evidence from Pension Fund Reallocations," NBER Working Papers 22161, National Bureau of Economic Research, Inc.
    19. Yang, Chunpeng & Zhou, Liyun, 2016. "Individual stock crowded trades, individual stock investor sentiment and excess returns," The North American Journal of Economics and Finance, Elsevier, vol. 38(C), pages 39-53.
    20. Raphael Schoenle & Kristian Ove Myrseth & Rawley Heimer, 2016. "YOLO: Mortality Beliefs and Household Finance Puzzles," 2016 Meeting Papers 661, Society for Economic Dynamics.
    21. Pierdzioch, Christian & Reitz, Stefan & Ruelke, Jan-Christoph, 2014. "Heterogeneous Forecasters and Nonlinear Expectation Formation in the U.S. Stock Market," FinMaP-Working Papers 11, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    22. Joao da Gama Batista & Domenico Massaro & Jean-Philippe Bouchaud & Damien Challet & Cars Hommes, 2015. "Do investors trade too much? A laboratory experiment," Papers 1512.03743, arXiv.org.
    23. Yang, Chunpeng & Zhou, Liyun, 2015. "Sentiment approach to underestimation and overestimation pricing model," Economic Modelling, Elsevier, vol. 51(C), pages 280-288.
    24. Noman, Abdullah & Naka, Atsuyuki & Zirek, Duygu, 2017. "Examining return predictability of industry style portfolios with prior return relative to a benchmark," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 193-203.
    25. Xavier Gabaix, 2017. "Behavioral Inattention," NBER Working Papers 24096, National Bureau of Economic Research, Inc.
    26. Cosset, Jean-Claude & Somé, Hyacinthe Y. & Valéry, Pascale, 2016. "Credible reforms and stock return volatility: Evidence from privatization," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 99-120.
    27. Rawley Z. Heimer & Kristian Ove R. Myrseth & Raphael S. Schoenle, 2015. "YOLO: Mortality Beliefs and Household Finance Puzzles," Working Papers 97, Brandeis University, Department of Economics and International Businesss School.
    28. John H. Cochrane, 2016. "Macro-Finance," NBER Working Papers 22485, National Bureau of Economic Research, Inc.
    29. Crump, Richard K. & Eusepi, Stefano & Moench, Emanuel, 2016. "The term structure of expectations and bond yields," Staff Reports 775, Federal Reserve Bank of New York, revised 01 Apr 2018.
    30. Khan, Mohammad Tariqul Islam & Tan, Siow-Hooi & Chong, Lee-Lee, 2017. "How past perceived portfolio returns affect financial behaviors—The underlying psychological mechanism," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1478-1488.
    31. Paolo Gelain & Kevin J. Lansing & Caterina Mendicino, 2012. "House prices, credit growth, and excess volatility: implications for monetary and macroprudential policy," Working Paper Series 2012-11, Federal Reserve Bank of San Francisco.
    32. Eleonora Granziera & Sharon Kozocki, 2012. "House Price Dynamics: Fundamentals and Expectations," Staff Working Papers 12-12, Bank of Canada.
    33. Laimutė Urbšienė & Andrius Bugajevas & Marekas Pipiras, 2016. "The Impact Of Investment Horizon On The Return And Risk Of Investments In Securities In Lithuania," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 7(2).
    34. William A. Branch & George W. Evans, 2013. "Bubbles, Crashes and Risk," CDMA Working Paper Series 201306, Centre for Dynamic Macroeconomic Analysis.
    35. Alycia Chin & Wändi Bruin, 2017. "Understanding the Formation of Consumers' Stock Market Expectations," Journal of Consumer Affairs, Wiley Blackwell, vol. 51(1), pages 200-210, March.
    36. Broer, Tobias & Kero, Afroditi, 2014. "Collateralisation bubbles when investors disagree about risk," CEPR Discussion Papers 10148, C.E.P.R. Discussion Papers.
    37. Shinichi Hirota & Juergen Huber & Thomas Stock & Shyam Sunder, 2015. "Investment Horizons and Price Indeterminacy in Financial Markets," Cowles Foundation Discussion Papers 2001, Cowles Foundation for Research in Economics, Yale University.
    38. Lansing, Kevin J. & Ma, Jun, 2014. "Explaining Exchange Rate Anomalies in a Model with Taylor-Rule Fundamentals and Consistent Expectations," Working Paper Series 2014-22, Federal Reserve Bank of San Francisco, revised 27 Jun 2016.
    39. William N. Goetzmann & Dasol Kim & Robert J. Shiller, 2016. "Crash Beliefs From Investor Surveys," NBER Working Papers 22143, National Bureau of Economic Research, Inc.
    40. Henk Berkman & Ben Jacobsen & John B. Lee, 2017. "Rare disaster risk and the expected equity risk premium," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(2), pages 351-372, June.
    41. Boehl, Gregor & Fischer, Thomas, 2017. "Capital Taxation and Investment: Matching 100 Years of Wealth Inequality Dynamics," Working Papers 2017:8, Lund University, Department of Economics.
    42. Arvid O. I. Hoffmann & Thomas Post & Tom Smith, 2017. "How return and risk experiences shape investor beliefs and preferences," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(3), pages 759-788, September.
    43. Gao, Bin & Yang, Chunpeng, 2017. "Forecasting stock index futures returns with mixed-frequency sentiment," International Review of Economics & Finance, Elsevier, vol. 49(C), pages 69-83.
    44. Yang, Chunpeng & Zhou, Liyun, 2015. "Investor trading behavior, investor sentiment and asset prices," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 42-62.
    45. Kaplanski, Guy & Levy, Haim & Veld, Chris & Veld-Merkoulova, Yulia, 2016. "Past returns and the perceived Sharpe ratio," Journal of Economic Behavior & Organization, Elsevier, vol. 123(C), pages 149-167.
    46. Abderrahmen Aloulou & Siwar Ellouze, 2017. "Does fundamental value run asset price formation process? Evidence from option price information content," Journal of Asset Management, Palgrave Macmillan, vol. 18(4), pages 255-268, July.
    47. Shamsuddin, Abul & Kim, Jae H., 2015. "Market sentiment and the Fama–French factor premia," Economics Letters, Elsevier, vol. 136(C), pages 129-132.
    48. Bianchi, Milo & Jehiel, Philippe, 2015. "Financial reporting and market efficiency with extrapolative investors," Journal of Economic Theory, Elsevier, vol. 157(C), pages 842-878.
    49. Ulrike Malmendier & Demian Pouzo & Vicotria Vanasco, 2016. "A Theory of Experience Effects," Papers 1612.09553, arXiv.org.
    50. Böhl, Gregor & Fischer, Thomas, 2017. "Can taxation predict US top-wealth share dynamics?," IMFS Working Paper Series 118, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    51. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    52. Grosshans, Daniel & Zeisberger, Stefan, 2018. "All’s well that ends well? On the importance of how returns are achieved," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 397-410.
    53. Wei, Jason, 2018. "Behavioral biases in the corporate bond market," Journal of Empirical Finance, Elsevier, vol. 46(C), pages 34-55.
    54. Pierdzioch, Christian & Reitz, Stefan & Ruelke, Jan-Christoph, 2015. "Heteroeneous forecasters and nonlinear expectation formation in US stock market," FinMaP-Working Papers 29, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    55. Jacopo Piana & Daniele Bianchi, 2017. "Expected Spot Prices and the Dynamics of Commodity Risk Premia," 2017 Meeting Papers 1149, Society for Economic Dynamics.
    56. Alessandro Bucciol & Raffaele Miniaci & Sergio Pastorello, 2015. "Return Expectations and Risk Aversion Heterogeneity in Household Portfolios," Working Papers 01/2015, University of Verona, Department of Economics.
    57. Merkle, Christoph, 2017. "Financial overconfidence over time: Foresight, hindsight, and insight of investors," Journal of Banking & Finance, Elsevier, vol. 84(C), pages 68-87.
    58. Madalina Gabriela ANGHEL & Constantin ANGHELACHE & Emilia STANCIU & Marius POPOVICI, 2016. "The Substantiation of the Investment Decision," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 94-103, August.

  20. Juan Botero & Alejandro Ponce & Andrei Shleifer, 2012. "Education and the Quality of Government," NBER Working Papers 18119, National Bureau of Economic Research, Inc.

    Cited by:

    1. Davide Cantoni & Noam Yuchtman, 2013. "The Political Economy of Educational Content and Development: Lessons from History," CESifo Working Paper Series 4221, CESifo Group Munich.
    2. Cesur, Resul & Mocan, Naci, 2014. "Does Secular Education Impact Religiosity, Electoral Participation and the Propensity to Vote for Islamic Parties? Evidence from an Education Reform in a Muslim Country," IZA Discussion Papers 8017, Institute for the Study of Labor (IZA).
    3. Madsen, Jakob B., 2016. "Barriers to Prosperity: Parasitic and Infectious Diseases, IQ, and Economic Development," World Development, Elsevier, vol. 78(C), pages 172-187.
    4. Juan Botero & Alejandro Ponce & Andrei Shleifer, "undated". "Education, Complaints, and Accountability," Working Paper 69711, Harvard University OpenScholar.
    5. Brückner, Markus & Gradstein, Mark, 2013. "Income and schooling," CEPR Discussion Papers 9365, C.E.P.R. Discussion Papers.
    6. Kodila-Tedika, Oasis, 2013. "Forget your gods: African evidence on the relation between state capacity and cognitive ability of leading politicians," MPRA Paper 46449, University Library of Munich, Germany.
    7. Naci Mocan & Luiza Pogorelova, 2014. "Compulsory Schooling Laws and Formation of Beliefs: Education, Religion and Superstition," Koç University-TUSIAD Economic Research Forum Working Papers 1423, Koc University-TUSIAD Economic Research Forum.
    8. Oasis Kodila-Tedika & Simplice Asongu & Florentin Azia-Dimbu, 2015. "Statistics and IQ in Developing Countries: A Note," Working Papers 15/030, African Governance and Development Institute..
    9. Mocan, Naci & Pogorelova, Luiza, 2014. "Compulsory Schooling Laws and Formation of Beliefs: Education, Religion and Superstition," IZA Discussion Papers 8698, Institute for the Study of Labor (IZA).
    10. Kodila-Tedika, Oasis & Mutascu, Mihai, 2014. "Tax Revenues and Intelligence: A Cross-Sectional Evidence," MPRA Paper 57581, University Library of Munich, Germany.
    11. Fuchs-Schündeln, Nicola & Masella, Paolo, 2013. "Long-Lasting Effects of Socialist Education," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79865, Verein für Socialpolitik / German Economic Association.
    12. Andrea Cammelli, 2014. "Investire nei giovani: se non ora, quando?," Working Papers 68, AlmaLaurea Inter-University Consortium.
    13. Kodila-Tedika, Oasis & Tcheta-Bampa, Albert, 2014. "Cold War and Institutional Quality: Some Empirical Evidence," MPRA Paper 53965, University Library of Munich, Germany.
    14. Di Liberto, Adriana & Sideri, Marco, 2015. "Past dominations, current institutions and the Italian regional economic performance," European Journal of Political Economy, Elsevier, vol. 38(C), pages 12-41.
    15. Naci Mocan & Luiza Pogorelova, 2014. "Compulsory Schooling Laws and Formation of Beliefs: Education, Religion and Superstition," NBER Working Papers 20557, National Bureau of Economic Research, Inc.
    16. Rabah Arezki & Herbert Lui & Marc G Quintyn & Frederik G Toscani, 2012. "Education Attainment in Public Administration Around the World; Evidence from a New Dataset," IMF Working Papers 12/231, International Monetary Fund.

  21. Shleifer, Andrei, 2012. "Psychologists at the Gate: Review of Daniel Kahneman’s Thinking, Fast and Slow," Scholarly Articles 10735580, Harvard University Department of Economics.

    Cited by:

    1. Giovanni Ferri & Matteo Ploner & Matteo Rizzolli, 2016. "Trading Fast and Slow: The Role Of Deliberation In Experimental Financial Markets," CERBE Working Papers wpC07, CERBE Center for Relationship Banking and Economics.
    2. Hoff, Karla, 2015. "Behavioral economics and social exclusion : can interventions overcome prejudice ?," Policy Research Working Paper Series 7198, The World Bank.
    3. Paul Pautler, 2015. "A Brief History of the FTC’s Bureau of Economics: Reports, Mergers, and Information Regulation," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 46(1), pages 59-94, February.
    4. Kelvin Balcombe & Iain Fraser, 2015. "Parametric preference functionals under risk in the gain domain: A Bayesian analysis," Journal of Risk and Uncertainty, Springer, vol. 50(2), pages 161-187, April.
    5. Argyris, Nikolaos & French, Simon, 2017. "Nuclear emergency decision support: A behavioural OR perspective," European Journal of Operational Research, Elsevier, vol. 262(1), pages 180-193.
    6. Riener, Gerhard & Wagner, Valentin, 2017. "Shying away from demanding tasks? Experimental evidence on gender differences in answering multiple-choice questions," Economics of Education Review, Elsevier, vol. 59(C), pages 43-62.

  22. Alberto Chong & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2012. "Letter Grading Government Efficiency," NBER Working Papers 18268, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ilzetzki, Ethan & Simonelli, Saverio, 2017. "Measuring productivity dispersion:Lessons from counting one-hundred million ballots," LSE Research Online Documents on Economics 86150, London School of Economics and Political Science, LSE Library.
    2. Djankov, Simeon & Nikolova, Elena & Zilinsky, Jan, 2016. "The happiness gap in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 44(1), pages 108-124.
    3. Jerch, Rhiannon & Kahn, Matthew E. & Li, Shanjun, 2017. "The efficiency of local government: The role of privatization and public sector unions," Journal of Public Economics, Elsevier, vol. 154(C), pages 95-121.
    4. Matt Andrews & Lant Pritchett & Michael Woolcock, 2016. "The Big Stuck in State Capability for Policy Implementation," CID Working Papers 318, Center for International Development at Harvard University.
    5. Yutaka Suzuki, 2013. "Hierarchical Global Pollution Control in Asymmetric Information Environments: A Continuous-type, Three-tier Agency Framework," Working Papers e65, Tokyo Center for Economic Research.
    6. Di Liberto, Adriana & Sideri, Marco, 2015. "Past dominations, current institutions and the Italian regional economic performance," European Journal of Political Economy, Elsevier, vol. 38(C), pages 12-41.
    7. Woolcock, Michael, 2013. "Using Case Studies to Explore the External Validity of 'Complex' Development Interventions," Working Paper Series rwp13-048, Harvard University, John F. Kennedy School of Government.
    8. Mitton, Todd, 2016. "The wealth of subnations: Geography, institutions, and within-country development," Journal of Development Economics, Elsevier, vol. 118(C), pages 88-111.
    9. Amin, Mohammad & Djankov, Simeon, 2014. "Democratic institutions and regulatory reforms," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 839-854.
    10. Pranab Bardhan, 2016. "State and Development: The Need for a Reappraisal of the Current Literature," Journal of Economic Literature, American Economic Association, vol. 54(3), pages 862-892, September.
    11. Giacomelli, Silvia & Tonello, Marco, 2018. "Assessing bureaucratic start-up costs through Mystery Calls. Evidence from the One-stop shops for doing business," European Journal of Political Economy, Elsevier, vol. 51(C), pages 121-140.
    12. Jerónimo Carballo & Georg Schaur & Christian Volpe Martincus, 2016. "Posts as Trade Facilitators," IDB Publications (Working Papers) 7681, Inter-American Development Bank.

  23. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience in Experimental Tests of the Endowment Effect," NBER Working Papers 17761, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ronayne, David & Brown, Gordon D.A., 2016. "Multi-attribute decision by sampling: An account of the attraction, comprimise and similarity effects," The Warwick Economics Research Paper Series (TWERPS) 1124, University of Warwick, Department of Economics.
    2. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience Theory of Choice Under Risk," Working Paper 29210, Harvard University OpenScholar.
    3. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    4. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    5. Isoni, Andrea & Brooks, Peter & Loomes, Graham & Sugden, Robert, 2016. "Do markets reveal preferences or shape them?," Journal of Economic Behavior & Organization, Elsevier, vol. 122(C), pages 1-16.
    6. Gennaioli, Nicola & Martin, Alberto & Rossi, Stefano, 2010. "Sovereign Default, Domestic Banks and Financial Institutions," CEPR Discussion Papers 7955, C.E.P.R. Discussion Papers.
    7. Dertwinkel-Kalt, Markus & Köhler, Katrin, 2016. "Exchange asymmetries for bads? Experimental evidence," European Economic Review, Elsevier, vol. 82(C), pages 231-241.
    8. Andersson, Ola & Ingebretsen Carlson, Jim & Wengström, Erik, 2016. "Differences Attract: An Experimental Study of Focusing in Economic Choice," Working Paper Series 1145, Research Institute of Industrial Economics.
    9. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience and Consumer Choice," Working Paper 62321, Harvard University OpenScholar.
    10. Lunn, Pete & Lunn, Mary, 2014. "A Computational Theory of Willingness to Exchange," Papers WP477, Economic and Social Research Institute (ESRI).
    11. Keith M. Marzilli Ericson & Andreas Fuster, 2013. "The Endowment Effect," NBER Working Papers 19384, National Bureau of Economic Research, Inc.
    12. Dertwinkel-Kalt, Markus, 2015. "Salience and health campaigns," DICE Discussion Papers 186, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    13. Small, Kenneth A., 2012. "Valuation of travel time," Economics of Transportation, Elsevier, vol. 1(1), pages 2-14.
    14. Barna Bakó & Gábor Neszveda & Linda Dezső, 2018. "When irrelevant alternatives do matter. The effect of focusing on loan decisions," Theory and Decision, Springer, vol. 84(1), pages 123-141, January.
    15. Shleifer, Andrei, 2012. "Psychologists at the Gate: Review of Daniel Kahneman’s Thinking, Fast and Slow," Scholarly Articles 10735580, Harvard University Department of Economics.
    16. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    17. Markus Dertwinkel-Kalt & Katrin Köhler & Mirjam R. J. Lange & Tobias Wenzel, 2017. "Demand Shifts Due to Salience Effects: Experimental Evidence," Journal of the European Economic Association, European Economic Association, vol. 15(3), pages 626-653.
    18. Brown, Thomas C. & Morrison, Mark D. & Benfield, Jacob A. & Rainbolt, Gretchen Nurse & Bell, Paul A., 2015. "Exchange asymmetry in experimental settings," Journal of Economic Behavior & Organization, Elsevier, vol. 120(C), pages 104-116.

  24. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2012. "Money Doctors," NBER Working Papers 18174, National Bureau of Economic Research, Inc.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2015. "Money Doctors," Journal of Finance, American Finance Association, vol. 70(1), pages 91-114, February.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money Doctors," Working Papers 464, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, "undated". "Money Doctors," Working Paper 228501, Harvard University OpenScholar.
    • Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "Money doctors," Economics Working Papers 1355, Department of Economics and Business, Universitat Pompeu Fabra.
    • Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert W., 2014. "Money Doctors," Scholarly Articles 12965657, Harvard University Department of Economics.

    Cited by:

    1. Nicolae B. Gârleanu & Lasse H. Pedersen, 2015. "Efficiently Inefficient Markets for Assets and Asset Management," NBER Working Papers 21563, National Bureau of Economic Research, Inc.
    2. Axel Stahmer, 2015. "Fund flows inducing mispricing of risk in competitive financial markets," ESMT Research Working Papers ESMT-15-04, ESMT European School of Management and Technology.
    3. Savov, Alexi, 2014. "The price of skill: Performance evaluation by households," Journal of Financial Economics, Elsevier, vol. 112(2), pages 213-231.
    4. Claire Célérier & Boris Vallée, 2016. "Catering to investors through product complexity," ESRB Working Paper Series 14, European Systemic Risk Board.
    5. Taffler, Richard J. & Spence, Crawford & Eshraghi, Arman, 2017. "Emotional economic man: Calculation and anxiety in fund management," Accounting, Organizations and Society, Elsevier, vol. 61(C), pages 53-67.
    6. Gregor Matvos & Amit Seru & Mark Egan, 2016. "The Market for Financial Adviser Misconduct," 2016 Meeting Papers 516, Society for Economic Dynamics.
    7. Stephen Foerster & Juhani T. Linnainmaa & Brian T. Melzer & Alessandro Previtero, 2014. "Retail Financial Advice: Does One Size Fit All?," NBER Working Papers 20712, National Bureau of Economic Research, Inc.
    8. Ibert, Marcus & Kaniel, Ron & van Nieuwerburgh, Stijn & Vestman, Roine, 2017. "Are Mutual Fund Managers Paid For Investment Skill?," CEPR Discussion Papers 12241, C.E.P.R. Discussion Papers.
    9. Li, Zhe & Massa, Massimo & Xu, Niahang & Zhang, Hong, 2016. "The Impact of Sin Culture: Evidence from Earning Management and Alcohol Consumption in China," CEPR Discussion Papers 11475, C.E.P.R. Discussion Papers.
    10. Eisenbach, Thomas M. & Schmalz, Martin C., 2013. "Anxiety in the face of risk," Staff Reports 610, Federal Reserve Bank of New York, revised 01 Dec 2015.
    11. Ugo Panizza, 2015. "Billions on the Sidewalk: Improving Savings by Reducing Investment Mistakes," IHEID Working Papers 18-2015, Economics Section, The Graduate Institute of International Studies.
    12. Papanastasopoulos, Georgios A. & Tsiritakis, Emmanuel, 2015. "The accrual anomaly in Europe: The role of accounting distortions," International Review of Financial Analysis, Elsevier, vol. 41(C), pages 176-185.
    13. Dahlquist, Magnus & Martinez, José Vicente & Söderlind, Paul, 2012. "Individual Investor Activity and Performance," CEPR Discussion Papers 8744, C.E.P.R. Discussion Papers.
    14. Riccardo Calcagno & Maela Giofré & Maria Cesira Urzì-Brancati, 2016. "To trust is good, but to control is better: how investors discipline financial advisors’ activity," CeRP Working Papers 157, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    15. Marco Di Maggio & Francesco Franzoni & Amir Kermani & Carlo Sommavilla, 2017. "The Relevance of Broker Networks for Information Diffusion in the Stock Market," NBER Working Papers 23522, National Bureau of Economic Research, Inc.
    16. Ariadna Dumitrescu & Javier Gil-Bazo, 2015. "Familiarity and Competition: The Case of Mutual Funds," Working Papers 815, Barcelona Graduate School of Economics.
    17. Thomas Philippon, 2016. "The FinTech Opportunity," NBER Working Papers 22476, National Bureau of Economic Research, Inc.
    18. Foà, Gabriele & Gambacorta, Leonardo & Guiso, Luigi & Mistrulli, Paolo Emilio, 2015. "The supply side of household finance," CEPR Discussion Papers 10714, C.E.P.R. Discussion Papers.
    19. Zhi Da & Borja Larrain & Clemens Sialm & José Tessada, 2016. "Coordinated Noise Trading: Evidence from Pension Fund Reallocations," NBER Working Papers 22161, National Bureau of Economic Research, Inc.
    20. Lily Fang & Victoria Ivashina & Josh Lerner, 2013. "The Disintermediation of Financial Markets: Direct Investing in Private Equity," NBER Working Papers 19299, National Bureau of Economic Research, Inc.
    21. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    22. David Hirshleifer & Chong Huang & Siew Hong Teoh, 2017. "Model Uncertainty, Ambiguity Aversion, and Market Participation," NBER Working Papers 24143, National Bureau of Economic Research, Inc.
    23. Chunxin Jia & Yaping Wang & Wei Xiong, 2015. "Social Trust and Differential Reactions of Local and Foreign Investors to Public News," NBER Working Papers 21075, National Bureau of Economic Research, Inc.
    24. Hirshleifer, David, 2014. "Behavioral Finance," MPRA Paper 59028, University Library of Munich, Germany.
    25. A.M.J. Deetlefs & H. Bateman & L. Isabella Dobrescu & B.R. Newell & Andreas Ortmann & Susan Thorp, 2015. "Suspicious Minds (can be a good thing when saving for retirement)," Discussion Papers 2015-06A, School of Economics, The University of New South Wales.
    26. Paek, Miyoun & Ko, Kwangsoo, 2014. "Aggregate net flows, inflows, and outflows of equity funds: The U.S. versus Japan," Japan and the World Economy, Elsevier, vol. 32(C), pages 85-95.
    27. Francesco D'Acunto & Marcel Prokopczuk & Michael Weber, 2017. "Historical Antisemitism, Ethnic Specialization, and Financial Development," CESifo Working Paper Series 6643, CESifo Group Munich.
    28. Marcel Prokopczuk & Francesco D'Acunto & Michael Weber, 2015. "Distrust in Finance Lingers: Jewish Persecution and Households' Investments," 2015 Meeting Papers 26, Society for Economic Dynamics.
    29. Filipiak, Ute, 2016. "Trusting financial institutions: Out of reach, out of trust?," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 200-214.
    30. Jin, Dawei & Wang, Haizhi & Wang, Peng & Yin, Desheng, 2016. "Social trust and foreign ownership: Evidence from qualified foreign institutional investors in China," Journal of Financial Stability, Elsevier, vol. 23(C), pages 1-14.
    31. Massa, Massimo & Wang, Chengwei & Zhang, Hong & Zhang, Jian, 2015. "Investing in Low-Trust Countries: Trust in the Global Mutual Fund Industry," CEPR Discussion Papers 10472, C.E.P.R. Discussion Papers.
    32. Jennifer Brown & Dylan Minor, 2015. "Misconduct in Financial Services: Differences across Organizations," Harvard Business School Working Papers 16-022, Harvard Business School.
    33. Joseph Gerakos & Juhani T. Linnainmaa & Adair Morse, 2016. "Asset Managers: Institutional Performance and Smart Betas," NBER Working Papers 22982, National Bureau of Economic Research, Inc.
    34. Bucciol, Alessandro & Zarri, Luca, 2017. "Do personality traits influence investors’ portfolios?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 1-12.
    35. Hoffmann, Florian & Inderst, Roman & Opp, Marcus, 2014. "Regulating Deferred Incentive Pay," CEPR Discussion Papers 9877, C.E.P.R. Discussion Papers.
    36. Gabaix, Xavier & Laibson, David & Li, Deyuan & Li, Hongyi & Resnick, Sidney & de Vries, Casper G., 2016. "The impact of competition on prices with numerous firms," Journal of Economic Theory, Elsevier, vol. 165(C), pages 1-24.
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    39. Gianpaolo Parise & Kim Peijnenburg, 2017. "Understanding the determinants of financial outcomes and choices: the role of noncognitive abilities," BIS Working Papers 640, Bank for International Settlements.
    40. Beckmann, Elisabeth & Mare, Davide Salvatore, 2017. "Formal and informal household savings: how does trust in financial institutions influence the choice of saving instruments?," MPRA Paper 81141, University Library of Munich, Germany.
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  25. Andrei Shleifer, 2012. "Seven lessons from post-communist transition," CASE Network E-briefs 03, CASE-Center for Social and Economic Research.

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    Cited by:

    1. G. Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.
    2. Schnabel, Isabel & Schüwer, Ulrich, 2016. "What drives the relationship between bank and sovereign credit risk?," Working Papers 07/2016, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    3. Junye Li & Gabriele Zinna, 2014. "How much of bank credit risk is sovereign risk? Evidence from the eurozone," Temi di discussione (Economic working papers) 990, Bank of Italy, Economic Research and International Relations Area.
    4. Delatte, Anne-Laure & Fouquau, Julien & Portes, Richard, 2014. "Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts," CEPR Discussion Papers 9898, C.E.P.R. Discussion Papers.
    5. Mengus, E., 2014. "Honoring Sovereign Debt or Bailing Out Domestic Residents: A Theory of Internal Costs of Default," Working papers 480, Banque de France.
    6. Pablo D'Erasmo & Enrique G. Mendoza & Jing Zhang, 2015. "What is a Sustainable Public Debt?," NBER Working Papers 21574, National Bureau of Economic Research, Inc.
    7. Russell Cooper & Kalin Nikolov, 2013. "Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty," NBER Working Papers 19278, National Bureau of Economic Research, Inc.
    8. Karatas, B., 2014. "Financial crisis and monetary policy," Other publications TiSEM 41e463f0-e122-4379-8db5-6, Tilburg University, School of Economics and Management.
    9. Cornand, Camille & Gandré, Pauline & Gimet, Céline, 2016. "Increase in home bias in the Eurozone debt crisis: The role of domestic shocks," Economic Modelling, Elsevier, vol. 53(C), pages 445-469.
    10. Kallestrup, René & Lando, David & Murgoci, Agatha, 2016. "Financial sector linkages and the dynamics of bank and sovereign credit spreads," Journal of Empirical Finance, Elsevier, vol. 38(PA), pages 374-393.
    11. Viral Acharya & Itamar Drechsler & Philipp Schnabl, 2014. "A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk," Journal of Finance, American Finance Association, vol. 69(6), pages 2689-2739, December.
    12. Acharya, Viral & Pierret, Diane & Steffen, Sascha, 2016. "Lender of last resort versus buyer of last resort: The impact of the European Central Bank actions on the bank-sovereign nexus," ZEW Discussion Papers 16-019, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    13. Jin Cheng & Meixing Dai & Frédéric Dufourt, 2014. "Banking and Sovereign Debt Crises in Monetary Union Without Central Bank Intervention," Working Papers of BETA 2014-05, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    14. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2014. "“Causality and Contagion in EMU Sovereign Debt Markets”," IREA Working Papers 201403, University of Barcelona, Research Institute of Applied Economics, revised Feb 2014.
    15. Fernando Broner & Alberto Martín & Jaume Ventura, 2006. "Sovereign Risk and Secondary Markets," Working Papers 288, Barcelona Graduate School of Economics.
    16. Horvath, B.L. & Huizinga, H.P., 2011. "Does the European Financial Stability Facility bail out Sovereigns or Banks? An Event Study," Discussion Paper 2011-118, Tilburg University, Center for Economic Research.
    17. Catão, Luis A.V. & Mano, Rui C., 2017. "Default premium," Journal of International Economics, Elsevier, vol. 107(C), pages 91-110.
    18. Gabrisch, Hurbert & Orlowski, Lucjan & Pusch, Toralf, 2012. "Sovereign Default Risk in the Euro-Periphery and the Euro-Candidate Countries," Working Papers 2012002, Sacred Heart University, John F. Welch College of Business.
    19. Alberto Martin & Filippo Taddei, 2010. "International Capital Flows and Credit Market Imperfections: a Tale of Two Frictions," Carlo Alberto Notebooks 160, Collegio Carlo Alberto, revised 2011.
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    21. Schnabel, Isabel & Schüwer, Ulrich, 2017. "What Drives the Sovereign-Bank Nexus?," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168259, Verein für Socialpolitik / German Economic Association.
    22. Cesar Sosa-Padilla, 2012. "Sovereign Defaults and Banking Crises," Department of Economics Working Papers 2012-09, McMaster University, revised Aug 2015.
    23. Brunnermeier, Markus K. & Oehmke, Martin, 2013. "Bubbles, Financial Crises, and Systemic Risk," Handbook of the Economics of Finance, Elsevier.
    24. Pablo D'Erasmo & Enrique G. Mendoza, 2013. "Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default," NBER Working Papers 19477, National Bureau of Economic Research, Inc.
    25. Massimiliano Affinito & Giorgio Albareto & Raffaele Santioni, 2016. "Purchases of sovereign debt securities by Italian banks during the crisis: the role of balance-sheet conditions," Questioni di Economia e Finanza (Occasional Papers) 330, Bank of Italy, Economic Research and International Relations Area.
    26. Gómez-Puig, Marta & Sosvilla-Rivero, Simón, 2013. "Granger-causality in peripheral EMU public debt markets: A dynamic approach," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4627-4649.
    27. Peter Sinclair, 2011. "Deficits, Debts and Defaults - Past, Present and Future," Discussion Papers 11-20, Department of Economics, University of Birmingham.
    28. Nicholas Apergis & Ahdi Noomen Ajmi, 2015. "Systemic Sovereign Risk and Asset Prices: Evidence from the CDS Market, Stressed European Economies and Nonlinear Causality Tests," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 65(2), pages 106-126, April.
    29. Velde, Francois R., 2016. "What We Learn from a Sovereign Debt Restructuring in France in 1721," Economic Perspectives, Federal Reserve Bank of Chicago, issue 5, pages 1-17.
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    31. Nicola Gennaioli & Alberto Martín & Stefano Rossi, 2016. "Government Default, Bonds, and Bank Lending Around the World: What do the Data Say?," Working Papers 910, Barcelona Graduate School of Economics.
    32. Banerjee, Anurag & Hung, Chi-Hsiou Daniel & Lo, Kai Lisa, 2016. "An anatomy of credit risk transfer between sovereign and financials in the Eurozone crisis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 41(C), pages 102-120.
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    37. Tirole, Jean, 2012. "Country Solidarity, Private Sector Involvement and the Contagion of Sovereign Crises," IDEI Working Papers 761, Institut d'Économie Industrielle (IDEI), Toulouse, revised Sep 2012.
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    39. Panetta, Fabio & Correa, Ricardo & Davies, Michael & Di Cesare, Antonio & Marques, José-Manuel & Nadal de Simone, Francisco & Signoretti, Federico & Vespro, Cristina & Vildo, Siret & Wieland, Martin &, 2011. "The impact of sovereign credit risk on bank funding conditions," MPRA Paper 32581, University Library of Munich, Germany.
    40. Andreasen, Eugenia, 2015. "Sovereign default, enforcement and the private cost of capital," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 411-427.
    41. Scholl, Almuth & Kaas, Leo & Meller, Jan, 2016. "Sovereign and Private Default Risks over the Business Cycle," Annual Conference 2016 (Augsburg): Demographic Change 145958, Verein für Socialpolitik / German Economic Association.
    42. Altavilla, Carlo & Pagano, Marco & Simonelli, Saverio, 2016. "Bank exposures and sovereign stress transmission," CFS Working Paper Series 539, Center for Financial Studies (CFS).
    43. Kirschenmann, Karolin & Korte, Josef & Steffen, Sascha, 2017. "The zero risk fallacy? Banks' sovereign exposure and sovereign risk spillovers," ZEW Discussion Papers 17-069, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    44. Leonello, Agnese, 2017. "Government guarantees and the two-way feedback between banking and sovereign debt crises," Working Paper Series 2067, European Central Bank.
    45. Ari, Anil, 2016. "Sovereign risk and bank risk-taking," Working Paper Series 1894, European Central Bank.
    46. Clemens Bonner & Iman Lelyveld & Robert Zymek, 2015. "Banks’ Liquidity Buffers and the Role of Liquidity Regulation," Journal of Financial Services Research, Springer;Western Finance Association, vol. 48(3), pages 215-234, December.
    47. Thesmar, David & Ors, Evren & Derrien, Francois & Boissel, Charles, 2015. "Systemic Risk in Clearing Houses: Evidence from the European Repo Market," Les Cahiers de Recherche 1112, HEC Paris.
    48. Ugo Albertazzi & Tiziano Ropele & Gabriele Sene & Federico M. Signoretti, 2012. "The impact of the sovereign debt crisis on the activity of Italian banks," Questioni di Economia e Finanza (Occasional Papers) 133, Bank of Italy, Economic Research and International Relations Area.
    49. Guo, Yanling, 2015. "The role of lenders' trust in determining borrowing conditions for sovereign debt: An analysis of one-period government bonds with default risk," Economics Discussion Papers 2015-30, Kiel Institute for the World Economy (IfW).
    50. Stefan Eichler, 2017. "How Do Political Factors Shape the Bank Risk–Sovereign Risk Nexus in Emerging Markets?," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 451-474, August.
    51. Marlene Amstad & Frank Packer & Jimmy Shek, 2018. "Does sovereign risk in local and foreign currency differ?," BIS Working Papers 709, Bank for International Settlements.
    52. Paltalidis, Nikos & Gounopoulos, Dimitrios & Kizys, Renatas & Koutelidakis, Yiannis, 2015. "Transmission channels of systemic risk and contagion in the European financial network," Journal of Banking & Finance, Elsevier, vol. 61(S1), pages 36-52.
    53. Clemens Bonner, 2016. "Preferential Regulatory Treatment and Banks' Demand for Government Bonds," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(6), pages 1195-1221, September.
    54. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2011. "Causality and contagion in peripheral EMU public debt markets: a dynamic approach," Working Papers del Instituto Complutense de Estudios Internacionales 1108, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales.
    55. Carlos Pérez Montes, 2013. "The impact of interbank and public debt markets on the competition for bank deposits," Working Papers 1319, Banco de España;Working Papers Homepage.
    56. Faia, Ester, 2016. "Sovereign Risk, Bank Funding and Investors' Pessimism," CEPR Discussion Papers 11340, C.E.P.R. Discussion Papers.
    57. Juan J. Cruces & Christoph Trebesch, 2011. "Sovereign Defaults: The Price of Haircuts," CESifo Working Paper Series 3604, CESifo Group Munich.
    58. Ricardo Reis, 2015. "Comment on "External and Public Debt Crises"," NBER Chapters,in: NBER Macroeconomics Annual 2015, Volume 30, pages 245-256 National Bureau of Economic Research, Inc.
    59. Buch, Claudia M. & Koetter, Michael & Ohls, Jana, 2016. "Banks and sovereign risk: A granular view," Journal of Financial Stability, Elsevier, vol. 25(C), pages 1-15.
    60. Benedetta Bianchi, 2016. "Sovereign Risk Premia and the International Balance Sheet: Lessons from the European Crisis," Open Economies Review, Springer, vol. 27(3), pages 471-493, July.
    61. Filippo De Marco & Marco Macchiavelli, 2016. "The Political Origin of Home Bias: The Case of Europe," Finance and Economics Discussion Series 2016-060, Board of Governors of the Federal Reserve System (U.S.).
    62. Kirchner, Markus & Wijnbergen, Sweder van, 2016. "Fiscal deficits, financial fragility, and the effectiveness of government policies," Journal of Monetary Economics, Elsevier, vol. 80(C), pages 51-68.
    63. Barclay E. James & Paul M. Vaaler, 2017. "Experience, Equity and Foreign Investment Risk: A PIC Perspective," Management International Review, Springer, vol. 57(2), pages 209-241, April.
    64. Edward I. Altman & Herbert A. Rijken, 2011. "Toward a Bottom‐Up Approach to Assessing Sovereign Default Risk," Journal of Applied Corporate Finance, Morgan Stanley, vol. 23(1), pages 20-31, January.
    65. Emmanuel Farhi & Jean Tirole, 2017. "Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops," EconPol Working Paper 1, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    66. Viral V. Acharya & Raghuram G. Rajan, 2011. "Sovereign Debt, Government Myopia, and the Financial Sector," NBER Working Papers 17542, National Bureau of Economic Research, Inc.
    67. José-Luis Peydró & Andrea Polo & Sette Enrico, 2017. "Monetary policy at work: Security and credit application registers evidence," Economics Working Papers 1565, Department of Economics and Business, Universitat Pompeu Fabra.
    68. Gruber, Alexander & Kogler, Michael, 2016. "Banks and Sovereigns: A Model of Mutual Contagion," Economics Working Paper Series 1614, University of St. Gallen, School of Economics and Political Science.
    69. Acharya, Viral V. & Steffen, Sascha, 2015. "The “greatest” carry trade ever? Understanding eurozone bank risks," Journal of Financial Economics, Elsevier, vol. 115(2), pages 215-236.
    70. Kräussl, Roman & Lehnert, Thorsten & Stefanova, Denitsa, 2016. "The European sovereign debt crisis: What have we learned?," Journal of Empirical Finance, Elsevier, vol. 38(PA), pages 363-373.
    71. Ashoka Mody & Damiano Sandri, 2012. "The eurozone crisis: how banks and sovereigns came to be joined at the hip," Economic Policy, CEPR;CES;MSH, vol. 27(70), pages 199-230, April.
    72. Jakob Korbinian Eberl, 2016. "The Collateral Framework of the Eurosystem and Its Fiscal Implications," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 69.
    73. Fong, Tom Pak Wing & Li, Ka-Fai & Fu, John, 2018. "Accounting for sovereign tail risk in emerging economies: The role of global and domestic risk factors," Emerging Markets Review, Elsevier, vol. 34(C), pages 98-110.
    74. Augustin, Patrick & Sokolovski, Valeri & Subrahmanyam, Marti G., 2016. "Why do investors buy sovereign default insurance?," CFS Working Paper Series 540, Center for Financial Studies (CFS).
    75. Pablo D'Erasmo & Bora Durdu & Emine Boz, 2013. "Sovereign Default Risk and Bank Balance Sheets," 2013 Meeting Papers 1045, Society for Economic Dynamics.
    76. Pablo D'Erasmo & Bora Durdu & Emine Boz, 2014. "Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies," 2014 Meeting Papers 641, Society for Economic Dynamics.
    77. Edward I. Altman & Herbert A. Rijken, 2013. "Sovereign default risk assessment," International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 5(1/2), pages 6-27.
    78. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2014. "Banks, Government Bonds, and Default; What do the Data Say?," IMF Working Papers 14/120, International Monetary Fund.
    79. Vlassopoulos, Thomas & C. Andreeva, Desislava, 2016. "Home bias in bank sovereign bond purchases and the bank-sovereign nexus," Working Paper Series 1977, European Central Bank.
    80. Vortelinos, Dimitrios I. & Saha, Shrabani, 2016. "The impact of political risk on return, volatility and discontinuity: Evidence from the international stock and foreign exchange markets," Finance Research Letters, Elsevier, vol. 17(C), pages 222-226.
    81. Eijffinger, Sylvester C W & Karatas, Bilge, 2013. "Three Sisters: The Interlinkage between Sovereign Debt, Currency and Banking Crises," CEPR Discussion Papers 9369, C.E.P.R. Discussion Papers.
    82. Filippo Brutti & Philip Ulrich Sauré, 2014. "Repatriation of Debt in the Euro Crisis: Evidence for the Secondary Market Theory," Working Papers 2014-03, Swiss National Bank.
    83. Natalya Martynova & Lev Ratnovski & Razvan Vlahu, 2015. "Bank Profitability and Risk-Taking," IMF Working Papers 15/249, International Monetary Fund.
    84. Phan, Toan, 2017. "A model of sovereign debt with private information," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 1-17.
    85. Nathan Foley-Fisher & Eoin McLaughlin, 2015. "Sovereign debt guarantees and default: Lessons from the UK and Ireland, 1920-1938," Discussion Papers in Environment and Development Economics 2015-11, University of St. Andrews, School of Geography and Sustainable Development.
    86. Ağca, Şenay & Celasun, Oya, 2012. "Sovereign debt and corporate borrowing costs in emerging markets," Journal of International Economics, Elsevier, vol. 88(1), pages 198-208.
    87. Ugo Panizza, 2013. "Do We Need a Mechanism for Solving Sovereign Debt Crises? A Rule-Based Discussion," IHEID Working Papers 03-2013, Economics Section, The Graduate Institute of International Studies.
    88. Kizys, Renatas & Paltalidis, Nikos & Vergos, Konstantinos, 2016. "The quest for banking stability in the euro area: The role of government interventions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 40(C), pages 111-133.
    89. Guido Sandleris, 2015. "The Costs of Sovereign Defaults:Theory and Empirical Evidence," Business School Working Papers 2015-02, Universidad Torcuato Di Tella.
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    93. Maximilian Podstawski & Anton Velinov, 2016. "The State Dependent Impact of Bank Exposure on Sovereign Risk," Discussion Papers of DIW Berlin 1550, DIW Berlin, German Institute for Economic Research.
    94. Holtemöller, Oliver & Scherer, Jan-Christopher, 2018. "Sovereign stress, banking stress, and the monetary transmission mechanism in the Euro area," IWH Discussion Papers 3/2018, Halle Institute for Economic Research (IWH).
    95. Michaelides, Alexander, 2014. "What Happened in Cyprus?," CEPR Discussion Papers 9993, C.E.P.R. Discussion Papers.
    96. Anna Battauz & Marzia Donno & Alessandro Sbuelz, 2017. "Reaching nirvana with a defaultable asset?," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 40(1), pages 31-52, November.
    97. Grobéty, Mathieu, 2018. "Government debt and growth: The role of liquidity," Journal of International Money and Finance, Elsevier, vol. 83(C), pages 1-22.
    98. Jeanneret, Alexandre & Souissi, Slim, 2016. "Sovereign defaults by currency denomination," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 197-222.
    99. Ari, Anil, 2018. "Sovereign risk and bank risk-taking," ESRB Working Paper Series 73, European Systemic Risk Board.
    100. Bedendo, Mascia & Colla, Paolo, 2015. "Sovereign and corporate credit risk: Evidence from the Eurozone," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 34-52.
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    102. Maximilian Goedl, 2017. "The Sovereign-Bank Interaction in the Eurozone Crisis," Graz Economics Papers 2017-10, University of Graz, Department of Economics.
    103. Flavia Corneli & Emanuele Tarantino, 2015. "Sovereign debt and reserves with liquidity and productivity crises," Temi di discussione (Economic working papers) 1012, Bank of Italy, Economic Research and International Relations Area.
    104. Guo, Yanling, 2015. "A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 9, pages 1-52.
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    128. Hasan, Iftekhar & Kim, Suk-Joong & Wu, Eliza, 2015. "The effects of ratings-contingent regulation on international bank lending behavior: Evidence from the Basel 2 Accord," Journal of Banking & Finance, Elsevier, vol. 61(S1), pages 53-68.
    129. Rajkamal Iyer & Thais Jensen, & Niels Johannesen & Adam Sheridan, 2016. "The Run for Safety: Financial Fragility and Deposit Insurance," EPRU Working Paper Series 1602, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    130. Becker, Christian & Ossandon Busch, Matias & Tonzer, Lena, 2017. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," IWH Discussion Papers 21/2017, Halle Institute for Economic Research (IWH).
    131. Pagano, Michael S. & Sedunov, John, 2016. "A comprehensive approach to measuring the relation between systemic risk exposure and sovereign debt," Journal of Financial Stability, Elsevier, vol. 23(C), pages 62-78.
    132. Occhino, Filippo, 2017. "The 2012 eurozone crisis and the ECB’s OMT program: A debt-overhang banking and sovereign crisis interpretation," European Economic Review, Elsevier, vol. 100(C), pages 337-363.
    133. Pina, Gonçalo, 2015. "The recent growth of international reserves in developing economies: A monetary perspective," Journal of International Money and Finance, Elsevier, vol. 58(C), pages 172-190.
    134. Deininger, Sebastian & Maringer, Dietmar, 2017. "Channels of Sovereign Risk Spillovers and Investment in the Manufacturing Sector," Working papers 2017/07, Faculty of Business and Economics - University of Basel.
    135. Margherita Bottero & Simone Lenzu & Filippo Mezzanotti, 2015. "Sovereign debt exposure and the bank lending channel: impact on credit supply and the real economy," Temi di discussione (Economic working papers) 1032, Bank of Italy, Economic Research and International Relations Area.
    136. Altman, Edward & Rijken, Herbert, 2012. "Toward a bottom-up approach to assessing sovereign default risk: an update," Journal of Financial Transformation, Capco Institute, vol. 34, pages 19-29.
    137. Papafilis, Michalis-Panayiotis & Psillaki, Maria & Margaritis, Dimitris, 2015. "Interdependence between Sovereign and Bank CDS Spreads in Eurozone during the European Debt Crisis - The PSI Effect," MPRA Paper 68037, University Library of Munich, Germany.
    138. Christoph Trebesch & Michael G. Papaioannou & Udaibir S Das, 2012. "Sovereign Debt Restructurings 1950-2010; Literature Survey, Data, and Stylized Facts," IMF Working Papers 12/203, International Monetary Fund.
    139. Tran, Vu & Alsakka, Rasha & ap Gwilym, Owain, 2014. "Sovereign rating actions and the implied volatility of stock index options," International Review of Financial Analysis, Elsevier, vol. 34(C), pages 101-113.
    140. Patricia Gómez-González, 2015. "Financial innovation in sovereign borrowing and public provision of liquidity," Working Papers 1511, Banco de España;Working Papers Homepage.
    141. Große Steffen, Christoph, 2015. "Uncertainty shocks and non-fundamental debt crises: An ambiguity approach," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112936, Verein für Socialpolitik / German Economic Association.
    142. Kocsis, Zalan & Monostori, Zoltan, 2016. "The role of country-specific fundamentals in sovereign CDS spreads: Eastern European experiences," Emerging Markets Review, Elsevier, vol. 27(C), pages 140-168.
    143. Pauline Gandré, 2015. "Domestic creditors as last lenders in debt crises: a simple model with multiple equilibria," Economics Bulletin, AccessEcon, vol. 35(4), pages 2915-2928.
    144. Diego J. Perez, 2015. "Sovereign Debt, Domestic Banks and the Provision of Public Liquidity," Discussion Papers 15-016, Stanford Institute for Economic Policy Research.
    145. Balteanu, Irina & Erce, Aitor, 2014. "Bank crises and sovereign defaults in emerging markets: exploring the links," Globalization and Monetary Policy Institute Working Paper 184, Federal Reserve Bank of Dallas.
    146. Kollintzas, Tryphon & Tsoukalas, Konstantinos, 2015. "Bank and Sovereign Risk Interdependence in the Euro Area," CEPR Discussion Papers 10485, C.E.P.R. Discussion Papers.
    147. Fernando Broner & Jaume Ventura, 2016. "Rethinking the Effects of Financial Globalization," The Quarterly Journal of Economics, Oxford University Press, vol. 131(3), pages 1497-1542.
    148. Irina Balteanu & Aitor Erce, 2014. "Banking crises and sovereign defaults in emerging markets: exploring the links," Working Papers 1414, Banco de España;Working Papers Homepage.
    149. Ureche-Rangau, Loredana & Burietz, Aurore, 2013. "One crisis, two crises…the subprime crisis and the European sovereign debt problems," Economic Modelling, Elsevier, vol. 35(C), pages 35-44.
    150. Eichler, Stefan, 2015. "How Do Political Factors Shape the Bank Risk-Sovereign Risk Nexus in Emerging Markets?," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112877, Verein für Socialpolitik / German Economic Association.

  27. Yann Algan & Pierre Cahuc & Andrei Shleifer, 2011. "Teaching Practices and Social Capital," NBER Working Papers 17527, National Bureau of Economic Research, Inc.

    Cited by:

    1. Meier, Stephan & Pierce, Lamar & Vaccaro, Antonino, 2014. "Trust and In-Group Favoritism in a Culture of Crime," IZA Discussion Papers 8169, Institute for the Study of Labor (IZA).
    2. Meier, Stephan & Pierce, Lamar & Vaccaro, Antonino & La Cara, Barbara, 2016. "Trust and in-group favoritism in a culture of crime," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PA), pages 78-92.
    3. Richard B. Freeman & Martina Viarengo, 2014. "School and family effects on educational outcomes across countries," Economic Policy, CEPR;CES;MSH, vol. 29(79), pages 395-446, July.
    4. Woessmann, Ludger, 2016. "The Importance of School Systems: Evidence from International Differences in Student Achievement," CAGE Online Working Paper Series 300, Competitive Advantage in the Global Economy (CAGE).
    5. Davide Cantoni & Noam Yuchtman, 2013. "The Political Economy of Educational Content and Development: Lessons from History," CESifo Working Paper Series 4221, CESifo Group Munich.
    6. Algan, Yann & Cahuc, Pierre & Sangnier, Marc, 2011. "Efficient and Inefficient Welfare States," CEPR Discussion Papers 8229, C.E.P.R. Discussion Papers.
    7. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," Sciences Po publications info:hdl:2441/432sbils8u9, Sciences Po.
    8. Juan Botero & Alejandro Ponce & Andrei Shleifer, "undated". "Education, Complaints, and Accountability," Working Paper 69711, Harvard University OpenScholar.
    9. Yann Algan & Pierre Cahuc & Marc Sangnier, 2014. "Trust and the Welfare State: the Twin Peaks Curve," Sciences Po publications 8277, Sciences Po.
    10. Davide Cantoni & Yuyu Chen & David Y. Yang & Noam Yuchtman & Y. Jane Zhang, 2017. "Curriculum and Ideology," Journal of Political Economy, University of Chicago Press, vol. 125(2), pages 338-392.
    11. Lorna Zischka & Marina Della Giusta, 2016. "Helping without Trusting: Disentangling Prosocial Behaviours," Economics & Management Discussion Papers em-dp2016-11, Henley Business School, Reading University.
    12. Eiji Yamamura & Yoshiro Tsutsui, 2017. "Trade policy preference, childhood sporting experience, and informal school curriculum: Examination from the viewpoint of behavioral economics," Discussion Papers in Economics and Business 17-25, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    13. Constantin ANGHELACHE & Emilia GOGU & Madalina-Gabriela ANGHEL, 2017. "The Analysis Of The Offer Of University Education System," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 168-197, April.
    14. Paolo Masella & Nicola Fuchs-Schündeln, 2012. "Long-Lasting Effects of Socialist Education," 2012 Meeting Papers 1194, Society for Economic Dynamics.
    15. Delavande, Adeline & Zafar, Basit, 2015. "Stereotypes and Madrassas: Experimental evidence from Pakistan," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 247-267.
    16. Fuchs-Schündeln, Nicola & Masella, Paolo, 2013. "Long-Lasting Effects of Socialist Education," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79865, Verein für Socialpolitik / German Economic Association.
    17. Costas Azariadis & Yannis M. Ioannides, 2014. "Thinking About Corruption in Greece," Discussion Papers Series, Department of Economics, Tufts University 0783, Department of Economics, Tufts University.
    18. Algan, Yann & Cahuc, Pierre, 2014. "Trust, Growth, and Well-Being: New Evidence and Policy Implications," Handbook of Economic Growth,in: Handbook of Economic Growth, edition 1, volume 2, chapter 2, pages 49-120 Elsevier.
    19. Ljunge, Martin, 2014. "Trust issues: Evidence on the intergenerational trust transmission among children of immigrants," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 175-196.
    20. Rotondi, Valentina & Stanca, Luca, 2015. "The effect of particularism on corruption: Theory and empirical evidence," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 219-235.
    21. Gerard Padro -i-Miquel & Nancy Qian, 2015. "Making Democracy Work: Culture, Social Capital and Elections in China," Working Papers id:6619, eSocialSciences.
    22. TANAKA Ryuichi & ISHIZAKI Kazumi, 2017. "Do Teaching Practices Matter for Students' Academic Achievement? A case of linguistic activity," Discussion papers 17108, Research Institute of Economy, Trade and Industry (RIETI).
    23. Ljunge, Martin, 2014. "Social Capital and Health: Evidence That Ancestral Trust Promotes Health among Children of Immigrants," Working Paper Series 1046, Research Institute of Industrial Economics.
    24. Juan Botero & Alejandro Ponce & Andrei Shleifer, 2012. "Education and the Quality of Government," NBER Working Papers 18119, National Bureau of Economic Research, Inc.
    25. Stefano Bartolini, 2018. "Social capital as disease prevention," Department of Economics University of Siena 778, Department of Economics, University of Siena.
    26. Gershman, Boris, 2016. "Witchcraft beliefs and the erosion of social capital: Evidence from Sub-Saharan Africa and beyond," Journal of Development Economics, Elsevier, vol. 120(C), pages 182-208.
    27. Engzell, Per, 2017. "What Do Books in the Home Proxy For? A Cautionary Tale," Working Paper Series 1/2016, Stockholm University, Swedish Institute for Social Research.
    28. Ljunge, Martin, 2014. "Social capital and political institutions: Evidence that democracy fosters trust," Economics Letters, Elsevier, vol. 122(1), pages 44-49.
    29. Vaclav Korbel & Michal Paulus, 2017. "Do Teaching Practices Impact Socio-Emotional Skills?," CERGE-EI Working Papers wp591, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    30. Bietenbeck, Jan, 2014. "Teaching practices and cognitive skills," Labour Economics, Elsevier, vol. 30(C), pages 143-153.
    31. Guillaume Hollard & Omar Sene, 2015. "Social capital and access to primary health care in developing countries: Evidence from Sub-Saharan Africa," EconomiX Working Papers 2015-6, University of Paris Nanterre, EconomiX.
    32. Catalina Tejada & Eliana Ferrara & Henrik Kleven & Florian Blum & Oriana Bandiera & Michel Azulai, 2015. "State Effectiveness, Growth, and Development," Working Papers id:6668, eSocialSciences.
    33. Gunnes, Trude & Donze, Jocelyn, 2016. "Teaching Practices and the Management of Student Motivation, Effort and Achievement," MPRA Paper 69954, University Library of Munich, Germany.

  28. Rafael La Porta & Andrei Shleifer, 2011. "The Unofficial Economy in Africa," NBER Working Papers 16821, National Bureau of Economic Research, Inc.

    Cited by:

    1. Marcus H Böhme & Rainer Thiele, 2014. "Informal–Formal Linkages and Informal Enterprise Performance in Urban West Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 26(4), pages 473-489, September.
    2. Diao, Xinshen & Kweka, Josaphat & McMillan, Margaret S., 2017. "Economic transformation in Africa from the bottom up: Evidence from Tanzania," IFPRI discussion papers 1603, International Food Policy Research Institute (IFPRI).
    3. Böhme, Marcus & Thiele, Rainer, 2011. "Is the informal sector constrained from the demand side? Evidence for six West African capitals," Kiel Working Papers 1683, Kiel Institute for the World Economy (IfW).
    4. Ahmadou Aly Mbaye & Nancy Benjamin & Stephen Golub & Jean-Jacques Ekomie, 2014. "The Urban Informal Sector in Francophone Africa: Large Versus Small Enterprises in Benin, Burkina Faso and Senegal," Working Papers 201405, University of Cape Town, Development Policy Research Unit.
    5. Rawaa Harati, 2014. "Firms Informality: A Model and Empirical Evidence for Lebanon," Working Papers 883, Economic Research Forum, revised Dec 2014.
    6. Janet Ceglowski & Stephen Golub & Aly Mbaye & Varun Prasad, 2015. "Can Africa Compete with China in Manufacturing? The Role of Relative Unit Labor Costs," Working Papers 201504, University of Cape Town, Development Policy Research Unit.
    7. Bruhn, Miriam, 2013. "A tale of two species: Revisiting the effect of registration reform on informal business owners in Mexico," Journal of Development Economics, Elsevier, vol. 103(C), pages 275-283.
    8. Tilman Altenburg & Aimée Hampel-Milagrosa & Markus Loewe, 2017. "A Decade On: How Relevant is the Regulatory Environment for Micro and Small Enterprise Upgrading After All?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(2), pages 457-475, April.
    9. Hampel-Milagrosa, Aimée & Loewe, Markus & Reeg, Caroline, 2015. "The Entrepreneur Makes a Difference: Evidence on MSE Upgrading Factors from Egypt, India, and the Philippines," World Development, Elsevier, vol. 66(C), pages 118-130.

  29. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2011. "A Model of Shadow Banking," NBER Working Papers 17115, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yoshiharu Maeno & Kenji Nishiguchi & Satoshi Morinaga & Hirokazu Matsushima, 2014. "Impact of shadow banks on financial contagion," Papers 1410.4847, arXiv.org.
    2. Aikman, David & Kiley, Michael T. & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2015. "Mapping Heat in the U.S. Financial System," Finance and Economics Discussion Series 2015-59, Board of Governors of the Federal Reserve System (U.S.).
    3. Schmidt, Lawrence & Timmermann, Allan G & Wermers, Russ, 2014. "Runs on Money Market Funds," CEPR Discussion Papers 9906, C.E.P.R. Discussion Papers.
    4. Ozlem Akin & José M. Marín & José-Luis Peydró, 2016. "Anticipating the financial crisis: Evidence from insider trading in banks," Economics Working Papers 1524, Department of Economics and Business, Universitat Pompeu Fabra.
    5. Krug, Sebastian & Wohltmann, Hans-Werner, 2016. "Shadow banking, financial regulation and animal spirits: An ACE approach," Economics Working Papers 2016-08, Christian-Albrechts-University of Kiel, Department of Economics.
    6. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Diagnostic Expectations and Credit Cycles," Working Paper 350646, Harvard University OpenScholar.
    7. Matta, Rafael & Perotti, Enrico, 2015. "Insecure debt," LSE Research Online Documents on Economics 65099, London School of Economics and Political Science, LSE Library.
    8. Filippo Ippolito & José-Luis Peydró & Andrea Polo & Enrico Sette, 2015. "Double Bank Runs and Liquidity Risk Management," Working Papers 855, Barcelona Graduate School of Economics.
    9. Calmès, Christian & Théoret, Raymond, 2014. "Bank systemic risk and macroeconomic shocks: Canadian and U.S. evidence," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 388-402.
    10. Farhi, Emmanuel & Tirole, Jean, 2017. "Shadow Banking and the Four Pillars of Traditional Financial Intermediation," CEPR Discussion Papers 12373, C.E.P.R. Discussion Papers.
    11. Adrian, Tobias & Covitz, Daniel M. & Liang, J. Nellie, 2013. "Financial stability monitoring," Staff Reports 601, Federal Reserve Bank of New York, revised 01 Jun 2014.
    12. Toni Ahnert & Kartik Anand & Prasanna Gai & James Chapman, 2016. "Asset Encumbrance, Bank Funding and Financial Fragility," Staff Working Papers 16-16, Bank of Canada.
    13. Adrian, Tobias & Liang, J. Nellie, 2014. "Monetary policy, financial conditions, and financial stability," Staff Reports 690, Federal Reserve Bank of New York, revised 01 Dec 2016.
    14. E. Chrétien & V. Lyonnet, 2017. "Traditional and Shadow Banks during the Crisis," Débats économiques et financiers 27, Banque de France.
    15. Martin Kuncl, 2016. "Fragility of Resale Markets for Securitized Assets and Policy of Asset Purchases," Staff Working Papers 16-46, Bank of Canada.
    16. Emmanuel Farhi & Matteo Maggiori, 2016. "A Model of the International Monetary System," NBER Working Papers 22295, National Bureau of Economic Research, Inc.
    17. Stijn Claessens & Lev Ratnovski, 2014. "What is Shadow Banking?," IMF Working Papers 14/25, International Monetary Fund.
    18. Bengt Holmstrom, 2015. "Understanding the role of debt in the financial system," BIS Working Papers 479, Bank for International Settlements.
    19. Antonio Bianco, 2015. "Shadow Banking, Relationship Banking, and the Economics of Depression," Working Papers 5/15, Sapienza University of Rome, DISS.
    20. Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Tous, Francesc R., 2015. "Securities trading by banks and credit supply: Micro-evidence," Discussion Papers 08/2015, Deutsche Bundesbank.
    21. Sebastiaan Pool, 2018. "Mortgage debt and shadow banks," DNB Working Papers 588, Netherlands Central Bank, Research Department.
    22. Shengxing Zhang, 2014. "Collateral Risk, Repo Rollover and Shadow Banking," 2014 Meeting Papers 562, Society for Economic Dynamics.
    23. Tobias Adrian & Adam B. Ashcraft, 2012. "Shadow Banking Regulation," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 99-140, October.
    24. Harry DeAngelo & René M. Stulz, 2013. "Why High Leverage is Optimal for Banks," NBER Working Papers 19139, National Bureau of Economic Research, Inc.
    25. Sudipto Bhattacharya & Georgy Chabakauri & Kjell G. Nyborg, 2012. "Securitized Banking, Asymmetric Information, and Financial Crisis: Regulating Systemic Risk Away," FMG Discussion Papers dp704, Financial Markets Group.
    26. Ing-Haw Cheng & Sahil Raina & Wei Xiong, 2013. "Wall Street and the Housing Bubble," NBER Working Papers 18904, National Bureau of Economic Research, Inc.
    27. Duca, John V., 2016. "How capital regulation and other factors drive the role of shadow banking in funding short-term business credit," Journal of Banking & Finance, Elsevier, vol. 69(S1), pages 10-24.
    28. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    29. Du, Julan & Li, Chang & Wang, Yongqin, 2017. "A comparative study of shadow banking activities of non-financial firms in transition economies," China Economic Review, Elsevier, vol. 46(S), pages 35-49.
    30. Carlos O. Arteta & Mark S. Carey & Ricardo Correa & Jason Kotter, 2008. "Which banks sponsored ABCP vehicles and why?," Proceedings 1072, Federal Reserve Bank of Chicago.
    31. Guillermo Ordonez, 2013. "Sustainable Shadow Banking," NBER Working Papers 19022, National Bureau of Economic Research, Inc.
    32. Arvind Krishnamurthy & Tyler Muir, 2017. "How Credit Cycles across a Financial Crisis," NBER Working Papers 23850, National Bureau of Economic Research, Inc.
    33. Lawrence Schmidt & Allan Timmermann & Russ Wermers, 2016. "Runs on Money Market Mutual Funds," American Economic Review, American Economic Association, vol. 106(9), pages 2625-2657, September.
    34. Ferrante, Francesco, 2015. "A Model of Endogenous Loan Quality and the Collapse of the Shadow Banking System," Finance and Economics Discussion Series 2015-21, Board of Governors of the Federal Reserve System (U.S.).
    35. Malgorzata Solarz, 2013. "The importance of shadow banking sector entities for population affected by credit exclusion," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 2(2), pages 189-201.
    36. Flore, Raphael, 2015. "Causes of Shadow Banking - Two Regimes of Credit Risk Transformation and its Regulation," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113178, Verein für Socialpolitik / German Economic Association.
    37. Afrasiab Mirza & Eric Stephens, 2016. "Securitization and Aggregate Investment Efficiency," Carleton Economic Papers 16-05, Carleton University, Department of Economics, revised 24 Jan 2017.
    38. Malgorzata Olszak, 2015. "The phenomenon of excessive procyclicality of the financial sector from the perspective of macroprudential policy – sources, methods of reduction and their basic limitations (Zjawisko nadmiernej procy," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 13(55), pages 72-96.
    39. Isil Erel & Taylor D. Nadauld & René M. Stulz, 2011. "Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?," NBER Working Papers 17269, National Bureau of Economic Research, Inc.
    40. Guillaume Plantin, 2015. "Shadow Banking and Bank Capital Regulation," Review of Financial Studies, Society for Financial Studies, vol. 28(1), pages 146-175.
    41. Mark Mink, 2016. "Aggregate liquidity and banking sector fragility," DNB Working Papers 534, Netherlands Central Bank, Research Department.
    42. Buch, Claudia M. & Krause, Thomas & Tonzer, Lena, 2017. "Drivers of systemic risk: Do national and European perspectives differ?," Discussion Papers 09/2017, Deutsche Bundesbank.
    43. Zoltan Pozsar & Tobias Adrian & Adam B. Ashcraft & Hayley Boesky, 2010. "Shadow banking," Staff Reports 458, Federal Reserve Bank of New York.
    44. Alexander Popov, 2016. "Monetary Policy, Bank Capital, and Credit Supply: A Role for Discouraged and Informally Rejected Firms," International Journal of Central Banking, International Journal of Central Banking, vol. 12(1), pages 95-141, March.
    45. Emmanuel Tsiritakis, 2017. "Competition and Efficiency in EU Banking," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 3-25, April-Jun.
    46. Dominick Barrett & Brian Golden & Eduardo Maqui, 2017. "New data collection on SPVs in Ireland: findings and implications for the measurement of shadow banking," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Statistical implications of the new financial landscape, volume 43 Bank for International Settlements.
    47. Puriya Abbassi & Rajkamal Iyer & José-Luis Peydró & Francesc R. Tous, 2016. "Securities trading by banks and credit supply: Micro-evidence from the crisis," ESRB Working Paper Series 05, European Systemic Risk Board.
    48. Lucyna Gornicka, 2014. "Shadow Banking and Traditional Bank Lending: The Role of Implicit Guarantees," Tinbergen Institute Discussion Papers 14-035/VI/DSF74, Tinbergen Institute, revised 16 Jun 2014.
    49. Bezemer, Dirk & Grydaki, Maria, 2014. "Financial fragility in the Great Moderation," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 169-177.
    50. Paraschiv, Florentina & Qin, Minzi, 2013. "Extreme Spillover Between Shadow Banking and Regular Banking," Working Papers on Finance 1312, University of St. Gallen, School of Finance.
    51. Golec, Pascal & Perotti, Enrico, 2017. "Safe assets: a review," Working Paper Series 2035, European Central Bank.
    52. Beck, Günter Wilfried & Kotz, Hans-Helmut, 2016. "Euro area shadow banking activities in a low-interest-rate environment: A flow-of-funds perspective," SAFE White Paper Series 37, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    53. Song. Fenghua & Thakor, Anjan, 2013. "Notes on financial system development and political intervention," Policy Research Working Paper Series 6350, The World Bank.
    54. Krause, Thomas & Buch, Claudia M. & Tonzer, Lena, 2015. "Drivers of Systemic Risk: Do National and European Perspectives Differ?," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113103, Verein für Socialpolitik / German Economic Association.
    55. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    56. Toni Ahnert & Benjamin Nelson, 2016. "Opaque Assets and Rollover Risk," Staff Working Papers 16-17, Bank of Canada.
    57. Luck, Stephan & Schempp, Paul, 2015. "Banks, Shadow Banking, and Fragility," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113204, Verein für Socialpolitik / German Economic Association.
    58. Giese, Julia & Nelson, Benjamin & Tanaka, Misa & Tarashev, Nikola, 2013. "Financial Stability Paper No 21: How could macroprudential policy affect financial system resilience and credit? Lessons from the literature," Bank of England Financial Stability Papers 21, Bank of England.
    59. Haghani Rizi, Majid & Kishor, N. Kundan, 2017. "The Dynamic Relationship Among the Money Market Mutual Funds, the Commercial Paper Market and the Repo Market," MPRA Paper 83471, University Library of Munich, Germany.
    60. Stijn Claessens, 2014. "An Overview of Macroprudential Policy Tools," IMF Working Papers 14/214, International Monetary Fund.
    61. Kacperczyk, Marcin & Perignon, Christophe & Vuillemey, Guillaume, 2017. "The Private Production of Safe Assets," CEPR Discussion Papers 12395, C.E.P.R. Discussion Papers.
    62. Christian Calm¨¨s & Raymond Th¨¦oret, 2016. "The Asymmetric Impact of Portfolio Mix on Bank Performance over the Business Cycle: U.S. and Canadian Evidence," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 57-74, February.
    63. Nelson, Benjamin & Pinter, Gabor & Theodoridis, Konstantinos, 2015. "Do contractionary monetary policy shocks expand shadow banking?," Bank of England working papers 521, Bank of England.
    64. Tommaso Gabrieli & Keith Pilbeam & Bingxi Shi, 2018. "The impact of shadow banking on the implementation of Chinese monetary policy," International Economics and Economic Policy, Springer, vol. 15(2), pages 429-447, April.
    65. Derek Anderson & Benjamin L Hunt & Stephen Snudden, 2013. "Fiscal Consolidation in the Euro Area; How Much Can Structural Reforms Ease the Pain?," IMF Working Papers 13/211, International Monetary Fund.
    66. Tobias Adrian & Adam B. Ashcraft, 2012. "Shadow banking: a review of the literature," Staff Reports 580, Federal Reserve Bank of New York.
    67. Laeven, Luc & Ratnovski, Lev & Tong, Hui, 2016. "Bank size, capital, and systemic risk: Some international evidence," Journal of Banking & Finance, Elsevier, vol. 69(S1), pages 25-34.
    68. DeAngelo, Harry & Stulz, René M., 2015. "Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks," Journal of Financial Economics, Elsevier, vol. 116(2), pages 219-236.
    69. Fabrizio Malatesta & Sergio Masciantonio & Andrea Zaghini, 2016. "The Shadow Banking System in the Euro Area: Definitions, Key Features and the Funding of Firms," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(2), pages 217-237, July.
    70. Christian Calmès & Raymond Théoret, 2012. "Bank systemic risk and the business cycle: Canadian and U.S. evidence," RePAd Working Paper Series UQO-DSA-wp022012, Département des sciences administratives, UQO.
    71. Giampaolo Gabbi & Elisa Ticci, 2014. "Implications of financialisation for sustainability," Working papers wpaper47, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    72. Alexi Savov & Alan Moreira, 2014. "The Macroeconomics of Shadow Banking," 2014 Meeting Papers 254, Society for Economic Dynamics.
    73. Bouwman, Christa H. S., 2013. "Liquidity: How Banks Create It and How It Should Be Regulated," Working Papers 13-32, University of Pennsylvania, Wharton School, Weiss Center.
    74. Manmohan Singh & Peter Stella, 2012. "Money and Collateral," IMF Working Papers 12/95, International Monetary Fund.
    75. Enrico Perotti & Toni Ahnert, 2015. "Cheap but Flighty: How Global Imbalances create Financial Fragility," Tinbergen Institute Discussion Papers 15-036/IV/DSF89, Tinbergen Institute.
    76. Pol, Eduardo, 2012. "The preponderant causes of the USA banking crisis 2007–08," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 519-528.
    77. Guillaume Plantin, 2015. "Shadow Banking and Bank Capital Regulation," Post-Print hal-01168494, HAL.
    78. Bianco, Antonio, 2015. "Relationship Banking, Shadow Banking, and the Economics of Depression," MPRA Paper 65849, University Library of Munich, Germany.
    79. Gong, Rui & Page, Frank, 2016. "Shadow banks and systemic risks," LSE Research Online Documents on Economics 66044, London School of Economics and Political Science, LSE Library.
    80. Beck, Günter W. & Kotz, Hans-Helmut & Zabelina, Natalia, 2015. "Euro area macro-financial stability: A flow-of-funds perspective," SAFE White Paper Series 29, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    81. Tobias Adrian & Adam B. Ashcraft & Nicola Cetorelli, 2013. "Shadow bank monitoring," Staff Reports 638, Federal Reserve Bank of New York.
    82. Górnicka, Lucyna A., 2016. "Banks and shadow banks: Competitors or complements?," Journal of Financial Intermediation, Elsevier, vol. 27(C), pages 118-131.
    83. Federico Lubello & Abdelaziz Rouabah, 2017. "Capturing macroprudential regulation effectiveness: A DSGE approach with shadow intermediaries," BCL working papers 114, Central Bank of Luxembourg.
    84. Anderson, Alyssa G., 2015. "Ambiguity in Securitization Markets," Finance and Economics Discussion Series 2015-33, Board of Governors of the Federal Reserve System (U.S.).
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    86. Adrian, Tobias, 2015. "Financial Stability Policies for Shadow Banking," CEPR Discussion Papers 10435, C.E.P.R. Discussion Papers.
    87. Christian Calmès & Raymond Théoret, 2011. "Bank systemic risk and the business cycle: An empirical investigation using Canadian data," RePAd Working Paper Series UQO-DSA-wp322011, Département des sciences administratives, UQO.
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    Cited by:

    1. Kurt Annen & Scott Strickland, 2016. "Global Samaritans? Donor Election Cycles and the Allocation of Humanitarian Aid," Working Papers 1607, University of Guelph, Department of Economics and Finance.
    2. Daron Acemoglu & Ufuk Akcigit & Murat Alp Celik, 2014. "Young, Restless and Creative: Openness to Disruption and Creative Innovations," PIER Working Paper Archive 14-004, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    3. Colin C. Williams & Abbi M. Kedir, 0. "Starting-up unregistered and firm performance in Turkey," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-21.
    4. Mara P. Squicciarini & Nico Voigtländer, 2014. "Human Capital and Industrialization: Evidence from the Age of Enlightenment," NBER Working Papers 20219, National Bureau of Economic Research, Inc.
    5. Lessmann, Christian, 2013. "Foreign direct investment and regional inequality: A panel data analysis," China Economic Review, Elsevier, vol. 24(C), pages 129-149.
    6. Bandiera, Oriana & Hansen, Stephen & Prat, Andrea & Sadun, Raffaella, 2017. "CEO Behavior and Firm Performance," CEPR Discussion Papers 11960, C.E.P.R. Discussion Papers.
    7. Antonio Baez-Morales, 2015. "“Differences in efficiency between Formal and Informal Micro Firms in Mexico”," AQR Working Papers 201510, University of Barcelona, Regional Quantitative Analysis Group, revised May 2015.
    8. Stelios Michalopoulos & Elias Papaioannou, 2011. "Divide and Rule or the Rule of the Divided? Evidence from Africa," Economics Working Papers 0099, Institute for Advanced Study, School of Social Science.
    9. Castelló-Climent, Amparo & Mukhopadhyay, Abhiroop, 2013. "Mass education or a minority well educated elite in the process of growth: The case of India," Journal of Development Economics, Elsevier, vol. 105(C), pages 303-320.
    10. David Lagakos & Benjamin Moll & Tommaso Porzio & Nancy Qian, 2012. "Experience Matters: Human Capital and Development Accounting," Working Papers 2012-021, Human Capital and Economic Opportunity Working Group.
    11. Leßmann, Christian, 2014. "Regional Inequality and Internal Conflict," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100398, Verein für Socialpolitik / German Economic Association.
    12. Eric A. Hanushek & Jens Ruhose & Ludger Woessmann, 2015. "Knowledge Capital and Aggregate Income Differences: Development Accounting for U.S. States," NBER Working Papers 21295, National Bureau of Economic Research, Inc.
    13. Pedro Gomes & Zoe Kuehn, 2017. "Online Appendix to "Human capital and the size distribution of firms"," Technical Appendices 14-102, Review of Economic Dynamics.
    14. Herrmann, Benedikt & Kritikos, Alexander S., 2013. "Growing out of the Crisis: Hidden Assets to Greece's Transition to an Innovation Economy," IZA Discussion Papers 7606, Institute for the Study of Labor (IZA).
    15. Hanushek, Eric A. & Ruhose, Jens & Woessmann, Ludger, 2015. "Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States," IZA Discussion Papers 9130, Institute for the Study of Labor (IZA).
    16. Rudi Rocha & Claudio Ferraz & Rodrigo R. Soares, 2015. "Human Capital Persistence and Development," Working Papers ClioLab 22, EH Clio Lab. Instituto de Economía. Pontificia Universidad Católica de Chile.
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    19. Jørn Rattsø & Hildegunn Stokke, 2014. "Regional Convergence of Income and Education: Investigation of Distribution Dynamics," Urban Studies, Urban Studies Journal Limited, vol. 51(8), pages 1672-1685, June.
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    21. Alina Sorgner & Michael Fritsch & Alexander Kritikos, 2014. "Do Entrepreneurs Really Earn Less?," Discussion Papers of DIW Berlin 1425, DIW Berlin, German Institute for Economic Research.
    22. van Hoorn, Andre, 2016. "The Cultural Roots of Human Capital Accumulation," MPRA Paper 80007, University Library of Munich, Germany.
    23. Backman, Mikaela & Karlsson, Charlie, 2014. "Determinants of self-employment among commuters and non-commuters," Working Paper Series in Economics and Institutions of Innovation 365, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    24. Claude Diebolt & Ralph Hippe, 2016. "Regional human capital inequality in Europe in the long run, 1850 – 2010," Working Papers of BETA 2016-33, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    25. Wietzke, Frank-Borge, 2015. "Long-Term Consequences of Colonial Institutions and Human Capital Investments: Sub-National Evidence from Madagascar," World Development, Elsevier, vol. 66(C), pages 293-307.
    26. Jan Grobovsek, 2016. "Managerial Delegation, Law Enforcement, and Aggregate Productivity," ESE Discussion Papers 271, Edinburgh School of Economics, University of Edinburgh.
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    33. Vicente Salas-Fumás & J. Sanchez-Asin & David Storey, 2014. "Occupational choice, number of entrepreneurs and output: theory and empirical evidence with Spanish data," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(1), pages 1-24, March.
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    35. Nicola Gennaioli & Rafael La Porta & Florencio Lopez De Silanes & Andrei Shleifer, 2014. "Growth in regions," Journal of Economic Growth, Springer, vol. 19(3), pages 259-309, September.
      • Nicola Gennaioli & Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer, "undated". "Growth in Regions," Working Paper 73436, Harvard University OpenScholar.
      • Nicola Gennaioli & Rafael La Porta & Florencio Lopez de Silanes & Andrei Shleifer, 2013. "Growth in Regions," NBER Working Papers 18937, National Bureau of Economic Research, Inc.
    36. Hirte, Georg & Leßmann, Christian, 2014. "Trade, Integration and Interregional Inequality," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100610, Verein für Socialpolitik / German Economic Association.
    37. Laura Elena MARINAS, 2015. "Returns on EU Funding for Human Capital Development in Rural Areas," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(4), pages 491-505, October.
    38. Bickenbach, Frank & Bode, Eckhardt & Lange, Mareike & Nunnenkamp, Peter, 2013. "Night lights and regional GDP," Kiel Working Papers 1888, Kiel Institute for the World Economy (IfW).
    39. Dan Corry & Anna Valero & John Van Reenen, 2011. "UK Economic Performance Since 1997: Growth, Productivity and Jobs," CEP Special Papers 24, Centre for Economic Performance, LSE.
    40. Prettner, Klaus & Strulik, Holger, 2014. "Technology, trade, and growth: The role of education," Center for European, Governance and Economic Development Research Discussion Papers 191, University of Goettingen, Department of Economics.
    41. Peter H. Egger & Anirudh Shingal, 2017. "Granting preferential market access in services sequentially versus jointly with goods," The World Economy, Wiley Blackwell, vol. 40(12), pages 2901-2936, December.
    42. William F. Maloney & Felipe Valencia Caicedo, 2017. "Engineering Growth: Innovative Capacity and Development in the Americas," CESifo Working Paper Series 6339, CESifo Group Munich.
    43. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2015. "Family Firms and Entrepreneurial Human Capital in the Process of Development," CSEF Working Papers 400, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    44. Bennett, Daniel L. & Faria, Hugo J. & Gwartney, James D. & Morales, Daniel R., 2017. "Economic Institutions and Comparative Economic Development: A Post-Colonial Perspective," World Development, Elsevier, vol. 96(C), pages 503-519.
    45. Wahl, Fabian & Pfeifer, Gregor & Marczak, Martyna, 2016. "Illuminating the World Cup Effect: Night Lights Evidence from South Africa," Annual Conference 2016 (Augsburg): Demographic Change 145938, Verein für Socialpolitik / German Economic Association.
    46. Mercedes Delgado & Christian Ketels & Michael E. Porter & Scott Stern, 2012. "The Determinants of National Competitiveness," NBER Working Papers 18249, National Bureau of Economic Research, Inc.
    47. Thomas Barnebeck Andersen & Carl-Johan Dalgaard & Pablo Selaya, 2011. "Eye Disease and Development," Discussion Papers 11-22, University of Copenhagen. Department of Economics.
    48. Matthew Calver, 2015. "Closing the Aboriginal Education Gap in Canada: Assessing Progress and Estimating the Economic Benefits," CSLS Research Reports 2015-03, Centre for the Study of Living Standards.
    49. Ralph Hippe & Luisa De Sousa Lobo Borges de Araujo & Patricia Dinis Mota da Costa, 2016. "Equity in Education in Europe," JRC Working Papers JRC104595, Joint Research Centre (Seville site).
    50. Roberto Ezcurra & Andrés Rodríguez-Pose, 2017. "Does ethnic segregation matter for spatial inequality?," Journal of Economic Geography, Oxford University Press, vol. 17(6), pages 1149-1178.
    51. Christian Ochsner, 2017. "Dismantled once, diverged forever? A quasi-natural experiment of Red Army misdeeds in post-WWII Europe," ifo Working Paper Series 240, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    52. Dinopoulos, Elias & Unel, Bulent, 2015. "Entrepreneurs, jobs, and trade," European Economic Review, Elsevier, vol. 79(C), pages 93-112.
    53. Ralph Hippe & Roger Fouquet, 2015. "The human capital transition and the role of policy," GRI Working Papers 185, Grantham Research Institute on Climate Change and the Environment.
    54. Ganong, Peter & Shoag, Daniel, 2017. "Why has regional income convergence in the U.S. declined?," Journal of Urban Economics, Elsevier, vol. 102(C), pages 76-90.
    55. Porzio, Tommaso & Santangelo, Gabriella, 2017. "Human Capital and Structural Change," University of California at San Diego, Economics Working Paper Series qt1ws4x2fg, Department of Economics, UC San Diego.
    56. Volker Grossmann & David Stadelmann, 2013. "Wage Effects of High-Skilled Migration: International Evidence," World Bank Economic Review, World Bank Group, vol. 27(2), pages 297-319.
    57. Lessmann, Christian, 2014. "Spatial inequality and development — Is there an inverted-U relationship?," Journal of Development Economics, Elsevier, vol. 106(C), pages 35-51.
    58. Fabiano Schivardi & Claudio Michelacci, 2016. "Are They All Like Bill, Mark, and Steve? The Education Premium for Entrepreneurs," 2016 Meeting Papers 1163, Society for Economic Dynamics.
    59. Fernanda Ricotta, 2016. "The Quality Of Regional Government And Firm Performance," Working Papers 201606, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    60. Tahir Mahmood & Eatzaz Ahmad, 2014. "Output growth and investment dynamics in Finland: a panel data analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 41(4), pages 777-801, November.
    61. Edward L. Glaeser & Sari Pekkala Kerr & William R. Kerr, 2013. "Entrepreneurship And Urban Growth:An Empirical Assessment With Historical Mines," Working Papers 13-15, Center for Economic Studies, U.S. Census Bureau.
    62. Algan, Yann & Cahuc, Pierre, 2014. "Trust, Growth, and Well-Being: New Evidence and Policy Implications," Handbook of Economic Growth,in: Handbook of Economic Growth, edition 1, volume 2, chapter 2, pages 49-120 Elsevier.
    63. Daron Acemoglu & Francisco A. Gallego & James A. Robinson, 2014. "Institutions, Human Capital, and Development ," Annual Review of Economics, Annual Reviews, vol. 6(1), pages 875-912, August.
    64. Boly Amadou, 2015. "On the Effects of Formalization on Taxes and Wages: Panel Evidence from Vietnam," WIDER Working Paper Series 042, World Institute for Development Economic Research (UNU-WIDER).
    65. Irfan Hameed & Muhammad Babar Khan & Atif Shahab & Imran Hameed & Faisal Qadeer, 2016. "Science, Technology and Innovation through Entrepreneurship Education in the United Arab Emirates (UAE)," Sustainability, MDPI, Open Access Journal, vol. 8(12), pages 1-23, December.
    66. Bruno Gabriel Witzel de Souza, 2016. "Immigration and the Path-Dependence of Education: German-Speaking Immigrants, On-the-Job Skills, and Ethnic Schools in São Paulo, Brazil (1840-1920)," Ibero America Institute for Econ. Research (IAI) Discussion Papers 234, Ibero-America Institute for Economic Research.
    67. Elert, Niklas & Henrekson, Magnus, 2014. "Evasive Entrepreneurship," Working Paper Series 1044, Research Institute of Industrial Economics, revised 31 Mar 2016.
    68. William F. Maloney & Felipe Valencia Caicedo, 2012. "The Persistence of (Subnational) Fortune: Geography, Agglomeration, and Institutions in the New World," DOCUMENTOS CEDE 010017, UNIVERSIDAD DE LOS ANDES-CEDE.
    69. Daniel L. Bennett & Hugo J. Faria & James D. Gwartney & Daniel R. Morales, 2016. "Economic Institutions and Comparative Economic Development: A Post-Colonial Perspective," Working Papers 2016-07, University of Miami, Department of Economics.
    70. Christian Leßmann & André Seidel & Arne Steinkraus, 2015. "Satellitendaten zur Schätzung von Regionaleinkommen – Das Beispiel Deutschland," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(06), pages 35-42, December.
    71. Lessmann, Christian & Seidel, André, 2017. "Regional inequality, convergence, and its determinants – A view from outer space," European Economic Review, Elsevier, vol. 92(C), pages 110-132.
    72. Alberto Alesina & Paola Giuliano, 2015. "Culture and Institutions," Journal of Economic Literature, American Economic Association, vol. 53(4), pages 898-944, December.
    73. Guerriero, Carmine, 2013. "Endogenous Institutions and Economic Outcomes," MPRA Paper 70879, University Library of Munich, Germany, revised 21 Jan 2015.
    74. Khusrav Gaibulloev & Todd Sandler, 2016. "Decentralization, institutions, and maritime piracy," Public Choice, Springer, vol. 169(3), pages 357-374, December.
    75. Breinlich, Holger & Ottaviano, Gianmarco I P & Temple, Jonathan R, 2013. "Regional Growth and Regional Decline," Economics Discussion Papers 8977, University of Essex, Department of Economics.
    76. Brock, Gregory & German-Soto, Vicente, 2017. "Regional industrial informality and efficiency in Mexico, 1990–2013," Journal of Policy Modeling, Elsevier, vol. 39(5), pages 928-941.
    77. Francesco D'Acunto & Marcel Prokopczuk & Michael Weber, 2017. "Historical Antisemitism, Ethnic Specialization, and Financial Development," CESifo Working Paper Series 6643, CESifo Group Munich.
    78. Eichenauer, Vera Z. & Fuchs, Andreas & Brueckner, Lutz, 2018. "The Effects of Trade, Aid, and Investment on China's Image in Developing Countries," Working Papers 0646, University of Heidelberg, Department of Economics.
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    81. Eckhardt Bode & Stephan Brunow & Ingrid Ott & Alina Sorgner, 2016. "Worker Personality: Another Skill Bias beyond Education in the Digital Age," SOEPpapers on Multidisciplinary Panel Data Research 875, DIW Berlin, The German Socio-Economic Panel (SOEP).
    82. Wen, Yi & Luo, Jinfeng, 2015. "Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development," Working Papers 2015-1, Federal Reserve Bank of St. Louis, revised 01 Jun 2017.
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    84. Colin C. Williams & Alvaro Martinez-Perez, 2016. "Evaluating the impacts of corruption on firm performance in developing economies: an institutional perspective," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 16(4), pages 401-422.
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    86. Wahl, Fabian, 2013. "Does medieval trade still matter? Historical trade centers, agglomeration and contemporary economic development," FZID Discussion Papers 82-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    87. Felbermayr, Gabriel & Grossmann, Volker & Kohler, Wilhelm, 2012. "Migration, International Trade and Capital Formation: Cause or Effect?," IZA Discussion Papers 6975, Institute for the Study of Labor (IZA).
    88. Carlo Ciccarelli & Stefano Fachin, 2017. "Regional growth with spatial dependence: A case study on early Italian industrialization," Papers in Regional Science, Wiley Blackwell, vol. 96(4), pages 675-695, November.
    89. Johan Larsson, 2014. "The neighborhood or the region? Reassessing the density–wage relationship using geocoded data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(2), pages 367-384, March.
    90. Andersson, Åke E. & Andersson , David Emanuel & Hårsman, Björn & Daghbashyan, Zara, 2014. "Unemployment in European Regions: Structural Problems vs. the Eurozone Hypothesis," Working Paper Series in Economics and Institutions of Innovation 355, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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    92. Larsson, Johan P., 2013. "The Neighborhood or the Region? Untangling the density-productivity relationship using geocoded data," Working Paper Series in Economics and Institutions of Innovation 318, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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    95. Amadou Boly, 2015. "On the benefits of formalization: Panel evidence from Vietnam," WIDER Working Paper Series 038, World Institute for Development Economic Research (UNU-WIDER).
    96. Breton, Theodore R., 2015. "Human capital and growth in Japan: Converging to the steady state in a 1% world," Journal of the Japanese and International Economies, Elsevier, vol. 36(C), pages 73-89.
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    98. Gershman, Boris, 2016. "Witchcraft beliefs and the erosion of social capital: Evidence from Sub-Saharan Africa and beyond," Journal of Development Economics, Elsevier, vol. 120(C), pages 182-208.
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    105. Sascha SARDADVAR, 2016. "Regional Economic Growth And Steady States With Free Factor Movement: A Theoretical Model With Evidence From Europe," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 43, pages 21-57.
    106. Daniel Oto-Peralías & Diego Romero-Ávila, 2016. "The economic consequences of the Spanish Reconquest: the long-term effects of Medieval conquest and colonization," Journal of Economic Growth, Springer, vol. 21(4), pages 409-464, December.
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    113. Matteo Bugamelli & Francesca Lotti & Monica Amici & Emanuela Ciapanna & Fabrizio Colonna & Francesco D’Amuri & Silvia Giacomelli & Andrea Linarello & Francesco Manaresi & Giuliana Palumbo & Filippo Sc, 2018. "Productivity growth in Italy: a tale of a slow-motion change," Questioni di Economia e Finanza (Occasional Papers) 422, Bank of Italy, Economic Research and International Relations Area.
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    121. Xiaoyang Li & John McHale & Xuan Zhou, 2017. "Does Brain Drain Lead to Institutional Gain?," The World Economy, Wiley Blackwell, vol. 40(7), pages 1454-1472, July.
    122. Koyama, Mark & Xue, Melanie Meng, 2015. "The Literary Inquisition: The Persecution of Intellectuals and Human Capital Accumulation in China," MPRA Paper 62103, University Library of Munich, Germany.
    123. Fernanda Ricotta, 2016. "The Quality of Regional Government and Firm Performance," ERSA conference papers ersa16p357, European Regional Science Association.
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    • Andrei Shleifer, 2010. "Efficient Regulation," NBER Chapters,in: Regulation vs. Litigation: Perspectives from Economics and Law, pages 27-43 National Bureau of Economic Research, Inc.

    Cited by:

    1. Skevas, Theodoros & Fevereiro, Pedro & Wesseler, Justus, 2010. "Coexistence regulations and agriculture production: A case study of five Bt maize producers in Portugal," Ecological Economics, Elsevier, vol. 69(12), pages 2402-2408, October.
    2. Hans Pitlik & Ludek Kouba, 2014. "Does social distrust always lead to a stronger support for government intervention?," WWWforEurope Policy Paper series 8, WWWforEurope.
    3. Marcel Boyer & Donatella Porrini, 2010. "The Impact of Court Errors on Liability Sharing and Safety Regulation for Environmental/Industrial Accidents," CIRANO Working Papers 2010s-48, CIRANO.
    4. Friehe, Tim & Tabbach, Avraham, 2018. "A comparison of simple action-based and outcome-based policies for emergency-like situations," Mathematical Social Sciences, Elsevier, vol. 92(C), pages 22-34.
    5. Magda Bianco & Giulio Napolitano, 2011. "The Italian Administrative System: Why a Source of Competitive Disadvantage?," Quaderni di storia economica (Economic History Working Papers) 24, Bank of Italy, Economic Research and International Relations Area.
    6. Cumming, Douglas & Knill, April & Richardson, Nela, 2015. "Firm size and the impact of securities regulation," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 417-442.
    7. Donovan, John & Frankel, Richard & Lee, Joshua & Martin, Xiumin & Seo, Hojun, 2014. "Issues raised by studying DeFond and Zhang: What should audit researchers do?," Journal of Accounting and Economics, Elsevier, vol. 58(2), pages 327-338.

  32. Andrei Shleifer & Robert W. Vishny, 2010. "Fire Sales in Finance and Macroeconomics," NBER Working Papers 16642, National Bureau of Economic Research, Inc.

    Cited by:

    1. Wen-Hsiu Chou & William Hardin, 2014. "Performance Chasing, Fund Flows and Fund Size in Real Estate Mutual Funds," The Journal of Real Estate Finance and Economics, Springer, vol. 49(3), pages 379-412, October.
    2. Claudio Raddatz & Sergio L. Schmukler, 2011. "On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios," NBER Chapters,in: Global Financial Crisis National Bureau of Economic Research, Inc.
    3. French, Andrea & Vital, Mathieu & Minot, Dean, 2015. "Insurance and financial stability," Bank of England Quarterly Bulletin, Bank of England, vol. 55(3), pages 242-258.
    4. Merrill, Craig B. & Nadauld, Taylor & Stulz, Rene M. & Sherlund, Shane M., 2012. "Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?," Working Paper Series 2012-12, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    5. Michal Skorepa & Jakub Seidler, 2014. "Capital Buffers Based on Banks' Domestic Systemic Importance: Selected Issues," Research and Policy Notes 2014/01, Czech National Bank, Research Department.
    6. Foley-Fisher, Nathan & Ramcharan, Rodney & Yu, Edison, 2015. "The impact of unconventional monetary policy on firm financing constraints: evidence from the maturity extension program," Working Papers 15-30, Federal Reserve Bank of Philadelphia.
    7. Nicole Boyson & Jean Helwege & Jan Jindra, 2014. "Crises, Liquidity Shocks, and Fire Sales at Commercial Banks," Financial Management, Financial Management Association International, vol. 43(4), pages 857-884, December.
    8. Massimiliano Affinito & Alberto Franco Pozzolo, 2017. "The interbank network across the global financial crisis: evidence from Italy," Temi di discussione (Economic working papers) 1118, Bank of Italy, Economic Research and International Relations Area.
    9. Robin Greenwood & Augustin Landier & David Thesmar, 2012. "Vulnerable Banks," NBER Working Papers 18537, National Bureau of Economic Research, Inc.
    10. Lallour, Antoine & Mio, Hitoshi, 2016. "Do we need a stable funding ratio? Banks’ funding in the global financial crisis," Bank of England working papers 602, Bank of England.
    11. Schoenmaker, Dirk, 2017. "A macro approach to international bank resolution," ESRB Working Paper Series 56, European Systemic Risk Board.
    12. Jondeau, Eric & Khalilzadeh, Amir, 2017. "Collateralization, leverage, and stressed expected loss," Journal of Financial Stability, Elsevier, vol. 33(C), pages 226-243.
    13. Ricardo Serrano-Padial & Lukasz Drozd, 2015. "Financial Contracting with Enforcement Externalities," 2015 Meeting Papers 1362, Society for Economic Dynamics.
    14. Tom Roberts, 2017. "A Counterfactual Valuation of the Stock Index as a Predictor of Crashes," Staff Working Papers 17-38, Bank of Canada.
    15. Rodney Ramcharan & Stéphane Verani & Skander J. Van Den Heuvel, 2016. "From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply," Journal of Finance, American Finance Association, vol. 71(3), pages 1323-1356, June.
    16. George M. Agiomirgianakis & George Sfakianakis & Fotini Voulgaris, 2016. "Determinants of economic growth revisited: is competitiveness and investment the solution for Greece?," International Economics and Economic Policy, Springer, vol. 13(3), pages 359-367, July.
    17. Woon Gyu Choi & David Cook, 2010. "Fire Sales and the Financial Accelerator," IMF Working Papers 10/141, International Monetary Fund.
    18. Jobst, Andreas A., 2014. "Measuring systemic risk-adjusted liquidity (SRL)—A model approach," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 270-287.
    19. Switzer, Lorne N. & Wang, Jun, 2017. "Institutional investment horizon, the information environment, and firm credit risk," Journal of Financial Stability, Elsevier, vol. 29(C), pages 57-71.
    20. Hans Gersbach & Jean-Charles Rochet, "undated". "Aggregate Investment Externalities and Macroprudential Regulation," Swiss Finance Institute Research Paper Series 12-03, Swiss Finance Institute.
    21. Koudijs, Peter & Voth, Hans-Joachim, 2014. "Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending," CEPR Discussion Papers 9920, C.E.P.R. Discussion Papers.
    22. Richard Bookstaber & Paul Glasserman & Garud Iyengar & Yu Luo & Venkat Venkatasubramanian & Zhizun Zhang, 2015. "Process Systems Engineering as a Modeling Paradigm for Analyzing Systemic Risk in Financial Networks," Working Papers 15-01, Office of Financial Research, US Department of the Treasury.
    23. Irani, Rustom M. & Meisenzahl, Ralf R., 2015. "Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register," Finance and Economics Discussion Series 2015-1, Board of Governors of the Federal Reserve System (U.S.).
    24. Podlich, Natalia, 2014. "On the role of the ECB's collateral framework in preventing fire sales," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100510, Verein für Socialpolitik / German Economic Association.
    25. Stefan W. Schmitz & Michael Sigmund & Laura Valderrama, 2017. "Bank Solvency and Funding Cost; New Data and New Results," IMF Working Papers 17/116, International Monetary Fund.
    26. Kempf, Elisabeth & Manconi, Alberto & Massa, Massimo, 2017. "Canary in a Coalmine: Securities Lending Predicting the Performance of Securitized Bonds," CEPR Discussion Papers 11993, C.E.P.R. Discussion Papers.
    27. V. Legroux & I. Rahmouni-Rousseau & U. Szczerbowicz & N. Valla, 2018. "Stabilising virtues of central banks: (re)matching bank liquidity," Working papers 667, Banque de France.
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    30. Hundtofte, Sean, 2017. "Does going easy on distressed banks help economic growth?," Staff Reports 823, Federal Reserve Bank of New York, revised 01 Jan 2018.
    31. Blau, Benjamin M. & Brough, Tyler J. & Thomas, Diana W., 2013. "Corporate lobbying, political connections, and the bailout of banks," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 3007-3017.
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    33. Selcuk, Cemil, 2012. "Distressed sales and liquidity in OTC markets," MPRA Paper 38188, University Library of Munich, Germany.
    34. Dinc, Serdar & Erel, Isil & Liao, Rose, 2017. "Fire sale discount: Evidence from the sale of minority equity stakes," Journal of Financial Economics, Elsevier, vol. 125(3), pages 475-490.
    35. Douglas Sutherland & Peter Hoeller, 2012. "Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics," OECD Economics Department Working Papers 1006, OECD Publishing.
    36. Bargigli, Leonardo & Gallegati, Mauro & Riccetti, Luca & Russo, Alberto, 2014. "Network analysis and calibration of the “leveraged network-based financial accelerator”," Journal of Economic Behavior & Organization, Elsevier, vol. 99(C), pages 109-125.
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    38. Woodford, Michael, 2016. "Quantitative Easing and Financial Stability," CEPR Discussion Papers 11287, C.E.P.R. Discussion Papers.
    39. Lensberg, Terje & Schenk-Hoppé, Klaus Reiner & Ladley, Dan, 2015. "Costs and benefits of financial regulation: Short-selling bans and transaction taxes," Journal of Banking & Finance, Elsevier, vol. 51(C), pages 103-118.
    40. Lakshithe Wagalath, 2017. "Lost In Contagion? Building A Liquidation Index From Covariance Dynamics," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-26, February.
    41. Adams, Zeno & Glück, Thorsten, 2013. "Financialization in Commodity Markets: Disentangling the Crisis from the Style Effect," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79949, Verein für Socialpolitik / German Economic Association.
    42. Bussière, Matthieu & Hoerova, Marie & Klaus, Benjamin, 2015. "Commonality in hedge fund returns: Driving factors and implications," Journal of Banking & Finance, Elsevier, vol. 54(C), pages 266-280.
    43. Joseph E. Stiglitz, 2017. "Where Modern Macroeconomics Went Wrong," NBER Working Papers 23795, National Bureau of Economic Research, Inc.
    44. Koen van der Veer & Anouk Levels & Claudia Lambert & Luis Molestina Vivar & Christian Weistroffer & Raymond Chaudron & René de Sousa van Stralen, 2017. "Developing macroprudential policy for alternative investment funds," DNB Occasional Studies 1504, Netherlands Central Bank, Research Department.
    45. Vikram Nanda & Wei Wu & Xing Zhou, 2017. "Investment Commonality across Insurance Companies : Fire Sale Risk and Corporate Yield Spreads," Finance and Economics Discussion Series 2017-069, Board of Governors of the Federal Reserve System (U.S.).
    46. Bierbrauer, Felix, 2014. "Tax incidence for fragile financial markets," Journal of Public Economics, Elsevier, vol. 120(C), pages 107-125.
    47. de Haan, Leo & van den End, Jan Willem, 2013. "Banks’ responses to funding liquidity shocks: Lending adjustment, liquidity hoarding and fire sales," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 152-174.
    48. Lensberg, Terje & Schenk-Hoppé, Klaus Reiner & Ladley, Dan, 2012. "Costs and Benefits of Speculation," Discussion Papers 2012/12, Norwegian School of Economics, Department of Business and Management Science.
    49. Gianpaolo Parise, 2016. "Threat of entry and debt maturity: evidence from airlines," BIS Working Papers 556, Bank for International Settlements.
    50. Charles A. E. Goodhart & Anil K Kashyap & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2013. "An Integrated Framework for Analyzing Multiple Financial Regulations," International Journal of Central Banking, International Journal of Central Banking, vol. 9(1), pages 109-144, January.
    51. Steffen, Sascha, 2014. "Robustness, validity, and significance of the ECB's asset quality review and stress test exercise," SAFE White Paper Series 23, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    52. Yann Braouezec & Lakshithe Wagalath, 2016. "Risk-based capital requirements and optimal liquidation in a stress scenario," Working Papers 2016-ACF-01, IESEG School of Management.
    53. Ebrahimi Kahou, Mahdi & Lehar, Alfred, 2017. "Macroprudential policy: A review," Journal of Financial Stability, Elsevier, vol. 29(C), pages 92-105.
    54. Seyyed Mostafa Mousavi & Robert Mackay & Alistair Tucker, 2016. "Contagion and Stability in Financial Networks," Papers 1603.04099, arXiv.org.
    55. Tu, Anthony H. & Hsieh, Wen-Liang G. & Wu, Wei-Shao, 2016. "Market uncertainty, expected volatility and the mispricing of S&P 500 index futures," Journal of Empirical Finance, Elsevier, vol. 35(C), pages 78-98.
    56. Ozgur Akay & Zeynep Senyuz & Emre Yoldas, 2013. "Hedge Fund Contagion and Risk-adjusted Returns: A Markov-switching Dynamic Factor Approach," Working Papers 13-06, Office of Financial Research, US Department of the Treasury.
    57. Kim, Joon Ho, 2018. "Asset specificity and firm value: Evidence from mergers," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 375-412.
    58. D'Avino, Carmela & Shabani, Mimoza, 2017. "A new approach to measuring universal banking," MPRA Paper 83166, University Library of Munich, Germany.
    59. Levy-Carciente, Sary & Kenett, Dror Y. & Avakian, Adam & Stanley, H. Eugene & Havlin, Shlomo, 2015. "Dynamical macroprudential stress testing using network theory," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 164-181.
    60. Nada Mora, 2013. "Creditor recovery: the macroeconomic dependence of industry equilibrium," Research Working Paper RWP 13-06, Federal Reserve Bank of Kansas City.
    61. Constanza Martínez & Freddy Cepeda, 2016. "Free-riding on Liquidity in the Colombian LVPS," Borradores de Economia 977, Banco de la Republica de Colombia.
    62. Cai, Jian & Eidam, Frederik & Saunders, Anthony & Steffen, Sascha, 2018. "Syndication, interconnectedness, and systemic risk," Journal of Financial Stability, Elsevier, vol. 34(C), pages 105-120.
    63. Laurent Clerc & Alberto Giovannini & Sam Langfield & Tuomas Peltonen & Richard Portes & Martin Scheicher, 2016. "Indirect contagion: the policy problem," ESRB Occasional Paper Series 09, European Systemic Risk Board.
    64. Dessaint, Olivier & Foucault, Thierry & Frésard, Laurent & Matray, Adrien, 2016. "Ripple Effects of Noise on Corporate Investment," CEPR Discussion Papers 11081, C.E.P.R. Discussion Papers.
    65. Chiara Banti, 2016. "Illiquidity In The Stock And Foreign Exchange Markets: An Investigation Of Their Cross-Market Dynamics," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 39(4), pages 411-436, December.
    66. Paul Glasserman & Chulmin Kang & Wanmo Kang, 2013. "Stress Scenario Selection by Empirical Likelihood," Working Papers 13-07, Office of Financial Research, US Department of the Treasury.
    67. Kok, Christoffer & Gross, Marco & Żochowski, Dawid, 2016. "The impact of bank capital on economic activity - evidence from a mixed-cross-section GVAR model," Working Paper Series 1888, European Central Bank.
    68. S Battiston & G di Iasio & L Infante & F Pierobon, 2015. "Capital and contagion in financial networks," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Indicators to support monetary and financial stability analysis: data sources and statistical methodologies, volume 39 Bank for International Settlements.
    69. Favara, Giovanni & Giannetti, Mariassunta, 2015. "Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market," CEPR Discussion Papers 10476, C.E.P.R. Discussion Papers.
    70. Alberto Manconi & Massimo Massa & Lei Zhang, 2016. "Bondholder Concentration and Credit Risk: Evidence from a Natural Experiment," Review of Finance, European Finance Association, vol. 20(1), pages 127-159.
    71. Ansgar Walther, 2014. "Jointly optimal regulation of bank capital and maturity structure," Economics Series Working Papers 725, University of Oxford, Department of Economics.
    72. Sergey Chernenko & Samuel G. Hanson & Adi Sunderam, 2014. "The Rise and Fall of Demand for Securitizations," NBER Working Papers 20777, National Bureau of Economic Research, Inc.
    73. Parise, Gianpaolo, 2018. "Threat of entry and debt maturity: Evidence from airlines," Journal of Financial Economics, Elsevier, vol. 127(2), pages 226-247.
    74. Michael Woodford, 2016. "Quantitative Easing and Financial Stability," NBER Working Papers 22285, National Bureau of Economic Research, Inc.
    75. Szilágyi, Katalin & Kiss, Áron, 2014. "Miért más ez a válság, mint a többi?. Az adósságleépítés szerepe a nagy recesszióban
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      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 949-974.
    76. Itai Agur, 2011. "Bank Risk within and across Equilibria," DNB Working Papers 305, Netherlands Central Bank, Research Department.
    77. Itai Agur & Sunil Sharma, 2013. "Rules, Discretion, and Macro-Prudential Policy," IMF Working Papers 13/65, International Monetary Fund.
    78. Adams, Zeno & Glück, Thorsten, 2015. "Financialization in commodity markets: A passing trend or the new normal?," Journal of Banking & Finance, Elsevier, vol. 60(C), pages 93-111.
    79. Calimani, Susanna & Hałaj, Grzegorz & Żochowski, Dawid, 2017. "Simulating fire-sales in a banking and shadow banking system," ESRB Working Paper Series 46, European Systemic Risk Board.
    80. Thomas M. Eisenbach & Gregory Phelan, 2018. "Cournot Fire Sales," Department of Economics Working Papers 2018-01, Department of Economics, Williams College.
    81. Felix Bierbrauer, 2012. "On the incidence of a financial transactions tax in a model with fire sales," Working Paper Series in Economics 55, University of Cologne, Department of Economics.
    82. Malgorzata Olszak & Mateusz Pipien & Iwona Kowalska & Sylwia Roszkowska, 2015. "The impact of capital on lending in publicly-traded and privately- held banks in the EU," Faculty of Management Working Paper Series 72015, University of Warsaw, Faculty of Management.
    83. Cemil Selcuk, 2017. "Distressed Sales in OTC Markets," Manchester School, University of Manchester, vol. 85(3), pages 357-393, June.
    84. E. Jondeau & J-G. Sahuc, 2018. "A General Equilibrium Appraisal of Capital Shortfall," Working papers 668, Banque de France.
    85. Huang, Yasheng & Ma, Yue & Yang, Zhi & Zhang, Yifan, 2016. "A fire sale without fire: An explanation of labor-intensive FDI in China," Journal of Comparative Economics, Elsevier, vol. 44(4), pages 884-901.
    86. Drozd, Lukasz A. & Serrano-Padial, Ricardo, 2017. "Credit Enforcement Cycles," Working Papers 17-27, Federal Reserve Bank of Philadelphia.
    87. Andrea Barbon & Marco Di Maggio & Francesco Franzoni & Augustin Landier, 2017. "Brokers and Order Flow Leakage: Evidence from Fire Sales," NBER Working Papers 24089, National Bureau of Economic Research, Inc.
    88. Rajan, Raghuram & Ramcharan, Rodney, 2016. "Local financial capacity and asset values: Evidence from bank failures," Journal of Financial Economics, Elsevier, vol. 120(2), pages 229-251.
    89. Pol, Eduardo, 2012. "The preponderant causes of the USA banking crisis 2007–08," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 519-528.
    90. Paula Garda & Volker Ziemann, 2014. "Economic Policies and Microeconomic Stability: A Literature Review and Some Empirics," OECD Economics Department Working Papers 1115, OECD Publishing.
    91. Larrain, Borja & Muñoz, Daniel & Tessada, José, 2017. "Asset fire sales in equity markets: Evidence from a quasi-natural experiment," Journal of Financial Intermediation, Elsevier, vol. 30(C), pages 71-85.
    92. Michael Woodford, 2016. "Quantitative easing and financial stability," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 19(2), pages 04-77, August.
    93. Bennett, Rosalind L. & Unal, Haluk, 2014. "The effects of resolution methods and industry stress on the loss on assets from bank failures," Journal of Financial Stability, Elsevier, vol. 15(C), pages 18-31.
    94. Felix Bierbrauer, 2013. "Financial Transaction Taxes and Fire Sales," 2013 Meeting Papers 433, Society for Economic Dynamics.
    95. Marcel Fratzscher & Philipp König & Claudia Lambert, 2013. "Liquiditätsmanagement des Eurosystems im Zeichen der Krise," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(44), pages 3-17.
    96. Renata Karkowska, 2015. "The role of investment banking in systemic risk profiles. Evidence from a panel of EU banking sectors," Faculty of Management Working Paper Series 22015, University of Warsaw, Faculty of Management.
    97. Gustavo Peralta & Ricardo Crisóstomo, 2016. "Financial contagion with spillover effects: a multiplex network approach," ESRB Working Paper Series 32, European Systemic Risk Board.
    98. Daniel Gros & Sam Langfield & Marco Pagano & Dirk Schoenmaker, 2014. "Allocating macro-prudential powers," Report of the Advisory Scientific Committee 5, European Systemic Risk Board.
    99. Gete, Pedro & Gómez, Juan-Pedro, 2015. "Compensation contracts and fire sales," Journal of Financial Stability, Elsevier, vol. 18(C), pages 154-171.
    100. Singh, Ranjodh B. & Gould, John & Chan, Felix & Yang, Joey Wenling, 2016. "Liquidation discount—a novel application of ARFIMA–GARCH," Journal of Empirical Finance, Elsevier, vol. 36(C), pages 151-161.
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    105. Aymanns, Christoph & Caccioli, Fabio & Farmer, J. Doyne & Tan, Vincent W.C., 2016. "Taming the Basel leverage cycle," Journal of Financial Stability, Elsevier, vol. 27(C), pages 263-277.
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  33. Andrei Shleifer & Robert W. Vishny, 2010. "Asset Fire Sales and Credit Easing," NBER Working Papers 15652, National Bureau of Economic Research, Inc.

    Cited by:

    1. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2012. "Macroprudential policy, countercyclical bank capital buffers and credit supply: Evidence from the Spanish dynamic provisioning experiments," Economics Working Papers 1315, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2013.
    2. Avgouleas, Emilios & Goodhart, Charles & Schoenmaker, Dirk, 2013. "Bank Resolution Plans as a catalyst for global financial reform," Journal of Financial Stability, Elsevier, vol. 9(2), pages 210-218.
    3. Dungey, Mardi & Milunovich, George & Thorp, Susan & Yang, Minxian, 2012. "Endogenous crisis dating and contagion using smooth transition structural GARCH," Working Papers 15030, University of Tasmania, Tasmanian School of Business and Economics, revised 29 Aug 2012.
    4. Ebrahimi Kahou, Mahdi & Lehar, Alfred, 2017. "Macroprudential policy: A review," Journal of Financial Stability, Elsevier, vol. 29(C), pages 92-105.
    5. Sanjiv Das & Seoyoung Kim, 2016. "The Design and Risk Management of Structured Finance Vehicles," Journal of Risk and Financial Management, MDPI, Open Access Journal, vol. 9(4), pages 1-21, October.
    6. Hanson, Samuel G. & Sunderam, Adi, 2013. "Are there too many safe securities? Securitization and the incentives for information production," Journal of Financial Economics, Elsevier, vol. 108(3), pages 565-584.
    7. Pol, Eduardo, 2012. "The preponderant causes of the USA banking crisis 2007–08," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 519-528.
    8. Gertler, Mark & Kiyotaki, Nobuhiro & Queralto, Albert, 2012. "Financial crises, bank risk exposure and government financial policy," Journal of Monetary Economics, Elsevier, vol. 59(S), pages 17-34.
    9. Racicot, François-Éric & Théoret, Raymond, 2016. "Macroeconomic shocks, forward-looking dynamics, and the behavior of hedge funds," Journal of Banking & Finance, Elsevier, vol. 62(C), pages 41-61.

  34. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2010. "Salience and consumer choice," Economics Working Papers 1252, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2012.

    Cited by:

    1. Ronayne, David & Brown, Gordon D.A., 2016. "Multi-attribute decision by sampling: An account of the attraction, comprimise and similarity effects," The Warwick Economics Research Paper Series (TWERPS) 1124, University of Warwick, Department of Economics.
    2. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local Thinking and Skewness Preferences," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168303, Verein für Socialpolitik / German Economic Association.
    3. Heyes, Anthony & Lyon, Thomas P. & Martin, Steve, 2018. "Salience games: Private politics when public attention is limited," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 396-410.
    4. Edward J. D. Webb, 2017. "If It’s All the Same to You: Blurred Consumer Perception and Market Structure," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(1), pages 1-25, February.
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    6. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Salient compromises in the newsvendor game," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 301-315.
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    6. Krug, Sebastian & Wohltmann, Hans-Werner, 2016. "Shadow banking, financial regulation and animal spirits: An ACE approach," Economics Working Papers 2016-08, Christian-Albrechts-University of Kiel, Department of Economics.
    7. Tongurai, Jittima & Vithessonthi, Chaiporn, 2018. "The impact of the banking sector on economic structure and growth," International Review of Financial Analysis, Elsevier, vol. 56(C), pages 193-207.
    8. Tamer Khraisha & Keren Arthur, 2018. "Can we have a general theory of financial innovation processes? A conceptual review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-27, December.
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    42. Kondor, Péter & Köszegi, Botond, 2015. "Cursed financial innovation," Discussion Papers, Research Unit: Economics of Change SP II 2015-306, Social Science Research Center Berlin (WZB).
    43. Veronica Guerrieri & Péter Kondor, 2009. "Fund Managers, Career Concerns, and Asset Price Volatility," NBER Working Papers 14898, National Bureau of Economic Research, Inc.
    44. Maarten van Oordt, 2017. "Credit Risk Transfer and Bank Insolvency Risk," Staff Working Papers 17-59, Bank of Canada.
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    47. Emilios Avgouleas, 2015. "Bank Leverage Ratios and Financial Stability: A Micro- and Macroprudential Perspective," Economics Working Paper Archive wp_849, Levy Economics Institute.
    48. Kara, Alper & Marques-Ibanez, David & Ongena, Steven, 2015. "Securitization and lending standards: Evidence from the European wholesale loan market," International Finance Discussion Papers 1141, Board of Governors of the Federal Reserve System (U.S.).
    49. Lagoarde-Segot, Thomas, 2017. "Financialization: Towards a new research agenda," International Review of Financial Analysis, Elsevier, vol. 51(C), pages 113-123.
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    51. Marco Di Maggio & Marco Pagano, 2012. "Financial Disclosure and Market Transparency with Costly Information Processing," EIEF Working Papers Series 1212, Einaudi Institute for Economics and Finance (EIEF), revised May 2014.
    52. Jennie Bai & Thomas Philippon & Alexi Savov, 2013. "Have Financial Markets Become More Informative?," NBER Working Papers 19728, National Bureau of Economic Research, Inc.
    53. Giovanni di Iasio & Mario Quagliariello, 2013. "Incentives through the cycle: microfounded macroprudential regulation," Temi di discussione (Economic working papers) 894, Bank of Italy, Economic Research and International Relations Area.
    54. Suleyman Hilmi Kal & Nuran Arslaner & Ferhat Arslaner, 2014. "Inflation Dynamics and Business Cycles," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 121-129, March.
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    57. Alaa Alaabed & Mansur Masih, 2016. "Finance-growth nexus: Insights from an application of threshold regression model to Malaysia's dual financial system," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 16(2), pages 63-71, June.
    58. Martin, Antoine & Skeie, David & Thadden, Ernst-Ludwig von, 2013. "The Fragility of Short-Term Secured Funding Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 449, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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    72. Atif Mian & Amir Sufi & Emil Verner, 2017. "How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s," NBER Working Papers 23802, National Bureau of Economic Research, Inc.
    73. Hamid Mohtadi & Stefan Ruediger, 2014. "Volatility and Transparency of Financial Markets in the MENA Region," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 173-195, March.
    74. Markus K. Brunnermeier & Alp Simsek & Wei Xiong, 2014. "A Welfare Criterion For Models With Distorted Beliefs," The Quarterly Journal of Economics, Oxford University Press, vol. 129(4), pages 1753-1797.
    75. Golec, Pascal & Perotti, Enrico, 2017. "Safe assets: a review," Working Paper Series 2035, European Central Bank.
    76. Beck, Günter Wilfried & Kotz, Hans-Helmut, 2016. "Euro area shadow banking activities in a low-interest-rate environment: A flow-of-funds perspective," SAFE White Paper Series 37, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    77. Vincenzo D’Apice & Giovanni Ferri & Punziana Lacitignola, 2016. "Rating Performance and Bank Business Models: Is There a Change with the 2007–2009 Crisis?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(3), pages 385-420, November.
    78. Mehmet Balcilar & Riza Demirer, 2014. "The Effect of Global Shocks and Volatility on Herd Behavior in Borsa Istanbul," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 142-172, March.
    79. Gola Carlo & Ilari Antonio, 2013. "Financial innovation oversight: a policy framework," Questioni di Economia e Finanza (Occasional Papers) 200, Bank of Italy, Economic Research and International Relations Area.
    80. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    81. Ansgar Walther, 2014. "Jointly optimal regulation of bank capital and maturity structure," Economics Series Working Papers 725, University of Oxford, Department of Economics.
    82. Koetter, Michael & Noth, Felix & Rehbein, Oliver, 2016. "Borrowers under water! Rare disasters, regional banks, and recovery lending," IWH Discussion Papers 31/2016, Halle Institute for Economic Research (IWH).
    83. Arnold, Bruce & Borio, Claudio & Ellis, Luci & Moshirian, Fariborz, 2012. "Systemic risk, macroprudential policy frameworks, monitoring financial systems and the evolution of capital adequacy," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3125-3132.
    84. Sanjiv Das & Seoyoung Kim, 2016. "The Design and Risk Management of Structured Finance Vehicles," Journal of Risk and Financial Management, MDPI, Open Access Journal, vol. 9(4), pages 1-21, October.
    85. Sergey Chernenko & Samuel G. Hanson & Adi Sunderam, 2014. "The Rise and Fall of Demand for Securitizations," NBER Working Papers 20777, National Bureau of Economic Research, Inc.
    86. Li, Xindan & Subrahmanyam, Avanidhar & Yang, Xuewei, 2018. "Can financial innovation succeed by catering to behavioral preferences? Evidence from a callable options market," Journal of Financial Economics, Elsevier, vol. 128(1), pages 38-65.
    87. Jagannathan, Ravi & Kapoor, Mudit & Schaumburg, Ernst, 2013. "Causes of the great recession of 2007–2009: The financial crisis was the symptom not the disease!," Journal of Financial Intermediation, Elsevier, vol. 22(1), pages 4-29.
    88. Czech, Robert & Roberts-Sklar, Matt, 2017. "Investor behaviour and reaching for yield: evidence from the sterling corporate bond market," Bank of England working papers 685, Bank of England.
    89. Michael Kirchler & Florian Lindner & Utz Weitzel, 2016. "Rankings and Risk-Taking in the Finance Industry," Working Papers 2016-02, Faculty of Economics and Statistics, University of Innsbruck, revised Mar 2018.
    90. Jeong-Bon Kim & Li Li & Mary L. Z. Ma & Frank M. Song, 2013. "CEO Option Compensation, Risk-Taking Incentives, and Systemic Risk in the Banking Industry," Working Papers 182013, Hong Kong Institute for Monetary Research.
    91. DeAngelo, Harry & Stulz, René M., 2015. "Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks," Journal of Financial Economics, Elsevier, vol. 116(2), pages 219-236.
    92. Annalisa Fabretti & Tommy Gärling & Stefano Herzel & Martin Holmen, 2017. "Convex incentives in financial markets: an agent-based analysis," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 40(1), pages 375-395, November.
    93. Sadettin Haluk Citci, 2014. "Agency and Transparency in Financial Markets," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 110-120, March.
    94. Kiema, Ilkka & Jokivuolle, Esa, 2014. "Does a leverage ratio requirement increase bank stability?," Journal of Banking & Finance, Elsevier, vol. 39(C), pages 240-254.
    95. Gunther Capelle-Blancard, 2017. "À quoi servent les (centaines de milliers de milliards de) transactions boursières ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 37-58.
    96. Malgorzata Olszak & Mateusz Pipien & Iwona Kowalska & Sylwia Roszkowska, 2015. "The impact of capital on lending in publicly-traded and privately- held banks in the EU," Faculty of Management Working Paper Series 72015, University of Warsaw, Faculty of Management.
    97. Orhan Erdem & Evren Arik & Serkan Yuksel, 2014. "Trading Puzzle," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 66-81, March.
    98. Kiema, Ilkka & Jokivuolle, Esa, 2014. "Does a leverage ratio requirement increase bank stability?," Working Paper Series 1676, European Central Bank.
    99. Rossen Valkanov & Andra Ghent, 2014. "Complexity in Structured Finance: Financial Wizardry or Smoke and Mirrors," 2014 Meeting Papers 104, Society for Economic Dynamics.
    100. Beck, Thorsten & Carletti, Elena & Goldstein, Itay, 2016. "Financial Regulation in Europe: Foundations and Challenges," CEPR Discussion Papers 11147, C.E.P.R. Discussion Papers.
    101. Aymanns, Christoph & Farmer, J. Doyne, 2015. "The dynamics of the leverage cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 50(C), pages 155-179.
    102. Paul Tucker, 2013. "Competition, the Pressure for Returns, and Stability," Chapters,in: Stability of the Financial System, chapter 8 Edward Elgar Publishing.
    103. Hasan Cömert & Gerald Epstein, 2016. "Finansal Yenilik Yazinindaki Son Gelismeler," STPS Working Papers 1604, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Jan 2016.
    104. Pol, Eduardo, 2012. "The preponderant causes of the USA banking crisis 2007–08," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 519-528.
    105. Bertay, A.C., 2014. "Essays on the impact of government policy, internationalization and financial innovation on financial stability," Other publications TiSEM 709fc70f-59d5-4fdc-a029-3, Tilburg University, School of Economics and Management.
    106. Rajkamal Iyer & Thais Jensen, & Niels Johannesen & Adam Sheridan, 2016. "The Run for Safety: Financial Fragility and Deposit Insurance," EPRU Working Paper Series 1602, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    107. Dijk, Oege & Holmen, Martin & Kirchler, Michael, 2014. "Rank matters–The impact of social competition on portfolio choice," European Economic Review, Elsevier, vol. 66(C), pages 97-110.
    108. Jorge Ponce & Magdalena Tubio, 2010. "Estabilidad financiera: conceptos básicos," Documentos de trabajo 2010004, Banco Central del Uruguay.
    109. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    110. Ege Yazgan, 2014. "The effect of investors' confidence on monetary policy- economic growth relationship: a Multivariate GARCH approach," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 82-109, March.
    111. Anderson, Alyssa G., 2015. "Ambiguity in Securitization Markets," Finance and Economics Discussion Series 2015-33, Board of Governors of the Federal Reserve System (U.S.).
    112. Vincent Bouvatier & Michael Brei & Xi Yang, 2014. "Bank Failures and the Source of Strength Doctrine," EconomiX Working Papers 2014-15, University of Paris Nanterre, EconomiX.
    113. Thakor, Anjan V., 2016. "The highs and the lows: A theory of credit risk assessment and pricing through the business cycle," Journal of Financial Intermediation, Elsevier, vol. 25(C), pages 1-29.
    114. Renata Karkowska, 2015. "The role of investment banking in systemic risk profiles. Evidence from a panel of EU banking sectors," Faculty of Management Working Paper Series 22015, University of Warsaw, Faculty of Management.
    115. Zeitun, Rami & Temimi, Akram & Mimouni, Karim, 2017. "Do financial crises alter the dynamics of corporate capital structure? Evidence from GCC countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 21-33.
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    118. Wesley Mendes-Da-Silva, 2015. "Financial Innovation: An Expanding Research Field," Journal of Financial Innovation, IBRIF - Instituto Brasileiro de Inovação Financeira, vol. 1(1), pages 1-1.
    119. Antonina Waszczuk, 2014. "Assembling International Equity Datasets – Review of Studies on the Cross-Section of Common Stocks," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 34-65, March.

  36. Brock Mendel & Andrei Shleifer, 2010. "Chasing Noise," NBER Working Papers 16042, National Bureau of Economic Research, Inc.

    Cited by:

    1. Banerjee, Snehal & Green, Brett, 2015. "Signal or noise? Uncertainty and learning about whether other traders are informed," Journal of Financial Economics, Elsevier, vol. 117(2), pages 398-423.
    2. Irresberger, Felix & Mühlnickel, Janina & Weiß, Gregor N.F., 2015. "Explaining bank stock performance with crisis sentiment," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 311-329.
    3. Weihong HUANG & Wanying Wang, 2012. "Price-Volume Relations in Financial Market," Economic Growth Centre Working Paper Series 1209, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    4. Guo, Bin & Zhang, Wei & Chen, Shu-Heng & Zhang, Yongjie, 2015. "The optimal pricing of a market maker in a heterogeneous agent economy," Finance Research Letters, Elsevier, vol. 14(C), pages 178-187.
    5. Li, Jinfang, 2014. "Multi-period sentiment asset pricing model with information," International Review of Economics & Finance, Elsevier, vol. 34(C), pages 118-130.
    6. Robert S. Chirinko & Christopher Curran, 2013. "Greenspan Shrugs: Central Bank Communication, Formal Pronouncements and Bond Market Volatility," CESifo Working Paper Series 4236, CESifo Group Munich.
    7. Rossi, Stefano & Tinn, Katrin, 2014. "Man or machine? Rational trading without information about fundamentals," CEPR Discussion Papers 9958, C.E.P.R. Discussion Papers.
    8. Claußen, Arndt & Löhr, Sebastian & Rösch, Daniel & Scheule, Harald, 2017. "Valuation of systematic risk in the cross-section of credit default swap spreads," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 183-195.
    9. Yang, Chunpeng & Li, Jinfang, 2013. "Investor sentiment, information and asset pricing model," Economic Modelling, Elsevier, vol. 35(C), pages 436-442.
    10. Li, Jinfang, 2017. "Investor sentiment, heterogeneous agents and asset pricing model," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 504-512.
    11. Jon Kleinberg & Himabindu Lakkaraju & Jure Leskovec & Jens Ludwig & Sendhil Mullainathan, 2017. "Human Decisions and Machine Predictions," NBER Working Papers 23180, National Bureau of Economic Research, Inc.
    12. Buckley, Winston & Long, Hongwei & Perera, Sandun, 2014. "A jump model for fads in asset prices under asymmetric information," European Journal of Operational Research, Elsevier, vol. 236(1), pages 200-208.
    13. Yang, Chunpeng & Cai, Chuangqun, 2014. "Higher order expectations in sentiment asset pricing model," Economic Modelling, Elsevier, vol. 39(C), pages 95-100.
    14. Yang, Chunpeng & Li, Jinfang, 2014. "Two-period trading sentiment asset pricing model with information," Economic Modelling, Elsevier, vol. 36(C), pages 1-7.

  37. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2010. "Salience Theory of Choice Under Risk," NBER Working Papers 16387, National Bureau of Economic Research, Inc.

    Cited by:

    1. Abel , Martin & Cole, Shawn & Zia, Bilal, 2015. "Debiasing on a roll: changing gambling behavior through experiential learning," Policy Research Working Paper Series 7195, The World Bank.
    2. Michel, Christian, 2017. "Market regulation of voluntary add-on contracts," International Journal of Industrial Organization, Elsevier, vol. 54(C), pages 239-268.
    3. Camilo Fabiam Gómez Segura, Oscar Hernán Cerquera Losada, Cristian Felipe Orjuela Yacue, 2012. "Racionalidad incompleta: una nueva forma de analizar las crisis económicas," REVISTA CIFE, UNIVERSIDAD SANTO TOMÁS, December.
    4. Ronayne, David & Brown, Gordon D.A., 2016. "Multi-attribute decision by sampling: An account of the attraction, comprimise and similarity effects," The Warwick Economics Research Paper Series (TWERPS) 1124, University of Warwick, Department of Economics.
    5. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local Thinking and Skewness Preferences," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168303, Verein für Socialpolitik / German Economic Association.
    6. Alex Imas, 2016. "The Realization Effect: Risk-Taking after Realized versus Paper Losses," American Economic Review, American Economic Association, vol. 106(8), pages 2086-2109, August.
    7. Claire Célérier & Boris Vallée, 2016. "Catering to investors through product complexity," ESRB Working Paper Series 14, European Systemic Risk Board.
    8. Eraker, Bjørn & Ready, Mark, 2015. "Do investors overpay for stocks with lottery-like payoffs? An examination of the returns of OTC stocks," Journal of Financial Economics, Elsevier, vol. 115(3), pages 486-504.
    9. Edward J. D. Webb, 2017. "If It’s All the Same to You: Blurred Consumer Perception and Market Structure," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(1), pages 1-25, February.
    10. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Salient compromises in the newsvendor game," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 301-315.
    11. Benjamin Enke & Florian Zimmermann, 2013. "Correlation Neglect in Belief Formation," CESifo Working Paper Series 4483, CESifo Group Munich.
    12. Chen, Daniel L. & Prescott, J.J., 2016. "Implicit Egoism in Sentencing Decisions: First Letter Name Effects with Randomly Assigned Defendants," TSE Working Papers 16-726, Toulouse School of Economics (TSE).
    13. Rema Hanna & Sendhil Mullainathan & Joshua Schwartzstein, 2012. "Learning Through Noticing: Theory and Experimental Evidence in Farming," NBER Working Papers 18401, National Bureau of Economic Research, Inc.
    14. Vassilopoulos, Achilleas & Drichoutis, Andreas C. & Nayga, Rodolfo, 2018. "Loss Aversion, Expectations and Anchoring in the BDM Mechanism," MPRA Paper 85635, University Library of Munich, Germany.
    15. Kontek, Krzysztof, 2016. "A critical note on Salience Theory of choice under risk," Economics Letters, Elsevier, vol. 149(C), pages 168-171.
    16. Johannes Becker & Jonas Fooken & Melanie Steinhoff, 2018. "Behavioral Effects of Withholding Taxes on Labor Supply," Discussion Papers Series 589, School of Economics, University of Queensland, Australia.
    17. Degen, Kathrin & Fleisch, Elgar & Götte, Lorenz & Lalive, Rafael & Staake, Thorsten & Tasic, Vojkan & Tiefenbeck, Verena, 2016. "Overcoming Salience Bias: How Real-Time Feedback Fosters Resource Conservation," CEPR Discussion Papers 11480, C.E.P.R. Discussion Papers.
    18. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2013. "A Model of Shadow Banking," Journal of Finance, American Finance Association, vol. 68(4), pages 1331-1363, August.
    19. Bruno S. Frey & Alois Stutzer, 2004. "Economic Consequences of Mispredicting Utility," CREMA Working Paper Series 2005-04, Center for Research in Economics, Management and the Arts (CREMA).
    20. Eisenbach, Thomas M. & Schmalz, Martin C., 2013. "Anxiety in the face of risk," Staff Reports 610, Federal Reserve Bank of New York, revised 01 Dec 2015.
    21. Jonathan W. Leland & Mark Schneider, 2015. "Salience and Strategy Choice in 2 × 2 Games," Games, MDPI, Open Access Journal, vol. 6(4), pages 1-39, October.
    22. Mark Schneider & Mikhael Shor, 2016. "The Common Ratio Effect in Choice, Pricing, and Happiness Tasks," Working papers 2016-29, University of Connecticut, Department of Economics.
    23. Dertwinkel-Kalt, Markus & Köster, Mats, 2015. "Violations of first-order stochastic dominance as salience effects," DICE Discussion Papers 189, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    24. Gennaioli, Nicola & Martin, Alberto & Rossi, Stefano, 2010. "Sovereign Default, Domestic Banks and Financial Institutions," CEPR Discussion Papers 7955, C.E.P.R. Discussion Papers.
    25. Luís Santos-Pinto & Adrian Bruhin & José Mata & Thomas Åstebro, 2015. "Detecting heterogeneous risk attitudes with mixed gambles," Theory and Decision, Springer, vol. 79(4), pages 573-600, December.
    26. Schneider, Mark & Coulter, Robin A., 2015. "A Dual Process Evaluability Framework for decision anomalies," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 183-198.
    27. Dertwinkel-Kalt, Markus & Köhler, Katrin, 2016. "Exchange asymmetries for bads? Experimental evidence," European Economic Review, Elsevier, vol. 82(C), pages 231-241.
    28. Tserenjigmid, Gerelt, 2015. "Theory of decisions by intra-dimensional comparisons," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 326-338.
    29. Dertwinkel-Kalt, Markus & Köster, Mats, 2017. "Local thinking and skewness preferences," DICE Discussion Papers 248, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    30. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience Theory of Judicial Decisions," NBER Working Papers 19695, National Bureau of Economic Research, Inc.
    31. Perroni, Carlo & Pogrebna, Ganna & Sandford, Sarah & Scharf, Kimberley, 2014. "Are Donors Afraid of Charities’ Core Costs? Scale Economies in Non-profit Provision and Charity Selection," CAGE Online Working Paper Series 201, Competitive Advantage in the Global Economy (CAGE).
    32. Nathaniel T. Wilcox, 2017. "Random Expected Utility and Certainty Equivalents: Mimicry of Probability Weighting Functions," Working Papers 16-14, Chapman University, Economic Science Institute.
    33. Andersson, Ola & Ingebretsen Carlson, Jim & Wengström, Erik, 2016. "Differences Attract: An Experimental Study of Focusing in Economic Choice," Working Paper Series 1145, Research Institute of Industrial Economics.
    34. Maximilian Rüdisser & Raphael Flepp & Egon Franck, 2017. " When do reference points update? A field analysis of the effect of prior gains and losses on risk-taking over time," Working Papers 369, University of Zurich, Department of Business Administration (IBW).
    35. Christoph Engel & Lilia Zhurakhovska, 2016. "You Are In Charge – Experimentally Testing the Motivating Power of Holding a Judicial Office," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2016_15, Max Planck Institute for Research on Collective Goods.
    36. Gonzalo Valdés-Edwards & Salvador Valdés-Prieto, 2013. "A Tractable Theory of Choice Based on Cell Behavior," CESifo Working Paper Series 4424, CESifo Group Munich.
    37. Abeler, Johannes & Jäger, Simon, 2013. "Complex Tax Incentives: An Experimental Investigation," IZA Discussion Papers 7373, Institute for the Study of Labor (IZA).
    38. Buchheim, Lukas & Kolaska, Thomas, 2016. "Weather and the Psychology of Purchasing Outdoor-Movie Tickets," Discussion Papers in Economics 26930, University of Munich, Department of Economics.
    39. Xiaodong Du & Hongli Feng & David A. Hennessy, 2014. "Rationality of Choices in Subsidized Crop Insurance Markets," Center for Agricultural and Rural Development (CARD) Publications 14-wp545, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    40. Pedro Bordalo & Katherine Coffman & Nicola Gennaioli & Andrei Shleifer, "undated". "Stereotypes," Working Paper 467407, Harvard University OpenScholar.
    41. Breitmoser, Yves, 2016. "Stochastic choice, systematic mistakes and preference estimation," MPRA Paper 72779, University Library of Munich, Germany.
    42. Harin, Alexander, 2014. "Problems of utility and prospect theories. Certainty effect near certainty," MPRA Paper 61026, University Library of Munich, Germany.
    43. Raphael Schoenle & Kristian Ove Myrseth & Rawley Heimer, 2016. "YOLO: Mortality Beliefs and Household Finance Puzzles," 2016 Meeting Papers 661, Society for Economic Dynamics.
    44. Heutel, Garth, 2015. "Optimal policy instruments for externality-producing durable goods under present bias," Journal of Environmental Economics and Management, Elsevier, vol. 72(C), pages 54-70.
    45. Kim, Younjun, 2015. "Essays on firm location decisions, regional development and choices under risk," ISU General Staff Papers 201501010800005579, Iowa State University, Department of Economics.
    46. Paul Viefers & Philipp Strack, 2014. "Too Proud to Stop: Regret in Dynamic Decisions," Discussion Papers of DIW Berlin 1401, DIW Berlin, German Institute for Economic Research.
    47. Paolo Crosetto & Antonio Filippin, 2017. "Safe options induce gender differences in risk attitudes," Working Papers halshs-01529643, HAL.
    48. Xavier Gabaix, 2017. "Behavioral Inattention," NBER Working Papers 24096, National Bureau of Economic Research, Inc.
    49. Han Bleichrodt & Peter P. Wakker, 2015. "Regret Theory: A Bold Alternative to the Alternatives," Economic Journal, Royal Economic Society, vol. 0(583), pages 493-532, March.
    50. Christine L. Exley & Judd B. Kessler, 2017. "The Better is the Enemy of the Good," Harvard Business School Working Papers 18-017, Harvard Business School.
    51. Rawley Z. Heimer & Kristian Ove R. Myrseth & Raphael S. Schoenle, 2015. "YOLO: Mortality Beliefs and Household Finance Puzzles," Working Papers 97, Brandeis University, Department of Economics and International Businesss School.
    52. Stefan Bechtold & Christoph Engel, 2017. "The Valuation of Moral Rights: A Field Experiment," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2017_04, Max Planck Institute for Research on Collective Goods.
    53. Lilo Wagner, 2015. "Pass/Fail, A-F, or 0-100? - Optimal Grading of Eager Students," Discussion Papers of DIW Berlin 1445, DIW Berlin, German Institute for Economic Research.
    54. Harin, Alexander, 2015. "Problems of utility and prospect theories. A “certain–uncertain” inconsistency within their experimental methods," MPRA Paper 67911, University Library of Munich, Germany.
    55. Eric Cardella & Carl Kitchens, 2017. "The impact of award uncertainty on settlement negotiations," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 333-367, June.
    56. Cullis, John & Jones, Philip & Lewis, Alan & Castiglioni, Cinzia & Lozza, Edoardo, 2015. "Do poachers make harsh gamekeepers? Attitudes to tax evasion and to benefit fraud," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 58(C), pages 124-131.
    57. Pablo Celhay & Paul Gertler & Paula Giovagnoli & Christel Vermeersch, 2015. "Long Run Effects of Temporary Incentives on Medical Care Productivity," NBER Working Papers 21361, National Bureau of Economic Research, Inc.
    58. Edward John Dorrell Webb, 2014. "Do we see monopoly or duopoly? The influence of perception on entry deterrence," Discussion Papers 14-20, University of Copenhagen. Department of Economics.
    59. Dahremöller, Carsten & Fels, Markus, 2015. "Product lines, product design, and limited attention," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 437-456.
    60. Biener, Christian & Eling, Martin & Landmann, Andreas & Pradhan, Shailee, 2018. "Can group incentives alleviate moral hazard? The role of pro-social preferences," European Economic Review, Elsevier, vol. 101(C), pages 230-249.
    61. Jon Kleinberg & Himabindu Lakkaraju & Jure Leskovec & Jens Ludwig & Sendhil Mullainathan, 2017. "Human Decisions and Machine Predictions," NBER Working Papers 23180, National Bureau of Economic Research, Inc.
    62. Edward J. Webb, 2014. "Perception and quality choice in vertically differentiated markets," Discussion Papers 14-07, University of Copenhagen. Department of Economics.
    63. Bordalo, Pedro & Gennaioli, Nicola & Shleifer, Andrei, 2012. "Salience and Experimental Tests of the Endowment Effect," Scholarly Articles 10636304, Harvard University Department of Economics.
    64. Kairies-Schwarz, Nadja & Kokot, Johanna & Vomhof, Markus & Weßling, Jens, 2017. "Health insurance choice and risk preferences under cumulative prospect theory – an experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 374-397.
    65. Jonathan W. Leland & Mark Schneider & Jonathan Leland, 2016. "Axioms for Salience Perception," Working Papers 16-15, Chapman University, Economic Science Institute.
    66. Harin, Alexander, 2014. "Problems of utility and prospect theories. A ”certain-uncertain” inconsistency of the random-lottery incentive system," MPRA Paper 55706, University Library of Munich, Germany.
    67. de Haan, Thomas & van Veldhuizen, Roel, 2015. "Willpower depletion and framing effects," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 47-61.
    68. W.J. Wouter Botzen & Howard Kunreuther & Erwann Michel-Kerjan, 2015. "Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 10(4), pages 365-385, July.
    69. Barna Bakó & Gábor Neszveda & Linda Dezső, 2018. "When irrelevant alternatives do matter. The effect of focusing on loan decisions," Theory and Decision, Springer, vol. 84(1), pages 123-141, January.
    70. Bianchi, Milo & Jehiel, Philippe, 2015. "Financial reporting and market efficiency with extrapolative investors," Journal of Economic Theory, Elsevier, vol. 157(C), pages 842-878.
    71. Michel, Christian, 2016. "Market Regulation of Voluntary Add-on Contracts," Annual Conference 2016 (Augsburg): Demographic Change 145892, Verein für Socialpolitik / German Economic Association.
    72. Ennio Bilancini & Leonardo Boncinelli, 2014. "Persuasion with Reference Cues and Elaboration Costs," Working Papers - Economics wp2014_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    73. Perroni, Carlo & Pogrebna, Ganna & Sandford, Sarah & Scharf, Kimberley, 2014. "Are Donors Afraid of Charities' Core Costs? Scale Economies in Non-profit Provision," CEPR Discussion Papers 10179, C.E.P.R. Discussion Papers.
    74. Jonathan W. Leland & Mark Schneider, 2016. "Salience, Framing, and Decisions under Risk, Uncertainty, and Time," Working Papers 16-08, Chapman University, Economic Science Institute.
    75. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    76. Markus Dertwinkel-Kalt & Mats Köster, 2017. "Local Thinking and Skewness Preferences," Working Paper Series in Economics 97, University of Cologne, Department of Economics.
    77. Harin, Alexander, 2014. "Problems of utility and prospect theories. A discontinuity of Prelec’s function," MPRA Paper 61027, University Library of Munich, Germany.
    78. Rosa Ferrer Zarzuela & Helena Perrone, 2017. "Consumers’ costly responses to product-harm crises," Economics Working Papers 1571, Department of Economics and Business, Universitat Pompeu Fabra.
    79. Cardella, Eric & Ewing, Bradley T. & Williams, Ryan B., 2017. "Price volatility and residential electricity decisions: Experimental evidence on the convergence of energy generating source," Energy Economics, Elsevier, vol. 62(C), pages 428-437.
    80. Rheinberger, Christoph & Treich, Nicolas, 2016. "Attitudes Toward Catastrophe," TSE Working Papers 16-635, Toulouse School of Economics (TSE).
    81. Hong-Yue Sun & Cheng-Ming Jiang, 2015. "Introducing money at any time can reduce discounting in intertemporal choices with rewards: An extension of the upfront money effect," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 10(6), pages 564-570, November.
    82. Mark Schneider & Jonathan Leland & Nathaniel T. Wilcox, 2016. "Ambiguity Framed," Working Papers 16-11, Chapman University, Economic Science Institute.
    83. Brebner, Sarah & Sonnemans, Joep, 2018. "Does the elicitation method impact the WTA/WTP disparity?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 40-45.
    84. Harin, Alexander, 2015. "Is Prelec’s function discontinuous at p = 1? (for the Einhorn Award of SJDM)," MPRA Paper 64672, University Library of Munich, Germany.
    85. Jonathan W. Leland & Mark Schneider & Nathaniel Wilcox, 2017. "Minimal Frames and Transparent Frames for Risk, Time, and Uncertainty," Working Papers 17-15, Chapman University, Economic Science Institute.
    86. Nicola Branzoli, 2016. "Price dispersion and consumer inattention: evidence from the market of bank accounts," Temi di discussione (Economic working papers) 1082, Bank of Italy, Economic Research and International Relations Area.
    87. Frydman, Cary & Rangel, Antonio, 2014. "Debiasing the disposition effect by reducing the saliency of information about a stock's purchase price," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 541-552.

  38. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Financial Innovation and Financial Fragility," Working Papers 2010.114, Fondazione Eni Enrico Mattei.

    Cited by:

    1. Spiros Bougheas, 2014. "Pooling, tranching, and credit expansion," Oxford Economic Papers, Oxford University Press, vol. 66(2), pages 557-579.
    2. Ricardo J. Caballero & Emmanuel Farhi, 2013. "A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy," NBER Working Papers 18737, National Bureau of Economic Research, Inc.
    3. Julio J. Rotemberg, 2010. "A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation," NBER Working Papers 16620, National Bureau of Economic Research, Inc.
    4. David Rooney & Tom Mandeville & Tim Kastelle, 2013. "Abstract Knowledge and Reified Financial Innovation: Building Wisdom and Ethics Into Financial Innovation Networks," Journal of Business Ethics, Springer, vol. 118(3), pages 447-459, December.
    5. Holmen, Martin & Kirchler, Michael & Kleinlercher, Daniel, 2014. "Do option-like incentives induce overvaluation? Evidence from experimental asset markets," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 179-194.
    6. Frank Packer & Timothy Riddiough, 2012. "Securitisation and the Commercial Property Cycle," RBA Annual Conference Volume,in: Alexandra Heath & Frank Packer & Callan Windsor (ed.), Property Markets and Financial Stability Reserve Bank of Australia.
    7. Stelios Michalopoulos & Luc Laeven & Ross Levine, 2011. "Financial Innovation and Endogenous Growth," Economics Working Papers 0097, Institute for Advanced Study, School of Social Science.
    8. Robin Greenwood & Samuel G. Hanson, 2010. "Issuer Quality and Corporate Bond Returns," Harvard Business School Working Papers 11-065, Harvard Business School.
    9. Matta, Rafael & Perotti, Enrico, 2015. "Insecure debt," LSE Research Online Documents on Economics 65099, London School of Economics and Political Science, LSE Library.
    10. Driffill, John & Miller, Marcus, 2011. "Liquidity when it matters: QE and Tobin’s q," CAGE Online Working Paper Series 68, Competitive Advantage in the Global Economy (CAGE).
    11. Alp Simsek, 2011. "Speculation and Risk Sharing with New Financial Assets," NBER Working Papers 17506, National Bureau of Economic Research, Inc.
    12. Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2013. "A Model of Shadow Banking," Journal of Finance, American Finance Association, vol. 68(4), pages 1331-1363, August.
    13. Atif R. Mian & Amir Sufi & Emil Verner, 2015. "Household Debt and Business Cycles Worldwide," NBER Working Papers 21581, National Bureau of Economic Research, Inc.
    14. Oliver D. Hart & Luigi Zingales, 2011. "Inefficient Provision of Liquidity," NBER Working Papers 17299, National Bureau of Economic Research, Inc.
    15. Anatoli Segura & Javier Suarez, 2016. "How excessive is banks’ maturity transformation?," Temi di discussione (Economic working papers) 1065, Bank of Italy, Economic Research and International Relations Area.
    16. Ricardo J. Caballero, 2015. "A Caricature (Model) of the World Economy," Central Banking, Analysis, and Economic Policies Book Series,in: Ricardo J. Caballero & Klaus Schmidt-Hebbel (ed.), Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, edition 1, volume 21, chapter 5, pages 061-077 Central Bank of Chile.
    17. Kondor, Péter & Köszegi, Botond, 2015. "Cursed financial innovation," Discussion Papers, Research Unit: Economics of Change SP II 2015-306, Social Science Research Center Berlin (WZB).
    18. Timothy J. Riddiough, 2011. "Can Securitization Work? Economic, Structural and Policy Considerations," Working Papers 242011, Hong Kong Institute for Monetary Research.
    19. Veronica Guerrieri & Péter Kondor, 2009. "Fund Managers, Career Concerns, and Asset Price Volatility," NBER Working Papers 14898, National Bureau of Economic Research, Inc.
    20. Ing-Haw Cheng & Sahil Raina & Wei Xiong, 2013. "Wall Street and the Housing Bubble," NBER Working Papers 18904, National Bureau of Economic Research, Inc.
    21. Marco Di Maggio & Marco Pagano, 2012. "Financial Disclosure and Market Transparency with Costly Information Processing," EIEF Working Papers Series 1212, Einaudi Institute for Economics and Finance (EIEF), revised May 2014.
    22. Chira, Inga & Madura, Jeff & Viale, Ariel M., 2013. "Bank exposure to market fear," Journal of Financial Stability, Elsevier, vol. 9(4), pages 451-459.
    23. Rüdiger Fahlenbrach & Robert Prilmeier & René M. Stulz, 2011. "This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis," NBER Working Papers 17038, National Bureau of Economic Research, Inc.
    24. Office of Financial Research (ed.), 2013. "Asset Management and Financial Stability," Reports, Office of Financial Research, US Department of the Treasury, number 13-1, March.
    25. Christopher L. Foote & Kristopher S. Gerardi & Paul S. Willen, 2012. "Why did so many people make so many ex post bad decisions?: the causes of the foreclosure crisis," Public Policy Discussion Paper 12-2, Federal Reserve Bank of Boston.
    26. Flore, Raphael, 2015. "Causes of Shadow Banking - Two Regimes of Credit Risk Transformation and its Regulation," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113178, Verein für Socialpolitik / German Economic Association.
    27. Emmanuel Farhi & Jean Tirole, 2017. "Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops," EconPol Working Paper 1, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    28. Ricardo J Caballero & Emmanuel Farhi, "undated". "The Safety Trap," Working Paper 233766, Harvard University OpenScholar.
    29. Caballero, Ricardo & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2016. "Safe Asset Scarcity and Aggregate Demand," CEPR Discussion Papers 11170, C.E.P.R. Discussion Papers.
    30. João Pinto & Mário Coutinho dos Santos, 2014. "Corporate Financing Choices after the 2007-2008 Financial Crisis," Working Papers de Economia (Economics Working Papers) 03, Católica Porto Business School, Universidade Católica Portuguesa.
    31. Taylor D. Nadauld & Michael S. Weisbach, 2011. "Did Securitization Affect the Cost of Corporate Debt?," NBER Working Papers 16849, National Bureau of Economic Research, Inc.
    32. Isil Erel & Taylor D. Nadauld & René M. Stulz, 2011. "Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?," NBER Working Papers 17269, National Bureau of Economic Research, Inc.
    33. Su-Yin Cheng & Chia-Cheng Ho & Han Hou, 2014. "The Finance-growth Relationship and the Level of Country Development," Journal of Financial Services Research, Springer;Western Finance Association, vol. 45(1), pages 117-140, February.
    34. Cipriani, Marco & Martin, Antoine & McCabe, Patrick E. & Parigi, Bruno, 2014. "Gates, Fees, and Preemptive Runs," Finance and Economics Discussion Series 2014-30, Board of Governors of the Federal Reserve System (U.S.).
    35. Kühnhausen, Fabian, 2014. "Financial Innovation and Fragility," Discussion Papers in Economics 21173, University of Munich, Department of Economics.
    36. Jean-Pierre Landau, 2014. "Deleveraging, long-term finance and the G20 agenda," BIS Papers chapters,in: Bank for International Settlements (ed.), Long-term finance: can emerging capital markets help?, volume 75, pages 19-24 Bank for International Settlements.
    37. Stefan Avdjiev & Patrick McGuire, 2012. "The Social Value of Policy Signals," BIS Working Papers 386, Bank for International Settlements.
    38. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    39. João Pinto, 2014. "The Economics of Securitization: Evidence from the European Markets," Working Papers de Economia (Economics Working Papers) 02, Católica Porto Business School, Universidade Católica Portuguesa.
    40. Xavier Gabaix, 2014. "A Sparsity-Based Model of Bounded Rationality," The Quarterly Journal of Economics, Oxford University Press, vol. 129(4), pages 1661-1710.
    41. David López-Salido & Jeremy C. Stein & Egon Zakrajšek, 2016. "Credit-Market Sentiment and the Business Cycle," NBER Working Papers 21879, National Bureau of Economic Research, Inc.
    42. Hanson, Samuel G. & Sunderam, Adi, 2013. "Are there too many safe securities? Securitization and the incentives for information production," Journal of Financial Economics, Elsevier, vol. 108(3), pages 565-584.
    43. Li, Han Hao & Miller, Marcus & Zhang, Lei, 2011. "When bigger isn’t better: Bail outs and bank behaviour," CEPR Discussion Papers 8602, C.E.P.R. Discussion Papers.
    44. Jagannathan, Ravi & Kapoor, Mudit & Schaumburg, Ernst, 2013. "Causes of the great recession of 2007–2009: The financial crisis was the symptom not the disease!," Journal of Financial Intermediation, Elsevier, vol. 22(1), pages 4-29.
    45. David Longworth, 2012. "Combatting the Dangers Lurking in the Shadows: The Macroprudential Regulation of Shadow Banking," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 361, September.
    46. Mirdala, Rajmund & Ruščáková, Anna, 2015. "On Origins and Implications of the Sovereign Debt Crisis in the Euro Area," MPRA Paper 68859, University Library of Munich, Germany.
    47. Alexi Savov & Alan Moreira, 2014. "The Macroeconomics of Shadow Banking," 2014 Meeting Papers 254, Society for Economic Dynamics.
    48. Viktar Fedaseyeu & Vitaliy Strohush, 2012. "Loans from the Government, Overinvestment by Households, and Asset Bubbles," Working Papers 443, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    49. Jakub W. Jurek & Erik Stafford, 2011. "Crashes and Collateralized Lending," NBER Working Papers 17422, National Bureau of Economic Research, Inc.
    50. Jorge Ponce & Magdalena Tubio, 2010. "Estabilidad financiera: conceptos básicos," Documentos de trabajo 2010004, Banco Central del Uruguay.
    51. Adrian, Tobias, 2015. "Financial Stability Policies for Shadow Banking," CEPR Discussion Papers 10435, C.E.P.R. Discussion Papers.
    52. Josef Falkinger, 2012. "Verantwortliches Handeln - Gestalten von Ordnung," ECON - Working Papers 100, Department of Economics - University of Zurich.

  39. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2009. "Regulation and Distrust," NBER Working Papers 14648, National Bureau of Economic Research, Inc.

    Cited by:

    1. Giuseppe Dari-Mattiacci & Carmine Guerriero & Zhenxing Huang, 2016. "The Property-Contract Balance," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 172(1), pages 40-64, March.
    2. Guerriero, Carmine, 2016. "Endogenous legal traditions and economic outcomes," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 416-433.
    3. Ananyev, Maxim & Guriev, Sergei, 2015. "Effect of Income on Trust: Evidence from the 2009 Crisis in Russia," CEPR Discussion Papers 10354, C.E.P.R. Discussion Papers.
    4. Lichter, Andreas & Loeffler, Max & Siegloch, Sebastian, 2015. "The Economic Costs of Mass Surveillance: Insights from Stasi Spying in East Germany," IZA Discussion Papers 9245, Institute for the Study of Labor (IZA).
    5. Christian Bjørnskov & Gert Svendsen, 2013. "Does social trust determine the size of the welfare state? Evidence using historical identification," Public Choice, Springer, vol. 157(1), pages 269-286, October.
    6. Claudia Senik, 2014. "The French Unhappiness Puzzle: the Cultural Dimension of Happiness," PSE Working Papers halshs-00628837, HAL.
    7. Rohner, D. & Thoenig, M. & Zilibotti, F., 2011. "War Signals: A Theory of Trade, Trust and Conflict," Cambridge Working Papers in Economics 1136, Faculty of Economics, University of Cambridge.
    8. Ljunge, Martin, 2012. "Cultural transmission of civicness," Economics Letters, Elsevier, vol. 117(1), pages 291-294.
    9. Georgarakos, Dimitris & Inderst, Roman, 2014. "Financial Advice and Stock Market Participation," CEPR Discussion Papers 9922, C.E.P.R. Discussion Papers.
    10. Ilzetzki, Ethan & Simonelli, Saverio, 2017. "Measuring productivity dispersion:Lessons from counting one-hundred million ballots," LSE Research Online Documents on Economics 86150, London School of Economics and Political Science, LSE Library.
    11. Bortolotti, Bernardo & Cambini, Carlo & Rondi, Laura, 2012. "Reluctant Regulation," MPRA Paper 48073, University Library of Munich, Germany.
    12. Meier, Stephan & Pierce, Lamar & Vaccaro, Antonino & La Cara, Barbara, 2016. "Trust and in-group favoritism in a culture of crime," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PA), pages 78-92.
    13. Ofer, Gur, 2010. "Twenty Years Later and the Socialist Heritage is still Kicking: the Case of Russia," WIDER Working Paper Series 059, World Institute for Development Economic Research (UNU-WIDER).
    14. De La Motte, Laura & Czernomoriez, Janna & Clemens, Marius, 2010. "Zur Vertrauensökonomik: Der Interbankenmarkt in der Krise von 2007-2009
      [Economics of trust: The interbank market during the crisis 2007-2009]
      ," MPRA Paper 20357, University Library of Munich, Germany.
    15. Anastasia Litina, 2012. "Unfavorable Land Endowment, Cooperation, and Reversal of Fortune," CREA Discussion Paper Series 12-07, Center for Research in Economic Analysis, University of Luxembourg.
    16. Spring, Eva & Grossmann, Volker, 2013. "Does Bilateral Trust Affect International Movement of Goods and Labor?," FSES Working Papers 442, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    17. Ziebarth, Nicolas R. & Wagner, Gert G., 2013. "Top?Down vs. Bottom?Up: The Long?Term Impact of Government Ideology and Personal Experience on Values," IZA Discussion Papers 7279, Institute for the Study of Labor (IZA).
    18. Wu, Jiabin, 2017. "Political institutions and the evolution of character traits," Games and Economic Behavior, Elsevier, vol. 106(C), pages 260-276.
    19. Borisova, Ekaterina I. & Polishchuk, Leonid & Peresetsky, Anatoly, 2014. "Collective management of residential housing in Russia: The importance of being social," Journal of Comparative Economics, Elsevier, vol. 42(3), pages 609-629.
    20. Michael Collins, J. & Urban, Carly, 2014. "The dark side of sunshine: Regulatory oversight and status quo bias," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 470-486.
    21. Grosfeld, Irena & Rodnyansky, Alexander & Zhuravskaya, Ekaterina, 2011. "Persistent anti-market culture: A legacy of the Pale of Settlement and of the Holocaust," CEPR Discussion Papers 8316, C.E.P.R. Discussion Papers.
    22. Yamamura, Eiji, 2012. "Trust in government and its effect on preferences for income redistribution and perceived tax burden," MPRA Paper 39833, University Library of Munich, Germany.
    23. Ferrante, Francesco & Ruiu, Gabiele, 2014. "Entrepreneurship. How important are institutions and culturally-based prior beliefs?," MPRA Paper 41915, University Library of Munich, Germany.
    24. Lucifora, Claudio & Moriconi, Simone, 2012. "Political Instability and Labor Market Institutions," IZA Discussion Papers 6457, Institute for the Study of Labor (IZA).
    25. Bergh, Andreas & Henrekson, Magnus, 2011. "Government Size and Growth: A Survey and Interpretation of the Evidence," Working Paper Series 858, Research Institute of Industrial Economics.
    26. Giacomo Corneo & Frank Neher, 2014. "Income inequality and self-reported values," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(1), pages 49-71, March.
    27. Hans Pitlik & Ludek Kouba, 2014. "Does social distrust always lead to a stronger support for government intervention?," WWWforEurope Policy Paper series 8, WWWforEurope.
    28. Niklas Potrafke, 2013. "Globalization and Labor Market Institutions: International Empirical Evidence," ifo Working Paper Series 154, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    29. Rahul Mehrotra & Vincent Somville & Lore vandewalle, 2016. "Increasing trust in the bank to enhance savings: Experimental evidence from India," CMI Working Papers 2, CMI (Chr. Michelsen Institute), Bergen, Norway.
    30. Abhijit V. Banerjee & Esther Duflo, 2014. "Under the Thumb of History? Political institutions and the Scope for Action," Working Papers id:5640, eSocialSciences.
    31. Elira Karaja & Jared Rubin, 2017. "The Cultural Transmission of Trust Norms: Evidence from a Lab in the Field on a Natural Experiment," Working Papers 17-08, Chapman University, Economic Science Institute.
    32. Martin Ljunge, 2015. "Social Capital and the Family: Evidence that Strong Family Ties Cultivate Civic Virtues," Economica, London School of Economics and Political Science, vol. 82(325), pages 103-136, January.
    33. Xin, Guangyi, 2017. "Trust and Economic Performance: A Panel Study," MPRA Paper 80815, University Library of Munich, Germany.
    34. Quang Nguyen & Marie Claire Villeval & Hui Xu, 2012. "Trust and Trustworthiness under the Prospect Theory: A field experiment in Vietnam," Working Papers halshs-00730609, HAL.
    35. Rafael Di Tella & Juan Dubra & Alejandro Luis Lagomarsino, 2016. "Meet the Oligarchs: Business Legitimacy, State Capacity and Taxation," NBER Working Papers 22934, National Bureau of Economic Research, Inc.
    36. Li, Weiwen & Bruton, Garry D. & Filatotchev, Igor, 2016. "Mitigating the dual liability of newness and foreignness in capital markets: The role of returnee independent directors," Journal of World Business, Elsevier, vol. 51(5), pages 787-799.
    37. Roy Cerqueti & Fabio Sabatini & Marco Ventura, 2017. "Civic capital and support for the welfare state," Econometica Working Papers wp65, Econometica.
    38. Radygin, Alexander & Simachev, Yury & Entov, Revold, 2015. "The state-owned company: “State failure” or “market failure”?1," Russian Journal of Economics, Elsevier, vol. 1(1), pages 55-80.
    39. Francois, Patrick & van Ypersele, Tanguy, 2009. "Doux Commerces: Does Market Competition Cause Trust?," CEPR Discussion Papers 7368, C.E.P.R. Discussion Papers.
    40. Richard S. J. Tol, 2011. "Credit where credit’s due: accounting for co-authorship in citation counts," Scientometrics, Springer;Akadémiai Kiadó, vol. 89(1), pages 291-299, October.
    41. Strobl, Eric & Valfort, Marie-Anne, 2012. "The Effect of Weather-Induced Internal Migration on Local Labor Markets: Evidence from Uganda," IZA Discussion Papers 6923, Institute for the Study of Labor (IZA).
    42. Luigi Guiso, 2010. "A Trust-driven Financial Crisis.Implications for the Future of Financial Markets," EIEF Working Papers Series 1006, Einaudi Institute for Economics and Finance (EIEF), revised Mar 2010.
    43. Doepke, Matthias & Zilibotti, Fabrizio, 2013. "Culture, Entrepreneurship, and Growth," IZA Discussion Papers 7459, Institute for the Study of Labor (IZA).
    44. Nico Voigtländer & Hans-Joachim Voth, 2011. "Persecution Perpetuated: The Medieval Origins of Anti-Semitic Violence in Nazi Germany," Working Papers 551, Barcelona Graduate School of Economics.
    45. Igor Shagalov, 2015. "The Interaction of Grassroots Communities and Local Authorities in Russia," HSE Working papers WP BRP 97/EC/2015, National Research University Higher School of Economics.
    46. Aghion, Philippe & Algan, Yann & Cahuc, Pierre, 2008. "Can Policy Interact with Culture? Minimum Wage and the Quality of Labor Relations," IZA Discussion Papers 3680, Institute for the Study of Labor (IZA).
    47. Olga Kuzmina & Natalya Volchkova & Tatiana Zueva, 2014. "Foreign Direct Investment and Governance Quality in Russia," Working Papers w0205, Center for Economic and Financial Research (CEFIR).
    48. Steven Ongena & Alexander Popov, 2016. "Gender Bias and Credit Access," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(8), pages 1691-1724, December.
    49. Berggren, Niclas & Daunfeldt, Sven-Olof & Hellström, Jörgen, 2012. "Social Trust and Central-Bank Independence," Working Paper Series 920, Research Institute of Industrial Economics.
    50. Michau, Jean-Baptiste, 2009. "Unemployment insurance and cultural transmission: theory and application to European unemployment," LSE Research Online Documents on Economics 28605, London School of Economics and Political Science, LSE Library.
    51. Yang, Fanzheng, 2013. "Using laboratory experiments to study otherwise unobservable labor market interactions," ISU General Staff Papers 201301010800004100, Iowa State University, Department of Economics.
    52. R. Menyashev., 2014. "Social Capital and the Demand for Regulation in Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    53. Nicholas Bloom & Raffaella Sadun, 2012. "The Organization of Firms Across Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 127(4), pages 1663-1705.
    54. Paolo Pinotti, 2009. "Trust and Regulation: Addressing a Cultural Bias," Temi di discussione (Economic working papers) 721, Bank of Italy, Economic Research and International Relations Area.
    55. Leibrecht, Markus & Pitlik, Hans, 2015. "Social trust, institutional and political constraints on the executive and deregulation of markets," European Journal of Political Economy, Elsevier, vol. 39(C), pages 249-268.
    56. Alberto Alesina & Yann Algan & Pierre Cahuc & Paola Giuliano, UCLA, 2010. "Family Values and the Regulation of Labor," Working Papers 2010.56, Fondazione Eni Enrico Mattei.
    57. Jeffrey Butler & Paola Giuliano & Luigi Guiso, 2010. "The Right Amount of Trust," Working Papers 2010.61, Fondazione Eni Enrico Mattei.
    58. Gimpelson, Vladimir & Kapeliushnikov, Rostislav, 2014. "Between Light and Shadow: Informality in the Russian Labour Market," IZA Discussion Papers 8279, Institute for the Study of Labor (IZA).
    59. Guerriero, Carmine, 2016. "Endogenous legal traditions," International Review of Law and Economics, Elsevier, vol. 46(C), pages 49-69.
    60. L. Polishchuk & E. Borisova & A. Peresetsky., 2010. "Managing Common Property in Russian Cities: An Economic Analysis of Homeowners Associations," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    61. Gorodnichenko, Yuriy & Roland, Gérard, 2010. "Culture, Institutions and the Wealth of nations," CEPR Discussion Papers 8013, C.E.P.R. Discussion Papers.
    62. Rinat Menyashev, 2011. "Consumer Cooperatives and Liberal Idea In Russia," HSE Working papers WP BRP 05/EC/2011, National Research University Higher School of Economics.
    63. Ludek Kouba & Hans Pitlik, 2014. "I wanna live my life: Locus of Control and Support for the Welfare State," MENDELU Working Papers in Business and Economics 2014-46, Mendel University in Brno, Faculty of Business and Economics.
    64. Yann Algan & Pierre Cahuc, 2014. "Trust, Well-Being and Growth: New Evidence and Policy Implications," Sciences Po publications info:hdl:2441/33o86cn6qp8, Sciences Po.
    65. Accetturo, Antonio & Bugamelli, Matteo & Lamorgese, Andrea R., 2017. "Law enforcement and political participation: Italy, 1861–65," Journal of Economic Behavior & Organization, Elsevier, vol. 140(C), pages 224-245.
    66. Grosjean, Pauline & Ricka, Frantisek & Senik, Claudia, 2013. "Learning, political attitudes and crises: Lessons from transition countries," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 490-505.
    67. Markus Leibrecht & Hans Pitlik, 2014. "Generalised Trust, Institutional and Political Constraints on the Executive and Deregulation of Markets," WIFO Working Papers 481, WIFO.
    68. Matthias Bürker & G. Alfredo Minerva, 2012. "Civic Capital and the Size Distribution of Plants: Short-Run Dynamics and Long-Run Equilibrium," Working Papers 2012.81, Fondazione Eni Enrico Mattei.
    69. Johnson, Noel D. & Mislin, Alexandra A., 2011. "Trust games: A meta-analysis," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 865-889.
    70. Moschion, Julie & Tabasso, Domenico, 2013. "Trust of Second Generation Immigrants: Intergenerational Transmission or Cultural Assimilation?," IZA Discussion Papers 7203, Institute for the Study of Labor (IZA).
    71. Nunn, Nathan, 2014. "Historical Development," Handbook of Economic Growth,in: Handbook of Economic Growth, edition 1, volume 2, chapter 7, pages 347-402 Elsevier.
    72. Zingales, Luigi, 2009. "The Future of Securities Regulation," CEPR Discussion Papers 7110, C.E.P.R. Discussion Papers.
    73. D'Orlando, Fabio & Ferrante, Francesco & Ruiu, Gabriele, 2011. "Culturally based beliefs and labor market institutions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(2), pages 150-162, April.
    74. Kim, Byung-Yeon & Choi, Syngjoo & Lee, Jungmin & Lee, Sokbae & Choi, Kyunghui, 2017. "Do Institutions Affect Social Preferences? Evidence from Divided Korea," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 865-888.
    75. Yamamura, Eiji, 2010. "Government size and trust," MPRA Paper 24985, University Library of Munich, Germany.
    76. Yehonatan Givati & Ugo Troiano, 2012. "Law, Economics, and Culture: Theory of Mandated Benefits and Evidence from Maternity Leave Policies," Journal of Law and Economics, University of Chicago Press, vol. 55(2), pages 339-364.
    77. Domenico Lisi & Miguel A. Malo, 2017. "The impact of temporary employment on productivity
      [Auswirkungen befristeter Beschäftigung auf die Produktivität]
      ," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 50(1), pages 91-112, August.
    78. Manthos, Delis & Iftekhar, Hasan & Pantelis, Kazakis, 2010. "Bank regulations and income inequality: Empirical evidence," MPRA Paper 27379, University Library of Munich, Germany.
    79. Buera, Francisco & Monge-Naranjo, Alexander & Primiceri, Giorgio E, 2010. "Learning the Wealth of Nations," CEPR Discussion Papers 8030, C.E.P.R. Discussion Papers.
    80. Andrei Shleifer, 2010. "Efficient Regulation," NBER Chapters,in: Regulation vs. Litigation: Perspectives from Economics and Law, pages 27-43 National Bureau of Economic Research, Inc.
    81. Björn Frank, 2011. "Economic page turners," MAGKS Papers on Economics 201126, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    82. Nunn, Nathan & Wantchekon, Leonard, 2011. "The Slave Trade and the Origins of Mistrust in Africa," Scholarly Articles 11986331, Harvard University Department of Economics.
    83. Costas Azariadis & Yannis M. Ioannides, 2014. "Thinking About Corruption in Greece," Discussion Papers Series, Department of Economics, Tufts University 0783, Department of Economics, Tufts University.
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    139. Rajat Panwar & Karen Paul & Erlend Nybakk & Eric Hansen & Derek Thompson, 2014. "The Legitimacy of CSR Actions of Publicly Traded Companies Versus Family-Owned Companies," Journal of Business Ethics, Springer, vol. 125(3), pages 481-496, December.
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    142. Pierre André & Paul Maarek, 2017. "Education, social capital and political participation Evidence from school construction in Malian villages," THEMA Working Papers 2017-18, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
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    47. Liang, Hanchao & Yang, Chunpeng & Zhang, Rengui & Cai, Chuangqun, 2017. "Bounded rationality, anchoring-and-adjustment sentiment, and asset pricing," The North American Journal of Economics and Finance, Elsevier, vol. 40(C), pages 85-102.
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    5. Amir Amel-Zadeh & Mary E. Barth & Wayne R. Landsman, 2017. "The contribution of bank regulation and fair value accounting to procyclical leverage," Review of Accounting Studies, Springer, vol. 22(3), pages 1423-1454, September.
    6. Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Neglected Risks, Financial Innovation, and Financial Fragility," Working Papers 502, Barcelona Graduate School of Economics.
    7. Challe, Edouard & Mojon, Benoit & Ragot, Xavier, 2013. "Equilibrium risk shifting and interest rate in an opaque financial system," European Economic Review, Elsevier, vol. 63(C), pages 117-133.
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