University of Illinois
Hyejin Park is a doctoral student in Economics at the University of Illinois, Urbana-Champaign. She received her bachelor's degree in economics and public administration from Ewha Womans University in Korea. Her research speciality is the economics of incentives and financial contracts. Her paper published in The Journal of Financial Market Infrastructures on collateral chains, co-authored with her advisor, Charles M. Kahn, is an offshoot of her dissertation on rehypothecation.
Articles by Hyejin Park
Collateral chains and incentives
The authors model the asymmetry between collateral values to the parties in the collateral chain. The paper highlights that collateral reuse can be socially beneficial if the costs of misallocation are not significant.