Research outputs
2026
Haircut, interest rate, and collateral quality in the tri-party repo market: Evidence and theory
Choi, S., Jang, I., Kang, K. -Y., & Kim, H. (2026). Haircut, interest rate, and collateral quality in the tri-party repo market: Evidence and theory. REVIEW OF ECONOMIC DYNAMICS, 61, 29 pages. doi:10.1016/j.red.2026.101351
Payment data, information disclosure, and privacy☆
Kang, K. -Y., & Wang, Z. (2026). Payment data, information disclosure, and privacy☆. JOURNAL OF MONETARY ECONOMICS, 161, 17 pages. doi:10.1016/j.jmoneco.2026.103957
Bubbles with Fraud in Asset Markets
Monetary Policy and Bank Risk-taking under Capital and Liquidity Regulation
When Uncertainty Raises Hiring
2025
Dynamic Adverse Selection and Belief Update in Credit Markets
Jang, I., & Kang, K. -Y. (2025). Dynamic Adverse Selection and Belief Update in Credit Markets. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 60(4), 1994-2025. doi:10.1017/S0022109024000243
Digital Money and Payment Flow Competition
2024
Money, Bitcoin, and Monetary Policy
KANG, K., & LEE, S. (2024). Money, Bitcoin, and Monetary Policy. Journal of money credit and banking, 56(1), 225-256. doi:10.1111/jmcb.12992
Digital currency and privacy
Kang, K. (2024). Digital currency and privacy. Theoretical Economics, 19(1), 131-167. doi:10.3982/te5081
2023
Cryptocurrency and double spending history: transactions with zero confirmation
Kang, K. -Y. (2023). Cryptocurrency and double spending history: transactions with zero confirmation. ECONOMIC THEORY, 75(2), 453-491. doi:10.1007/s00199-021-01411-3
Optimal Design of Credit History Disclosure: Public Mandates vs Open Banking
2021
Adverse selection and costly information acquisition in asset markets
Jang, I., & Kang, K. -Y. (2021). Adverse selection and costly information acquisition in asset markets. JOURNAL OF MATHEMATICAL ECONOMICS, 97, 15 pages. doi:10.1016/j.jmateco.2021.102533
Optimal contract for asset trades: Collateralizing or selling?
Kang, K. -Y. (2021). Optimal contract for asset trades: Collateralizing or selling?. JOURNAL OF FINANCIAL MARKETS, 56, 21 pages. doi:10.1016/j.finmar.2020.100590
2019
Central Bank purchases of private assets: An evaluation
Kang, K. -Y. (2019). Central Bank purchases of private assets: An evaluation. REVIEW OF ECONOMIC DYNAMICS, 31, 326-346. doi:10.1016/j.red.2018.09.001
Collateral Risk, Information Sensitivity, and Default Frictions on Collateralized Debt
Cryptocurrency and Double Spending History: Transactions with Zero Confirmation
2017
Counterfeiting, screening and government policy
Kang, K. -Y. (2017). Counterfeiting, screening and government policy. JOURNAL OF ECONOMIC THEORY, 172, 26-54. doi:10.1016/j.jet.2017.08.002