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

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

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    • Tel: 314-935-9178
SCHOLARLY PAPERS

12

DOWNLOADS
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Top 15,190

in Total Papers Downloads

3,265

SSRN CITATIONS
Rank 5,276

SSRN RANKINGS

Top 5,276

in Total Papers Citations

93

CROSSREF CITATIONS

112

Scholarly Papers (12)

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1.

The Structure of Economic News

Downloads 886 ( 26,694)

The Structure of Economic News

Number of pages: 53 Posted: 07 Sep 2019 Last Revised: 24 Sep 2019
Leland Bybee, Bryan T. Kelly, Asaf Manela and Dacheng Xiu
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 882 (26,423)

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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: 23 Jan 2020
Leland Bybee, Bryan T. Kelly, Asaf Manela and Dacheng Xiu
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 4 (670,469)
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2.

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 480 (60,364)
Citation 10

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

3.

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 477 (60,814)
Citation 38

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

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 354 (86,665)
Citation 1

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Bayesian portfolio choice, learning from prices, Black-Litterman

5.

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 235 (134,390)
Citation 3

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Regulation, User fees, Funding Regulation, Financial Regulation

6.

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 223 (141,361)
Citation 10

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

7.

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 153 (198,401)
Citation 7

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

8.

Estimating the Value of Information

Number of pages: 83 Posted: 04 Jun 2016 Last Revised: 06 May 2018
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 133 (222,368)
Citation 6

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value of information, informativeness, options prices, recovery

9.

Information Acquisition in Rumor-Based Bank Runs

Downloads 124 (234,627)
Citation 14

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 120 (241,403)
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 (670,469)

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10.

Text Selection

Downloads 114 (249,581)

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 110 (257,328)

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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 (670,469)
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11.

The Partisanship of Financial Regulators

Number of pages: 33 Posted: 14 Nov 2019
Joseph Engelberg, Matthew Henriksson, Asaf Manela and Jared Williams
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 56 (380,388)

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

12.

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 30 (482,037)
Citation 36

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