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Latest Publications
Clients' Connections Measuring the Role of Private Information in Decentralized Markets
Journal of Finance, 2021, in press
Blockchain Analysis of the Bitcoin Market
In this paper, we provide detailed analyses of the Bitcoin network and its main participants. We build a novel database using a large number of public...
DP 844
Comomentum: Inferring Arbitrage Activity from Return Correlations
The Review of Financial Studies, 2021, in press
Cleansing by Tight Credit: Rational Cycles and Endogenous Lending Standards
Endogenous cycles are generated by the two-way interaction between lenders’ behavior in the credit market and production fundamentals. When lenders...
DP 843
