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.
Topics
3 Articles
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