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

9

DOWNLOADS
Rank 22,248

SSRN RANKINGS

Top 22,248

in Total Papers Downloads

2,114

CITATIONS
Rank 5,533

SSRN RANKINGS

Top 5,533

in Total Papers Citations

148

Scholarly Papers (9)

1.

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 469 (59,674)
Citation 7

Abstract:

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

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 426 (67,110)
Citation 5

Abstract:

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

3.

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 350 (84,486)
Citation 1

Abstract:

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Bayesian portfolio choice, learning from prices, Black-Litterman

4.

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 230 (132,154)
Citation 1

Abstract:

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Regulation, User fees, Funding Regulation, Financial Regulation

5.

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 208 (145,579)
Citation 8

Abstract:

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

6.

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 151 (193,466)
Citation 5

Abstract:

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

7.

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 129 (219,566)
Citation 4

Abstract:

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value of information, informativeness, options prices, recovery

8.
Downloads 124 (226,303)
Citation 13

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 (232,897)
Citation 1

Abstract:

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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 (646,980)

Abstract:

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9.

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 27 (480,137)
Citation 13

Abstract:

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