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    • COVID-19 Business Impact Center
      COVID-19 Business Impact Center
      Cold Call
      A podcast featuring faculty discussing cases they've written and the lessons they impart.
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      • 19 Jan 2021
      • Cold Call Podcast

      Engaging Community to Create Proactive, Equitable Public Safety

      Saint Paul, Minnesota Mayor Melvin Carter swept into office in 2018 promising equity. He wanted a new public safety framework that would be rooted in community. Then, with the COVID-19 pandemic wiping out much of the city’s budget and the May 2020 killing of George Floyd by a police officer in neighboring Minneapolis sparking calls to defund the police, how would Mayor Carter make these changes happen? Professor Mitch Weiss discusses the challenges and rewards of “possibility government” in his case, "Community-First Public Safety."  Open for comment; 0 Comment(s) posted.

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      Financial LiquidityRemove Financial Liquidity →

      Page 1 of 4 Results
      • 19 Oct 2020
      • Working Paper Summaries

      Bankruptcy and the COVID-19 Crisis

      by Jialan Wang, Jeyul Yang, Benjamin Iverson, and Ray Kluender

      Analyzing the impact of the COVID-19 crisis on bankruptcy filing rates in the United States, this study finds that large businesses, small businesses, and consumers experience very different effects of the crisis.

      • 29 Jun 2020
      • Working Paper Summaries

      Measuring the Perceived Liquidity of the Corporate Bond Market

      by Sergey Chernenko and Adi Sunderam

      The liquidity of corporate bond markets is crucial to their functioning. This paper proposes a novel measure of bond market liquidity based on portfolio holdings instead of transaction data. The measure can be applied to asset-backed securities, syndicated loans, and municipal securities for which publicly available data on transactions are not available.

      • 19 Sep 2017
      • Working Paper Summaries

      An Invitation to Market Design

      by Scott Duke Kominers, Alexander Teytelboym, and Vincent P. Crawford

      Effective market design can improve liquidity, efficiency, and equity in markets. This paper illustrates best practices in market design through three examples: the design of medical residency matching programs, a scrip system to allocate food donations to food banks, and the recent “Incentive Auction” that reallocated wireless spectrum from television broadcasters to telecoms.

      • 15 Aug 2016
      • Working Paper Summaries

      Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

      by Sergey Chernenko and Adi Sunderam

      A key function of many financial intermediaries is liquidity transformation: creating liquid claims backed by illiquid assets. To date it has been difficult to measure liquidity transformation for asset managers. The study proposes a novel measure of liquidity transformation: funds’ cash management strategies. The study validates the measure and shows that liquidity transformation by asset managers is highly dependent on the traditional and shadow banking sectors.

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