SaMMF OTC Markets Workshop

Friday, December 3, 2021

The Search and Matching in Macro and Finance (SAMMF) group was pleased to host the OTC Markets Virtual Workshop.

Workshop Theme

The workshop fosters discussion and research on OTC financial markets. We invite theoretical and empirical papers on the following topics (but not limited to): the design of markets and securities, networks and trading relationships, information design and disclosure, the industrial organization of financial intermediaries, search theory, financial contracting, and the intersection of these topics with macroeconomics, asset pricing, and corporate finance.

Program

10:00-11:00 am EST

• Patrick Coen (Toulouse School of Economics) presenting “A Structural Model of Interbank Network Formation and Contagion“, joint with Jamie Coen
  • Discussant: Yinan Su (Johns Hopkins Carey)

11:00-12:00 pm EST

• Norman Schürhoff (Lausanne) presenting “All-to-All Liquidity in Corporate Bonds,” joint with Terry Hendershott and Dmitry Livdan
  • Discussant: Pierre-Olivier Weill (UCLA)

12:00-12:30 pm EST – Coffee Break

12:30-1:30 pm EST

• Giulia Brancaccio (NYU Stern) presenting “Search Frictions and Product Design in the Municipal Bond Market,” joint with Karam Kang
  • Discussant: Burton Hollifield (Carnegie Mellon Tepper)

1:30-2:30 pm EST

• Michael Choi (UC Irvine) presenting “Foundations of Market Power,” with Guillaume Rocheteau
  • Discussant: Ariel Zetlin-Jones (Carnegie Mellon Tepper)

Organizers

Zach Bethune, Briana Chang, Lucas Herrenbrueck, Batchimeg Sambalaibat, Bruno Sultanum, Semih Uslu, Milena Wittwer, Shengxing Zhang