Joshua Mollner , Markus Baldauf Apr 26,2023
Working Paper No.00096-00
When seeking to trade in over-the-counter markets, institutional investors typically contact only a small number of potential counterparties and limit... Read More
christoph frei, Joshua Mollner , Markus Baldauf Apr 26,2023
Working Paper No.00095-00
We study the optimal execution problem in a principal-agent setting. A client (e.g., a pension fund, endowment, or other institution)... Read More
Simon Mayer , Lin William Cong (叢林) Nov 28,2022
Working Paper No.00089-00
We model the dynamic competition among national fiat currencies, cryptocurrencies, and Central Bank Digital Currencies (CBDCs), whereby countries strategically digitize... Read More