Using property transaction and financing data, we document large cross-sectional
differences in how effective houses are as collateral for mortgages. Older and less …

Chapter 7 is the most popular bankruptcy system for US firms and individuals. Chapter 7
professional fees are substantial. Theoretically, high fees might be an unavoidable cost of …

We show that borrowers are highly sensitive to the requirement of posting their homes as
collateral. Using administrative loan application and performance data from the US Federal …

Regulators can leave their government position for a job in a regulated firm. Using granular
payroll data on 22 million federal employees, we uncover the first systematic evidence of …

This study presents a novel approach for identifying bunching in small, noisy data using the
cumulative distribution function (CDF). The proposed approach is based on the observation …

Does emergency credit prevent long-term financial distress? We study the causal effects of
government-provided recovery loans to small businesses following natural disasters. The …

This paper studies whether and how banks' technological innovations affect the bank
lending channel of monetary policy transmission. We first provide a theoretical model in …

Collateral is at the heart of the modern financial system and plays an essential role in
business and financial cycles. Leveraging a unique loan-level data covering a major city in …

This master's thesis investigates bond issues reported by Eikon for public firms in Belgium,
France, and Germany, with a particular focus on the propensity to secure these issues over …