The December issue of RFS has published! The Editor’s Choice paper is: “Passive Investing and the Rise of Mega-Firms” by Hao Jiang, Dimitri Vayanos, and Lu Zheng

“Bond Convenience Yields in the Eurozone Currency Union” by Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh, and Mindy Xiaolan