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Treasury Inconvenience Yields during the COVID-19 Crisis

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

Treasury Inconvenience Yields during the COVID-19 Crisis

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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Open Banking: Credit Market Competition When Borrowers Own the Data

Jing 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

Leverage Dynamics without Commitment

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

Leverage Dynamics without Commitment

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