Volume 166, 2025

1. Optimal policy for behavioral financial crises
Paul Fontanier

2. Central Bank–Driven Mispricing
Loriana Pelizzon, Marti G. Subrahmanyam, Davide Tomio

3. Strategic arbitrage in segmented markets
Svetlana Bryzgalova, Anna Pavlova, Taisiya Sikorskaya

4. Financial Inclusion Across the United States
Motohiro Yogo, Andrew Whitten, Natalie Cox

5. The real and financial effects of internal liquidity: Evidence from the Tax Cuts and Jobs Act
James F. Albertus, Brent Glover, Oliver Levine

6. Global Business Networks
Christian Breitung, Sebastian Müller

7. Do bank CEOs learn from banking crises?
Gloria Yang Yu

8. The impact of bank financing on municipalities’ bond issuance and the real economy
Ramona Dagostino

9. Bank competition and household privacy in a digital payment monopoly
Itai Agur, Anil Ari, Giovanni Dell’Ariccia