RFS News

“Dynamic Coordination and Bankruptcy Regulations” by Hongda Zhong and Zhen Zhou “How Does Removing the Tax Benefits of Debt Affect Firms? Evidence from the 2017 US Tax Reform” by Ali Sanati and Mehdi Beyhaghi

“Personal Bankruptcy Protection and Household Debt” by Felipe Severino, Meta Brown, and Rajashri Chakrabarti

“Technological Obsolescence” by Song Ma

“Identifying Price Informativeness” by Eduardo Davila and Cecilia Parlatore  “Π-CAPM: The Classical CAPM with Probability Weighting and Skewed Assets” by Joost Driessen, Sebastian Ebert, and Joren Koëter

The January issue of RFS has published! The Editor’s Choice paper is: “The Hedging Channel of Exchange Rate Determination” by Gordon Y. Liao and Tony Zhang

“An Equilibrium Model of Imperfect Hedging: Transaction Costs, Heterogeneity in Risk Aversion, and Return Volatility” by Mark Loewenstein and Qin Zhenjiang

“Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method” by Leonid Kogan and Indrajit Mitra

“When financial advice leads to positive performance: Evidence from repeated client-advisor interactions” by Charline Uhr

“Learning to Disclose: Disclosure Dynamics in the 1890s Streetcar Industry” by Thomas Bourveau, Matthias Breuer, and Robert Stoumbos