Browsing Congressos / RP by Author "Iachan, Felipe Saraiva"

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    • 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 ...

    • 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 ...