|MIT Sloan School of Management|
Recent Publications and Working Papers
Liquidity of Corporate Bonds, with J. Bao and J. Pan, 2008.
Asset Pricing and the Credit Market, with F. Longstaff, 2008.
Market Liquidity, Asset Prices and Welfare, with J. Huang,
Asset Prices Under
Short-Sale Constraints, with Y. Bai and E. Chang, 2006.
Policy and Demand/Supply Dynamics, with A. Obizhaeva,
Liquidity and Market Crashes, with J. Huang, Review of Financial Studies, forthcoming, 2008.
Firms as Buyers of
Last Resort: Financing Constraints, Stock Returns and
Liquidity, with H. Hong and J.L. Yu, Journal of
Financial Economics, forthcoming, 2007.