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Peter Maxted (Berkeley)
Credit Card Borrowing in Heterogeneous-Agent Models: Reconciling Theory and Data
The Unanchored Central Banker
Book launch of Charles Goodhart and Manoj Pradhan’s new book The Unanchored...
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Latest Publications
Margins as Canaries in the Coal Mine
Central clearing counterparties (CCPs) manage counterparty risk by requiring clearing members to post margins. This paper explores the role of margins...
How Reform Happens
What determines whether and how regulations are reformed? We use a newly constructed data set of 3,590 successful and failed regulatory reforms in 189...
Shareholder Empowerment and Ownership Structure in a Free-Contracting Environment
We study how firms choose to allocate control over strategic corporate decisions between shareholders and management in a historical setting where...
Price discovery with a richer market microstructure noise
We show that the standard econometric framework typically yields inconsistent estimates of price discovery measures in the presence of richer market...
