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这是“金融学前沿论文速递”第 1455 篇推送 编辑:李雨 审核:魏启帆 仅用于学术交流,原文版权归原作者和原发刊所有 目录 Block trade contracting From Man vs. Machine to Man + Machine: The art and AI of stock analyses Inflation and Disintermediation Disclosing and cooling-off: An analysis of insider trading rules The credit supply channel of monetary policy tightening and its distributional impacts Racial disparities in the Paycheck Protection Program The cross-border effects of bank capital regulation 1 Block trade contracting 原刊和作者: Journal of Financial Economics 2024年10月 Markus Baldauf (University of British Columbia) Christoph Frei ( University of Alberta) Joshua Mollner (Northwestern University) Abstract We study the optimal execution problem in a principal–agent setting. A client contracts to purchase from a dealer. The dealer hedges, buying from the market, creating temporary and permanent price impact. The cli
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