In recent years, the tendency of the number of financial institutions to include
cryptocurrencies in their portfolios has accelerated. Cryptocurrencies are the first pure digital …

Financial crises have large deleterious effects on economic activity, and as such have been
the focus of a large body of research. This study surveys the existing literature on financial …

Norway was the first of ten countries to legislate gender quotas for boards of publicly traded
firms. There is considerable debate and mixed evidence concerning the implications of …

Terra, the third largest cryptocurrency ecosystem after Bitcoin and Ethereum, collapsed in
three days in May 2022 and wiped out $50 billion in valuation. At the center of the collapse …

We review the extensive literature on systemic risk and connect it to the current regulatory
debate. While we take stock of the achievements of this rapidly growing field, we identify a …

This paper argues that the extent of financial contagion exhibits a form of phase transition:
as long as the magnitude of negative shocks affecting financial institutions are sufficiently …

Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

This paper surveys the academic literature concerning the formation of pricing bubbles in
digital currency markets. Studies indicate that several bubble phases have taken place in …

The creation of bitcoin heralded the arrival of digital or crypto-currency and has been
regarded as a phenomenon. Since its introduction, it has experienced a meteoric rise in …

We present an extrapolative model of bubbles. In the model, many investors form their
demand for a risky asset by weighing two signals—an average of the asset's past price …