Research

Matthew Baron and Wei Xiong. “Credit Expansion and Neglected Crash Risk”
Quarterly Journal of Economics, 132.2 (2017): 713-764. Online Appendix here.
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Matthew Baron, Jonathan Brogaard, Björn Hagströmer; and Andrei Kirilenko. “Risk and Return in High Frequency Trading”
Journal of Financial and Quantitative Analysis, 54.3 (2019): 993-1024.
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Matthew Baron. “Countercyclical Bank Equity Issuance”
Review of Financial Studies, 33.9 (2020): 4186–4230.
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Matthew Baron, Emil Verner, and Wei Xiong. “Banking Crises without Panics”
Quarterly Journal of Economics, 136.1 (2021): 51–113.
– Download: BVX Crisis List, Historical documentation, Full data and replication kit.
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Matthew Baron and Tyler Muir. “Intermediaries and Asset Prices: International Evidence since 1870”
Review of Financial Studies, 35.5 (2022): 2144–2189.
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Isha Agarwal and Matthew Baron. “Inflation and Disintermediation”
Journal of Financial Economics, forthcoming.

Matthew Baron, Luc Laeven, Julien Pénasse, and Yevhenii Usenko. “Investing in Crises”
Reject and Resubmit at the Quarterly Journal of Economics
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Matthew Baron, Wei Xiong, and Zhijiang Ye. “Measuring Time-Varying Disaster Risk: An Empirical Analysis of ‘Dark Matter’ in Asset Prices”
Revise and Resubmit at the Journal of Finance
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Matthew Baron, Moritz Schularick, and Kaspar Zimmermann. “Survival of the Biggest: Large Banks and Financial Crises”
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Matthew Baron, Zhou Fan and Jamil Rahman. “Credit Cycles and Asset Price Bubbles”
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Matthew Baron and Isaac Green. “The Aftermath of Credit Booms: Evidence from Credit Ceiling Removals”

Matthew Baron and Daniel Dieckelmann. “Historical Banking Crises: A New Database and a Reassessment of their Incidence and Severity”
in Leveraged: The New Economics of Debt and Financial Fragility. (ed.: Moritz Schularick) University of Chicago Press, forthcoming.

“Beyond Boom and Bust: Causes of Banking Crises since 1870” with Daniel Dieckelmann_

Matthew Baron