Shohini Kundu
Assistant Professor of Finance
About
Shohini Kundu’s research focuses on financial intermediation, regulation, corporate finance and macroeconomics. Kundu works on questions that aim to investigate the origins of financial fragility, as well as their direct and indirect effects on asset prices, corporate decisions and macroeconomy. Her recent work investigates how covenants, intrinsic to collateralized loan obligation (CLO) indentures, provide a mechanism through which idiosyncratic shocks may amplify to impose negative externalities on other, unrelated firms in CLO portfolios.
Topics
9 Articles
Locally, the Extent of British Rule in India Still Holds Back Economic Opportunity
Areas under direct rule lost the components of human capital
A Quiet Expansion of Deposit Insurance Could Disrupt U.S. Banking
Seen as a backstop to small- and midsized banks, the program, allowing insurance in multiples of $250,000, alters banking’s risk calculus
How Banking’s Bifurcated Deposit Approach Is Altering Lending — and Risk
Offering higher deposit rates lessens emphasis on loans of fixed rate and longer maturity
Why Do Banks With Little Skin in the Game Still Monitor Borrowers?
Tax policy change triggers an incentive for lenders to be more aggressive
Local Banks Provide an Early Warning System on Recessions
When they’re forced to pay up for deposits, it’s a bad sign for area’s economy
Loan Pool Covenants, Meant to Contain Risk, Can Instead Spread It
Forced sale of assets could stretch illiquidity across industries
Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools
Known as collateralized loan obligations, their aim is actually to reduce risk
Banks Transmit Financial Shocks, Including from Natural Disasters
How a localized flood may result in fewer loans to a far-off community
Banks, Freed to Operate Across State Lines, Helped Stabilize the Economy
Lenders financed expansion in some markets, offsetting problems in others