Zhiguo He

University of Chicago - Finance

Professor

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

http://www.zhiguohe.com

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 2,076

SSRN RANKINGS

Top 2,076

in Total Papers Downloads

18,684

SSRN CITATIONS
Rank 355

SSRN RANKINGS

Top 355

in Total Papers Citations

1,593

CROSSREF CITATIONS

852

Scholarly Papers (40)

1.
Downloads 6,772 ( 1,137)
Citation 91

Blockchain Disruption and Smart Contracts

Number of pages: 48 Posted: 14 Jun 2017 Last Revised: 10 Apr 2020
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 6,717 (1,142)
Citation 59

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Anti-trust, Cryptocurrency, Competition, Decentralization, Distributed Ledger, FinTech, Incomplete Contracts, Collusion, Information, Repeated Games.

Blockchain Disruption and Smart Contracts

NBER Working Paper No. w24399
Number of pages: 52 Posted: 12 Mar 2018 Last Revised: 03 Mar 2021
Lin William Cong and Zhiguo He
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Finance
Downloads 55 (443,194)
Citation 27

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2.
Downloads 1,266 ( 18,704)
Citation 54

A Macroeconomic Framework for Quantifying Systemic Risk

Fama-Miller Working Paper, Swiss Finance Institute Research Paper No. 13-42, Chicago Booth Research Paper No. 12-37
Number of pages: 52 Posted: 21 Aug 2012 Last Revised: 17 Apr 2015
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 1,232 (19,136)
Citation 14

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Liquidity, Delegation, Financial Intermediation, Crises, Financial Friction, Constraints

A Macroeconomic Framework for Quantifying Systemic Risk

NBER Working Paper No. w19885
Number of pages: 47 Posted: 11 Feb 2014 Last Revised: 12 Feb 2021
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 34 (538,667)
Citation 25

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A Macroeconomic Framework for Quantifying Systemic Risk

National Bank of Belgium Working Paper No. 233
Posted: 13 Oct 2012
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management

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Liquidity, Delegation, Financial Intermediation, Crises, Financial Friction, Constraints

A Theory of Debt Maturity: The Long and Short of Debt Overhang

AFA 2011 Denver Meetings Paper, Chicago Booth Research Paper No. 12-31, Fama-Miller Working Paper
Number of pages: 48 Posted: 22 Jan 2010 Last Revised: 22 Aug 2012
Douglas W. Diamond and Zhiguo He
University of Chicago - Booth School of Business and University of Chicago - Finance
Downloads 1,206 (19,786)
Citation 39

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Wealth transfer, short-term debt crisis, underinvestment, endogenous default

A Theory of Debt Maturity: The Long and Short of Debt Overhang

NBER Working Paper No. w18160
Number of pages: 48 Posted: 16 Jun 2012 Last Revised: 14 Feb 2021
Douglas W. Diamond and Zhiguo He
University of Chicago - Booth School of Business and University of Chicago - Finance
Downloads 56 (439,388)
Citation 3

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4.
Downloads 1,096 ( 23,197)
Citation 34

Decentralized Mining in Centralized Pools

George Mason University School of Business Research Paper No. 18-9
Number of pages: 54 Posted: 22 Mar 2018 Last Revised: 10 Dec 2019
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 1,088 (23,048)
Citation 17

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Arms Race, Bitcoin, Blockchain, Energy Consumption, Industrial Organization, Mining Pools, PoW, Risk-Sharing

Decentralized Mining in Centralized Pools

NBER Working Paper No. w25592
Number of pages: 55 Posted: 26 Feb 2019 Last Revised: 05 Mar 2021
Lin William Cong, Zhiguo He and Jiasun Li
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Chicago - Finance and George Mason University - Department of Finance
Downloads 8 (723,697)
Citation 23

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5.

A Model of Dynamic Compensation and Capital Structure

AFA 2009 San Francisco Meetings Paper, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 40 Posted: 18 Mar 2008 Last Revised: 15 Jul 2010
Zhiguo He
University of Chicago - Finance
Downloads 832 (34,398)
Citation 16

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Continuous-time Contracting, Capital Structure, CARA (Exponential) Preference, Firm Growth, Size-Heterogeneity, Pay-Performance Sensitivity.

The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 78 Posted: 22 Feb 2017 Last Revised: 27 Aug 2019
Zhuo Chen, Zhiguo He and Chun Liu
Tsinghua University - PBC School of Finance, University of Chicago - Finance and Tsinghua University - School of Economics and Management
Downloads 590 (53,881)
Citation 14

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Local Government Financing Vehicles, Municipal Corporate Bonds, Shadow Banking in China, Railroad Finance, Trust Companies

The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-29, PBCSF-NIFR Research Paper
Number of pages: 78 Posted: 04 Mar 2019 Last Revised: 14 Jan 2021
Zhuo Chen, Zhiguo He and Chun Liu
Tsinghua University - PBC School of Finance, University of Chicago - Finance and Tsinghua University - School of Economics and Management
Downloads 159 (220,773)
Citation 28

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Keywords: Local Government Financing Vehicles, Municipal Corporate Bonds, Political Cycle, Shadow Banking in China, Railroad Finance, Trust Companies

The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes

NBER Working Paper No. w23598
Number of pages: 66 Posted: 25 Jul 2017 Last Revised: 12 Feb 2021
Zhuo Chen, Zhiguo He and Chun Liu
Tsinghua University - PBC School of Finance, University of Chicago - Finance and Tsinghua University - School of Economics and Management
Downloads 22 (615,271)
Citation 6

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7.
Downloads 702 ( 43,344)
Citation 4

Leverage-Induced Fire Sales and Stock Market Crashes

Number of pages: 67 Posted: 04 Oct 2017
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 609 (51,673)
Citation 2

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Fire Sales, Leverage, Financial Crisis, Margin Trading, Shadow Financing

Leverage-Induced Fire Sales and Stock Market Crashes

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-28, Yale ICF Working Paper No. 2019-07
Number of pages: 72 Posted: 04 Mar 2019
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 74 (379,136)
Citation 1

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Leverage-Induced Fire Sales and Stock Market Crashes

NBER Working Paper No. w25040
Number of pages: 72 Posted: 17 Sep 2018
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 19 (637,264)
Citation 1

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Uncertainty, Risk, and Incentives: Theory and Evidence

Sixth Singapore International Conference on Finance 2012 Paper
Number of pages: 38 Posted: 07 Nov 2010 Last Revised: 24 Feb 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
University of Chicago - Finance, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 339 (105,141)

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executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

Uncertainty, Risk, and Incentives: Theory and Evidence

Number of pages: 38 Posted: 17 Mar 2012 Last Revised: 24 Feb 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
University of Chicago - Finance, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 116 (283,339)

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executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

Uncertainty, Risk, and Incentives: Theory and Evidence

FEDS Working Paper No. 2013-18
Number of pages: 39 Posted: 09 Apr 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
University of Chicago - Finance, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 80 (362,211)
Citation 3

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Executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

9.
Downloads 477 ( 71,087)
Citation 72

Rollover Risk and Credit Risk

Journal of Finance, Forthcoming
Number of pages: 48 Posted: 17 Sep 2009 Last Revised: 09 Jun 2011
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 410 (84,395)
Citation 73

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Short-term Debt Crisis, Endogenous Default, Flight to Quality, Liquidity Spillover, Debt Maturity Structure

Rollover Risk and Credit Risk

NBER Working Paper No. w15653
Number of pages: 50 Posted: 18 Jan 2010 Last Revised: 10 Apr 2021
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 67 (400,804)

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Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-82, PBCSF-NIFR Research Paper
Number of pages: 72 Posted: 04 Dec 2018 Last Revised: 29 Oct 2020
Massachusetts Institute of Technology, Tsinghua University - PBC School of Finance, University of Chicago - Finance, University of International Business and Economics (UIBE) - School of Banking and Finance and CITIC Securities
Downloads 410 (84,395)
Citation 6

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Pledgeability, haircut, repo, interbank and exchange markets, enterprise bonds, shadow cost of capital

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

NBER Working Paper No. w26520
Number of pages: 70 Posted: 03 Dec 2019
Massachusetts Institute of Technology, Tsinghua University - PBC School of Finance, University of Chicago - Finance, University of International Business and Economics (UIBE) - School of Banking and Finance and CITIC Securities
Downloads 3 (766,151)
Citation 1
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11.
Downloads 381 ( 92,695)
Citation 107

A Model of Capital and Crises

AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 15 Mar 2009 Last Revised: 19 Sep 2010
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 299 (120,591)
Citation 124

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Liquidity, Hedge Funds, Delegation, Financial Institutions

A Model of Capital and Crises

NBER Working Paper No. w14366
Number of pages: 52 Posted: 02 Oct 2008 Last Revised: 04 Apr 2021
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 82 (356,833)

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12.
Downloads 333 (107,975)
Citation 17

Optimal Long-Term Contracting with Learning

Chicago Booth Research Paper No. 12-36, Fama-Miller Working Paper
Number of pages: 58 Posted: 25 Jan 2012 Last Revised: 09 Oct 2016
Zhiguo He, Bin Wei, Jianfeng Yu and Feng Gao
University of Chicago - Finance, Federal Reserve Bank of Atlanta, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 275 (131,764)
Citation 7

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Executive Compensation, Moral Hazard, Bayesian Learning, Hidden Information, Belief Manipulation, Private Savings, Continuous Time, Stock Options

Optimal Long-Term Contracting with Learning

FRB Atlanta Working Paper No. 2016-10
Number of pages: 58 Posted: 10 Nov 2016 Last Revised: 30 Aug 2017
Zhiguo He, Bin Wei, Jianfeng Yu and Feng Gao
University of Chicago - Finance, Federal Reserve Bank of Atlanta, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 58 (431,941)
Citation 7

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executive compensation, moral hazard, Bayesian learning, hidden information, belief manipulation, private savings, continuous time, stock options

13.
Downloads 327 (110,184)
Citation 61

Dynamic Debt Runs

AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 13 Mar 2009 Last Revised: 11 Nov 2010
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 288 (125,424)
Citation 67

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Rollover Risk, Debt Crisis, Dynamic Coordination

Dynamic Debt Runs

NBER Working Paper No. w15482
Number of pages: 54 Posted: 09 Nov 2009 Last Revised: 13 Nov 2009
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 39 (512,735)

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14.
Downloads 308 (117,500)
Citation 24
Downloads 259 (140,283)
Citation 23

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Balance Sheet Adjustments in the 2008 Crisis

NBER Working Paper No. w15919
Number of pages: 46 Posted: 27 Apr 2010 Last Revised: 06 Jul 2010
Downloads 49 (466,927)

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Optimal Executive Compensation when Firm Size Follows Geometric Brownian Motion

Number of pages: 35 Posted: 08 Apr 2005
Zhiguo He
University of Chicago - Finance
Downloads 277 (130,722)
Citation 22

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Executive Compensation, Continuous-time Contracting, Performance-Based Stock Grants

Optimal Executive Compensation When Firm Size Follows Geometric Brownian Motion

The Review of Financial Studies, Vol. 22, Issue 2, pp. 859-892, 2009
Posted: 25 Jan 2009
Zhiguo He
University of Chicago - Finance

Abstract:

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G32, D82, E2

Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?

Fama-Miller Working Paper, AFA 2013 San Diego Meetings Paper, Chicago Booth Research Paper No. 12-34
Number of pages: 45 Posted: 17 Mar 2012 Last Revised: 13 Feb 2014
Zhiguo He and Gregor Matvos
University of Chicago - Finance and University of Texas at Austin - Department of Finance
Downloads 241 (150,672)
Citation 5

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Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?

NBER Working Paper No. w17920
Number of pages: 49 Posted: 17 Mar 2012
Zhiguo He and Gregor Matvos
University of Chicago - Finance and University of Texas at Austin - Department of Finance
Downloads 11 (699,751)

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17.
Downloads 252 (144,731)
Citation 13

Inefficient Investment Waves

Fama-Miller Working Paper, Chicago Booth Research Paper No. 12-33
Number of pages: 46 Posted: 15 Mar 2012 Last Revised: 17 Apr 2015
Zhiguo He and Peter Kondor
University of Chicago - Finance and London School of Economics & Political Science (LSE)
Downloads 237 (153,141)

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Pecuniary externality, overinvestment and underinvestment, market intervention

Inefficient Investment Waves

NBER Working Paper No. w18217
Number of pages: 74 Posted: 15 Jul 2012 Last Revised: 31 Jul 2012
Zhiguo He and Peter Kondor
University of Chicago - Finance and London School of Economics & Political Science (LSE)
Downloads 15 (667,787)
Citation 14

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18.
Downloads 252 (144,731)
Citation 248

Intermediary Asset Pricing

American Economic Review, Forthcoming
Number of pages: 53 Posted: 12 May 2012
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 160 (219,552)
Citation 97

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Liquidity, LTCM Crisis, Subprime Crisis, Delegated Portfolio Management, Financial Institutions, Asset Pricing, Collateral, Credit

Intermediary Asset Pricing

NBER Working Paper No. w14517
Number of pages: 55 Posted: 08 Dec 2008 Last Revised: 03 Mar 2021
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 92 (332,005)
Citation 38

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19.
Downloads 238 (153,004)
Citation 3

The Sale of Multiple Assets With Private Information

AFA 2006 Boston Meetings, Review of Financial Studies, Forthcoming
Number of pages: 37 Posted: 25 Mar 2005 Last Revised: 15 Jul 2008
Zhiguo He
University of Chicago - Finance
Downloads 238 (152,498)
Citation 3

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Cross-signalling, Multi-dimensional Pricing System, Risk Management, Bank Loan Sales.

The Sale of Multiple Assets with Private Information

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4787-4820, 2009
Posted: 08 Dec 2009
Zhiguo He
University of Chicago - Finance

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20.

Dynamic Agency and the Q Theory of Investment

Journal of Finance, Forthcoming
Number of pages: 70 Posted: 30 Apr 2012
Stanford Graduate School of Business, Kellogg School of Management - Department of Finance, University of Chicago - Finance and Columbia Business School - Finance and Economics
Downloads 207 (174,768)
Citation 26

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21.
Downloads 191 (188,136)
Citation 55

Endogenous Liquidity and Defaultable Bonds

Chicago Booth Research Paper No. 12-32, Fama-Miller Working Paper
Number of pages: 62 Posted: 21 Aug 2012 Last Revised: 22 Mar 2018
Zhiguo He and Konstantin Milbradt
Downloads 184 (194,447)
Citation 2

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Positive Feedback, Fundamental and Liquidity, Over-The-Counter Market, Secondary Bond Market, Structural Models for Credit Risk, Transaction Cost for Corporate Bonds, Bid-Ask Spread

Endogenous Liquidity and Defaultable Bonds

NBER Working Paper No. w18408
Number of pages: 60 Posted: 22 Sep 2012
Zhiguo He and Konstantin Milbradt
Downloads 7 (731,801)
Citation 20

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Treasury Inconvenience Yields During the Covid-19 Crisis

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-79
Number of pages: 62 Posted: 23 Jun 2020
Zhiguo He, Stefan Nagel and Zhaogang Song
University of Chicago - Finance, University of Chicago - Booth School of Business and Johns Hopkins University - Carey Business School
Downloads 139 (246,863)

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D8, G2

Treasury Inconvenience Yields During the Covid-19 Crisis

NBER Working Paper No. w27416
Number of pages: 59 Posted: 22 Jun 2020 Last Revised: 14 Jul 2020
Zhiguo He, Stefan Nagel and Zhaogang Song
University of Chicago - Finance, University of Chicago - Booth School of Business and Johns Hopkins University - Carey Business School
Downloads 45 (484,425)
Citation 2

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23.

Guiding Blind Funds to Banks in Need: The Role of Nontransaction Deposits During Liquidity Crises

Number of pages: 44 Posted: 13 Mar 2006
Zhiguo He
University of Chicago - Finance
Downloads 181 (197,380)

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Nontransaction Deposits, Liquidity Crisis, Funding Imbalance, Liability Management, Loan Commitments

Delegated Asset Management, Investment Mandates, and Capital Immobility

Journal of Financial Economics (JFE), Forthcoming, Economic Theory Center Working Paper No. 39-2012
Number of pages: 45 Posted: 15 Mar 2009 Last Revised: 31 May 2012
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 150 (231,865)
Citation 9

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Institutional Frictions, Negatively Skewed Risk, Tracking Error Constraints, Market Segmentation

Delegated Asset Management, Investment Mandates, and Capital Immobility

NBER Working Paper No. w14574
Number of pages: 45 Posted: 29 Dec 2008 Last Revised: 22 Jan 2009
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 30 (561,457)
Citation 5

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25.
Downloads 132 (256,281)
Citation 21

Information Acquisition in Rumor-Based Bank Runs

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 02 Sep 2011 Last Revised: 21 Jan 2014
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 128 (263,236)
Citation 1

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Bank runs, learning, information acquisition, belief heterogeneity, asynchronous awareness, temporal coordination, stress tests

Information Acquisition in Rumor Based Bank Runs

NBER Working Paper No. w18513
Number of pages: 55 Posted: 03 Nov 2012
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 4 (756,925)
Citation 8

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26.
Downloads 116 (281,995)
Citation 18

Dynamic Debt Maturity

Chicago Booth Research Paper No. 15-34, Fama-Miller Working Paper
Number of pages: 62 Posted: 14 Aug 2015
Zhiguo He and Konstantin Milbradt
Downloads 98 (318,574)
Citation 12

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Maturity Structure, Dynamic Structural Models, Endogenous Default, No Commitment, Debt Rollover

Dynamic Debt Maturity

NBER Working Paper No. w21919
Number of pages: 68 Posted: 25 Jan 2016 Last Revised: 03 Feb 2016
Zhiguo He and Konstantin Milbradt
Downloads 18 (644,758)
Citation 5

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27.

Dynamic Compensation Contracts with Private Savings

Number of pages: 55 Posted: 03 Dec 2008 Last Revised: 24 Jan 2011
Zhiguo He
University of Chicago - Finance
Downloads 99 (314,285)
Citation 22

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Continuous-time Contracting, Poisson Process, Wealth Effect, Cost of High-Powered Incentives

Open Banking: Credit Market Competition When Borrowers Own the Data

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-168
Number of pages: 59 Posted: 23 Nov 2020 Last Revised: 26 Jan 2021
Zhiguo He, Jing Huang and Jidong Zhou
University of Chicago - Finance, University of Chicago and Yale School of Management
Downloads 44 (488,944)

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Open banking, Data sharing, Banking competition, Digital economy, Winner’s curse, Privacy, Precision marketing

Open Banking: Credit Market Competition When Borrowers Own the Data

Number of pages: 58 Posted: 23 Jan 2021
Zhiguo He, Jing Huang and Jidong Zhou
University of Chicago - Finance, Duke University, Fuqua School of Business and Yale School of Management
Downloads 24 (601,022)

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Open Banking, Data Sharing, Banking Competition, Digital Economy, Winner’s Curse, Privacy, Precision Marketing

Open Banking: Credit Market Competition When Borrowers Own the Data

NBER Working Paper No. w28118
Number of pages: 59 Posted: 23 Nov 2020
Zhiguo He, Jing Huang and Jidong Zhou
University of Chicago - Finance, University of Chicago and Yale School of Management
Downloads 8 (723,697)
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Valuation of Long-Term Property Rights under Political Uncertainty

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-105
Number of pages: 68 Posted: 11 Aug 2020 Last Revised: 18 Aug 2020
University of Chicago - Finance, The Chinese University of Hong Kong, University of Chicago - Finance and Georgia State University - J. Mack Robinson College of Business
Downloads 65 (407,386)

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Political uncertainty, Housing, Land lease, Asset pricing, Reneging risk

Valuation of Long-Term Property Rights Under Political Uncertainty

NBER Working Paper No. w27665
Number of pages: 68 Posted: 10 Aug 2020 Last Revised: 03 Feb 2021
University of Chicago - Finance, The Chinese University of Hong Kong, University of Chicago - Finance and Georgia State University - J. Mack Robinson College of Business
Downloads 4 (756,925)
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30.

Intermediary Asset Pricing: New Evidence from Many Asset Classes

NBER Working Paper No. w21920
Number of pages: 69 Posted: 25 Jan 2016 Last Revised: 03 Feb 2016
Zhiguo He, Bryan T. Kelly and Asaf Manela
University of Chicago - Finance, Yale SOM and Washington University in St. Louis - John M. Olin Business School
Downloads 65 (402,179)
Citation 98

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31.

Quantifying Liquidity and Default Risks of Corporate Bonds Over the Business Cycle

NBER Working Paper No. w20638
Number of pages: 61 Posted: 03 Nov 2014 Last Revised: 02 Mar 2018
Massachusetts Institute of Technology, University of Chicago - Finance, University of Chicago - Finance and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 63 (411,989)
Citation 26

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Margin Trading and Leverage Management

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-29
Number of pages: 74 Posted: 11 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 44 (488,944)

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margin trading, leverage management, liquidation policy, contagion

Margin Trading and Leverage Management

Number of pages: 74 Posted: 22 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 17 (652,353)

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margin trading, leverage management, liquidation policy, contagion

Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-136
Number of pages: 82 Posted: 26 Nov 2019
University of Chicago - Finance, Imperial College Business School and Johns Hopkins University - Carey Business School
Downloads 57 (435,656)
Citation 1

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Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress

NBER Working Paper No. w26494
Number of pages: 81 Posted: 27 Nov 2019
University of Chicago - Finance, Imperial College Business School and Johns Hopkins University - Carey Business School
Downloads 2 (777,511)
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34.
Downloads 54 (439,929)
Citation 44

Intermediary Asset Pricing and the Financial Crisis

NBER Working Paper No. w24415
Number of pages: 39 Posted: 20 Mar 2018 Last Revised: 19 Mar 2021
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Stanford Graduate School of Business
Downloads 54 (446,996)
Citation 44

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Intermediary Asset Pricing and the Financial Crisis

Annual Review of Financial Economics, Vol. 10, pp. 173-197, 2018
Posted: 08 Nov 2018
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and National Bureau of Economic Research (NBER)

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35.

Leverage Dynamics Without Commitment

NBER Working Paper No. w22799
Number of pages: 57 Posted: 14 Nov 2016
Peter M. DeMarzo and Zhiguo He
Stanford Graduate School of Business and University of Chicago - Finance
Downloads 49 (458,811)
Citation 10

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36.

A Model of Safe Asset Determination

NBER Working Paper No. w22271
Number of pages: 71 Posted: 24 May 2016 Last Revised: 12 Feb 2021
University of Chicago - Finance, Stanford Graduate School of Business and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 44 (479,588)
Citation 16

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37.

Debt Financing in Asset Markets

NBER Working Paper No. w17935
Number of pages: 47 Posted: 31 Mar 2012
Zhiguo He and Wei Xiong
University of Chicago - Finance and Princeton University - Department of Economics
Downloads 36 (515,917)
Citation 2

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38.

Chinese Bond Market and Interbank Market

NBER Working Paper No. w25549
Number of pages: 67 Posted: 19 Feb 2019
Marlene Amstad and Zhiguo He
Harvard Kennedy School and University of Chicago - Finance
Downloads 29 (558,360)
Citation 2

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39.

What Makes Us Government Bonds Safe Assets?

NBER Working Paper No. w22017
Number of pages: 9 Posted: 01 Mar 2016 Last Revised: 28 Feb 2021
University of Chicago - Finance, Stanford Graduate School of Business and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 29 (552,553)
Citation 7

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40.
Downloads 14 (651,119)
Citation 1

Sovereign Debt Ratchets and Welfare Destruction

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-32
Number of pages: 103 Posted: 24 Mar 2021
Stanford Graduate School of Business, University of Chicago - Finance and Copenhagen Business School
Downloads 14 (675,684)
Citation 1

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Sovereign Debt Ratchets and Welfare Destruction

NBER Working Paper No. w28599
Number of pages: 102 Posted: 22 Mar 2021 Last Revised: 27 Mar 2021
Stanford Graduate School of Business, University of Chicago - Finance and Copenhagen Business School
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