Matthew Baron

Biography

Professor Matthew Baron, an assistant professor of finance at the Johnson Graduate School of Management, studies banking and financial crises. His recent research has focused on credit booms around the world and how they lead to stock crashes and banking crises. His research on high frequency trading has been featured in the New York Times, the Wall Street Journal, Bloomberg Businessweek, and various economics blogs. He was a visiting researcher at the New York Fed, the Federal Reserve Board, and the Commodity Futures Trading Commission. His research is supported by grants from the Institute for New Economic Thinking, the Governor's Woods Foundation, and Cornell's Institute for Social Sciences. Matt received his PhD in economics from Princeton University and his BS in mathematics from Yale University.

Selected Publications

• Baron, Matthew; Xiong, Wei. "Credit Expansion and Neglected Crash Risk"Quarterly Journal of Economics. 132.2 (2017): 713-764
• Baron, Matthew; Brogaard, Jonathan; Hagströmer, Björn; Kirilenko, Andrei. "Risk and Return in High-Frequency Trading"Journal of Financial and Quantitative Analysis. 54.3 (2019): 993-1024
• Baron, Matthew. "Countercyclical Bank Equity Issuance"Review of Financial Studies. 33.9 (2020): 4186-4230
• Baron, Matthew; Verner, Emil; Xiong, Wei. "Banking Crises without Panics"Quarterly Journal of Economics. 136.1 (2021): 51-113
• Baron, Matthew; Muir, Tyler. "Intermediaries and Asset Prices: International Evidence since 1870"Review of Financial Studies. (2021)
• Agarwal, Isha; Baron, Matthew. "Inflation and Disintermediation" (in preparation).
• Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, Yevhenii. "Investing in Crises" (in preparation).
• Baron, Matthew; Dieckelmann, Daniel. "Historical Banking Crises: A New Database and a Reassessment of their Incidence and Severity"Leveraged: The New Economics of Debt and Financial Fragility, Ed. Moritz Schularick. University of Chicago Press. (forthcoming).

Awards and Honors

• Eiko and Sudi Mariappa Sesquicentennial Fellow (2019)
• Clifford H. Whitcomb Faculty Fellow (2019)

Recent Courses

• NBA 5980 - Behavioral Finance
• NBA 5420 - Investment and Portfolio Management
• NRE 5060 - PhD Seminar - Corporate Finance Theory

Academic Degrees

• PhD Princeton University, 2015
• MA Princeton University, 2012
• BS Yale University, 2007