Song Han

Board of Governors of the Federal Reserve System

Sr. Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

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    • Tel: 202-736-1971
    • Fax: 202-452-3891
SCHOLARLY PAPERS

22

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Top 14,366

in Total Papers Downloads

4,360

SSRN CITATIONS
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SSRN RANKINGS

Top 5,621

in Total Papers Citations

115

CROSSREF CITATIONS

126

Scholarly Papers (22)

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1.

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

Downloads 1,034 ( 27,150)
Citation 25

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
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 545 (63,567)
Citation 2

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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
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 255 (151,104)
Citation 15

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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
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 234 (164,461)
Citation 1

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corporate bond, herding, liquidity, institutional investors

2.

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

Downloads 657 ( 50,672)
Citation 23

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
Board of Governors of the Federal Reserve System and SUSTech Business School
Downloads 514 (68,449)
Citation 17

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Corporate bond yields, credit default swaps, liquidity

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
Board of Governors of the Federal Reserve System and SUSTech Business School
Downloads 80 (382,442)
Citation 7

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Corporate bond spreads, 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
Board of Governors of the Federal Reserve System and SUSTech Business School
Downloads 63 (436,997)
Citation 3

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

3.

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

Downloads 336 (113,630)
Citation 3

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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 209 (183,412)
Citation 2

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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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 127 (280,014)
Citation 2

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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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 282 (136,926)
Citation 22

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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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 244 (158,423)

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

6.

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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 230 (167,671)
Citation 7

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

7.

Inflation and the Size of Government

Number of pages: 44 Posted: 30 Jan 2002
Song Han and Casey B. Mulligan
Board of Governors of the Federal Reserve System and University of Chicago
Downloads 211 (182,023)
Citation 3

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Inflation, government size, central bank independence

8.

On the Economics of Discrimination in Credit Markets

Number of pages: 48 Posted: 30 Jan 2002
Song Han
Board of Governors of the Federal Reserve System
Downloads 180 (210,000)

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Credit rationing, discrimination, mortgage, credit risk

9.

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

Downloads 179 (211,045)
Citation 7

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

FEDS Notes No. 2016-064
Number of pages: 38 Posted: 28 May 2016 Last Revised: 09 Nov 2020
Song Han and Kleopatra Nikolaou
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 104 (323,442)
Citation 6

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Triparty repos, Over-the-counter (OTC) markets, trade relationships, ON RRP exercise, Treasury Auctions, liquidity shock

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
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 75 (397,200)
Citation 1

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

10.

Are Longer Bankruptcies Really More Costly?

FEDS Working Paper No. 2006-27
Number of pages: 48 Posted: 16 Mar 2006
Daniel M. Covitz, Song Han and Beth Anne Wilson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 154 (239,752)
Citation 4

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Bankruptcy cost, bankruptcy reorganization, recovery rate, credit risk

11.

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
Board of Governors of the Federal Reserve System, The Wharton School - University of Pennsylvania, Real Estate Department and Board of Governors of the Federal Reserve System
Downloads 132 (270,931)
Citation 7

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

12.

Household Borrowing After Personal Bankruptcy

Number of pages: 41 Posted: 10 Jan 2009
Song Han and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 127 (278,870)
Citation 17

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Personal bankruptcy, credit constraints, household finance

13.

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

Downloads 104 (321,328)
Citation 3

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
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 54 (471,366)
Citation 4

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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
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 50 (488,202)

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

14.

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
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 104 (321,328)
Citation 10

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Personal bankruptcy, labor supply

15.

Creditor Learning and Discrimination in Lending

Number of pages: 42 Posted: 23 Oct 2007 Last Revised: 30 Mar 2015
Song Han
Board of Governors of the Federal Reserve System
Downloads 87 (359,985)

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Mortgage lending, creditor learning, discrimination

16.

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

Journal of Financial Markets, Forthcoming
Number of pages: 56 Posted: 12 Jun 2017 Last Revised: 03 Jun 2021
Song Han, Alan Guoming Huang, Madhu Kalimipalli and Ke Wang
Board of Governors of the Federal Reserve System, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 80 (378,634)

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

17.

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
Song Han, Alan Guoming Huang, Madhu Kalimipalli and Ke Wang
Board of Governors of the Federal Reserve System, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 68 (414,369)
Citation 2

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

18.

Liquidity, Runs, and Security Design

Number of pages: 52 Posted: 16 Feb 2009
Song Han and Dan Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 66 (421,027)
Citation 1

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

19.

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
Board of Governors of the Federal Reserve System, The Wharton School - University of Pennsylvania, Real Estate Department and Board of Governors of the Federal Reserve System
Downloads 53 (467,772)
Citation 2

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

20.

Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility

NBER Working Paper No. w7678
Number of pages: 44 Posted: 17 May 2000 Last Revised: 26 Jun 2021
Casey B. Mulligan and Song Han
University of Chicago and Board of Governors of the Federal Reserve System
Downloads 32 (565,581)
Citation 1

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21.

The Runnables

FEDS Notes No. 2015-09-03 https://doi.org/10.17016/2380-7172.1595
Posted: 24 Oct 2015
Jack Bao, Josh David and Song Han
University of Delaware - Department of Finance, Independent and Board of Governors of the Federal Reserve System

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22.

Discrimination in Lending: Theory and Evidence

Posted: 07 Feb 2005
Song Han
Board of Governors of the Federal Reserve System

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Statistical discrimination, Taste-based discrimination, Mortgage lending