Showing results 1 - 10 of 16
2024, Paper: "This article surveys the literature on the historical growth and transformation of the U.S. financial sector. The sector expanded rapidly between 1980 until 2006,…
September 30, 2024, Paper: "This paper examines whether regulatory arbitrage can explain the growth of private credit. We show that business development companies (BDCs) — closed-…
Presidential Address: Pension Policy and the Financial System. David Scharfstein, August 24, 2018, Paper, "In this paper, I examine the effect of pension policy on the…
Social Risk, Fiscal Risk, and the Portfolio of Government Program. Samuel Hanson, David Scharfstein, Adi Sunderam, June 2018, Paper, "We develop a model of government portfolio…
Pension Policy and the Financial System. David Scharfstein, May 2018, Paper, "This paper examines the effect of pension policy on the structure of financial systems around…
GE Capital after the Crisis. John Coates, John Dionne, David S. Scharfstein, April 2017, Case, "Keith Sherin, CEO of GE Capital, faced a decision on which hinged billions of…
Market Power in Mortgage Lending and the Transmission of Monetary Policy. David Scharfstein, Adi Sunderam, September 2014, Paper. "We present evidence that high concentration in…
Fiscal Risk and the Portfolio of Government Programs. Samuel G. Hanson, David S. Scharfstein, Adi Sunderam, June 2014, Paper. "This paper proposes a new approach to social cost-…
An Evaluation of Money Market Fund Reform Proposals. Samuel G. Hanson, David S. Scharfstein, Adi Sunderam, May 2014, Paper. "U.S. money market mutual funds (MMFs) are an important…
Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates. David S. Scharfstein, Adi Sunderam, June 2013, Paper. "We present evidence that high concentration in…