Browsing by Author "Vanasco, Victoria"

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  • Martin, Alberto; Mayordomo, Sergio; Vanasco, Victoria (2023-12-11)
    Governments often support private credit with guarantee schemes, compensating lenders for borrower defaults. Such schemes often rely on banks to allocate guarantees among borrowers, but how banks do so is not well understood. ...
  • Castells Jauregui, Madalen (Universitat Pompeu Fabra, 2023-05-10)
    This dissertation consists of three chapters centred on safe assets, shedding light on different aspects of the growing literature on the subject. Chapter 1 introduces the set of assets that falls under the safe category, ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (2019-07-05)
    How do macro financial shocks affect investor behavior and market dynamics? Recent evidence on experience effects suggests a long-lasting influence of personally experienced outcomes on investor beliefs and investment but ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (Elsevier, 2020)
    How do macrofinancial shocks affect investor behavior and market dynamics? Recent evidence on experience effects suggests a long-lasting influence of personally experienced outcomes on investor beliefs and investment but ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (2019-12-01)
    We propose a novel explanation for classic international macro puzzles regarding capital flows and portfolio investment, which builds on modern macro-finance models of experience-based belief formation. Individual experiences ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (Elsevier, 2020)
    We propose a novel explanation for classic international macro puzzles regarding capital flows and portfolio investment, which builds on modern macro-finance models of experience-based belief formation. Individual experiences ...
  • Botsch, Matthew; Vanasco, Victoria (2018-03-09)
    This paper studies bank learning through repeated interactions with borrowers from a new per-spective. To understand learning by lending, we adapt a methodology from labor economics to analyze how loan contract terms evolve ...
  • Botsch, Matthew; Vanasco, Victoria (Elsevier, 2019)
    This paper studies bank learning through repeated interactions with borrowers from a new perspective. To understand learning by lending, we adapt a methodology from labor economics to analyze how loan contract terms evolve ...
  • Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico; Vanasco, Victoria (2023-02)
    We show that risk-mitigating incentives dominate risk-shifting incentives in fragile banks. We study security trading by banks, as banks can easily and quickly change their risk exposure within their security portfolio. ...
  • Daley, Brendan; Green, Brett; Vanasco, Victoria (2019-06-20)
    We develop a framework to explore the effect of credit ratings on loan origination and securitization. In the model, banks privately screen and originate loans and then issue securities that are backed by loan cash flows. ...
  • Daley, Brendan; Green, Brett; Vanasco, Victoria (Wiley, 2020)
    We develop a framework to explore the effect of credit ratings on loan origination. We show that ratings endogenously shift the economy from a signaling equilibrium, in which banks inefficiently retain loans to signal ...
  • Asriyan, Vladimir; Vanasco, Victoria (2019-11-01)
    We revisit the classic problem of a seller (e.g. firm) who is privately informed about her asset and needs to raise funds from uninformed buyers (e.g. investors) by issuing securities backed by her asset cash flows. In our ...
  • Asriyan, Vladimir; Vanasco, Victoria (Oxford University Press, 2023)
    We study the problem of a seller (e.g. a bank) who is privately informed about the quality of her asset and wants to exploit gains from trade with uninformed buyers (e.g. investors) by issuing securities backed by her asset ...
  • Asriyan, Vladimir; Foarta, Dana; Vanasco, Victoria (2019-03-20)
    This paper explores the incentives of product designers to complexify products, and the resulting implications for overall product quality. In our model, a consumer can accept or reject a product proposed by a designer, ...
  • Asriyan, Vladimir; Foarta, Dana; Vanasco, Victoria (American Economic Association, 2023)
    We study the joint determination of product quality and complexity. In our model complexity affects how difficult it is for an agent to acquire information about product quality. An agent can accept or reject a product ...
  • Kantorovitch, Ilja (Universitat Pompeu Fabra, 2021-11-08)
    This dissertation consists of three chapters investigating the role of information and beliefs in financial markets and the macroeconomy. In the first chapter, I develop a macroeconomic model in which financial markets ...

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