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

 

 

Haircuts and Repo Chains

p is a determinant of repo haircuts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banks as Secret Keepers

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