1.
We provide experimental evidence on coordination within large groups that could proxy the atomistic nature of real-world markets. We use a bank-run game where the two pur[...]
2023 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
2.
Using data on Canadian bond futures, we examine how high-frequency traders (HFTs) interact with institutions building large positions. In contrast to recent findings, we [...]
2020 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
3.
We conduct experiments with human subjects in a model with a positive production externality in which productivity is a nondecreasing function of the average level of emp[...]
2020 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
4.
We model how securities dealers respond to regulations on leverage, position, and liquidity such as those imposed by the Basel III framework. The dealers respond by endog[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
5.
Can securities be settled on a blockchain, and, if so, what are the gains relative to existing settlement systems? The main benefit of a blockchain is faster and more fle[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
6.
For central banks who study the use of cash, acceptance of card payments is an important factor. Surveys to measure levels of card acceptance and the costs of payments ca[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
7.
I use a unique institutional feature of money market funds to identify whether funds hold additional liquidity to guard against and prevent potential investor runs. Speci[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
8.
This paper studies the efficiency of financial intermediation through securitization in a model with heterogeneous lending opportunities and asymmetric information about [...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
9.
Capturing financial network linkages and contagion in stress test models are important goals for banking supervisors and central banks responsible for micro- and macropru[...]
2018 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
10.
Recent reform proposals call for an elimination of the constant net asset value (NAV) or "buck" in money market mutual funds to reduce the occurrence of runs. Outside the[...]
2016 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |