Linda Schilling Aug 03,2023
Working Paper No.00122-00
I present a political-economic theory to explain bailouts for failing firms in the presence of non-voters (foreigners). The governing... Read More
Linda Schilling Aug 03,2023
Working Paper No.00123-00
Policy makers have developed different forms of policy intervention for stopping, or preventing runs on financial firms. This paper... Read More
Michael Woeppel, Jordan Martel Aug 03,2023
Working Paper No.00124-00
We present a model of secured lending in which borrowers and lenders agree to disagree about collateral values. Lenders' beliefs... Read More
Maren Vairo, Piotr Dworczak Aug 11,2023
Working Paper No.00125-00
Financial over-the-counter markets have been traditionally very opaque. Recent regulation promotes transparency in some of these markets by lowering search... Read More
Christian Heyerdahl-Larsen,Howard Kung, Philipp Illeditsch Aug 20,2023
Working Paper No.00126-00
We study a macro-finance model with entrepreneurs who have diverse views about the likelihood that their ideas will lead to... Read More
Thomas Philippon, Cecilia Parlatore Sep 25,2023
Working Paper No.00074-01
We study the optimal design of stress scenarios. A principal manages the unknown risk exposures of agents by asking them to... Read More
Alejandro Rivera Sep 27,2023
Working Paper No.00128-00
This paper develops a methodology to solve dynamic principal-agent problems in which the agent features present-biased time preferences and naive... Read More
Garud Iyengar,Jay Sethuraman,Wenjun Wang, Fahad Saleh Oct 17,2023
Working Paper No.00079-01
We examine a supply chain with a single risk-averse manufacturer who purchases from suppliers and sells to consumers. Within this... Read More
Alberto Martin,Sergio Mayordomo, Victoria Vanasco Nov 14,2023
Working Paper No.00108-01
Governments often support private credit through guarantee schemes, which compen-sate private lenders in the event of borrower default. A key... Read More
Alberto Martin,Alejandro Van der Gothe,Luc Laeven, Victoria Vanasco , Vladimir Asriyan Nov 15,2023
Working Paper No.00107-01
We show that in a canonical model with heterogeneous entrepreneurs, financial frictions, and an imperfectly elastic supply of capital, a... Read More