Haoyang Liu

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street

PO Box 655906

Dallas, TX 75265-5906

United States

SCHOLARLY PAPERS

10

DOWNLOADS

1,419

SSRN CITATIONS
Rank 24,821

SSRN RANKINGS

Top 24,821

in Total Papers Citations

40

CROSSREF CITATIONS

3

Scholarly Papers (10)

1.

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 Banks - Federal Reserve Bank of Dallas and Johns Hopkins University - Carey Business School
Downloads 330 (153,132)

Abstract:

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Agency MBS, Bank, Fintech, Liquidity, Securitization, Shadow Bank

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, City University of New York (CUNY) - Department of Real Estate, Federal Reserve Banks - Federal Reserve Bank of Dallas and Johns Hopkins University - Carey Business School
Downloads 209 (241,563)
Citation 2

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Cohort, Heterogeneity, Liquidity, MBS, Prepayment, TBA

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, City University of New York (CUNY) - Department of Real Estate, Federal Reserve Banks - Federal Reserve Bank of Dallas and Johns Hopkins University - Carey Business School
Downloads 67 (560,568)

Abstract:

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cohort, heterogeneity, liquidity, MBS, prepayment, TBA

3.

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

FRB of New York Staff Report No. 933, Rev. July 2023
Number of pages: 37 Posted: 21 Jul 2020 Last Revised: 13 Jul 2023
University of Hawaii, Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of New York and Johns Hopkins University - Carey Business School
Downloads 203 (247,568)
Citation 7

Abstract:

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arbitrage, cash, dealer, liquidity, MBS, specified pool, TBA

4.

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

forthcoming Review of Financial Studies
Number of pages: 74 Posted: 16 Nov 2021 Last Revised: 31 Dec 2022
Haoyang Liu, Rodney Ramcharan and Dean Parker
Federal Reserve Banks - Federal Reserve Bank of Dallas, University of Southern California, Marshall School of Business and New York University (NYU) - Department of Finance
Downloads 185 (269,272)

Abstract:

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monetary policy, liqudity, refinancing, small businesses

5.
Downloads 124 (372,997)
Citation 3

The Federal Reserve’s Market Functioning Purchases

FRB of New York Staff Report No. 998
Number of pages: 38 Posted: 27 Dec 2021
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Dallas, affiliation not provided to SSRN and Harbor Capital Advisors, Inc.
Downloads 65 (569,801)
Citation 2

Abstract:

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Federal Reserve, asset purchases, Treasury securities, agency mortgage-backed securities, COVID-19

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
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Dallas, affiliation not provided to SSRN and Harbor Capital Advisors, Inc.
Downloads 59 (598,838)
Citation 4

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Federal Reserve, asset purchases, Treasury securities, agency mortgage-backed securities, COVID-19

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
University of Georgia, Structured Finance Association, Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 73 (534,166)
Citation 1

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mortgages, subprime, house prices, credit scores, housing boom

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
University of Georgia, affiliation not provided to SSRN, affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 34 (764,088)

Abstract:

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mortgages, subprime, house prices, credit scores, housing boom

7.
Downloads 97 (444,103)
Citation 3

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 Banks - Federal Reserve Bank of Dallas, Johns Hopkins University - Carey Business School and Federal Reserve Bank of Philadelphia
Downloads 78 (513,654)
Citation 1

Abstract:

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MBS, TBA, Single Security Initiative, UMBS, liquidity

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 Banks - Federal Reserve Bank of Dallas, Johns Hopkins University - Carey Business School and Federal Reserve Bank of Philadelphia
Downloads 19 (887,043)
Citation 4

Abstract:

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8.

Social Learning and Sentiment Contagion in the Bitcoin Market

Number of pages: 63 Posted: 20 Aug 2023
Bing Han, Haoyang Liu and Pengfei Sui
University of Toronto, Federal Reserve Banks - Federal Reserve Bank of Dallas and The Chinese University of Hong Kong, Shenzhen
Downloads 50 (658,104)

Abstract:

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Social Finance, Sentiment Contagion, Bubbles, Bitcoin

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 2023
Haoyang Liu and Christopher Palmer
Federal Reserve Banks - Federal Reserve Bank of Dallas and MIT Sloan
Downloads 24 (813,981)
Citation 3

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10.

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 2023
Massachusetts Institute of Technology (MIT) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Dallas, Faculty of Business and Economics, The University of Hong Kong and MIT Sloan
Downloads 23 (822,669)

Abstract:

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