Publications
Dynamic Adverse Selection and Belief Update in Credit Markets, Joint with Inkee Jang Journal of Financial and Quantitative Analysis, Accepted
Digital Currency and Privacy Theoretical Economics, 19, January 2024
Money, Bitcoin, and Monetary Policy Journal of Money, Credit and Banking, 56, February 2024, Joint with Seungduck Lee (Working paper version)
Cryptocurrency and double spending history: transactions with zero confirmation Economic Theory, 75, 2023 (Working paper version)
Adverse selection and costly information acquisition in asset markets Journal of Mathematical Economics, 97, December 2021, Joint with Inkee Jang (Working paper version)
Optimal contract for asset trades: Collateralizing or selling? Journal of Financial Markets, 56, November 2021
Central Bank purchases of private assets: An evaluation Review of Economic Dynamics, 31, 326-346, January 2019 (Working paper version)
Counterfeiting, screening and government policy Journal of Economic Theory, 172, 26-54, November 2017 (Working paper version)
Working Papers
Optimal Information Disclosure in Credit Market: Default History & Transaction History, Joint with Inkee Jang
Search, Infection, and Government Policy, Joint with Xi Wang
Federal Reserve Transparency and Aggregate Trading around FOMC Meeting Days, Joint with Byoungho Choi, Meiyan Jin
Work in Progress
Spread, Haircut, and Collateral Quality: Evidence and Theory, Joint with Sangyup Choi, Inkee Jang, and Hyunpyung Kim (Draft is available upon request)
Bubbles with Fraud in Asset Markets, Joint with Jaevin Park
Effects of Legal Maximum Workweek in Labor Markets with Moral Hazard
A Monetary Model with Wealth Distribution: Mean Field Game in Monetary Economics, Joint with Xi Wang
Publications in Korean
Central Bank Independence and the Expected Path of lnterest Rate Change, Journal of CEO and Management Studies, 25, 193- 209, October 2022, Joint with Byoungho Choi, Inkee Jang (Working paper version)
Effects of the Introduction of Central Bank Digital Currency on Banking Industry and Macroeconomics, Economic Analysis, 28, 119 - 170, December 2022, Joint with Byoungho Choi, Inkee Jang (Working paper version)