Publications

• 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, (2024), forthcoming.
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• Matthew Baron and Isaac Green. “The Aftermath of Credit Booms: Evidence from Credit Ceiling Removals”,
  Journal of Financial and Quantitative Analysis, (2025), forthcoming.
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• Matthew Baron, Luc Laeven, Julien Pénasse, and Yevhenii Usenko. “Permanent Capital Losses after Banking Crises”
  Quarterly Journal of Economics, (2025), forthcoming.

Working Papers

Book Chapters

• 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.

Current Projects

• Matthew Baron, Zhou Fan and Jamil Rahman. “Trading the Credit Cycles”