Tri Vi Dang
Research on Information Sensitivity (p)
1) Understanding the history of banking, financial innovations and financial crises based on the concept of information sensitivity [Overview]
2) Papers based on the concept of information sensitivity
|
|
Bargaining with Endogenous Information p is a determinant of outcomes in bargaining
|
|
|
|||
|
|
|
|
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
Information Acquisition, Noise Trading and Speculation in Double Auction Markets Traders can scale up p in large centralized markets |
|
|
Information Provision in Over-the-Counter Markets Rating agencies reduce p in OTC trading |
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
|
|
The Information Sensitivity of a Security A full characterization of p
|
|
|
|||
|
|
|
|
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
Ignorance, Debt and Financial Crises Debt-on-debt minimizes p and a financial crisis arises debt becomes information sensitive |
|
|
p is a determinant of repo haircuts
|
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
|
|
Banks finance low p projects and markets finance high p projects
|
|
|
|||
|
|
|
|
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
Chinese Shadow Banking: Bank-Centric Misperceptions Chinese shadow banking is built on asymmetric perceptions of p |
|
|
Shadow Banking Modes: The Chinese versus US System Chinese and US shadow banks employ different mechanisms to handle p |
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
|
|
The Empirical Information Sensitivity of Treasury Bonds and Stocks An empirical measures of p
|
|
|
|||
|
|
|
|
||||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
The Information View of Financial Crises There are accumulating empirical evidences for p theory |
|
|
Taxation, Information Acquisition and Trade in Decentralized Markets: Theory and Test A profit tax reduces p and a transaction tax increases p |
||||
|
|
|
|
|
|
||