Jiakai Chen | 陈嘉锴

Jiakai Chen | 陈嘉锴

First Hawaiian Bank Distinguished Professor
Associate Professor of Finance

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A list of all the posts and pages found on the site. For you robots out there, there is an XML version available for digesting as well.

Pages

Posts

publications

Modeling of Mortgage Defaults

The Journal of Fixed Income, 2008

Recommended citation: Chen, J., L. S. Hayre, M. Saraf, and R. Young (2008). "Modeling of Mortgage Defaults." The Journal of Fixed Income, 17(4), 6-30.
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MBS Market Dysfunctions in the Time of COVID-19

Liberty Street Economics, 2020

Recommended citation: Chen, J., H. Liu, D. Rubio, A. Sarkar, and Z. Song (2020). "MBS Market Dysfunctions in the Time of COVID-19." Liberty Street Economics, Federal Reserve Bank of New York, July 2020.
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Did Dealers Fail to Make Markets during the Pandemic?

Liberty Street Economics, 2021

Recommended citation: Chen, J., H. Liu, D. Rubio, A. Sarkar, and Z. Song (2021). "Did Dealers Fail to Make Markets during the Pandemic?" Liberty Street Economics, Federal Reserve Bank of New York, March 2021.
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Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks

Journal of Financial Economics, 2021

Recommended citation: Chen, J., J. Kim, and S. G. Rhee (2021). "Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks." Journal of Financial Economics, 140(2), 484-513.
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LIBOR’s Poker

Journal of Financial Markets, 2021

Recommended citation: Chen, J. (2021). "LIBOR’s Poker." Journal of Financial Markets, 55, 100586.
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Market Discipline and Regulatory Arbitrage: Evidence from Asset-backed Commercial Paper

Journal of Banking and Finance, 2022

Recommended citation: Chen, J. (2022). "Market Discipline and Regulatory Arbitrage: Evidence from Asset-backed Commercial Paper." Journal of Banking and Finance, 145, 106656.
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Peer-to-Peer Lending: Shift of Pricing Regime and Changes in Risk Sensitivity

Journal of Banking and Finance, 2025

Recommended citation: Chen, J., W. Huang, and X. E. Wang (2025). "Peer-to-Peer Lending: Shift of Pricing Regime and Changes in Risk Sensitivity." Journal of Banking and Finance, 176, 107459.
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Does Analyst Reputation Matter For Firm Value? Evidence from Corporate Fraud Revelation

With Joonho Kim (Univ. of Hawaii at Manoa) and Boochun Jung (Univ. of Hawaii at Manoa).

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Slowed-Down Capital: Using Bitcoin to Avoid Capital Controls

With Asani Sarkar (New York Fed).

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Ambiguity, Market Underreaction, and Post-Earnings Announcement Drifts

With Qianqiu Liu (Univ. of Hawaii at Manoa), Xiaobo Liang (Univ. of Nevada, Las Vegas), and S. Ghon Rhee (Univ. of Hawaii at Manoa).

The Writing on the Maturity Wall: Commercial Real Estate Performance and Rollover Risk

With Yifan Chen (Univ. of Hawaii at Manoa).

Credit Union Expansions: A Fork in the Road for Local Banks?

With Rodney Ramcharan (Univ. of Southern California), Teng Wang (Federal Reserve Board), and Tim Zhang (Univ. of Texas at San Antonio).

Dealers and the Dealer of Last Resort: Evidence from MBS Markets in the COVID-19 Crisis

With Haoyang Liu (Dallas Fed), Asani Sarkar (New York Fed), and Zhaogang Song (Johns Hopkins Univ.). Revise and resubmit, Journal of Financial and Quantitative Analysis.

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Banks Behave Badly

With Christine Parlour (UC Berkeley) and Uday Rajan (Univ. of Michigan). Presented at Rice, George Mason, UW Madison, and FMA (Keynote). Updated draft coming soon.

Loan Extensions in CMBS

With Sean Flynn Jr. (Cornell Univ.) and Alexei Tchistyi (Cornell Univ.).

teaching