Annual Conference

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International Macroeconomics, Money & Banking

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May 2015

Despite a formal 'no-bailout clause', we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to 43% (Greece) of 2011 output during the recent Eurozone crisis. We propose a model to analyze and un...
Keywords: sovereign debt, Bailouts, Eurozone Crisis
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Annual Conference

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Economic Transformation of Asia

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May 2015

In recent years, the phenomenon of housing vacancy rate (HVR) has attracted considerable attention, especially concerning unjustified expansions of Chinese cities. /e aforementioned trend is disadvantageous in that it will ultimately lead to tremendous wastage of valuable land that could otherwise b...
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Annual Conference

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Blockchain and Cryptocurrency

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May 2021

Suppose that n players want to elect a random leader and they communicate by posting messages to a common broadcast channel. This problem is called leader election, and it is fundamental to the distributed systems and cryptography literature. Recently, it has attracted renewed interests due to its p...
Keywords: cryptographic protocols / game theory, leader election, multi-party computation, extractor, round complexity
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Annual Conference

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Specialty Conference, Senior Fellows/Fellows

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May 2019

Using a unique and proprietary loan-level data from a large Fintech firm in India, we analyze whether unstructured data regarding a consumer’s digital mobile footprint such as the type of mobile phone applications, number of applications on the phone, type of operating software used by a loan appl...
Keywords: FinTech, Loans, Digital Footprint, Credit
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Annual Conference

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Specialty Conference

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May 2019

Do coordination failures constrain financial technology adoption? Exploiting the Mexican government’s rollout of one million debit cards to poor households from 2009–2012, I examine responses on both sides of the market, and find important spillovers and distributional impacts. On the supply sid...
Keywords: Coordination failiures, financial technology, spillovers, Mexico
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