Nicolae Garleanu

University of California, Berkeley - Haas School of Business

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

http://faculty.haas.berkeley.edu/garleanu

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 5,906

SSRN RANKINGS

Top 5,906

in Total Papers Downloads

6,224

CITATIONS
Rank 486

SSRN RANKINGS

Top 486

in Total Papers Citations

977

Scholarly Papers (25)

Efficiently Inefficient Markets for Assets and Asset Management

Number of pages: 62 Posted: 12 Aug 2015 Last Revised: 09 Jun 2017
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 1,426 (10,094)

Abstract:

Loading...

Asset management, investment, information, search, efficiency, asset pricing, liquidity

Efficiently Inefficient Markets for Assets and Asset Management

NBER Working Paper No. w21563
Number of pages: 55 Posted: 21 Sep 2015
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 20 (473,576)
  • Add to Cart

Abstract:

Loading...

Dynamic Trading with Predictable Returns and Transaction Costs

AFA 2010 Atlanta Meetings Paper
Number of pages: 64 Posted: 24 Mar 2009 Last Revised: 18 Aug 2009
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 900 (20,653)
Citation 9

Abstract:

Loading...

dynamic trading, predictability, transaction costs, portfolio choice

Dynamic Trading with Predictable Returns and Transaction Costs

NBER Working Paper No. w15205
Number of pages: 47 Posted: 11 Aug 2009 Last Revised: 20 Jul 2010
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 40 (377,770)
Citation 9

Abstract:

Loading...

Dynamic Trading with Predictable Returns and Transaction Costs

CEPR Discussion Paper No. DP7392
Number of pages: 47 Posted: 08 Sep 2009
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 3 (570,197)
Citation 9
  • Add to Cart

Abstract:

Loading...

dynamic trading, portfolio choice, predictability, transaction costs

3.
Downloads 822 ( 24,005)
Citation 114

Securities Lending, Shorting, and Pricing

Number of pages: 44 Posted: 04 Mar 2002
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University - Graduate School of Business, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 822 (23,600)
Citation 114

Abstract:

Loading...

Securities Lending, Shorting, and Pricing

Journal of Financial Economics, Forthcoming
Posted: 29 Mar 2002
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University - Graduate School of Business, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC

Abstract:

Loading...

4.
Downloads 496 ( 47,248)
Citation 106

Demand-Based Option Pricing

EFA 2005 Moscow Meetings Paper
Number of pages: 48 Posted: 05 Mar 2005
Nicolae Garleanu, Lasse Heje Pedersen and Allen M. Poteshman
University of California, Berkeley - Haas School of Business, AQR Capital Management, LLC and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 416 (58,225)
Citation 106

Abstract:

Loading...

Options, demand pressure, price pressure, frictions, liquidity

Demand-Based Option Pricing

NBER Working Paper No. w11843
Number of pages: 49 Posted: 29 Mar 2006 Last Revised: 02 Feb 2010
Nicolae Garleanu, Lasse Heje Pedersen and Allen M. Poteshman
University of California, Berkeley - Haas School of Business, AQR Capital Management, LLC and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 49 (347,014)
Citation 106

Abstract:

Loading...

Demand-Based Option Pricing

CEPR Discussion Paper No. 5420
Number of pages: 51 Posted: 27 Mar 2006
Nicolae Garleanu, Lasse Heje Pedersen and Allen M. Poteshman
University of California, Berkeley - Haas School of Business, AQR Capital Management, LLC and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 31 (414,521)
Citation 106
  • Add to Cart

Abstract:

Loading...

Option, demand, valuation, intermediation, market makers, implied volatility, hedging, price pressure, risk, dealers

5.

Design and Renegotiation of Debt Covenants

AFA 2004 San Diego Meetings, EFA 2005 Moscow Meetings Paper
Number of pages: 36 Posted: 10 Jul 2005
Nicolae Garleanu and Jeffrey Zwiebel
University of California, Berkeley - Haas School of Business and Stanford Graduate School of Business
Downloads 478 (47,494)
Citation 49

Abstract:

Loading...

6.
Downloads 345 ( 73,370)
Citation 18

Technological Growth and Asset Pricing

Journal of Finance, Forthcoming
Number of pages: 43 Posted: 07 Dec 2006 Last Revised: 17 May 2012
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 315 (80,819)
Citation 16

Abstract:

Loading...

Production-based asset pricing, continuous-time methods, macro-finance, growth options, irreversible investment, technology adoption, vintage models

Technological Growth and Asset Pricing

NBER Working Paper No. w15340
Number of pages: 58 Posted: 15 Sep 2009
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 30 (419,176)
Citation 18

Abstract:

Loading...

7.
Downloads 267 ( 97,661)
Citation 6

The Demographics of Innovation and Asset Returns

MFI Working Paper No. 2009-08
Number of pages: 52 Posted: 08 Jan 2010 Last Revised: 20 Dec 2013
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 129 (191,216)
Citation 6

Abstract:

Loading...

The Demographics of Innovation and Asset Returns

Number of pages: 52 Posted: 22 Oct 2009 Last Revised: 29 Mar 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 105 (223,360)
Citation 6

Abstract:

Loading...

Asset Pricing, Equity Premium, Value Premium, Intergenerational Risk, Innovation, Displacement Risk

The Demographics of Innovation and Asset Returns

NBER Working Paper No. w15457
Number of pages: 52 Posted: 03 Nov 2009 Last Revised: 27 Sep 2010
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 33 (405,752)
Citation 6

Abstract:

Loading...

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

Chicago Booth Research Paper No. 15-29, Fama-Miller Working Paper
Number of pages: 69 Posted: 20 Aug 2013 Last Revised: 09 Oct 2015
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 157 (162,262)

Abstract:

Loading...

Financial frictions, Market fragmentation, Leverage, Crashes, Contagion

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

NBER Working Paper No. w19381
Number of pages: 62 Posted: 30 Aug 2013
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 8 (542,881)

Abstract:

Loading...

Margin-Based Asset Pricing and Deviations from the Law of One Price

NBER Working Paper No. w16777
Number of pages: 51 Posted: 14 Feb 2011
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 45 (359,955)
Citation 60

Abstract:

Loading...

10.

Securities Lending, Shorting, and Pricing

NYU Working Paper No. FIN-01-023
Number of pages: 35 Posted: 03 Nov 2008
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 140 (173,408)
Citation 114

Abstract:

Loading...

11.
Downloads 133 (185,971)
Citation 5

Adverse Selection and Re-Trade

Number of pages: 25 Posted: 04 Mar 2002
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 111 (214,435)
Citation 5

Abstract:

Loading...

Adverse Selection and Re-Trade

NYU Working Paper No. FIN-03-045
Number of pages: 31 Posted: 11 Nov 2008
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 22 (461,904)
Citation 5

Abstract:

Loading...

12.

Displacement Risk and Asset Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 50 Posted: 30 Jul 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 131 (140,290)
Citation 2

Abstract:

Loading...

consumption-based asset pricing, displacement risk, value premium, equity premium, incomplete markets

13.
Downloads 50 (214,752)
Citation 145

Valuation in Over-the-Counter Markets

NYU Working Paper No. FIN-03-041
Number of pages: 46 Posted: 11 Nov 2008
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 50 (343,925)
Citation 145

Abstract:

Loading...

14.
Downloads 101 (226,615)

Liquidity and Risk Management

NBER Working Paper No. w12887
Number of pages: 18 Posted: 07 Feb 2007 Last Revised: 19 Sep 2010
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 101 (229,562)
Citation 21

Abstract:

Loading...

Liquidity and Risk Management

American Economic Review Papers and Proceedings, Forthcoming
Posted: 27 Jan 2007
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC

Abstract:

Loading...

liquidity, risk management, feedback effect, crises

15.
Downloads 87 (251,633)
Citation 5

Valuation in Dynamic Bargaining Markets

NYU Working Paper No. S-MF-01-01
Number of pages: 45 Posted: 12 Nov 2008
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 59 (317,080)
Citation 5

Abstract:

Loading...

Valuation in Dynamic Bargaining Markets

NYU Working Paper No. FIN-01-022
Number of pages: 45 Posted: 03 Nov 2008
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 28 (428,958)
Citation 5

Abstract:

Loading...

16.
Downloads 85 (255,300)
Citation 145

Valuation in Over-the-Counter Markets

NBER Working Paper No. w12020
Number of pages: 46 Posted: 27 Apr 2006
Nicolae Garleanu, Darrell Duffie and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business, Stanford University - Graduate School of Business and AQR Capital Management, LLC
Downloads 57 (322,669)
Citation 144

Abstract:

Loading...

Valuation in Over-the-Counter Markets

CEPR Discussion Paper No. 5491
Number of pages: 48 Posted: 19 May 2006
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University - Graduate School of Business, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 28 (428,958)
Citation 145
  • Add to Cart

Abstract:

Loading...

Search, bargaining, liquidity, risk, asset pricing

17.

Over-the-Counter Marketmaking

NYU Working Paper No. FIN-03-043
Number of pages: 35 Posted: 11 Nov 2008
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 67 (277,348)
Citation 4

Abstract:

Loading...

18.
Downloads 59 (312,801)
Citation 11

Two Monetary Tools: Interest Rates and Haircuts

NBER Working Paper No. w16337
Number of pages: 41 Posted: 07 Sep 2010 Last Revised: 03 Oct 2010
Adam B. Ashcraft, Nicolae Garleanu and Lasse Heje Pedersen
Federal Reserve Bank of New York, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 55 (328,425)
Citation 11

Abstract:

Loading...

Two Monetary Tools: Interest Rates and Haircuts

CEPR Discussion Paper No. DP8000
Number of pages: 43 Posted: 14 Nov 2010
Adam B. Ashcraft, Nicolae Garleanu and Lasse Heje Pedersen
Federal Reserve Bank of New York, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 4 (564,085)
Citation 11
  • Add to Cart

Abstract:

Loading...

asset pricing, financial frictions, haircuts, liquidity, macroeconomics, margin requirements, monetary policy

19.

Over-the-Counter Markets

NBER Working Paper No. w10816
Number of pages: 49 Posted: 19 Oct 2004 Last Revised: 23 Jul 2010
Darrell Duffie, Nicolae Garleanu and Lasse Heje Pedersen
Stanford University - Graduate School of Business, University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 59 (290,756)
Citation 140

Abstract:

Loading...

20.

Repeated Auctions with Endogenous Selling

NYU Working Paper No. FIN-03-046
Number of pages: 36 Posted: 11 Nov 2008
Nicolae Garleanu and Lasse Heje Pedersen
University of California, Berkeley - Haas School of Business and AQR Capital Management, LLC
Downloads 29 (360,053)
Citation 1

Abstract:

Loading...

auctions, revenue equivalence, no trade, volume, welfare

21.

Impediments to Financial Trade: Theory and Measurement

Fama-Miller Working Paper, Chicago Booth Research Paper No. 15-35
Number of pages: 64 Posted: 15 Aug 2015
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 21 (279,494)

Abstract:

Loading...

Financial frictions, Asset Pricing, Inefficient Markets, Performance Evaluation, Crossborder

22.

Young, Old, Conservative, and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing

Fama-Miller Working Paper , Chicago Booth Research Paper No. 15-36
Number of pages: 38 Posted: 15 Aug 2015
Nicolae Garleanu and Stavros Panageas
University of California, Berkeley - Haas School of Business and University of Chicago - Booth School of Business
Downloads 13 (249,852)
Citation 22

Abstract:

Loading...

23.

Impediments to Financial Trade: Theory and Applications

NBER Working Paper No. w22697
Number of pages: 45 Posted: 03 Oct 2016
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of Chicago - Booth School of Business and Tsinghua University - PBC School of Finance
Downloads 0 (509,974)
  • Add to Cart

Abstract:

Loading...

24.

Portfolio Choice and Pricing in Illiquid Markets

Journal of Economic Theory, 2007
Posted: 26 Jul 2009
Nicolae Garleanu
University of California, Berkeley - Haas School of Business

Abstract:

Loading...

illiquidity, search, portfolio choice, illiquidity discount, equilibrium, illiquidity discount

25.

Risk and Valuation of Collateralized Debt Obligations

Financial Analysts Journal, Vol. 57, No. 1, January/February 2001
Posted: 20 Apr 2001
Nicolae Garleanu and Darrell Duffie
University of California, Berkeley - Haas School of Business and Stanford University - Graduate School of Business

Abstract:

Loading...

Other Papers (1)

Total Downloads: 0    Citations: 0
1.

The Demographics of Innovation and Asset Returns

Posted: 17 Aug 2008
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business

Abstract:

Loading...