A Message from the Editor

• Published date: 01 December 2020
• Author: Don Chew
• Date: 01 December 2020
• DOI: http://doi.org/10.1111/jacf.12426

IN THIS ISSUE:

Public

Finance and

Central Banks

8Rethinking Macro Measurement

James Sweeney, Chief Economist, Credit Suisse

17 e First Modern Financial Crises: e South Sea and Mississippi

Bubbles in Historical Perspective

Robert F. Bruner, University of Virginia; and Scott C. Miller, Yale University

34 Convergence and Reversion: China’s Banking System at 70

Carl Walter

44 Apocalypse Averted: e COVID-Caused Liquidity Trap, Dodd-Frank,

and the Fed

Craig Pirrong, University of Houston

49 e Poverty of Monetarism

Patrick Bolton, Columbia University

68 Columbia Business School Roundtable on Broken Models of Public Finance

Panelists: Jared Bernstein, Center for Budget and Policy Priorities; and Paul Kazarian,

Japonica Partners. Moderated by Shiva Rajgopal, Columbia University

82 Columbia Business School Roundtable on e Fed’s Response to the

Global Financial Crisis—and Now the Pandemic

Panelists: Frederic Mishkin and Patricia Mosser, Columbia University. Moderated by Kate Davidson,

The Wall Street Journal

90 e Euro @ 20: How Economic and Financial “Asymmetries”

Marred the Promise of the Single Currency

George Alogoskous, Athens University of Economics and Business; and Laurent Jacque,

Tufts University

105 e Benets of Buying Distressed Assets

Jean-Marie Meier, University of Texas at Dallas; and Henri Servaes, London Business School,

CEPR, and ECGI

117 Using ESG to Enhance Fixed-Income Returns: e Case of Inherent Group

Nikhil Mirchandani and Chelsea Rossetti, Inherent Group

127 e Economic (Not Literary) Oenses of Michael Lewis:

e Case of e Big Short and the Global Financial Crisis

Don Chew, Journal of Applied Corporate Finance

VOLUME 32

NUMBER 4

FALL 2020

APPLIED

CORPORATE FINANCE

Journal of