Author Page for Haoyang Liu

Shadow Bank and Fintech Mortgage Securitization

Johns Hopkins Carey Business School Research Paper No. 21-06

Number of pages: 49 Posted: 15 Jul 2021 Last Revised: 25 Apr 2022

Yu An, Lei Li, Haoyang Liu and Zhaogang Song

Johns Hopkins Carey Business School, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Johns Hopkins University - Carey Business School

Downloads 205 (206,598)

Abstract:

2.

Asset Pricing with Cohort-Based Trading in MBS Markets

Downloads 192 (219,146)

Citation 2

2

Asset Pricing with Cohort-Based Trading in MBS Markets

Journal of Finance, Forthcoming

Number of pages: 106 Posted: 20 Jul 2020 Last Revised: 28 Sep 2021

Nicola Fusari, Wei Li, Haoyang Liu and Zhaogang Song

Johns Hopkins University - Carey Business School, Johns Hopkins University - Carey Business School, Federal Reserve Bank of New York and Johns Hopkins University - Carey Business School

Downloads 146 (276,512)

Citation 2

Abstract:

Asset Pricing with Cohort-Based Trading in MBS Markets

FRB of New York Staff Report No. 931, Rev. July 2021

Number of pages: 67 Posted: 07 Jul 2020 Last Revised: 11 Aug 2021

Nicola Fusari, Wei Li, Haoyang Liu and Zhaogang Song

Johns Hopkins University - Carey Business School, Johns Hopkins University - Carey Business School, Federal Reserve Bank of New York and Johns Hopkins University - Carey Business School

Downloads 46 (552,577)

Citation 1

Abstract:

3.

Dealers and the Dealer of Last Resort: Evidence from MBS Markets in the COVID-19 Crisis

FRB of New York Staff Report No. 933, Rev. October 2021

Number of pages: 56 Posted: 21 Jul 2020 Last Revised: 06 Oct 2021

Jiakai Chen, Haoyang Liu, Asani Sarkar and Zhaogang Song

University of Hawaii, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Johns Hopkins University - Carey Business School

Downloads 135 (292,995)

Citation 1

Abstract:

4.

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

Downloads 72 (439,985)

Citation 1

2

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

FRB Atlanta Working Paper No. 2018-10

Number of pages: 48 Posted: 29 Aug 2018 Last Revised: 29 Apr 2020

James Conklin, W. Scott Frame, Kristopher Gerardi and Haoyang Liu

University of Georgia, Federal Reserve Bank of Dallas, Federal Reserve Bank of Atlanta and Federal Reserve Bank of New York

Downloads 59 (493,978)

Citation 1

Abstract:

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

FRB of Dallas Working Paper No. 2013

Number of pages: 72 Posted: 23 May 2020

James Conklin, W. Scott Frame, Kristopher S. Gerardi and Haoyang Liu

University of Georgia, affiliation not provided to SSRN, affiliation not provided to SSRN and Federal Reserve Bank of New York

Downloads 13 (788,078)

Abstract:

5.

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

Number of pages: 52 Posted: 16 Nov 2021 Last Revised: 29 Nov 2021

Haoyang Liu, Rodney Ramcharan and Dean Parker

Federal Reserve Bank of New York, University of Southern California, Marshall School of Business and Federal Reserve Bank of New York

Downloads 69 (450,057)

Abstract:

6.

Defragmenting Markets: Evidence from Agency MBS

Downloads 62 (475,084)

2

Defragmenting Markets: Evidence from Agency MBS

FRB of New York Staff Report No. 965

Number of pages: 53 Posted: 05 May 2021

Haoyang Liu, Zhaogang Song and James I. Vickery

Federal Reserve Bank of New York, Johns Hopkins University - Carey Business School and Federal Reserve Bank of Philadelphia

Downloads 57 (502,176)

Abstract:

Defragmenting Markets: Evidence from Agency MBS

FRB of Philadelphia Working Paper No. 21-25

Number of pages: 53 Posted: 09 Jul 2021

Haoyang Liu, Zhaogang Song and James I. Vickery

Federal Reserve Bank of New York, Johns Hopkins University - Carey Business School and Federal Reserve Bank of Philadelphia

Downloads 5 (872,742)

Abstract:

7.

The Federal Reserve’s Market Functioning Purchases

Downloads 54 (506,608)

2

The Federal Reserve’s Market Functioning Purchases

FRB of New York Staff Report No. 998

Number of pages: 38 Posted: 27 Dec 2021

Michael J. Fleming, Haoyang Liu, Rich Podjasek and Jake Schurmeier

Federal Reserve Bank of New York, Federal Reserve Bank of New York, affiliation not provided to SSRN and Harbor Capital Advisors, Inc.

Downloads 46 (552,577)

Abstract:

The Federal Reserve’s Market Functioning Purchases

Economic Policy Review, Vol. 28, No. 1, p. 210-241

Number of pages: 33 Posted: 07 Jul 2022

Michael J. Fleming, Haoyang Liu, Rich Podjasek and Jake Schurmeier

Federal Reserve Bank of New York, Federal Reserve Bank of New York, affiliation not provided to SSRN and Harbor Capital Advisors, Inc.

Downloads 8 (839,616)

Abstract:

8.

Errors in the Dependent Variable of Quantile Regression Models

NBER Working Paper No. w25819

Number of pages: 68 Posted: 15 May 2019 Last Revised: 20 Jul 2022

Jerry A. Hausman, Haoyang Liu, Ye Luo and Christopher Palmer

Massachusetts Institute of Technology (MIT) - Department of Economics, Federal Reserve Bank of New York, Faculty of Business and Economics, The University of Hong Kong and MIT Sloan

Downloads 16 (733,632)

Abstract:

9.

Are Stated Expectations Actual Beliefs? New Evidence for the Beliefs Channel of Investment Demand

NBER Working Paper No. w28926

Number of pages: 75 Posted: 21 Jun 2021 Last Revised: 16 Jul 2022

Haoyang Liu and Christopher Palmer

Federal Reserve Bank of New York and MIT Sloan

Downloads 7 (818,543)

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Haoyang Liu

Federal Reserve Bank of New York

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Scholarly Papers (9)

Shadow Bank and Fintech Mortgage Securitization

Abstract:

Asset Pricing with Cohort-Based Trading in MBS Markets

Asset Pricing with Cohort-Based Trading in MBS Markets

Abstract:

Asset Pricing with Cohort-Based Trading in MBS Markets

Abstract:

Dealers and the Dealer of Last Resort: Evidence from MBS Markets in the COVID-19 Crisis

Abstract:

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

Abstract:

Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

Abstract:

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

Abstract:

Defragmenting Markets: Evidence from Agency MBS

Defragmenting Markets: Evidence from Agency MBS

Abstract:

Defragmenting Markets: Evidence from Agency MBS

Abstract:

The Federal Reserve’s Market Functioning Purchases

The Federal Reserve’s Market Functioning Purchases

Abstract:

The Federal Reserve’s Market Functioning Purchases

Abstract:

Errors in the Dependent Variable of Quantile Regression Models

Abstract:

Are Stated Expectations Actual Beliefs? New Evidence for the Beliefs Channel of Investment Demand

Abstract: