Details about Suleyman Basak

Homepage:	http://www.suleymanbasak.com/
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) London Business School (LBS), (more information at EDIRC)

Access statistics for papers by Suleyman Basak.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pba891

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Working Papers

2023

1. Dynamic Equilibrium with Costly Short-Selling and Lending Market
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Dynamic Equilibrium with Costly Short-Selling and Lending Market, The Review of Financial Studies, Society for Financial Studies (2024) View citations (2) (2024)

2021

2. Stock Market and No-Dividend Stocks
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Stock Market and No‐Dividend Stocks, Journal of Finance, American Finance Association (2022) View citations (1) (2022)

2020

3. Security Design with Status Concerns
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   See also Journal Article Security design with status concerns, Journal of Economic Dynamics and Control, Elsevier (2020) View citations (5) (2020)

2019

4. Investor Protection and Asset Prices
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2019) View citations (3)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018)
   See also Journal Article Investor Protection and Asset Prices, The Review of Financial Studies, Society for Financial Studies (2019) View citations (3) (2019)

2018

5. Option Prices and Costly Short-Selling
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Option prices and costly short-selling, Journal of Financial Economics, Elsevier (2019) View citations (7) (2019)

2017

6. Belief Dispersion in the Stock Market
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   See also Journal Article Belief Dispersion in the Stock Market, Journal of Finance, American Finance Association (2018) View citations (66) (2018)

2016

7. A Theory of Operational Risk
   2016 Meeting Papers, Society for Economic Dynamics View citations (4)

2015

8. A Model of Financialization of Commodities
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
   See also Journal Article A Model of Financialization of Commodities, Journal of Finance, American Finance Association (2016) View citations (266) (2016)

2013

9. Competition among Portfolio Managers and Asset Specialization
   Working Papers, Center for Economic and Financial Research (CEFIR) View citations (5)
   Also in Working Papers, New Economic School (NES) (2013) View citations (1)

2012

10. Asset Prices and Institutional Investors
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    See also Journal Article Asset Prices and Institutional Investors, American Economic Review, American Economic Association (2013) View citations (135) (2013)

2011

11. Dynamic Hedging in Incomplete Markets: A Simple Solution
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in FMG Discussion Papers, Financial Markets Group (2011) View citations (1)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    2009 Meeting Papers, Society for Economic Dynamics (2009)
    See also Journal Article Dynamic Hedging in Incomplete Markets: A Simple Solution, The Review of Financial Studies, Society for Financial Studies (2012) View citations (20) (2012)
12. Strategic Asset Allocation in Money Management
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Working Papers, New Economic School (NES) (2009) View citations (4)
    Working Papers, Center for Economic and Financial Research (CEFIR) (2009) View citations (4)
    See also Journal Article Strategic Asset Allocation in Money Management, Journal of Finance, American Finance Association (2014) View citations (45) (2014)

2010

13. Difference in Interim Performance and Risk Taking with Short-Sale Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Working Papers, New Economic School (NES) (2010) View citations (2)
    Working Papers, Center for Economic and Financial Research (CEFIR) (2010) View citations (3)
    See also Journal Article Difference in interim performance and risk taking with short-sale constraints, Journal of Financial Economics, Elsevier (2012) View citations (12) (2012)

2009

14. Dynamic Mean-Variance Asset Allocation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Dynamic Mean-Variance Asset Allocation, The Review of Financial Studies, Society for Financial Studies (2010) View citations (212) (2010)
15. Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion
    Yale School of Management Working Papers, Yale School of Management
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (3)
    See also Journal Article Equilibrium Asset Prices and Investor Behaviour in the Presence of Money Illusion, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (29) (2010)

2006

16. Multiplicity and Sunspots in General Financial Equilibrium with Portfolio Constraints
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (2)
17. Multiplicity in General Financial Equilibrium with Portfolio Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article Multiplicity in general financial equilibrium with portfolio constraints, Journal of Economic Theory, Elsevier (2008) View citations (8) (2008)
18. Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
19. Optimal Asset Allocation and Risk Shifting in Money Management
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    See also Journal Article Optimal Asset Allocation and Risk Shifting in Money Management, The Review of Financial Studies, Society for Financial Studies (2007) View citations (107) (2007)

2005

20. Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (2003) View citations (8)
    Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (3)
21. Risk Management with Benchmarking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    See also Journal Article Risk Management with Benchmarking, Management Science, INFORMS (2006) View citations (37) (2006)

2004

22. A Dynamic Model with Import Quota Constraints
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002)
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (2003)
23. Asset Prices with Heterogenous Beliefs
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
24. Monopoly Power and the Firm€ٳ Valuation
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management
25. On the Role of Arbitrageurs in Rational Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article On the role of arbitrageurs in rational markets, Journal of Financial Economics, Elsevier (2006) View citations (25) (2006)

2003

26. International Good Market Segmentation and Financial Market Structure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
27. MONOPOLY POWER AND THE FIRM'S VALUATION: A DYNAMIC ANALYSIS OF SHORT VERSUS LONG-TERM POLICIES
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (1)
    See also Chapter Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies, Studies in Economic Theory, Springer (2005) (2005)
    Journal Article Monopoly power and the firm’s valuation: a dynamic analysis of short versus long-term policies, Economic Theory, Springer (2004) View citations (3) (2004)

2002

28. A Model of Credit Risk, Optimal Policies and Asset Prices
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article A Model of Credit Risk, Optimal Policies, and Asset Prices, The Journal of Business, University of Chicago Press (2005) View citations (6) (2005)

1999

29. Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (8)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (8)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (8)
    See also Journal Article Value-at-Risk-Based Risk Management: Optimal Policies and Asset Prices, The Review of Financial Studies, Society for Financial Studies (2001) View citations (342) (2001)

1998

30. Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two Country Dynamic Monetary Equilibrium
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (10)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    See also Journal Article Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two‐Country Dynamic Monetary Equilibrium, Mathematical Finance, Wiley Blackwell (1999) View citations (22) (1999)

Undated

31. A General Equilibrium Model of Portfolio Insurance (Reprint 053)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
32. A Model of Dynamic Equilibrium Asset Pricing with Extraneous Risk
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
33. An Equilibrium Model with Restricted Stock Market Participation (Reprint 066)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
34. An Intertemporal Model of Segmentation (Reprint 056)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
35. Capital Market Equilibrium with Differential Taxation
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (7)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)
    See also Journal Article Capital Market Equilibrium with Differential Taxation, Review of Finance, European Finance Association (2003) View citations (8) (2003)
36. Capital Market Equilibrium with Mispricing and Arbitrage Activity
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
37. Dynamic Consumption-Portfolio Choice and Asset Pricing with Non-Price-Taking Agents (Revised: 7-95)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
38. Dynamic Consumption-Portfolio Choice and Asset Pricing with Non-Price-Taking Agents (Revision of 8-94) (Reprint 062)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
39. Equilibrium Mispricing in a Capital Market with Portfolio Constraints
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
    See also Journal Article Equilibrium Mispricing in a Capital Market with Portfolio Constraints, The Review of Financial Studies, Society for Financial Studies (2000) View citations (66) (2000)
40. Nonlinear Taxation, Tax Arbitrage and Equilibrium Asset Prices
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    See also Journal Article Non-linear taxation, tax-arbitrage and equilibrium asset prices, Journal of Mathematical Economics, Elsevier (2001) View citations (3) (2001)
41. On the Fluctuations in Consumption and Market Returns in the Presence of Labor and Human Capital: An Equilibrium Analysis
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    See also Journal Article On the fluctuations in consumption and market returns in the presence of labor and human capital: An equilibrium analysis, Journal of Economic Dynamics and Control, Elsevier (1999) View citations (16) (1999)

Journal Articles

2024

1. Dynamic Equilibrium with Costly Short-Selling and Lending Market
   The Review of Financial Studies, 2024, 37, (2), 444-506 View citations (2)
   See also Working Paper Dynamic Equilibrium with Costly Short-Selling and Lending Market, CEPR Discussion Papers (2023) (2023)

2022

2. Stock Market and No‐Dividend Stocks
   Journal of Finance, 2022, 77, (1), 545-599 View citations (1)
   See also Working Paper Stock Market and No-Dividend Stocks, CEPR Discussion Papers (2021) (2021)

2020

3. Security design with status concerns
   Journal of Economic Dynamics and Control, 2020, 118, (C) View citations (5)
   See also Working Paper Security Design with Status Concerns, CEPR Discussion Papers (2020) View citations (4) (2020)

2019

4. Investor Protection and Asset Prices
   The Review of Financial Studies, 2019, 32, (12), 4905-4946 View citations (3)
   See also Working Paper Investor Protection and Asset Prices, CEPR Discussion Papers (2019) View citations (3) (2019)
5. Option prices and costly short-selling
   Journal of Financial Economics, 2019, 134, (1), 1-28 View citations (7)
   See also Working Paper Option Prices and Costly Short-Selling, CEPR Discussion Papers (2018) (2018)

2018

6. Belief Dispersion in the Stock Market
   Journal of Finance, 2018, 73, (3), 1225-1279 View citations (66)
   See also Working Paper Belief Dispersion in the Stock Market, CEPR Discussion Papers (2017) View citations (1) (2017)

2016

7. A Model of Financialization of Commodities
   Journal of Finance, 2016, 71, (4), 1511-1556 View citations (266)
   See also Working Paper A Model of Financialization of Commodities, CEPR Discussion Papers (2015) View citations (6) (2015)

2014

8. Strategic Asset Allocation in Money Management
   Journal of Finance, 2014, 69, (1), 179-217 View citations (45)
   See also Working Paper Strategic Asset Allocation in Money Management, CEPR Discussion Papers (2011) View citations (5) (2011)

2013

9. Asset Prices and Institutional Investors
   American Economic Review, 2013, 103, (5), 1728-58 View citations (135)
   See also Working Paper Asset Prices and Institutional Investors, CEPR Discussion Papers (2012) View citations (14) (2012)

2012

10. Difference in interim performance and risk taking with short-sale constraints
    Journal of Financial Economics, 2012, 103, (2), 377-392 View citations (12)
    See also Working Paper Difference in Interim Performance and Risk Taking with Short-Sale Constraints, CEPR Discussion Papers (2010) View citations (1) (2010)
11. Dynamic Hedging in Incomplete Markets: A Simple Solution
    The Review of Financial Studies, 2012, 25, (6), 1845-1896 View citations (20)
    See also Working Paper Dynamic Hedging in Incomplete Markets: A Simple Solution, CEPR Discussion Papers (2011) View citations (4) (2011)

2010

12. Dynamic Mean-Variance Asset Allocation
    The Review of Financial Studies, 2010, 23, (8), 2970-3016 View citations (212)
    See also Working Paper Dynamic Mean-Variance Asset Allocation, CEPR Discussion Papers (2009) (2009)
13. Equilibrium Asset Prices and Investor Behaviour in the Presence of Money Illusion
    The Review of Economic Studies, 2010, 77, (3), 914-936 View citations (29)
    See also Working Paper Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion, Yale School of Management Working Papers (2009) (2009)

2008

14. Multiplicity in general financial equilibrium with portfolio constraints
    Journal of Economic Theory, 2008, 142, (1), 100-127 View citations (8)
    See also Working Paper Multiplicity in General Financial Equilibrium with Portfolio Constraints, CEPR Discussion Papers (2006) View citations (2) (2006)
15. Offsetting the implicit incentives: Benefits of benchmarking in money management
    Journal of Banking & Finance, 2008, 32, (9), 1883-1893 View citations (16)

2007

16. International good market segmentation and financial innovation
    Journal of International Economics, 2007, 71, (2), 267-293 View citations (3)
17. Optimal Asset Allocation and Risk Shifting in Money Management
    The Review of Financial Studies, 2007, 20, (5), 1583-1621 View citations (107)
    See also Working Paper Optimal Asset Allocation and Risk Shifting in Money Management, CEPR Discussion Papers (2006) View citations (12) (2006)

2006

18. On the role of arbitrageurs in rational markets
    Journal of Financial Economics, 2006, 81, (1), 143-173 View citations (25)
    See also Working Paper On the Role of Arbitrageurs in Rational Markets, CEPR Discussion Papers (2004) (2004)
19. Risk Management with Benchmarking
    Management Science, 2006, 52, (4), 542-557 View citations (37)
    See also Working Paper Risk Management with Benchmarking, CEPR Discussion Papers (2005) View citations (12) (2005)

2005

20. A Model of Credit Risk, Optimal Policies, and Asset Prices
    The Journal of Business, 2005, 78, (4), 1215-1266 View citations (6)
    See also Working Paper A Model of Credit Risk, Optimal Policies and Asset Prices, CEPR Discussion Papers (2002) (2002)
21. Asset pricing with heterogeneous beliefs
    Journal of Banking & Finance, 2005, 29, (11), 2849-2881 View citations (133)

2004

22. Monopoly power and the firm’s valuation: a dynamic analysis of short versus long-term policies
    Economic Theory, 2004, 24, (3), 503-530 View citations (3)
    See also Chapter Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies, Studies in Economic Theory, 2005, 1-34 (2005) (2005)
    Working Paper MONOPOLY POWER AND THE FIRM'S VALUATION: A DYNAMIC ANALYSIS OF SHORT VERSUS LONG-TERM POLICIES, Working papers (2003) View citations (2) (2003)

2003

23. Capital Market Equilibrium with Differential Taxation
    Review of Finance, 2003, 7, (2), 121-159 View citations (8)
    See also Working Paper Capital Market Equilibrium with Differential Taxation, Rodney L. White Center for Financial Research Working Papers View citations (7)

2002

24. A comparative study of portfolio insurance
    Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1217-1241 View citations (23)

2001

25. Non-linear taxation, tax-arbitrage and equilibrium asset prices
    Journal of Mathematical Economics, 2001, 35, (2), 347-382 View citations (3)
    See also Working Paper Nonlinear Taxation, Tax Arbitrage and Equilibrium Asset Prices, Rodney L. White Center for Financial Research Working Papers View citations (1)
26. Value-at-Risk-Based Risk Management: Optimal Policies and Asset Prices
    The Review of Financial Studies, 2001, 14, (2), 371-405 View citations (342)
    See also Working Paper Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1999) View citations (8) (1999)

2000

27. A model of dynamic equilibrium asset pricing with heterogeneous beliefs and extraneous risk
    Journal of Economic Dynamics and Control, 2000, 24, (1), 63-95 View citations (104)
28. Equilibrium Mispricing in a Capital Market with Portfolio Constraints
    The Review of Financial Studies, 2000, 13, (3), 715-48 View citations (66)
    See also Working Paper Equilibrium Mispricing in a Capital Market with Portfolio Constraints, Rodney L. White Center for Financial Research Working Papers View citations (2)

1999

29. Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two‐Country Dynamic Monetary Equilibrium
    Mathematical Finance, 1999, 9, (1), 1-30 View citations (22)
    See also Working Paper Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two Country Dynamic Monetary Equilibrium, Weiss Center Working Papers (1998) (1998)
30. On the fluctuations in consumption and market returns in the presence of labor and human capital: An equilibrium analysis
    Journal of Economic Dynamics and Control, 1999, 23, (7), 1029-1064 View citations (16)
    See also Working Paper On the Fluctuations in Consumption and Market Returns in the Presence of Labor and Human Capital: An Equilibrium Analysis, Rodney L. White Center for Financial Research Working Papers View citations (3)

1998

31. An Equilibrium Model with Restricted Stock Market Participation
    The Review of Financial Studies, 1998, 11, (2), 309-41 View citations (275)

1997

32. Consumption choice and asset pricing with a non-price-taking agent
    Economic Theory, 1997, 10, (3), 437-462 View citations (13)

1996

33. An Intertemporal Model of International Capital Market Segmentation
    Journal of Financial and Quantitative Analysis, 1996, 31, (2), 161-188 View citations (17)

1995

34. A General Equilibrium Model of Portfolio Insurance
    The Review of Financial Studies, 1995, 8, (4), 1059-90 View citations (88)

Chapters

2005

1. Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies
   Springer
   See also Journal Article Monopoly power and the firm’s valuation: a dynamic analysis of short versus long-term policies, Springer (2004) View citations (3) (2004)
   Working Paper MONOPOLY POWER AND THE FIRM'S VALUATION: A DYNAMIC ANALYSIS OF SHORT VERSUS LONG-TERM POLICIES, Massachusetts Institute of Technology (MIT), Sloan School of Management (2003) View citations (2) (2003)