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), 1055-1095Jerome Dugast, Pierre-Olivier Weill , Semih Uslu Sep 29,2021
Working Paper No.00052-02
Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we study a... Read More
Published: Review of Economic Studies, 2022, 89(6), 3223-3266Jerome Dugast, Pierre-Olivier Weill , Semih Uslu Sep 29,2021
Working Paper No.00052-02
Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we study a... Read More
Published: Review of Economic Studies, 2022, 89(6), 3223-3266Efstathios Avdis Oct 08,2020
Working Paper No.00051-02
Long-held intuition dictates that information-based trade is impossible without exogenous noise. Risk seekers can resolve this conundrum. Even though such... Read More
Efstathios Avdis Oct 08,2020
Working Paper No.00051-02
Long-held intuition dictates that information-based trade is impossible without exogenous noise. Risk seekers can resolve this conundrum. Even though such... Read More
Thierry Foucault,Peter Hoffmann, Jean-Edouard Colliard Oct 08,2020
Working Paper No.00063-00
We propose a new model of trading in OTC markets. Dealers accumulate inventories by trading with end-investors and trade among... Read More
Thierry Foucault,Peter Hoffmann, Jean-Edouard Colliard Oct 08,2020
Working Paper No.00063-00
We propose a new model of trading in OTC markets. Dealers accumulate inventories by trading with end-investors and trade among... Read More
Gabrielle Demange, Jean-Edouard Colliard Oct 08,2020
Working Paper No.00064-00
In over-the-counter markets for assets such as bonds or securitizations, large volumes can be split into smaller pieces and gradually... Read More
Stefan Nagel,Zhaogang Song, Zhiguo He Nov 07,2020
Working Paper No.00067-00
In sharp contrast to most previous crisis episodes, the Treasury market experienced severe stress and illiquidity during the COVID-19 crisis,... Read More
Stefan Nagel,Zhaogang Song, Zhiguo He Nov 07,2020
Working Paper No.00067-00
In sharp contrast to most previous crisis episodes, the Treasury market experienced severe stress and illiquidity during the COVID-19 crisis,... Read More