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Forthcoming Paper

“How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?” by Matthias Efing, Rudiger Fahlenbrach, Christoph Herpfer, and Philipp Krueger

Paper Spotlight: Optimal Capital Structure with Imperfect Competition

Why do firms in the same industry often have different leverage levels? In their paper “Optimal Capital Structure with Imperfect Competition,” Egor Matveyev and Alexei Zhdanov show that strategic interaction alone can generate this difference. The authors first exhibit a theoretical model in which two ex ante identical firms are deciding when to enter an industry and also how much debt to issue. The product price depends both on the… Read More »Paper Spotlight: Optimal Capital Structure with Imperfect Competition

GSU-RFS FinTech Conference Keynote

RFS Executive Editor Itay Goldstein was the keynote speaker at the 2022 GSU-RFS FinTech Conference. His speech, “Fintech, Decentralization, and Utility Tokens,” may be viewed on the conference’s YouTube channel.

Paper Spotlight: P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?

              Peer-to-peer (P2P) lending, directly matching borrowers and lenders without the presence of an intermediating bank or the need of deposits, has grown rapidly in many countries. This growth has placed in focus the competition between this new form of un-intermediated lending and the traditional intermediated bank lending. A series of questions regarding the competition between banks and P2P platforms arise: When do banks… Read More »Paper Spotlight: P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?

New Issue: May 11(2)

The May issue of RCFS has published! The Editor’s Choice paper is: “P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?” Calebe de Roure, Loriana Pelizzon, and Anjan Thakor

New Issue: May 35(5)

The May issue of RFS has published! The Editor’s Choice paper is: “The Cross-Section of Bank Value” by Mark Egan, Stefan Lewellen, and Adi Sunderam

Publishing in Finance: Fireside Chats with Journal Editors

RAPS Executive Editor Zhiguo He and RCFS Executive Editor Andrew Ellul will take part in the Publishing in Finance: Fireside Chats with Journal Editors webinar series. Zhiguo’s interview will be on May 12 at 11:30am ET and Andrew’s interview will be on May 18 at 12pm ET. Sign up here. You can also watch RFS Executive Editor Itay Goldstein’s interview from May 2021 here.

Registered Reports Repository

The RCFS Winter Conference, which took place in February, included a Call for Proposals on “Finance for the Greater Good.” The accepted proposals are now available to view in the Registered Reports Repository.