Administrative contact: Molly Walsh M.Walsh6@lse.ac.uk
Asset Pricing with Frictions
Information and Learning
Delegated Portfolio Management
Journal of Finance, 2021, in press
Endogenous cycles are generated by the two-way interaction between lenders’ behavior in the credit market and production fundamentals. When lenders...
We propose a new measure of private information in decentralised markets – connections – defined as the number of dealers with whom a client trades in...
Why do countries differ in terms of their exposure to fluctuations in the global supply of credit? We argue that frictions in global intermediation...
We propose a model of trade in over-the-counter (OTC) markets in which each dealer with private information can engage in bilateral transactions with...
