Discussants Christoph Bertsch Sveriges Riksbank Dion Bongaerts Erasmus University Michal Dzielinski Assistant Professor, visiting from Stockholm University Sean Foley University of Sydney Mariassunta Giannetti Researcher, Swedish House of Finance Katarina Martinson Professor of Finance, Department of Finance, 91ÌÒÉ«ÊÓÆµ Jungsuk Han Associate Professor, Department of Finance, 91ÌÒÉ«ÊÓÆµ Andrei Kirilenko Imperial College