About Briana
Her primary research interests are in financial intermediation and market microstructure. In particular, she studies the role of intermediaries and analyzes how frictions (e.g., asymmetric information, agency problem, and search friction) affect prices and market liquidity.
Selected Published Journal Articles
Chang, B. & Gomez, M. & Hong, h. (2023). Sorting Out the Real Effects of Credit Supply Journal of Financial Economics
Chang, B. & Szydlowski, M. (2020). The Market for Conflicted Advice Journal of Finance
Chang, B. & Hong, H. (2019). Selection versus Talent Effects on Firm Value Journal of Financial Economics
Chang, B. (2018). Adverse Selection and Liquidity Distortion Review of Economic Studies
Presentations
Hong Kong University (2022) Financial Market Structure and Risk Concentration
Warwick Business School (2022) Financial Market Structure and Risk Concentration
Said Business School, Oxford (2022) Financial Market Structure and Risk Concentration
SED 2022 (2022) Finanical Market Structure and Risk Concentration
AFA (2022) Finanical Market Structure and Risk Concentration
Wharton (2021) Financial Market Structure and Risk Concentration
Oxford Financial Intermediation Theory Conference (2021) Financial Market Structure and Risk Concentration
AFA (2021) Sorting Out the Real Effects of Credit Supply
LSE (2020) Risk Concentration and Interconnectedness in OTC Markets
University of Houston (2020) Risk Concentration and Interconnectedness in OTC Markets
UT Austin (2020) Risk Concentration and Interconnectedness in OTC Markets
National Taiwan University (2019) OTC Market Structure under Reforms
2019 West Coast Search and Matching Workshop (2019) OTC Market Structure under Reforms
Federal Reserve Banks of Minneapolis (2019) OTC Market Structure under Reforms
Carlson School of Management (2019) OTC Market Structure under Reforms
Penn State University (2019) OTC Market Structure under Reforms
Federal Reserve Bank of Philadelphia (2019) Endogenous Market Making and Network Formation
Boston University (2019) Endogenous Market Making and Network Formation
Federal Reserve Bank of Philadelphia (2018) Endogenous Market Making and Network Formation
UIUC (2018) The Market for Conflicted Advice
Stern WAPFIN (2017) The Market for Conflicted Advice
Philadelphia Search and Matching conference (2017) The Market for Conflicted Advice
UNC Kenan-Flagler Business School (2017) Selection versus Talent Effects on Firm Value
The Financial Intermediation Research Society (FIRS) Conference, 2017 (2017) The Market for Conflicted Advice
9th NYU Search Theory Workshop (2017) The Market for Conflicted Advice
Finance Theory Group 16th meeting, Spring 2017 (2017) The Market for Conflicted Advice
MFA (2017) Endogenous Market Making and Network Formation
2017 American Finance Association Annual Meeting (2017) Assignment of Stock Market Coverage
8th Annual Conference on Money, Banking and Asset Markets (2016) The Market for Conflicted Advice
27th Annual Conference on Financial Economics and Accounting (2016) Assignment of Stock Market Coverage
Federal Reserve Banks of Cleveland (2016) Endogenous Market Making and Network Formation
Minnesota Workshop in Macroeconomics Theory (2016) Endogenous Market Making and Network Formation
The Financial Intermediation Research Society (FIRS) Conference (2016) Endogenous Market Making and Network Formation
Northwestern University Macroeconomics Alumni Conference (2016) Endogenous Market Making and Network Formation
Banking and Financial Intermediation: Frictions, Regulation and Optimal Design; (2015) Endogenous Market making and Network Formation
Seminar, Hass School of Business, UC Berkeley (2015) Endogenous Market making and Network Formation
2015 World Congress (2015) Endogenous Market making and Network Formation
2015 Summer Workshop on Money, Banking, Payments and Finance; (2015) Endogenous Market making and Network Formation
Finance Theory Group 12th meeting (2015) Endogenous Market making and Network Formation
The Frontiers of Macroeconomics Conference (2015) Endogenous Market making and Network Formation
Seminar, University of Rochester (2014) A Search Theory of Sectoral Reallocation
Seminar, University of California-Irvine (2014) A Search Theory of Sectoral Reallocation
Seminar, Tippie College of Business, University of Iowa (2013) Adverse Selection and Liquidity Distortion
NBER Summer Institute 2012, Workshop on Macro Perspectives (2012) A Search Theory of Sectoral Reallocation
2012 Society of Economic Dynamics Annual Meeting (2012) Adverse Selection and Liquidity Distortion
Seminar at Federal Reserve Bank of Richmond (2012) Adverse Selection and Liquidity Distortion
Seminar at Fuqua School of Business (2012) Adverse Selection and Liquidity Distortion
Seminar at Sauder School of Business (2012) Adverse Selection and Liquidity Distortion
Seminar, Wharton (2012) Adverse Selection and Liquidity Distortion