Research Papers
Publications & Working Papers by GCFP Affiliates
-
Productive Capabilities, Economic Fitness and the Role of Sovereign Development Funds
February 21, 2023 | by Khalid Alsweilem, Masud Z. Cader, and Malan Rietveld Abstract This paper argues that a set of analytical tools from the emergent Economic Fitness literature can […]
continue reading → -
Credit Risk Transfer and the Pricing of Mortgage Default Risk
October 2022 | by Deborah Lucas and Edward Golding Edwad Golding and Debbie Lucas in a recently posted working paper, Credit Risk Transfer and the Pricing of Mortgage Default Risk, analyze the effectiveness […]
continue reading → -
Sovereign Wealth Funds
July 11, 2022 | by Khalid Alsweilem, Mark Kritzman, and Malan Rietveld Abstract This paper presents a framework for portfolio optimization that makes three departures from the traditional mean-variance approach. […]
continue reading → -
Dollar Funding Stresses in China
October 23, 2022 | by Laura E. Kodres, Leslie Sheng Shen, and Darrell Duffie Abstract The need for US dollar funding during the financial stresses in mid-March 2020, as the […]
continue reading → -
Positive Cross-border Policy Spillovers?
Ever wonder if contagion can ever be a good thing? In the paper “Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies,” Laura Kodres, associate […]
continue reading → -
The Unequal Costs of Black Homeownership
As Keynes noted, a small difference in interest rates can compound to a large number. A new study by the GCFP’s Executive Director, Ed Golding, and two co-authors, Michelle Aronowitz and […]
continue reading → -
How Much Can Collective Defined Contribution Plans Improve Risk-Sharing?
In a new paper, How Much Can Collective Defined Contribution Plans Improve Risk-Sharing?, GCFP Director Deborah Lucas and Research Associate Daniel Smith discuss how to improve retirement plans. Rather than relying […]
continue reading → -
Negative WTI Crude Futures Prices Event Study
Adam S. Nagy, Master in Finance and Teaching Assistant at MIT Sloan School of Management Robert C. Merton, School of Management Distinguished Professor of Finance at MIT Sloan School of […]
continue reading → -
Measuring the Costs of Bailouts
Deborah Lucas – Annual Review of Financial Economics PAPER CONFERENCE PRESENTATION
continue reading → -
Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions
Robert C. Merton and Richard T. Thakor — Journal of Financial Intermediation, Forthcoming
continue reading →