Now showing items 1-4 of 4

    • The choice channel of financial innovation 

      Iachan, Felipe Saraiva; Nenov, Plamen T.; Simsek, Alp
      2018-11-15
      Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice a¤ects investors.savings and asset returns. We establish a choice channel by which greater portfolio choice increases ...
    • Real Estate Market in Developing Countries: Slums and Housing Supply 

      Guedes, Ricardo Brito; Iachan, Felipe Saraiva; Sant'Anna, Marcelo
      2020-06
      We study real estate markets where squatting is tolerated by authorities and a dual (formal and informal) housing market emerge. We develop a housing supply model in which geographical constraints and squatting play distinct ...
    • Real Estate Market in Developing Countries: Slums and Housing Supply: Relatório de Divulgação 

      Guedes, Ricardo Brito; Iachan, Felipe Saraiva; Sant'Anna, Marcelo
      2020-06
      As despesas com aluguel representam uma parcela média de mais de 15 % do consumo total das famílias no Brasil, sendo que essa razão ultrapassa os 20% para famílias com renda inferior a dois salários mínimos (IBGE, 2019 ) ...
    • Risk externalities 

      Iachan, Felipe Saraiva; Silva, Dejanir H.
      2018-09-26
      Current analysis of macro-prudential policy has largely focused on excessive leverage and fire sales, while abstracting from firm-level risk and portfolio decisions. We show that these matter for the design of optimal ...