Photo of Yasser Boualam

Yasser Boualam

Research Interests: macro-finance, financial institutions, financial fragility and crises, economic theory

Links: CV, Job Market Paper

Contact Information

Address: 2254 SH-DH, 3620 Locust Walk, Philadelphia, PA 19104
Email: boualam@wharton.upenn.edu
Mobile: 412-304-1847

Overview

I am on the job market and will be available for interviews at the 2015 ASSA meetings in Boston.


Contact Information
Phone: 412-304-1847
Address: 3620 Locust Walk, 2254 Steinberg-Dietrich Hall, Philadelphia, PA 19104
 
Research Interests

Macro-Finance, Financial Institutions, Financial Fragility and Crises, Economic Theory

 

 Bank Lending and Relationship Capital - Job Market Paper 
I develop a general equilibrium theory of bank lending relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and bank-specific uncertainty. The interaction between search and agency frictions generates a slow accumulation of lending relationship capital and distorts the optimal allocation of credit along both intensive and extensive margins. A crisis characterized by a sizable destruction of lending relationships therefore leads to a significant contraction in credit and a sluggish recovery, consistent with the Great Recession.
I calibrate the model to study aggregate and cross-sectional implications and analyze policies aimed at reviving bank lending.
 
 
References
Joel S. Ehrenkranz Family Professor of Finance
The Wharton School
University of Pennsylvania
215-898-7181
Howard Butcher III Professor of Finance
The Wharton School
University of Pennsylvania
215-898-3666
Safra Professor of International Finance and Capital Markets 
The Wharton School
University of Pennsylvania
215-898-4184
Associate Professor
Department of Economics
University of Pennsylvania
215-898-5170
 

 

Research

Research

Conference Presentations

2015: University of North Carolina at Chapel Hill, Rochester, University of Illinois at Urbana-Champaign, Imperial College, Richmond Fed, Yale, Wharton, 5th NYU Search Theory Workshop, 2nd ECB Forum on Central Banking, The Financial Intermediation Research Society Conference 

2014: 14th Trans-Atlantic Doctoral Conference (London Business School), 2014 European Summer Meetings of the Econometric Society (Toulouse), 11th Annual Conference on Corporate Finance (Washington University in St. Louis), Wharton

2013: 2013 American Economic Association Meetings (San Diego), 1st Marshall Ph.D.Conference in Finance (University of Southern California), 2013 EconCon (Columbia University), Wharton
 

  • Yasser Boualam (Draft), Bank Lending and Relationship Capital (Job Market Paper).  Abstract
  • Yasser Boualam (Draft), Bank Dynamics and Credit Market Competition.  Abstract  Related Materials
  • Yasser Boualam, Joao F. Gomes, Colin Ward (Draft), Understanding the Behavior of Distressed Stocks.  Abstract
  • Yasser Boualam (Draft), Inflation, External Default, and the Composition of Sovereign Debt.  Abstract

Awards And Honors

Teaching

 
Teaching Fellowships
  • FNCE 924 - Intertemporal Macro Finance (PhD)                                                                                                                                                                 Professor Pricila Maziero (Spring 2011), Professor Mathieu Taschereau-Dumouchel (Spring 2012/2013/2014)

  • FNCE 393/893 - Global Monetary and Financial Institutions: Theory and Practice (UGD/MBA)                                                                             Professor Zvi Eckstein (Fall 2011)
  • FNCE 962 - Macroeconomics and the Global Economic Environment (MBA)                                                                                                             Professor Ravi Bansal (Spring 2012)