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TheEconomists

Photo of Jack Bao

jack.c.bao@frb.gov
Education
  • Ph.D., Financial Economics, Massachusetts Institute of Technology, 2009
  • B.S., Operations Research, Columbia University, 2003
  • Current Research Topics

  • Credit Risk, Liquidity, Debt Markets
  • Debt Issuance, M&A, Investment Banks
    • Economist

      Board of Governors of the Federal Reserve System

    • 2014 - present
    • Assistant Professor of Finance

      Ohio State University, Fisher College of Business

    • 2009 - 2014
  • Bao, Jack, and Jun Pan (2013). "Bond Illiquidity and Excess Volatility," Review of Financial Studies, vol. 26, no. 12, pp. 3068-3103.
  • Bao, Jack, and Alex Edmans (2011). "Do Investment Banks Matter for M&A Returns?" Review of Financial Studies, vol. 24, no. 7, pp. 2286-2315.
  • Bao, Jack, Jun Pan, and Jiang Wang (2011). "The Illiquidity of Corporate Bonds," Journal of Finance, vol. 66, no. 3, pp. 911-946.
  • discussion

    June 2014

    Western Finance Association

    Liquidity premia in CDS markets (Kamga and Wilde)

  • discussion

    June 2014

    Western Finance Association

    Liquidity Risk in Credit Default Swap Markets (Junge and Trolle)

  • discussion

    June 2014

    Western Finance Association

    Did Liquidity Providers Become Liquidity Seekers?: Evidence from the CDS-Bond Basis during the 2008 Financial Crisis (Choi and Shachar)

  • conference

    June 2014

    City University of Hong Kong Finance Symposium

    Prices and Volatilities in the Corporate Bond Market

  • discussion

    June 2014

    City University of Hong Kong Finance Symposium

    What Drives the CDS Basis in the Credit Market? (Man, Wang, and Wu)

  • seminar

    February 2014

    North Carolina State University

    Comovement of Corporate Bonds and Equities

  • discussion

    January 2014

    American Finance Association

    Liquidity, Transparency and Disclosure in the Securitized Product Market (Friewald, Jankowitsch, and Subrahmanyam)

  • seminar

    December 2013

    University of South Carolina

    Comovement of Corporate Bonds and Equities

  • seminar

    December 2013

    Federal Reserve Board of Governors

    Comovement of Corporate Bonds and Equities

  • seminar

    December 2013

    Boston University

    Comovement of Corporate Bonds and Equities

  • seminar

    November 2013

    Rutgers

    Comovement of Corporate Bonds and Equities

  • seminar

    November 2013

    Baruch

    Comovement of Corporate Bonds and Equities

  • seminar

    November 2013

    Texas A&M

    Comovement of Corporate Bonds and Equities

  • conference

    August 2013

    European Finance Association

    Comovement of Corporate Bonds and Equities

  • discussion

    August 2013

    European Finance Association

    Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect in the Corporate Bond Market (Huang, Sun, Yao, and Yu)

  • conference

    August 2013

    Inquire UK

    Comovement of Corporate Bonds and Equities

  • conference

    April 2013

    South Carolina Fixed Income Conference

    Comovement of Corporate Bonds and Equities

  • discussion

    June 2012

    Western Finance Association

    Pricing Liquidity Risk with Heterogeneous Investment Horizons (Beber, Driessen, and Tuijp)

  • conference

    April 2012

    South Carolina Fixed Income Conference

    Excess Volatility of Corporate Bonds

  • discussion

    August 2011

    European Finance Association

    The Effects of Quantitative Easing on Interest Rates (Krishnamurthy and Vissing-Jorgensen)

  • discussion

    October 2009

    Financial Management Association

    Risk-Based Capital and Credit Insurance Portfolios (Lai and Soumare)

  • conference

    June 2009

    Western Finance Association

    Liquidity of Corporate Bonds

Awards

  • 2012

    Ohio State University, Fisher College of Business

    Outstanding SMF Professor

Conference Organization

  • 2011-2014

    European Finance Association

    Program Commitee

  • 2013-2014

    Western Finance Association

    Program Committee

  • 2013-2014

    Midwest Finance Association

    Program Committee

  • 2011 Stockholm, Sweden

    European Finance Association

    Session Chair

Referee

  • Econometrica
  • Financial Management
  • Journal of Empirical Finance
  • Journal of Finance
  • Journal of Financial Intermediation
  • Journal of Financial Markets
  • Management Science
  • Review of Financial Studies
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Last update: October 6, 2014