Guner Velioglu, Semih Uslu Feb 06,2024
Working Paper No.00138-00
We develop a dynamic model of a multi-asset over-the-counter (OTC) market that operates via search and bargaining and empirically test... Read More
Peter DeMarzo , Zhiguo He Nov 24,2020
Working Paper No.00069-00
We characterize equilibrium leverage dynamics in a tradeoff model when the firm can continuously adjust leverage and cannot commit to... Read More
Itay Goldstein , Liyan Yang Jul 06,2018
Working Paper No.00035-00
We study how commodity financialization affects information transmission and aggre- gation in a commodity futures market. The trading of... Read More