Volume 168, 2025
1. Main Street’s Pain, Wall Street’s Gain
Nancy R. Xu, Yang You
2. Can everyone tap into the housing piggy bank? Racial disparities in access to home equity
James N. Conklin, Kristopher Gerardi, Lauren Lambie-Hanson
3. Investor demand, firm investment, and capital misallocation
Jaewon Choi, Xu Tian, Yufeng Wu, Mahyar Kargar
4. Benchmarking benchmarks
James Brugler, Marta Khomyn, Tālis Putniņs̆
5. Reaching for yield: Evidence from households
Francisco Gomes, Cameron Peng, Oksana Smirnova, Ning Zhu
6. The retail execution quality landscape
Anne Haubo Dyhrberg, Andriy Shkilko, Ingrid M. Werner
7. Understanding the strength of the dollar
Zhengyang Jiang, Robert J. Richmond, Tony Zhang
8. Central bank liquidity reallocation and bank lending: Evidence from the tiering system
Carlo Altavilla, Miguel Boucinha, Lorenzo Burlon, Mariassunta Giannetti, Julian Schumacher
9. Strategic digitization in currency and payment competition
Lin William Cong, Simon Mayer
10. Fintech entry, lending market competition, and welfare
Xavier Vives, Zhiqiang Ye