Dong Beom Choi

Seoul National University - Business School

Seoul

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

16

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Top 14,155

in Total Papers Citations

88

CROSSREF CITATIONS

17

Scholarly Papers (16)

The Effect of Monetary Policy on Bank Wholesale Funding

Number of pages: 84 Posted: 12 Jan 2016 Last Revised: 29 Jul 2019
Dong Beom Choi and Hyun-Soo Choi
Seoul National University - Business School and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 431 (125,911)
Citation 11

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Wholesale Funding Substitutions, Cross-sectional Heterogeniety, Liquidity Regulation

The Effect of Monetary Policy on Bank Wholesale Funding

FRB of NY Staff Report No. 759
Number of pages: 53 Posted: 20 Jan 2016 Last Revised: 30 Aug 2017
Dong Beom Choi and Hyun-Soo Choi
Seoul National University - Business School and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 192 (291,172)

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bank funding, monetary policy transmission, systemic stability, liquidity regulation, bank lending channel

Does Increased Shareholder Liability Always Reduce Bank Moral Hazard?

Number of pages: 66 Posted: 27 Dec 2017 Last Revised: 07 Sep 2021
Haelim Anderson, Daniel Barth and Dong Beom Choi
Bank Policy Institute, Board of Governors of the Federal Reserve System and Seoul National University - Business School
Downloads 387 (142,568)

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Double Liability, Moral Hazard, Market Discipline, Bank Runs, Great Depression

Reducing Moral Hazard at the Expense of Market Discipline: The Effectiveness of Double Liability Before and During the Great Depression

Office of Financial Research Research Paper No. 18-06
Number of pages: 62 Posted: 15 Oct 2018
Haelim Anderson, Daniel Barth and Dong Beom Choi
Bank Policy Institute, Board of Governors of the Federal Reserve System and Seoul National University - Business School
Downloads 83 (557,372)

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Double Liability, Moral Hazard, Market Discipline, Bank Runs, Great Depression, Financial Stability

Reducing Moral Hazard at the Expense of Market Discipline: The Effectiveness of Double Liability Before and During the Great Depression

FDIC Center for Financial Research Paper No. 2018-05
Number of pages: 62 Posted: 22 Oct 2018
Haelim Anderson, Daniel Barth and Dong Beom Choi
Bank Policy Institute, Board of Governors of the Federal Reserve System and Seoul National University - Business School
Downloads 37 (826,847)
Citation 3

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Double Liability, Moral Hazard, Market Discipline, Bank Runs, Great Depression

Reducing Moral Hazard at the Expense of Market Discipline: The Effectiveness of Double Liability before and During the Great Depression

FRB of New York Staff Report No. 869
Number of pages: 62 Posted: 18 Oct 2018
Haelim Anderson, Daniel Barth and Dong Beom Choi
Bank Policy Institute, Board of Governors of the Federal Reserve System and Seoul National University - Business School
Downloads 24 (944,960)

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double liability, moral hazard, market discipline, bank runs, Great Depression

3.

A Theory of Collateral for the Lender of Last Resort

Review of Finance, 25(4), 973-996, 2021.
Number of pages: 38 Posted: 28 Nov 2016 Last Revised: 20 Sep 2023
Dong Beom Choi, João A. C. Santos and Tanju Yorulmazer
Seoul National University - Business School, Federal Reserve Bank of New York and Koc University
Downloads 343 (164,299)
Citation 6

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Central Bank, Liquidity, Macroprudential policy, Externality, Interbank Market, Lending Facilities

4.

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission

FRB of NY Staff Report No. 724
Number of pages: 55 Posted: 07 Sep 2017 Last Revised: 08 Apr 2020
Seoul National University - Business School, Federal Reserve Banks - Federal Reserve Bank of New York and Koc University
Downloads 245 (232,237)

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monetary policy transmission, financial frictions, heterogeneous agents, financial intermediation

5.

Debt-equity Conflicts and Efficiency of Distressed Firms: Evidence from Japanese Banker-directors

Number of pages: 51 Posted: 11 Jul 2022 Last Revised: 25 Aug 2023
Kentaro Asai and Dong Beom Choi
Kyoto University and Seoul National University - Business School
Downloads 223 (254,293)

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debt-equity conflict, financial distress, banker-directors, investment efficiency, stakeholder

6.

Clogged Intermediation: Were Home Buyers Crowded Out?

Number of pages: 52 Posted: 07 Nov 2017 Last Revised: 28 Sep 2021
Dong Beom Choi, Hyun-Soo Choi and Jung-Eun Kim
Seoul National University - Business School, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 202 (278,707)
Citation 5

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Credit rationing, mortgage lending, operating capacity, monetary transmission, distributional effects

7.

Securitization and Screening Incentives: Evidence from Mortgage Processing Time

Number of pages: 47 Posted: 06 Mar 2018 Last Revised: 11 Aug 2019
Dong Beom Choi and Jung-Eun Kim
Seoul National University - Business School and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 198 (283,806)
Citation 3

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incentive misalignment, lending standard, loan sale, securitization, mortgage lending

8.

Hidden Cost of Better Bank Services: Carefree Depositors in Riskier Banks?

FRB of NY Staff Report No. 760
Number of pages: 61 Posted: 20 Jan 2016 Last Revised: 14 Jun 2018
Dong Beom Choi and Ulysses Velasquez
Seoul National University - Business School and Stanford Graduate School of Business
Downloads 193 (290,471)

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bank liability, funding cost, deposit, risk taking, market discipline

9.
Downloads 191 (293,199)
Citation 1

Contagion Effects of the Silicon Valley Bank Run

Number of pages: 39 Posted: 13 Aug 2023
Seoul National University - Business School, Yale School of Management and Koc University
Downloads 178 (311,717)

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Contagion, Banking crisis, Bank run, Systemic risk, Interest rate risk, Hidden losses, Held-to-maturity

Contagion Effects of the Silicon Valley Bank Run

NBER Working Paper No. w31772
Number of pages: 53 Posted: 09 Oct 2023
Seoul National University - Business School, Yale School of Management and Koc University
Downloads 13 (1,064,332)
Citation 1
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Whatever It Takes? Market Maker of Last Resort and its Fragility

Number of pages: 43 Posted: 30 Dec 2021 Last Revised: 03 Jan 2024
Dong Beom Choi and Tanju Yorulmazer
Seoul National University - Business School and Koc University
Downloads 138 (386,462)

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market maker of last resort, liquidity, asset purchase program, multiple equilibria, time inconsistency

Whatever it Takes? Market Maker of Last Resort and its Fragility

Number of pages: 43 Posted: 13 Feb 2024
Tanju Yorulmazer and Dong Beom Choi
Koc University and Seoul National University - Business School
Downloads 15 (1,053,279)

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market maker of last resort, liquidity, asset purchase program, multiple equilibria, time inconsistency

Heterogeneity and Stability: Bolster the Strong Not the Weak

Number of pages: 52 Posted: 09 Oct 2012 Last Revised: 30 Jul 2013
Dong Beom Choi
Seoul National University - Business School
Downloads 99 (496,997)

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Heterogeneity and Stability: Bolster the Strong, Not the Weak

FRB of New York Staff Report No. 637
Number of pages: 53 Posted: 03 Oct 2013
Dong Beom Choi
Seoul National University - Business School
Downloads 36 (834,962)
Citation 12

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financial spillovers, panic, financial crises

12.

CSR Scores versus Actual Impacts: Banks’ Main Street Lending during the Great Recession

Number of pages: 60 Posted: 19 Oct 2022 Last Revised: 24 Sep 2023
Dong Beom Choi and Seongjoon Jeong
Seoul National University - Business School and Seoul National University
Downloads 94 (510,283)
Citation 1

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corporate social responsibility, stakeholder theory, bank lending, social impact assessment, credit crunch, Great Recession

13.

Bank Leverage Limits and Regulatory Arbitrage: Old Question, New Evidence

FRB of New York Staff Report No. 856
Number of pages: 43 Posted: 20 Jun 2018 Last Revised: 28 Dec 2019
Dong Beom Choi, Michael R. Holcomb and Donald P. Morgan
Seoul National University - Business School, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 93 (513,803)
Citation 3

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Basel III regulation, bank risk, leverage limit, regulatory arbitrage, reaching for yield

14.

Are Collateral and Lender Screening Efforts Substitutes?

Number of pages: 40 Posted: 01 Dec 2023
Dong Beom Choi and Jung-Eun Kim
Seoul National University - Business School and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 44 (754,181)

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collateral, screening efforts, information acquisition, lending standards, procyclicality

15.

Contagious Runs: Who Initiates?

Number of pages: 11 Posted: 31 Jan 2016
Dong Beom Choi
Seoul National University - Business School
Downloads 41 (775,436)

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Contagion, Self-fulfilling panic, Global games, Network

16.

Are Environmental and Socially Responsible Firms More Resilient? Korean Firms during the COVID-19 Crash

Number of pages: 38 Posted: 14 May 2024
Chanyang Choo, Dong Beom Choi and Seongjoon Jeong
Seoul National University, Seoul National University - Business School and Seoul National University
Downloads 11 (1,047,852)

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ESG, resilience, COVID-19, risk management, Korean stock market