Economic uncertainty before and during the COVID-19 pandemic Altig D., Baker S., Barrero J. M., Bloom N., Bunn P., Chen S., Davis S. J., Leather J., Meyer B., Mihaylov E., Mizen P., Parker N., Renault T., Smietanka P., Thwaites G.

Cheap Talk? Financial Sanctions and Non-Financial Firms Besedeš T., Goldbach S., Nitsch V.

Structural Model for Fluctuations in Financial Markets Anand K., Khedair J., Kuehn R.

Reversal Interest Rate and Macroprudential Policy Darracq Pariès M., Kok C., Rottner M.

Too Connected to Fail? Inferring Network Ties From Price Co-Movements Bosma J., Koetter M., Wedow M.

Listening to the Noise: On Price Efficiency with Dynamic Trading Arnold L., Ruß D.

Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families Jank S., Wedow M.

Asset Allocation in Markets with Contagion: The Interplay between Volatilities, Jump Intensities, and Correlations Konermann P., Meinerding C., Sedova O.

Multinational banks in the crisis: Foreign affiliate lending as a mirror of funding pressure and competition on the internal capital market Frey R., Kerl C.

Bargaining Power and Outside Options in the Interbank Lending Market Abbassi P., Bräuning F., Schulze N.