Kyoung Jin Choi

University of Calgary - Haskayne School of Business

Dr

2500 University Drive, NW

Calgary, Alberta T2N 1N4

Canada

http://sites.google.com/site/kyoungjinchoiecon/

SCHOLARLY PAPERS

26

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4,337

SSRN CITATIONS
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Top 14,489

in Total Papers Citations

20

CROSSREF CITATIONS

59

Scholarly Papers (26)

1.

Bitcoin Microstructure and the Kimchi Premium

Number of pages: 40 Posted: 18 Jun 2018 Last Revised: 05 Jan 2022
Kyoung Jin Choi, Alfred Lehar and Ryan Stauffer
University of Calgary - Haskayne School of Business, University of Calgary - Haskayne School of Business and Bucknell University - Freeman College of Management
Downloads 721 (52,727)
Citation 11

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Bitcoin, Limits to Arbitrage, Cryptocurrencies, Fintech

2.

A Proposal for a Canadian CBDC

Number of pages: 39 Posted: 18 Feb 2021
University of Calgary - Haskayne School of Business, University of Calgary - Department of Computer Science, University of Calgary - Haskayne School of Business, University of Calgary - Department of Computer Science and University of Calgary - Department of Computer Science
Downloads 388 (113,111)
Citation 3

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Optimal Portfolio, Consumption-Leisure and Retirement Choice Problem with Ces Utility

Number of pages: 40 Posted: 29 Aug 2006
Kyoung Jin Choi, Gyoocheol Shim and Yong Hyun Shin
University of Calgary - Haskayne School of Business, Bank of Korea and Department of Mathematics, Sookmyung Women's University
Downloads 383 (113,587)

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Consumption, leisure, portfolio selection, retirement, CES utility, labor income

Optimal Portfolio, Consumption-Leisure and Retirement Choice Problem with CES Utility

Mathematical Finance, Vol. 18, Issue 3, pp. 445-472, July 2008
Number of pages: 28 Posted: 16 Jun 2008
Kyoung Jin Choi, Gyoocheol Shim and Yong Hyun Shin
University of Calgary - Haskayne School of Business, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Department of Mathematics, Sookmyung Women's University
Downloads 5 (921,144)
Citation 4

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4.

Optimal Consumption and Investment under Time-Varying Liquidity Constraints

Journal of Financial and Quantitative Analysis (JFQA), Volume 54, Issue 4, August 2019, pp. 1643 - 1681
Number of pages: 48 Posted: 08 Jan 2014 Last Revised: 22 Jul 2022
Seryoong Ahn, Kyoung Jin Choi and Byung Hwa Lim
POSTECH, University of Calgary - Haskayne School of Business and SKK Business School, Department of Fintech, Sungkyunkwan University
Downloads 355 (124,552)
Citation 4

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Time-Varying Liquidity Constraints, Stochastic Borrowing Constraints, Debt-to-Income Ratio, Loan-to-Value Ratio, Consumption-Investment, Portfolio Selection, Martingale Method, Liquidity Constraints.

Endogenous Credit, Business Cycle, and Portfolio Selection

Number of pages: 31 Posted: 06 Feb 2015 Last Revised: 06 Sep 2022
Kyoung Jin Choi, Hyeng Keun Koo, Byung Hwa Lim and Jane Yoo
University of Calgary - Haskayne School of Business, Ajou University - Department of Business Administration, SKK Business School, Department of Fintech, Sungkyunkwan University and Ajou University - School of Business
Downloads 286 (155,615)

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Endogenous Credit, Limited Commitment, Business Cycle, Consumption and Portfolio selection, Regime switching

Limited Commitment, Business Cycle, and Portfolio Selection

Number of pages: 60 Posted: 26 Sep 2018
Kyoung Jin Choi, Hyeng Keun Koo, Byung Hwa Lim and Jane Yoo
University of Calgary - Haskayne School of Business, Ajou University - Department of Business Administration, SKK Business School, Department of Fintech, Sungkyunkwan University and Ajou University - School of Business
Downloads 44 (590,078)
Citation 2

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Consumption and investment, Endogenous Credit, Portfolio selection, Regime switching, Unsecured borrowing

6.

The Impact of Firm Size on Dynamic Incentives and Investment

RAND Journal of Economics, Forthcoming
Number of pages: 50 Posted: 24 Sep 2011 Last Revised: 28 Feb 2019
Chang Koo Chi and Kyoung Jin Choi
Yonsei university and University of Calgary - Haskayne School of Business
Downloads 242 (184,874)
Citation 2

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Time-Varying Firm Size, Size-Dependence Regularity, Firm Size Effect, Dynamic Moral Hazard, Investment

7.

Decision Horizon and Idiosyncratic Risk

Number of pages: 61 Posted: 07 Dec 2013 Last Revised: 30 May 2020
Kyoung Jin Choi, Minsuk Kwak, Gyoocheol Shim and Wei Wei
University of Calgary - Haskayne School of Business, Department of Mathematics, Hankuk University of Foreign Studies, Ajou University - Department of Financial Engineering and University of Oklahoma
Downloads 225 (198,172)

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Real options, Decision horizon, Idiosyncratic volatility, Project selection, Firm investments, Incomplete markets

8.

Decentralization of Information Production

Number of pages: 53 Posted: 12 Feb 2021 Last Revised: 01 Nov 2022
Kyoung Jin Choi and Jaevin Park
University of Calgary - Haskayne School of Business and University of Mississippi - Department of Economics
Downloads 195 (225,952)
Citation 1

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Blockchain, Decentralization, Coordination Failure, Moral Hazard, Negative Externality, Intermediary funding problems

9.

Time Preference and Real Investment

Journal of Economic Dynamics and Control, Vol. 83, 2017
Number of pages: 46 Posted: 30 Jan 2014 Last Revised: 28 Feb 2019
Kyoung Jin Choi, Minsuk Kwak and Gyoocheol Shim
University of Calgary - Haskayne School of Business, Department of Mathematics, Hankuk University of Foreign Studies and Ajou University - Department of Financial Engineering
Downloads 183 (238,965)
Citation 1

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time preference, risk attitude, wealth effect, real option, idiosyncratic risk

10.

A Simple Asset Pricing Model with Heterogeneous Agents, Uninsurable Labor Income and Limited Stock Market Participation

Journal of Banking and Finance, Vol. 55, 2015
Number of pages: 25 Posted: 11 Jan 2014 Last Revised: 22 Sep 2016
Seryoong Ahn, Kyoung Jin Choi and Hyeng Keun Koo
Korea Housing Finance Corporation, University of Calgary - Haskayne School of Business and Ajou University
Downloads 161 (266,295)
Citation 1

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asset pricing, general equilibrium, equity premium, uninsurable labor income, limited stock market participation, heterogeneous preference

11.

Mirrlees Meets Modigliani-Miller: Double Taxation and Capital Structure

Number of pages: 43 Posted: 25 Sep 2011 Last Revised: 21 Oct 2012
Kyoung Jin Choi
University of Calgary - Haskayne School of Business
Downloads 143 (293,099)
Citation 1

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Corporate Income Tax, Double Taxation, Capital Structure, Mirrlees Taxation, Capital Tax, Debt and Equity

12.

Intertemporal Preference with Loss Aversion: Consumption and Risk Attitude

Journal of Economic Theory, Forthcoming
Number of pages: 62 Posted: 23 Oct 2019 Last Revised: 15 Nov 2021
Kyoung Jin Choi, Junkee Jeon and Hyeng Keun Koo
University of Calgary - Haskayne School of Business, Kyung Hee University - Department of Applied Mathematics and Ajou University - Department of Business Administration
Downloads 141 (296,397)

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consumption irreversibility, intertemporal loss aversion, excess sensitivity and smoothness, asymmetric sensitivities, consumption heterogeneity, U-shaped risky share

13.

The role of housing net worth in determining household credit limits

Number of pages: 38 Posted: 08 Sep 2015 Last Revised: 10 Nov 2021
Kyoung Jin Choi, Hyeng Keun Koo, Byung Hwa Lim and Jane Yoo
University of Calgary - Haskayne School of Business, Ajou University - Department of Business Administration, SKK Business School, Department of Fintech, Sungkyunkwan University and Ajou University - School of Business
Downloads 138 (301,423)
Citation 5

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Unsecured Credit limit, Net worth, Income, Willingness to repay, Housing net worth, Endogeneity, Instrumental Variable

14.

Asset Pricing with Consumption Frictions

Number of pages: 44 Posted: 08 Nov 2019 Last Revised: 28 Jun 2021
Kyoung Jin Choi, Junkee Jeon and Hyeng Keun Koo
University of Calgary - Haskayne School of Business, Kyung Hee University - Department of Applied Mathematics and Ajou University - Department of Business Administration
Downloads 126 (322,823)
Citation 2

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Frictional Consumption, Adjustable Consumption, Asset Pricing, Habit Model, Intertemporal Loss Aversion, Hansen-Scheinkman Decomposition

15.

What Doesn’t Kill You Makes You Riskier: The Impacts of CBDC on Banking Stability

Number of pages: 27 Posted: 09 Aug 2022 Last Revised: 14 Oct 2022
Kyoung Jin Choi and Keeyoung Rhee
University of Calgary - Haskayne School of Business and Pohang University of Science and Technology (POSTECH)
Downloads 107 (362,186)

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CBDC, fintech, banks’ risk-taking, financial stability, moral hazard

16.

Optimal Long-term Contracts with Disability Insurance under Limited Commitment

Insurance: Mathematics and Economics, Forthcoming
Number of pages: 48 Posted: 18 Jul 2019 Last Revised: 24 Feb 2022
Kyoung Jin Choi, Junkee Jeon, Ho-Seok Lee and Hsuan-Chih Lin
University of Calgary - Haskayne School of Business, Kyung Hee University - Department of Applied Mathematics, Kwangwoon University - Department of Mathematics and Academia Sinica - Institute of Economics
Downloads 100 (378,851)

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Disability Insurance, Limited Commitment, Truth-telling, Dynamic Contracting, Incentives

17.

Intertemporal Preference with Loss Aversion: Aggregate Consumption and Asset Management

Number of pages: 28 Posted: 12 Jun 2019 Last Revised: 13 Jan 2020
Kyoung Jin Choi, Junkee Jeon and Hyeng Keun Koo
University of Calgary - Haskayne School of Business, Kyung Hee University - Department of Applied Mathematics and Ajou University - Department of Business Administration
Downloads 91 (402,160)

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Consumption irreversibility, intertemporal loss aversion, consumption autocorrelation, asset management, durable good, multiple goods

18.

When Does Limited Commitment Matter in a Production Economy?

Number of pages: 34 Posted: 07 Jan 2014 Last Revised: 03 Jun 2018
Kyoung Jin Choi and Jungho Lee
University of Calgary - Haskayne School of Business and Singapore Management University - School of Economics
Downloads 83 (425,316)

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Limited Commitment, Enforcement Constraints, First Best Allocation, Production Economy

19.

Valuing Real Options with Endogenous Payoff

Number of pages: 35 Posted: 18 Aug 2021 Last Revised: 23 Mar 2022
Kyoung Jin Choi and Minsuk Kwak
University of Calgary - Haskayne School of Business and Department of Mathematics, Hankuk University of Foreign Studies
Downloads 54 (530,878)

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real options, scale-dependent payoff, risk management, speculative usage of derivatives, risk-return trade-off

20.

Performance Measurement in Agency Models

NHH Dept. of Economics Discussion Paper No. 5/2019
Number of pages: 28 Posted: 28 Feb 2019
Chang-Koo Chi and Kyoung Jin Choi
Norwegian School of Economics (NHH) - Department of Economics and University of Calgary - Haskayne School of Business
Downloads 51 (544,345)

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agency problems, performance measurement, informativeness criterion, signal orderings

21.

Consumption Heterogeneity, Business Cycle, and Asset Pricing

Number of pages: 52 Posted: 25 Jul 2022
Kyoung Jin Choi, Junkee Jeon and Hyeng Keun Koo
University of Calgary - Haskayne School of Business, Kyung Hee University - Department of Applied Mathematics and Ajou University - Department of Business Administration
Downloads 33 (640,366)

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Consumption Heterogeneity, Consumption-wealth Ratio, Time-varying Risk Aversion, Predictability, Risk-Return, Sharpe Ratio, Intertemporal Loss Aversion,

22.

A Dual Appraoch to Agency Problems: Existence

Number of pages: 29 Posted: 13 Jun 2022
Chang Koo Chi and Kyoung Jin Choi
Yonsei university and University of Calgary - Haskayne School of Business
Downloads 29 (666,991)

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Existence, moral hazard, principal-agent models, Lagrange duality

23.

Disutility, Optimal Retirement, and Portfolio Selection

Mathematical Finance, Vol. 16, No. 2, pp. 443-467, April 2006
Number of pages: 25 Posted: 08 May 2006
Kyoung Jin Choi and Gyoocheol Shim
University of Calgary - Haskayne School of Business and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 22 (720,077)
Citation 4

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24.

Labor-Leisure Choices in the Long Run: Is YOLO Sustainable?

Number of pages: 45
Kyoung Jin Choi, Minsuk Kwak and Byung Hwa Lim
University of Calgary - Haskayne School of Business, Department of Mathematics, Hankuk University of Foreign Studies and SKK Business School, Department of Fintech, Sungkyunkwan University
Downloads 15

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YOLO, labor-leisure choice, recursive utility, sustainable policies, free boundary value problems

25.

보험업 시스템 리스크 가능성 및 부실 보험회사 정리제도 연구 (A Study on Systemic Risks in Insurance Sectors and Resolution Schemes of Insolvent Insurance Firms)

KDI Research Monograph 2018-05(Kor)
Number of pages: 130 Posted: 17 Jan 2020
Keeyoung Rhee and Kyoung Jin Choi
Pohang University of Science and Technology (POSTECH) and University of Calgary - Haskayne School of Business
Downloads 10 (830,676)

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26.

A Dual Approach to Agency Problems: Existence

Number of pages: 29 Posted: 21 Jun 2022
Chang Koo Chi and Kyoung Jin Choi
Yonsei university and University of Calgary - Haskayne School of Business
Downloads 6 (874,284)

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D82, D86