Yan Xiong , Uday Rajan Jan 26,2025
Working Paper No.00148-00
We study a credit market in which lending decisions depend on a borrower's digital profile, and the borrower can manipulate... Read More
Denis Gromb (in memoriam) Jean-Edouard Colliard Mar 22,2024
Working Paper No.00065-01
How do resolution frameworks affect the private restructuring of distressed banks? We model a bank’s shareholders and creditors negotiating a... Read More
Satoshi Fukuda, Daniel Neuhann William Fuchs Nov 22,2024
Working Paper No.00145-00
We study the joint design of two prominent micro-prudential policy tools: bank regulation that enforces operational standards via rules,... Read More
Linda Schilling Aug 03,2023
Working Paper No.00123-00
Policy makers have developed different forms of policy intervention for stopping, or preventing runs on financial firms. This paper... Read More
Thomas Philippon, Cecilia Parlatore Sep 25,2023
Working Paper No.00074-01
We study the optimal design of stress scenarios. A principal manages the unknown risk exposures of agents by asking them to... Read More
Batchimeg Sambalaibat Jul 07,2021
Working Paper No.00072-00
I build a search model of bond and credit default swap (CDS) markets with endogenous investor participation and show that... Read More
Basil Williams Yaron Leitner Nov 17,2021
Working Paper No.00061-01
Should regulators reveal the models they use to stress test banks? In our setting, revealing leads to gaming, but secrecy... Read More
Published: Journal of Finance, 2023, 78(2), 1055-1095Jing Huang,Jidong Zhou, Zhiguo He Nov 24,2020
Working Paper No.00068-00
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between... Read More
Bilge Yilmaz,Bilge Yilmaz, Yaron Leitner Nov 21,2017
Working Paper No.00016-00
We study a situation in which a regulator relies on risk models that banks produce in order to regulate them.... Read More
Published: Journal of Financial Economics, 2019, 131(2), 251-268