Administrative contact: Molly Walsh M.Walsh6@lse.ac.uk
Asset Pricing with Frictions
Information and Learning
Delegated Portfolio Management
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...
We analyze the implications of increases in the selection of, and information about, derivative financial products in a model in which investors...
We study how competition among investors affects the efficiency of capital allocation, the speed of capital, and welfare. In our model, investors...
