Wenhao Li

University of Southern California - Marshall School of Business

Assistant Professor of Finance and Business Economics

701 Exposition Blvd

Los Angeles, CA California 90089

United States

http://www.wenhao-li.com

SCHOLARLY PAPERS

8

DOWNLOADS

1,836

SSRN CITATIONS

4

CROSSREF CITATIONS

3

Scholarly Papers (8)

1.

Public Liquidity and Financial Crises

USC Marshall School of Business Research Paper
Number of pages: 57 Posted: 24 Jun 2018 Last Revised: 22 Feb 2021
Wenhao Li
University of Southern California - Marshall School of Business
Downloads 512 (65,924)

Abstract:

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public liquidity, financial crisis, liquidity premium, banking

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

Number of pages: 79 Posted: 09 Apr 2020 Last Revised: 13 May 2021
Arvind Krishnamurthy and Wenhao Li
Stanford Graduate School of Business and University of Southern California - Marshall School of Business
Downloads 351 (102,236)
Citation 1

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financial crises, intermediation, sentiment, credit spread

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

NBER Working Paper No. w27088
Number of pages: 80 Posted: 05 May 2020 Last Revised: 16 May 2021
Arvind Krishnamurthy and Wenhao Li
Stanford Graduate School of Business and University of Southern California - Marshall School of Business
Downloads 1 (799,569)
Citation 1
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3.

The Passthrough of Treasury Supply to Bank Deposit Funding

Columbia Business School Research Paper, USC Marshall School of Business Research Paper
Number of pages: 70 Posted: 09 Jan 2019 Last Revised: 07 Jul 2020
Wenhao Li, Yiming Ma and Yang Zhao
University of Southern California - Marshall School of Business, Columbia University - Columbia Business School and Stanford University, Graduate School of Business
Downloads 283 (130,017)

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safe assets, bank deposits, deposit competition, treasury supply, monetary policy

4.

The Term Structure of Liquidity Premium

USC Marshall School of Business Research Paper
Number of pages: 58 Posted: 07 Nov 2019 Last Revised: 23 Mar 2021
Scott Joslin, Wenhao Li and Yang Song
University of Southern California - Department of Finance and Business Economics, University of Southern California - Marshall School of Business and University of Washington - Michael G. Foster School of Business
Downloads 279 (131,936)

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Liquidity Premium, Term Structure, Monetary Policy

5.

Liquidity Premium and the Substitution Between Money and Treasuries

USC Marshall School of Business Research Paper
Number of pages: 64 Posted: 11 Sep 2018 Last Revised: 11 Dec 2020
Wenhao Li
University of Southern California - Marshall School of Business
Downloads 173 (207,450)
Citation 1

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liquidity premium; substitution; Treasury supply; money; debt valuation

6.

Intermediary Funding Cost and Short-Term Risk Premia

Number of pages: 46 Posted: 29 May 2018 Last Revised: 14 Nov 2018
Wenhao Li and Jonathan Wallen
University of Southern California - Marshall School of Business and Stanford University, Graduate School of Business
Downloads 118 (281,442)

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intermediary asset pricing; risk premia; idiosyncratic risks; price reversal

7.

The Distortionary Effects of Central Bank Direct Lending on Firm Quality Dynamics

USC Marshall School of Business Research Paper, Fisher College of Business Working Paper No. 2020-03-028, Charles A. Dice Working Paper No. 2020-28
Number of pages: 67 Posted: 01 Dec 2020 Last Revised: 14 May 2021
Wenhao Li and Ye Li
University of Southern California - Marshall School of Business and Ohio State University
Downloads 69 (396,576)

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central bank direct lending, lending programs, credit intervention, credit policy, liquidity facilities, heterogeneous firms, firm distribution, unconventional, monetary policy, quantitative easing, corporate cash holdings, financial crises, Covid-19 pandemic

8.

Appendix To 'Public Liquidity and Financial Crises'

Number of pages: 30 Posted: 27 Mar 2019 Last Revised: 10 Jul 2020
Wenhao Li
University of Southern California - Marshall School of Business
Downloads 50 (459,453)
Citation 1

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Other Papers (1)

Total Downloads: 534
1.

Brokers or Dealers? Trading Intermediation and Market Liquidity

Number of pages: 52 Posted: 17 Apr 2016 Last Revised: 23 Feb 2021
Jiacui Li and Wenhao Li
David Eccles School of Business, University of Utah and University of Southern California - Marshall School of Business
Downloads 534 (61,193)

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Intermediaries, Agency Trading, Principal Trading, Price Benchmark, Market Transparency