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Information-Based Pricing in Specialized Lending

Blickle, Kristian; He, Zhiguo; Huang, Jing; Parlatore, … - National Bureau of Economic Research - 2024

similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …

Persistent link: https://www.econbiz.de/10014486246

Tech-Driven Intermediation in the Originate-to-Distribute Model

He, Zhiguo; Jiang, Sheila; Xu, Douglas - National Bureau of Economic Research - 2024

This paper develops a general equilibrium model to examine the role of information technology when intermediaries facilitate the origination and distribution of assets given information asymmetry. Information technology measures the informativeness of asset-quality signals received by...

Persistent link: https://www.econbiz.de/10014468252

Investing in Bank Lending Technology : IT Spending in Banking

He, Zhiguo; Jiang, Sheila; Xu, Douglas; Yin, Xiao - National Bureau of Economic Research - 2022

This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks' IT spending to their lending technologies, we analyze the distinctive natures of banks' dealings with information across various lending...

Persistent link: https://www.econbiz.de/10013362057

Balance Sheet Adjustments in the 2008 Crisis

He, Zhiguo - 2010

We measure how securitized assets, including mortgage-backed securities and other asset-backed securities, have shifted across financial institutions over this crisis and how the availability of financing has accommodated such shifts. Sectors dependent on repo financing - in particular, the...

Persistent link: https://www.econbiz.de/10012462732

Information Acquisition in Rumor Based Bank Runs

He, Zhiguo - 2012

We study information acquisition and dynamic withdrawal decisions when a spreading rumor exposes a solvent bank to a … run. Uncertainty about the bank's liquidity and potential failure motivates depositors who hear the rumor to acquire … additional noisy signals. Depositors with less informative signals may wait before gradually running on the bank, leading to an …

Persistent link: https://www.econbiz.de/10012460148