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

Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium

Alberto Martin,Alejandro Van der Gothe,Luc Laeven, Vladimir Asriyan , Victoria Vanasco   Jul 13,2023

Working Paper No.00107-00

We show that in a canonical model with heterogeneous entrepreneurs, financial fric-tions, and an imperfectly elastic supply of capital, a... 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

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