Song Han

Federal Reserve Board - Division of Research and Statistics

Sr. Economist

20th & C. St., N.W.

Washington, DC 20551

United States

SCHOLARLY PAPERS

21

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3,685

CITATIONS
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Top 5,456

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94

Scholarly Papers (21)

Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 72 Posted: 22 Nov 2015 Last Revised: 25 Dec 2017
Fang Cai, Song Han, Dan Li and Yi Li
Federal Reserve Board, Federal Reserve Board - Division of Research and Statistics, Federal Reserve Board and Federal Reserve Board
Downloads 442 (62,044)
Citation 19

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Corporate Bond; Herding; Institutional Investors; Return Reversal

Institutional Herding and its Price Impact: Evidence from the Corporate Bond Market

FEDS Working Paper No. 2016-091
Number of pages: 58 Posted: 28 Nov 2016
Fang Cai, Song Han, Dan Li and Yi Li
Federal Reserve Board, Federal Reserve Board - Division of Research and Statistics, Board of Governors of the Federal Reserve System and Federal Reserve Board
Downloads 221 (133,987)
Citation 20

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Corporate Bond, Herding, Institutional Investors, Liquidity, Return Reversal

Institutional Herding in the Corporate Bond Market

FRB International Finance Discussion Paper No. 1071
Number of pages: 47 Posted: 08 Feb 2013
Fang Cai, Song Han and Dan Li
Federal Reserve Board, Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 173 (168,471)
Citation 21

Abstract:

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corporate bond, herding, liquidity, institutional investors

Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data

Number of pages: 55 Posted: 24 Nov 2006 Last Revised: 06 Apr 2008
Song Han and Hao Zhou
Federal Reserve Board - Division of Research and Statistics and Tsinghua University - PBC School of Finance
Downloads 473 (57,018)
Citation 14

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Corporate bond yields, credit default swaps, liquidity

Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data

HKIMR Working Paper No.02/2011
Number of pages: 49 Posted: 30 Jan 2011
Song Han and Hao Zhou
Federal Reserve Board - Division of Research and Statistics and Tsinghua University - PBC School of Finance
Downloads 56 (364,392)
Citation 14

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Corporate Bond Yield Spreads, Credit Default Swaps, Liquidity, CDS-Bond Basis

Effects of Bond Liquidity on the Nondefault Component of Corporate Bond Spreads: Evidence from Intraday Transactions Data

Number of pages: 52 Posted: 23 Apr 2007 Last Revised: 01 Sep 2016
Song Han and Hao Zhou
Federal Reserve Board - Division of Research and Statistics and Tsinghua University - PBC School of Finance
Downloads 44 (405,748)
Citation 13

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Corporate bond spreads, credit default swaps, liquidity

Liquidity Crisis, Runs, and Security Design - Lessons from the Collapse of the Auction Rate Securities Market

Number of pages: 53 Posted: 14 Jan 2009 Last Revised: 20 Mar 2009
Song Han and Dan Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 198 (148,842)
Citation 5

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Auction rate securities, liquidity crisis, uniform-price auctions, underpricing, security design, market microstructure, municipal bond pricing

Liquidity Crisis, Runs, and Security Design -- Lessons from the Collapse of the Auction Rate Securities Market

Number of pages: 53 Posted: 23 Mar 2009
Song Han and Dan Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 124 (222,202)
Citation 3

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Auction rate securities, liquidity crisis, uniform-price auctions, underpricing, security design, market microstructure, municipal bond pricing

4.

An Empirical Analysis of Bond Recovery Rates: Exploring a Structural View of Default

FEDS Working Paper No. 2005-10
Number of pages: 46 Posted: 30 May 2005
Daniel M. Covitz and Song Han
Federal Reserve Board - Division of Research & Statistics and Federal Reserve Board - Division of Research and Statistics
Downloads 258 (115,028)
Citation 11

Abstract:

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Recovery rate, default, credit risk model

5.

Liquidity Crisis, Runs, and Security Design: Lessons from the Collapse of the Auction Rate Municipal Bond Market

Number of pages: 58 Posted: 10 Jan 2009 Last Revised: 25 Apr 2013
Song Han and Dan Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 236 (125,928)
Citation 3

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Auction, auction rate securities, municipal bond pricing, liquidity crisis

6.

Inflation and the Size of Government

FEDS Working Paper No. 2002-01
Number of pages: 44 Posted: 30 Jan 2002
Song Han and Casey B. Mulligan
Federal Reserve Board - Division of Research and Statistics and University of Chicago
Downloads 194 (151,938)
Citation 2

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Inflation, government size, central bank independence

7.

Informed Bond Trading, Corporate Yield Spreads, and Corporate Default Prediction

Number of pages: 34 Posted: 20 Mar 2011 Last Revised: 27 Apr 2013
Song Han and Xing (Alex) Zhou
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve System
Downloads 183 (160,147)

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Corporate Bond Yield Spreads, Information Asymmetry, Information Risk Premium, Credit Risk, Corporate Default Prediction

8.

On the Economics of Discrimination in Credit Markets

FEDS Working Paper No. 2002-02
Number of pages: 48 Posted: 30 Jan 2002
Song Han
Federal Reserve Board - Division of Research and Statistics
Downloads 169 (171,954)
Citation 1

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Credit rationing, discrimination, mortgage, credit risk

9.

Are Longer Bankruptcies Really More Costly?

FEDS Working Paper No. 2006-27
Number of pages: 48 Posted: 16 Mar 2006
Federal Reserve Board - Division of Research & Statistics, Federal Reserve Board - Division of Research and Statistics and Government of the United States of America - Division of International Finance (IFDP)
Downloads 148 (192,326)
Citation 1

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Bankruptcy cost, bankruptcy reorganization, recovery rate, credit risk

10.

Household Borrowing After Personal Bankruptcy

Number of pages: 41 Posted: 10 Jan 2009
Song Han and Geng Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 115 (233,964)
Citation 6

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Personal bankruptcy, credit constraints, household finance

Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos

Number of pages: 42 Posted: 28 May 2016 Last Revised: 21 Jun 2016
Song Han and Kleopatra Nikolaou
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board of Governors
Downloads 69 (326,777)

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Triparty repos, OTC markets, trade relationships, RRP exercise, Treasury Auctions, search frictions

Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos

FEDS Working Paper No. 2016-064
Number of pages: 43 Posted: 15 Aug 2016
Song Han and Kleopatra Nikolaou
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board of Governors
Downloads 36 (438,506)

Abstract:

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Triparty repos, OTC markets, Trade relationships, RRP exercise, Treasury Auctions, Search frictions

12.

Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply

FRB Philadelphia Working Paper No. 04-5
Number of pages: 35 Posted: 23 Jul 2004
Song Han and Wenli Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Bank of Philadelphia
Downloads 98 (261,624)
Citation 8

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Personal bankruptcy, labor supply

13.

Unsecured Credit Supply over the Credit Cycle: Evidence from Credit Card Mailings

Finance and Economics Discussion Paper Series Paper No. 2011-29
Number of pages: 54 Posted: 25 May 2011 Last Revised: 27 Apr 2013
Song Han, Benjamin J. Keys and Geng Li
Federal Reserve Board - Division of Research and Statistics, The Wharton School - University of Pennsylvania, Real Estate Department and Federal Reserve Board
Downloads 93 (270,588)

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personal bankruptcy, credit supply, credit card, mail solicitation, shrouding, CARD Act

The Fragility of Discretionary Liquidity Provision - Lessons from the Collapse of the Auction Rate Securities Market

FEDS Working Paper No. 210-50
Number of pages: 60 Posted: 29 Jul 2011
Song Han and Li Dan
Federal Reserve Board - Division of Research and Statistics and affiliation not provided to SSRN
Downloads 48 (391,206)
Citation 1

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Auction rate securities, uniform-price auctions, liquidity crisis, financial fragility, market microstructure, municipal bond pricing

The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market

HKIMR Working Paper No. 05/2011
Number of pages: 56 Posted: 28 Feb 2011
Song Han and Li Dan
Federal Reserve Board - Division of Research and Statistics and affiliation not provided to SSRN
Downloads 45 (402,000)
Citation 1

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Auction Rate Securities, Uniform-Price Auctions, Liquidity Crisis, Financial Fragility, Market Microstructure, Municipal Bond Pricing

15.

Creditor Learning and Discrimination in Lending

Number of pages: 42 Posted: 23 Oct 2007 Last Revised: 30 Mar 2015
Song Han
Federal Reserve Board - Division of Research and Statistics
Downloads 78 (301,418)

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Mortgage lending, creditor learning, discrimination

16.

Liquidity, Runs, and Security Design

Number of pages: 52 Posted: 16 Feb 2009
Song Han and Dan Li
Federal Reserve Board - Division of Research and Statistics and Federal Reserve Board
Downloads 58 (352,935)
Citation 5

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Auction rate securities, municipal bond pricing, liquidity crisis, uniform-price auctions

17.

Information and Liquidity of Over-the-Counter Securities: Evidence from Public Registration of Rule 144A Bonds

Number of pages: 56 Posted: 12 Jun 2017 Last Revised: 27 May 2018
Federal Reserve Board - Division of Research and Statistics, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 39 (416,666)

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Rule 144A bond, broker-dealers, public registration, liquidity, information disclosure

18.

Information, Contract Design, and Unsecured Credit Supply: Evidence from Credit Card Mailings

FEDS Working Paper No. 2015-103
Number of pages: 57 Posted: 18 Nov 2015
Song Han, Benjamin J. Keys and Geng Li
Federal Reserve Board - Division of Research and Statistics, The Wharton School - University of Pennsylvania, Real Estate Department and Federal Reserve Board
Downloads 39 (416,666)

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Credit supply, information asymmetry, credit cards, mail solicitation, personal bankruptcy, CARD Act, household finance

19.

Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility

NBER Working Paper No. w7678
Number of pages: 44 Posted: 17 May 2000 Last Revised: 17 Oct 2010
Casey B. Mulligan and Song Han
University of Chicago and Federal Reserve Board - Division of Research and Statistics
Downloads 26 (474,209)
Citation 16

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20.

Information and Liquidity of OTC Securities: Evidence from Public Registration of Rule 144a Bonds

FEDS Working Paper No. 2018-061
Number of pages: 46 Posted: 17 Sep 2018 Last Revised: 21 Feb 2019
Federal Reserve Board - Division of Research and Statistics, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 22 (496,019)

Abstract:

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Rule 144A bond, Public registration, Information disclosure, Broker-dealers, Liquidity

21.

Discrimination in Lending: Theory and Evidence

Journal of Real Estate Finance and Economics, Vol. 29, No. 1
Posted: 07 Feb 2005
Song Han
Federal Reserve Board - Division of Research and Statistics

Abstract:

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Statistical discrimination, Taste-based discrimination, Mortgage lending