Area: Finance
Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools
Known as collateralized loan obligations, their aim is actually to reduce risk
Equity-Rich Homeowners Overpay for Their Next House
Less diligent as shoppers, such buyers help drive up home prices
Boom of Intangible Assets Felt Across Industries and Economy
Rethinking issues around productivity, income inequality and industry concentration
A Different Way to Evaluate Private Equity Performance
An approach tailored to investor risk appetite and more comparable to stocks
Across 145 Years and 17 Countries, a Common Thread in Risky Credit Booms
Do investors misprice assets, revise their risk appetite or make some other misjudgment?
Options Market Signals Scope of Federal Reserve Interventions
Traders see an implicit promise beyond specific asset purchases
How Much Debt Can the Government Roll Over Forever?
Public bonds compete against other investments; a model of that relationship
Middlemen: Matchmakers or Sources of Strategic Information?
Probing that question using a database of for-sale-by-owner home listings
Banks Transmit Financial Shocks, Including from Natural Disasters
How a localized flood may result in fewer loans to a far-off community
In a Crisis, Solvent Borrowers are Overcharged, Subsidizing Troubled Bank Clients
An unusual data trove from Greece’s economic collapse reveals the practice
Banks, Freed to Operate Across State Lines, Helped Stabilize the Economy
Lenders financed expansion in some markets, offsetting problems in others
A Solution to the Debate over Momentum’s Cause?
Investors may underreact when information arrives in small, continuous bits
Fed Policy Helped Distressed Homeowners But Wasn’t a Cure-All
Modifications curtailed foreclosures during 2008-09 crisis, but borrowers remained at high risk of delinquency
Who Does — and Doesn’t — Suffer From Lack of Competition for Workers
Nurses, cosmetologists and other professionals find wages suppressed more than many lower-skilled workers
The Collective Wisdom of Options Trades as Interest Rate Predictor
Skewness, measuring the range of biases, strongly suggests rate moves
Addressing Its Lack of an ID System, India Registers 1.2 Billion in a Decade
Digital identity used in nearly every realm of life