Papers

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Valuing Data as an Asset

Laura Veldkamp   Jul 10,2023

Working Paper No.00102-00

In the twenty-first century, the most valuable firms in the world are valued primarily for their data. This makes data... Read More

What type of transparency in OTC markets?

Maren Vairo, Piotr Dworczak   Aug 11,2023

Working Paper No.00125-00

Financial over-the-counter markets have been traditionally very opaque. Recent regulation promotes transparency in some of these markets by lowering search... Read More

Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium

Alberto Martin,Alejandro Van der Gothe,Luc Laeven, Victoria Vanasco , Vladimir Asriyan   Nov 15,2023

Working Paper No.00107-01

We show that in a canonical model with heterogeneous entrepreneurs, financial frictions, and an imperfectly elastic supply of capital, a... Read More

The Limits of Multi-Dealer Platforms

Chaojun Wang   Nov 14,2022

Working Paper No.00084-00

On many important multi-dealer platforms, customers mostly request quotes from very few dealers. I build a model of multi-dealer platforms... Read More