Santa Cruz, CA 95064
Stanford, CA 94305
UC Santa Cruz
securitization, originate-to-distribute, safety demand, diversification, moral hazard
Financial Frictions, Financial Markets and the Macroeconomy, Financial Crises, Balance Sheet Channel
ovid-19, cash shortfall, firms' debt, moral hazard, bank equity, aggregate risk, government interventions
macroprudential policy, interbank market, liquidity panics
capital structure, risk-taking, originate-to-distribute, diversification, spreads, saving glut
balance sheet channel, financial crises, financial frictions, financial markets and the macroeconomy
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COVID-19, Financial Intermediation, firm's leverage, Government interventions, liquidity
Diversification, moral hazard, Originate-to-distribute, Safety demand, Securitization
Optimal Contract, Uncertainty shocks, Moral hazard, borrowing constraints
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