Papers

Search icon
icon filters
icon filters
icon filters
preloader results

Uploaded: May 12, 2025

Daniel Andrei, Lorenzo Garlappi | Working Paper No. 00152-00

The Quiet Hand of Regulation: Harnessing Uncertainty and Disagreement

Regulating externalities is a major challenge when economic agents face uncertainty and disagreement. Traditional Pigouvian and Coasean approaches...

Uploaded: Apr 9, 2025

Patrick Blonien, Alexander Ober | Working Paper No. 00142-01

Is 24/7 Trading Better?

In a dynamic model of large traders who manage inventory risk, we show that a daily market closure...

Uploaded: Apr 30, 2025

Semih Uslu, Gabor Pinter,Jean-Charles Wijnandts | Working Paper No. 00150-00

Comparing Search and Intermediation Frictions Across Fixed-Income Markets

We develop a two-asset search-and-bargaining model of OTC trading to estimate frictions and welfare losses in the UK...

Uploaded: May 1, 2025

Jordan Martel | Working Paper No. 00151-00

A Theory of Corporate Communication

How should we expect firms to communicate with their shareholders in the presence of uncertainty? This paper studies...

Uploaded: Jun 5, 2025

Toni Ahnert, Christoph Bertsch, Agnese Leonello, Robert Marquez | Working Paper No. 00159-00

Bank fragility and risk management

Shocks to a bank’s ability to raise liquidity at short notice can trigger depositor panics. Why don’t banks...

Uploaded: Jun 11, 2025

Martin Oehmke, Marcus Opp | Working Paper No. 00162-00

Green Capital Requirements

We study bank capital requirements as a tool to address climate-related financial risks and evaluate whether a prudential...