Tri Vi Dang

                   Research Papers with Policy Implications

	Equity Markets
Market Sentiment and Innovation Activities There are social costs of deflating stock market bubbles			Information Disclosure, Intertemporal Risk Sharing and Stock Prices There is no single firm’s disclosure policy that all investors agree upon
Bureaucrats as Successor CEOs Political connection is a determinant of market valuations of firms			Disruptive Regulation: Theory and Evidence Regulation can cause a panic selloff of stocks by disrupting normal trading behaviors of individual investors
Banking		Firms Households Investors			Funding Markets
Banks as Secret Keepers There are social costs of transparent banks			Information Provision in Over-the-Counter Markets Having debt investors pay for rating services is welfare reducing
Shadow Banking Modes: The Chinese versus US System There are different ways to maintain information insensitivity and stability			Information Acquisition, Noise Trading and Speculation in Double Auction Markets Centralizing markets can reduce welfare
Lending Relationships and the Transmission of Liquidity Shocks: Evidence from a Natural Experiment Banks transmit monetary policy effects to firms			The Taxation of Bilateral Trade with Endogenous Information Transaction tax reduces welfare in debt funding markets
			Ignorance, Debt and Financial Crises Only government can recreate information insensitivity of debt in crises
Insurance Markets				Real Estate Markets
Insurance and the Extensive and Intensity Margin of Moral Hazard: Evidence from China			The Real Estate Game in China: Theory and Test