At the end of this term, Atabek Atayev, Sabysachi Das, Edona Reshidi, and Leopold-Zessner Spitzenberg defended their dissertations. Atabek will join the Centre for European Economic Research in Mannheim Germany, Sabyasachi works at Sberbank Europa, Edona will join the Bank of Canada, and Leopold will move to Berlin, Germany, to work at Humboldt University. Congratulations to all four of them and we wish them all the best for their careers. We also thank our external reviewers, Philippe Bacchetta, Heski Bar-Isaac, Ulrich Berger, Stefan Bühler, Fabrice Collard for serving on the exam committees.