Archives for UCLOUVAIN

The Impact of Clearing Fees on Market Quality Hans Degryse, KU Leuven This paper aims to provide a more integrated view of market quality by linking the whole value chain in securities transactions: trading and post-trading. We empirically study the impact of post-trade fees, particularly...

Piero Gottardi (European University Institute) will give a presentation on A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation Abstract: This paper characterizes repurchase agreements as equilibrium contracts starting from first principles. We show that...

A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation Piero Gottardi, European University Institute (Joint paper with Vincent Maurin, European University Institute, and Cyril Monnet, University of Bern, SZ Gerzensee & Swiss National Bank) This paper...

Hedonic Recall Bias. Why You Should Not Ask People How Much They Earn Alberto Prati, AMSE (Joint with Claudia Senik) The empirical literature which explores the effect of income on job satisfaction typically uses data drawn from social surveys. In these surveys, the amount of income is...