This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
(1) Beware of Trading on Your Smartphone (5 min read)
Trading on your smartphone can have undesirable consequences. Based on the trading behaviour of 18,000 investors, a new NBER paper finds that smartphone investing increases the probability of purchasing risky assets and chasing past returns, especially during after-work hours.
(Sam van de Schootbrugge │ 3rd February, 2021)
On the origin of systemic risk (Bank of England, 43 page read)
Optimal Bailouts in Banking and Sovereign Crises (NBER, 26 page read)
Answering the Queen: Machine learning and financial crises (BIS, 37 page read)
COVID-19 and SMEs: A 2021 “Time Bomb”? (NBER, 5 page read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)