“Finance, Advertising, and Race” by Claire Celerier and Purnoor Tak “The Persistence of Miscalibration” by Michael Boutros, Itzhak Ben-David, John R. Graham, Campbell Harvey, and John W. Payne “Digital Tokens and Platform Building” by Jiasun Li and William Mann

“An Intermediation-Based Model of Exchange Rates” by Semyon Malamud, Andreas Schrimpf, and Yuan Zhang “Getting to the Core: Inflation Risks Within and Across Asset Classes” by Xiang Fang, Yang Liu, and Nikolai Roussanov

“Does Private Equity Ownership Make Firms Cleaner? The Role Of Environmental Liability Risks” by Aymeric Bellon

The December issue of RFS has published! The Editor’s Choice paper is: “Are Bankruptcy Professional Fees Excessively High?” by Samuel Antill