Asaf Manela

Washington University in St. Louis - John M. Olin Business School

Assistant Professor of Finance

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

http://apps.olin.wustl.edu/faculty/manela

SCHOLARLY PAPERS

14

DOWNLOADS
Rank 11,367

SSRN RANKINGS

Top 11,367

in Total Papers Downloads

4,630

SSRN CITATIONS
Rank 4,461

SSRN RANKINGS

Top 4,461

in Total Papers Citations

164

CROSSREF CITATIONS

117

Scholarly Papers (14)

1.
Downloads 1,586 ( 12,161)
Citation 2

The Structure of Economic News

Number of pages: 54 Posted: 07 Sep 2019 Last Revised: 10 Jun 2020
Yale School of Management, Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Chicago - Booth School of Business
Downloads 1,572 (12,107)

Abstract:

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Textual analysis, macroeconomic news, attention, Wall Street Journal, volatility, VAR, machine learning

The Structure of Economic News

NBER Working Paper No. w26648
Number of pages: 55 Posted: 22 Jan 2020 Last Revised: 12 Feb 2020
Yale School of Management, Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Chicago - Booth School of Business
Downloads 14 (641,217)
Citation 2
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2.

News Implied Volatility and Disaster Concerns

Journal of Financial Economics (JFE), Vol. 123, No. 1, 2017
Number of pages: 63 Posted: 21 Jan 2014 Last Revised: 10 Jan 2017
Asaf Manela and Alan Moreira
Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 548 (55,709)
Citation 49

Abstract:

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Text-based analysis, implied volatility, rare disasters, equity premium, return predictability, machine learning

3.

The Shadow Cost of Bank Capital Requirements

Review of Financial Studies, Forthcoming
Number of pages: 53 Posted: 19 Jun 2013 Last Revised: 24 Feb 2016
Roni Kisin and Asaf Manela
Analysis Group and Washington University in St. Louis - John M. Olin Business School
Downloads 499 (62,706)
Citation 19

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Financial intermediation, Bank capital requirements, Cost of capital regulation, Leverage, Regulatory Arbitrage, Loophole

4.

An Empirical Evaluation of the Black-Litterman Approach to Portfolio Choice

Number of pages: 37 Posted: 12 Mar 2011 Last Revised: 26 Oct 2012
Michael Gofman and Asaf Manela
Simon School of Business and Washington University in St. Louis - John M. Olin Business School
Downloads 370 (89,597)
Citation 1

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Bayesian portfolio choice, learning from prices, Black-Litterman

5.
Downloads 290 (117,406)
Citation 1

Text Selection

Number of pages: 57 Posted: 10 Dec 2019
Bryan T. Kelly, Asaf Manela and Alan Moreira
Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 286 (118,436)
Citation 1

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Text analysis, machine learning, selection model, high dimension forecast, multinomial regression, hurdle, zero inflation, partisanship, intermediary capital

Text Selection

NBER Working Paper No. w26517
Number of pages: 58 Posted: 03 Dec 2019
Bryan T. Kelly, Asaf Manela and Alan Moreira
Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 4 (720,451)
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6.

Funding and Incentives of Regulators: Evidence from Banking

Number of pages: 62 Posted: 20 Nov 2014 Last Revised: 28 Nov 2018
Roni Kisin and Asaf Manela
Analysis Group and Washington University in St. Louis - John M. Olin Business School
Downloads 249 (137,477)
Citation 3

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Regulation, User fees, Funding Regulation, Financial Regulation

7.

Hub-and-Spoke Regulation and Bank Leverage

Number of pages: 51 Posted: 25 Oct 2017
Yadav Gopalan, Ankit Kalda and Asaf Manela
Indiana University - Kelley School of Business - Department of Accounting, Indiana University - Kelley School of Business - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 245 (139,766)
Citation 12

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hub-and-spoke, financial regulation, bank supervision, field offices, distance, proximity, regulatory capture

8.

The Value of Diffusing Information

Journal of Financial Economics (JFE), Vol. 111, No. 1, 2014
Number of pages: 43 Posted: 18 Nov 2008 Last Revised: 21 Jan 2014
Asaf Manela
Washington University in St. Louis - John M. Olin Business School
Downloads 161 (205,178)
Citation 9

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Value of information, Information diffusion, Percolation, Media coverage, Drug approvals

9.

Does Finance Benefit Society? A Language Embedding Approach

Number of pages: 55 Posted: 03 Aug 2020 Last Revised: 16 Sep 2020
Manish Jha, Hongyi Liu and Asaf Manela
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - Department of Economics and Washington University in St. Louis - John M. Olin Business School
Downloads 152 (215,304)

Abstract:

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sentiment, natural disasters, text analysis, word embedding, COVID-19

10.

Estimating the Value of Information

Number of pages: 83 Posted: 04 Jun 2016 Last Revised: 09 Jul 2020
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 147 (221,313)
Citation 9

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value of information, informativeness, options prices, recovery

11.

The Partisanship of Financial Regulators

Number of pages: 33 Posted: 14 Nov 2019
University of California, San Diego (UCSD) - Rady School of Management, University of South Florida Muma College of Business, Washington University in St. Louis - John M. Olin Business School and University of South Florida
Downloads 139 (231,412)

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Partisanship, Federal Reserve, Security and Exchange Commission, Textual Analysis

12.
Downloads 129 (245,378)
Citation 19

Information Acquisition in Rumor-Based Bank Runs

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 02 Sep 2011 Last Revised: 21 Jan 2014
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 125 (252,237)
Citation 1

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Bank runs, learning, information acquisition, belief heterogeneity, asynchronous awareness, temporal coordination, stress tests

Information Acquisition in Rumor Based Bank Runs

NBER Working Paper No. w18513
Number of pages: 55 Posted: 03 Nov 2012
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 4 (720,451)
Citation 5

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13.

Liquidity and the Strategic Value of Information

Number of pages: 41 Posted: 09 Jul 2020
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 65 (379,472)

Abstract:

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value of information, liquidity, strategic trading, COVID-19

14.

Intermediary Asset Pricing: New Evidence from Many Asset Classes

NBER Working Paper No. w21920
Number of pages: 69 Posted: 25 Jan 2016 Last Revised: 03 Feb 2016
Zhiguo He, Bryan T. Kelly and Asaf Manela
University of Chicago - Finance, Yale SOM and Washington University in St. Louis - John M. Olin Business School
Downloads 50 (429,765)
Citation 75

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