Shohini Kundu

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.

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4 Articles

Cube puzzle wooden blocks isolated on white background. Research Brief / Risk Management

Loan Pool Covenants, Meant to Contain Risk, Can Instead Spread It

Forced sale of assets could stretch illiquidity across industries

A gloomy seascape. Research Brief / Corporate Finance

Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools

Known as collateralized loan obligations, their aim is actually to reduce risk

A cityscape at sunset overlaid with a grid of lighted network Research Brief / Banking

Banks Transmit Financial Shocks, Including from Natural Disasters

How a localized flood may result in fewer loans to a far-off community

Illustration of a bridge made out of gears with a red connecting section in the middle Research Brief / Banking

Banks, Freed to Operate Across State Lines, Helped Stabilize the Economy

Lenders financed expansion in some markets, offsetting problems in others