Ruslan Sverchkov

Ruslan Sverchkov

Contact Information

  • office Address:

    2314 Steinberg-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: Corporate Finance, Financial Intermediaries, Decentralized Markets, FinTech

Links: SSRN

Overview

I am a PhD Candidate in Finance at the Wharton School of the University of Pennsylvania. My research interests include corporate finance, financial intermediaries, decentralized markets and fintech.

Education

2014 M.A., Economics, New Economic School

2012 Diploma, Mathematics, Moscow State University

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Research

  • Vincent Glode, Christian Opp, Ruslan Sverchkov (Working), To Pool or Not to Pool? Security Design in OTC Markets.

    Abstract: This paper studies the optimality of pooling and tranching for a privately informed security originator facing buyers endowed with market power (perhaps due to liquidity shortages). Contrary to the standard result that pooling and tranching are optimal practices, we find that selling assets separately may be preferred by originators as it weakens buyers' incentives to inefficiently screen them. Our results can shed light on observed time-variation in the practice of pooling and tranching in financial markets, in particular, the dramatic decline in the size of the ABS market following the most recent financial crisis.

Teaching

Teaching Assistant, The Wharton School, University of Pennsylvania

  • Corporate Finance (FNCE 611, Executive MBA), Prof. Itay Goldstein, 2016, 2017, 2018
  • Advanced Corporate Finance (FNCE 203/726, UG/MBA), Prof. Christian Opp, 2016, 2017, 2018

Teaching Assistant, Moscow State University

  • Introduction to Statistics, 2012