MurilloCampello December 2020 Samuel Curtis JohnsonGraduateSchoo lofManagementPho ne:(607) 255-1282 CornellUniversityE-mail:[email protected] 381SageHall Ithaca,NY14853-6201

CurrentAppointments 2011—:LewisH.DurlandProfessorofFinance,JohnsonSchool,CornellUniversity 2010—:ResearchAssociate,NationalBureau ofEconomicResearch(CorporateFinance) 2018—2020:AcademicDirector,FinancialManagementAssociation

PastAppointmentsandVisits 2019,2020(SpringSemester):VisitingProfessorofFinance,UniversityNovadeLisboa 2017 (SpringSemester):VisitingProfessorofFinance,UniversityofCambridge 2014(March), 2016(FallSemester):Visitin gProfessorofFinance,ColumbiaUniversity 2009—2011, 2013—2015, 2019(May/June):VisitingProfessorofFinance,UniversityofAmsterdam 2013,2014(July):VisitingProfessorofFinance,ChineseUniversityofHongKong 2013,2015(September):VisitingScholar,FederalReserveBank ofNewYork 2016 (September):VisitingScholar,FederalReserveBankBoardofGovernors(D.C.) 2014,2015(July):VisitingProfessorofFinance,University ofQueensland 2015,2016, 2017,2018, 2019(November):Visitin gProfessorofFinance,University ofManchester 2006—2010:FacultyResearchFellow,NationalBureauofEconomicResearch(CorporateFinance) 2009—2011:Alan andJoyceBaltzProfessorofFinance,UniversityofIllinois 2008—2009: I.B.E.ProfessorofFinance,University of Illinois 2006—2008:AssociateProfessorofFinance,University of Illinois 2002—2006:AssistantProfessorofFinance,UniversityofIllinois 2001—2002:AssistantProfessorofFinance,MichiganStateUniversity 2000—2001:AssistantProfessorofFinance,ArizonaStateUniversity

Education Ph.D.inFinance,UniversityofIllinois, 2000 M.Sc.inBusinessAdministration,Ponti ficalCatholicUniversity ofRiodeJaneiro,1994 B.A.inEconomics,FederalUniversityofRio de Janeiro, 1991

Honors andAwards “RisingStar” inFinance(NYU-Stern/Renssalaer),2010 DistinguishedRefereeAward( Review of FinancialStudies ), 2010,2011 BrattlePrize Finalist( JournalofFinance ), 2002,2004 GoldmanSachs Prize Winner( Review of Finance), 2007 BestPaperAward(NapaConferenceonFinancialMarketsResearch),2010 BestPaperAward(FMAEuropeanMeetings), 2011 BestPaperAward(BrazilianEconometricSocietyMeeting),2014 BestPaperAward( Review of CorporateFinanceStudies ), 2014 AnnualFacultyResearchAward,Johnson School,Cornell University,2012

Publications InternalCapitalMarkets inFinancialConglomerates:Evidence fromSmallBankResponses to • MonetaryPolicy, JournalofFinance ,2002(57), 2773-2805. CapitalStructure andProductMarketsInteractions:Evidence fromBusinessCycles, Journalof • FinancialEconomics ,2003(68), 353-378. TheCashFlowSensitivityofCash (withH.Almeida andM.Weisbach), JournalofFinance , 2004 • (59),1777-1804. WhoHerds?(withD.BernhardtandE.Kutsoati), JournalofFinancialEconomics, 2006 (80), • 657-675. DebtFinancing:Does itHurt orBoostFirmPerformance inProductMarkets? Journalof • FinancialEconomics, 2006(82),135-172. TheFinancialAccelerator:EvidenceFrom InternationalHousingMarkets(withH.Almeidaand • C.Liu), Review ofFinance ,2006(10), 1-32.[ LeadArticle. ] Firm BalanceSheetsandMonetaryPolicyTransmission(withA. Ashcraft), JournalofMonetary • Economics, 2007 (54),1515-1526 . [LeadArticle. ] TheDynamicsofEarningsForecastManagement(withD.Bernhardt), ReviewofFinance , 2007 • (11),287-324. FinancialConstraints,AssetTangibility, andCorporate Investment (withH.Almeida), Reviewof • FinancialStudies ,2007(20), 1429-1460. IsCashNegativeDebt?AHedgingPerspectiveonCorporateFinancialPolicies(withV.Acharya • andH.Almeida), JournalofFinancial Intermediation ,2007(16), 515-554. ExpectedReturns,YieldSpreads,andAssetPricingTests(withL.Chen andL.Zhang), Review • of FinancialStudies ,2008(21), 1297-1338. AreFinancialConstraintsPriced?EvidencefromFirmFundamentalsandEquityReturns (with • L.Chen), JournalofMoney,Creditand Banking ,2010(42), 1185-1198. FinancingFrictions andthe SubstitutionBetwee nInternalandExternalFunds(withH.Almeida), • JournalofFinancial andQuantitativeAnalysis ,2010(45), 586-622. TheRealE ffectsof FinancialConstraints:Evidencef romaFinancialCrisis(withJ.Graham and • C. Harvey), JournalofFinancialEconomics ,2010(97), 470-487.[ JFEAll-StarPaper. ]

2 MeasurementErrorsinInvestmentEquations(withH.AlmeidaandA.Galvao), ReviewofFinan- • cial Studies,2010(23), 3279-3328.[ LeadArticle. ] LiquidityManagementandFirm Investmentina FinancialCrisis(withJ.Graham,E.Giambona, • andC.Harvey), ReviewofFinancialStudies ,2011(24), 1944-1979. CorporateFinancial andInvestmentPolicieswhenFutureFinancing is notFrictionless (withH. • AlmeidaandM.Weisbach), JournalofCorporate Finance ,2011(17), 675-693.[ LeadArticle. ] TheRealand FinancialImplicationsof CorporateHedging(withC.Lin,Y.Ma,andH.Zou), • JournalofFinance ,2011(66), 1613-1645. LiquidityMergers (withH.Almeida andD.Hackbarth), JournalofFinancial Economics , 2011 • (102), 526-558. CorporateDebtMaturityand theRealE ffects of the2007CreditCrisis(withH.Almeida,B. • Laranjeira,andS.Weisbenner), CriticalFinanceReview ,2012(1),3Lea-5d8A.rt[icle. ] Access toLiquidityandCorporateInvestmentinEuropeDuringtheFinancialCrisis(withJ. • Graham,E.Giambona, andC.Harvey), Review ofFinance, 2012(16),323-346.[ LeadArticle. ] TheFirm-LevelCreditMultiplier(withD.Hackbarth), JournalofFinancial Intermediation , 2012 • (21),446-472. CreditDefaultSwaps andRiskShifting(withR.Matta), EconomicsLetters,2012 (117), 639-641. • DoStockPricesIn fluenceCorporate Decisions? EvidencefromtheTechnologyBubble(withJ. • Graham), JournalofFinancialEconomics ,2013(107),89-110. AggregateRiskand theChoicebetweenCash andLinesofCredit (withV.Acharya andH. • Almeida), JournalofFinance ,2013 (68),2059-2116 . RealAssetsandCapitalStructure (withE.Giambona), JournalofFinancial andQuantitative • Analysis ,2013(48), 1333-1370.[ LeadArticle. ] Is theStockMarketJustaSideShow?Evidence fromaStructuralReform(withR.RibasandA. • Wang), Review of CorporateFinance Studies,2014(3),1L-e3a8dA.r[ticle. ] EnlargingtheContractingSpace:CollateralMenus,Access toCredit,andEconomicActivity • (withM.Larrain), Review ofFinancialStudies ,2016 (29),349-383 . CustomerConcentrationandLoanContractTerms(withJ.Gao), JournalofFinancialEconomics , • 2017(123), 108-136. Whistle-blowersontheBoard?TheRoleofIndependentDirectorsinCartelProsecutions (with • D.FerresandG.Ormazabal), JournalofLaw andEconomics , 2017(60),241-268. Bankruptcy andTheCost ofOrganizedLabor:EvidencefromUnionElections(withJ.Gao,J. • Qiu,andY.Zhang), ReviewofFinancialStudies 2018 (31),980-1013. Testing forSlopeHeterogeneityBiasinPanelDataModels (withA.GalvaoandT.Juhl), Journal • ofBusinessEconomicsandStatistics 2019(37), 749-760. RenegotiationFrictionsandFinancialDistressResolution:EvidencefromCDSSpreads (withT. • Ladika andR.Matta), ReviewofFinance 2019(23),513-556.

3 Access toCollateraland theDemocratization ofCredit:France’sReformoftheNapoleonicSecurity • Code(withK.Aretz andM.Marchica), JournalofFinance ,2020(75), 45-90 . InvestmentRisk,CDS Insurance,andFirmFinancing (withR.Matta), forthcoming, European • EconomicReview.

BookChapters andMonographs TheBigFreeze(withJ.Graham andC.Harvey) inManaging inaDownturn ,Harlow,UK:Pearson • EducationLimited,2009, 14-21. TheLong-TermCost of theFinancialCrisis (withJ.GrahamandC.Harvey)inLessonsfrom the • FinancialCrisis ,ed.RobertKolb,Hoboken,New Jersey:JohnWileyand Sons,2010, 525-536. LinesofCreditandInvestmentin Europe:Evidencefromthe FinancialCrisis,(withE.Giambona, • J.Graham,andC.Harvey), inGoingforGrowth:TheRole ofFinancialIntermediaries andFinancialMarketsintheFinancingofFirms ,ed.RobertoGuida andAntonioMele,Bologna,Italy: IlMulino,2012( in Italian). Assessing thePerformance ofEstimators forModelswithMeasurementErrors (withH.Almeida • andA.Galvao) inHandbook of FinancialEconometric andStatistics ,ed. Cheng-FewLee,NewYork: Elsevier,2014. CorporateLiquidityManagement:AConceptu alFrameworkand Survey (withH.Almeida,I. • Cunha, andM.Weisbach) inAnnualReviewofFinancialEconomics ,2014.

WorkingPapers DoRealEstateValuesBoostCorporateBorrowing?EvidencefromContract-LevelData(withR. • Connolly,G.Kankanhalli,andE. Steiner),Reviseand Resubmit, JournalofFinancial Economics. GlobalE ffectsoftheBrexitReferendum:Evidence fromUSCorporations (withG.Cortes,G. • Kankanhalli,andF. d’Almeida),Reviseand Resubmit, JournalofFinancialandQuantitativeAnalysis. TheRiseoftheEquityLendingMarket: Implications forCorporatePolicies(withR.Mattaand • P.Sa ffi) CapitalComposition andProductivityunderUncertainty:Evidence from theShippingIndustry • (withG.Kankanhalli andH.Kim) PersonalTaxesandLaborDownskilling:Evidence from 27MillionJobPostings (withJ.Gao and • Q.Xu) CorporateHiringunderCOVID-19:LaborMarketConcentration,Downskilling,andIncomeIn- • equality(withG.Kankanhalli andP.Muthukrishnan)

JournalEditorialAppointments ManagingEditor, JournalofFinancial Intermediation ,2013—present GuestEditor,SpecialIssue, JournalofCorporate Finance ,2012 AssociateEditor, Review ofFinancialStudies ,2007—2010 AssociateEditor, JournalofFinancial Intermediation ,2008—2013

4 AssociateEditor, JournalofFinancial andQuantitativeAnalysis ,2011—present AssociateEditor, Critical FinanceReview ,2010—present

RefereeingActivities AdHocReferee, AmericanEconomicReview,Econometrica,QuarterlyJournal ofEconomics, Jour- nalofPoliticalEconomy,JournalofFinancialEconomics, JournalofFinance,ReviewofFinancial Studies,Reviewof Economic Studies,JournalofMonetaryEconomics,ReviewofEconomics andSta- tistics, JournalofFinancial andQuantitativeAnalysis, JournalofMoney,CreditandBanking, Journal ofFinancialIntermediation, Economic Journal, EconomicsLetters,EconomicTheory,Review ofFi- nance, FinancialManagement, JournalofCorporate Finance GrantReviewer,NationalScienceFoundation,SocialSciencesandHumanitiesResearchCouncil of Canada,ResearchGrantsCouncil ofHongKong,UniversityofIllinoisResearchBoard

InvitedSeminarsand Conference Presentations CorporateHiringunderCOVID-19 • JournalofFinanceConference onCovid-19,O CC,Edinburg—ShanghaihFintechConference DoRealEstateValuesBoostCorporateBorrowing?Evidence fromContract-LevelData • LUBRAFINMeetings,IndianaUniversity PersonalTaxesandLaborDownskilling:Evidence from 27MillionJobPostings • UniversityofAmsterdam,UniversityofBritishColumbia,University ofNorthCarolina,University of Naples,MannheimUniversity,University ofCentralFlorida,GeorgeMasonUniversity GlobalE ffectsof theBrexitReferendum:Evidence fromUSCorporations • LUBRAFINMeetings,CambridgeUniversity,UniversityofWarwick,PennsylvaniaStateUniversity, University ofKentucky,UniversityofManchester,GeorgeWashingtonUniversity, SyracuseUniversity, CentralBankofPortugal,KULeuven,NationalBankofBelgium,UniversityofLima,Washington University-St.Louis,University ofGeorgia,Hoover Institution Access toCollateralandTheDemocratizationofCredit:France’sReform ofTheNapoleonic • Security Code LUBRAFINMeetings,UniversityofIllinois,AmericanUniversity,MitsuiConference,Northwestern University BankruptcyandThe Cost of OrganizedLabor:EvidencefromUnion Elections • University ofQueensland,UniversityofManchester,FederalReserveBankof SanFrancisco,LUBRAFIN Meetings,UniversityofArizona,JohnsHopkinsUniversity,Nova de LisboaUniversity,Universityof Amsterdam,COPPEAD,UniversityofFlorida,ColumbiaUniversity,AFAMeetings Whistleblowers on theBoard?TheRole of IndependentDirectorsinCartelProsecutions • WFAMeetings,FMANapaValleyConference EnlargingtheContractingSpace:CollateralMenus,Access toCredit,andEconomicActivity •

5 University ofNewSouthWales,University ofQueensland,ChineseUniversity ofHongKong,McMaster University,UniversityofHouston,GeorgetownUniversity,LUBRAFINMeetings CustomerConcentrationandLoanContractTerms • UniversityofNotreDame,HEC—McGillUniversity,NovadeLisboaUniversity,TulaneUniversity Is theStockMarketJustaSideShow?Evidence fromaStructuralReform • London Business School,UniversityofAmsterdam,Central Bank ofPortugal,EuropeanCentral Bank, UniversityofWisconsin,EmoryUniversity,LondonSchoolofEconomics,University ofPittsburgh, Luxembourg School ofFinance,GeorgeWashingtonUniversity,YaleUniversity,University ofSouth- ernCalifornia,PurdueUniversity,ChineseUniver sity ofHongKong,UniversityofNew SouthWales, CaseWesternReserveUniversity,UniversityofNorthCarolina,CityUniversityofLondon,University of Cambridge,IESE,Texas ChristianUniversity,FordhamUniversity, BinghamtonUniversity,Boston College,ColumbiaUniversity CapitalStructureandtheRedeployabilityofTangibleAssets • TulaneUniversity,LUBRAFINMeetings,FMAEuropeanMeetings CorporateDebtMaturityand theRealE ffectsofthe 2007CreditCrisis • DartmouthCollege,UniversityofBritishColumbia,HEC-Paris,ESMT-Berlin,AFAMeetings,Univer- sity ofVirginia-Darden,RiceUniversity,WorldBank,UniversityofAlberta,LUBRAFINMeetings, TempleUniversity,“RisingStars”Conference,GoetheUniversity-Frankfurt,FIRSMeetings,LUISS- Rome,IMF,GeorgiaTech,GeorgetownUniversity,DePaulUniversity,CornellUniversity,UCLA,Uni- versityofMichigan,HarvardBusiness School/Economics Department TheRealE ffects ofFinancialConstraints:E videncefroma FinancialCrisis • SBFinMeetings,Chicago-LondonConference onFinancialMarkets,AFAMeetings,AEAMeetings LiquidityManagementandFirm Investment inaFinancialCrisis • Yale/RFSFinancialCrisisConference,UniversityofAmsterdam TheFirm-LevelCreditMultiplier • BostonCollege,UniversityofIowa,University ofMissouri,DrexelUniversity,UniversityofIllinois- Chicago,University ofAmsterdam,EramusUniversity,StockholmSchoolofEconomics, ISCTE/Nova deLisboa,UniversityofSouthFlorida,FIRSMeetings,LingnanUniversity-HongKong,INSEAD Do StockPricesIn fluenceCorporateDecisions?Evidence from theTechnologyBubble • MIT,YaleUniversity,Queen’sUniversity,INSEAD,WFAMeetings,SBFinMeetings,Michigan State University,UniversityofToronto,WashingtonUniversity-St.Louis,OhioStateUniversity,Universityof Georgia,VanderbiltUniversity,UniversityofMiami,UniversityofAmsterdam,UniversityofMannheim, UniversityofTexas-Austin CorporateFinancial andInvestmentPolicieswhenFutureFinancing isnotFrictionless • WFAMeetings

6 AssetTangibilityandCorporatePerformanceunderExternalFinancing • UniversityofArizona,University ofNotreDame,BaruchCollege,SouthernMethodistUniversity,Uni- versityofDelaware IsCashNegativeDebt?AHedgingPerspective onCorporateFinancialPolicies • NBER CorporateFinanceMeetings FinancialConstraints,AssetTangibility,andCorporate Investment • YaleUniversity,ColumbiaUniversity, IndianaUniversity,University ofKentucky,AFAMeetings ProductMarketPerformance,SwitchingCosts,andLiquidationValues:TheRealE ffects of • FinancialLeverage UniversityofMichigan,OhioStateUniversity,TulaneUniversity,WashingtonUniversity-St.Louis, AFAMeetings Firm BalanceSheetsandMonetaryPolicyTransmission • Universityof Illinois,FGV-Rio,NBERMonetaryEconomicsMeetings,AEAMeetings TheCashFlowSensitivity ofCash • Universityof Illinois,NBERCorporateFinanceMeetings,AFAMeetings FinancialConstraints andInvestment—Cash FlowSensitivities:NewResearchDirections • WFAMeetings InternalCapitalMarkets inFinancialConglomerates:EvidencefromSmallBankResponsesto • MonetaryPolicy UniversityofArizona,CollegeofWilliamandMary,ArizonaStateUniversity,UniversityofMaryland, MIT CapitalStructureandProductMarkets Interactions:EvidencefromBusinessCycles • Universityof Illinois,PerdueUniversity,SUNY-StonyBrook,ArizonaStateUniversity,FederalReserve Bank ofCleveland,CaseWesternReserveUniversity,PennsylvaniaStateUniversity,CollegeofWilliam andMary,WFAMeetings,Michigan StateUniversity,University ofUtah

KeynoteAddressesandPublic Lectures KeynoteAddress at Banque deFrance’s “Firms’Financing andDefaultRiskDuring andAfterthe • FinancialCrisis,”Paris,2012 KeynoteAddress atUniversity ofNewSouthWales’“TheThirdInternationalConferenceon • InternationalProsperity,”Sydney, 2014 KeynoteAddress atUniversityofNewSouthWales’“TheFourth InternationalConferenceon • InternationalProsperity,”Sydney, 2015 KeynoteAddress at Ipag’s“ParisFinancia lManagementConference,”Paris,2015 • KeynoteAddress at theNorwegianFinanceNetwork(NFN),Bergen,2016 •

7 KeynoteAddress attheAnnualInternational Conference onMacroeconomicAnalysisand Finance, • Crete,2018 KeynoteAddress at theBelgianFinanceClubColloquium,Brussels,2018 • KeynoteAddress at SBFin, RiodeJaneiro,2016, 2019 • KeynoteAddress at theEdinburgh—S hanghaiFintech Conference,2020 • KeynoteAddress atMoFiR, Lisbon,2021 • CoordinatoroftheFinancialManagementAssoci ation’sDoctoralConsortium,Chicago, 2013 • Coordinatorofthe FinancialManagementAssociation’sAssistantProfessorLunch,SanDiego, • 2018 MagnaCommencementClass:FGV—SaoPaulo (2019) • DoctoralLectures:FMA (2009),SBFin-Brazil(20 10,2014),FIRN-Australia(2013),NFN-Norway • (2016),UCLouvain-Belgium(2017, 2018),Universi ty ofManchester (2015—20 19),University ofNaples (2019),UniversityofRochester(2020)

Select ConferencePrograms Member,AFA Nominating Committee, 2008 Member,Program Committee,AFAMeetings, 2008,2011, 2012 Member,ProgramCommittee, WFAMeetings, 2006—2019 Member,ProgramCommittee,FIRSConference, 2009—2019 Member,BestPaperAwardCommittee(CorporateFinance),FMAMeetings,2009—2011 SessionChair,AFAMeetings, 2008,2011,2013 SessionChair,WFAMeetings,2008, 2016 SessionChair,AEAMeetings,2010 SessionChair,EFAMeetings, 2014 SessionChair, FIRSMeetings,2009, 2019

ServicetoUniversities Departments: • Chair,DoctoralProgram, JohnsonSchool, CornellUniversity, 2013—2020 Chair,RecruitingCommittee, JohnsonSchool,CornellUniversity,2016 Member,RecruitingCommittee,JohnsonSchool,CornellUniversity,2015 Co-Organizer,Finance SeminarSeries,JohnsonSchool,CornellUniversity,2015—2016 Co-Chair,RecruitingCommittee,University of Illinois, 2006—2010 Co-Organizer,Finance SeminarSeries,University of Illinois, 2003—2006 Member,ExecutiveCommittee,University of Illinois,2007—2008, 2010—2011 Member,RecruitingCommittee,Un iversity of Illinois, 2003—2011 Member,DoctoralProgramCommittee, University of Illinois,2003—2011 Member,UndergraduateProgramCommittee, Michigan StateUniversity, 2001—2002

8 Member,ResearchandUndergraduateProgramCommittees,ArizonaStateUniversity,2000 Colleges: • Member,College ofBusinessFacultyAdvisoryCommittee,CornellUniversity,2020—2023 Chair, LatinAmerica StrategyCommittee, Jo hnsonSchool,CornellUniversity, 2012—2013 Chair,Cornell-QueensEMBA JointAcademicCommittee,2014 Member,MBACurriculumReviewCommittee,Joh nsonSchool,CornellUniversity,2011—2012 Member,GraduateFieldofEconomicsFaculty,College ofArts andScience,CornellUniversity Member,College ofBusinessExecutiveCommittee, Universityof Illinois ,2009—2010, 2010—2011 Member,College ofBusinessStrategicPlanningWorkingGroup,UniversityofIllinois, 2006 Faculty,Center forInt’lBusinessEducationandResearch,Universityof Illinois,2003—2011 Member,AdvisoryCommittee,Lemann Institu te,UniversityofIllinois, 2009—2011

Doctoral Students FarzadMashayekhi(IllinoisEconomics,2005); initialplacement,Moody’sKMV JoongHoHan (IllinoisFinance,2005); initialplacement,KoreanDevelopment Institute WoojinKim(IllinoisFinance,2006);initialplacement,KoreanDevelopmentInstitute BrandonJulio (IllinoisFinance,2007); initialplacement,LondonBusinessSchool BrunoLaranjeira(IllinoisFinance,2011);initial placement,McKinsey&Co RyoonheeKim(IllinoisFinance,2011);initial placement, CityUniversity ofHong Kong RafaelMatta(IllinoisEconomics, 2012); initialplacement,UniversityofAmsterdam RafaelRibas(IllinoisEconomics, 2014); initialplacement,UniversityofAmsterdam LeiYe(CornellEconomics,2015);initial placement, InternationalMonetaryFund JanetGao(Cornell Finance, 2015);initialplacement,IndianaUniversity EkaterinaVolkova(CornellFinance,2017); initialplacement,UniversityofMelbourne Fabriciod’Almeida(IllinoisEconomics, 2017); initialplacement,PurdueUniversity DawoonKim(CornellFinance,2018); initialplacement,NUS GustavoCortes(IllinoisEconomics,2019);initial placement,University ofFlorida GauravKankanhalli(CornellFinance,2020); initialplacement,UniversityofPittsburg PradeepMuthukrishnan(CornellFinance,2021);inresidence PietroBini(CornellFinance,2021); in residence

Non-AcademicImpact Media: Wall Street Journal, FinancialTimes,TheNewYorkTimes,BusinessWeek,Reuters , • Bloomberg,ABCNews,Forbes,LATimes,CNNMoney,CBSMoneyWatch,MSNMoney , Yahoo!Fi- nance,MarketWatch , DowJones BankingIntelligence,USAToday,CBS Chicago,CBSSanFrancisco, HuffintonPost,SanFranciscoChronicle,KCBQ-AM,WRAL-TV,KOLO-TV,WBAL1090,CBS8, K93,CNBC,Salon,Dow JonesBankruptcy&Debt,Voice ofAmerica, ChicagoSun-Times,ChicagoTri- bune,Miami Herald,The SeattleTimes,SaintLouisGlobe-Democrat , ThePhiladelphiaInquirer,Post

9 Chronicle-NewJersey , Portland PressHerald,NBCRadio-San Jose,KCSN-Northridge,News-Gazzete, MarketsMedia,ThisMorningRadio(SouthKorea),GazetaMercantil(Brazil),LesEchos(France), DailyMail(U.K.),Herald Sun(Australia),TorontoMetro(Canada) Policy:Work citedinpolicyspeechesbyBenBernanke(ChairmanoftheFedBoard ofGovernors), • KevinMarsh(ChairmanoftheNewYorkFed),Jean-ClaudeTrichet(Presidentof theECB), expert testimoniesatU.S.HouseCommitteeonFinancialServices, andtheEconomicReport ofThePresident Legal: Amicusbrief on“ financialconstraints”for theU.S.SupremeCourt(GE v. EPA), Amicus • brief on“ financialdistress” fortheEuropeanEconomicCommission

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