Nicolae B. Gârleanu
Haas School of Business
University of California, Berkeley
Berkeley, CA 94720
Tel: (1) 510 642 3421
Fax: (1) 510 643 1420
NBER Program Affiliations:
NBER Affiliation: Research Associate
Institutional Affiliation: University of California at Berkeley
NBER Working Papers and Publications
|January 2020||Heterogeneity and Asset Prices: A Different Approach|
with Stavros Panageas: w26607
|September 2016||Impediments to Financial Trade: Theory and Applications|
with Stavros Panageas, Jianfeng Yu: w22697
Published: Nicolae Gârleanu & Stavros Panageas & Jianfeng Yu & Stijn Van Nieuwerburgh, 2020. "Impediments to Financial Trade: Theory and Applications," The Review of Financial Studies, vol 33(6), pages 2697-2727.
|September 2015||Efficiently Inefficient Markets for Assets and Asset Management|
with Lasse H. Pedersen: w21563
Published: NICOLAE GÂRLEANU & LASSE HEJE PEDERSEN, 2018. "Efficiently Inefficient Markets for Assets and Asset Management," The Journal of Finance, vol 73(4), pages 1663-1712.
|August 2013||Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion|
with Stavros Panageas, Jianfeng Yu: w19381
Published: Gârleanu, Nicolae, Stavros Panageas, and Jianfeng Yu. 2015. "Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion." American Economic Review, 105(7): 1979-2010.
|May 2011||Two Monetary Tools: Interest Rates and Haircuts|
with Adam Ashcraft, Lasse Heje Pedersen
in NBER Macroeconomics Annual 2010, Volume 25, Daron Acemoglu and Michael Woodford, editors
|February 2011||Margin-Based Asset Pricing and Deviations from the Law of One Price|
with Lasse Heje Pedersen: w16777
Published: Nicolae Gï¿½rleanu & Lasse Heje Pedersen, 2011. "Margin-based Asset Pricing and Deviations from the Law of One Price," Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1980-2022. citation courtesy of
|September 2010||Two Monetary Tools: Interest Rates and Haircuts|
with Adam Ashcraft, Lasse Heje Pedersen: w16337
|October 2009||The Demographics of Innovation and Asset Returns|
with Leonid Kogan, Stavros Panageas: w15457
Published: Displacement Risk and Asset Returns (with Leonid Kogan and Stavros Panageas). Journal of Financial Economics , vol. 105 (2012), issue 3, pp. 491-510. Best Paper Award , Utah Winter Finance Conference 2011.
|September 2009||Technological Growth and Asset Pricing|
with Stavros Panageas, Jianfeng Yu: w15340
Published: “Technological Growth and Asset Pricing” (joint with Nicolae Garleanu and Jianfeng Yu) , Journal of Finance, August 2012, Vol. 67, Issue 4, pp. 1265-1292
|August 2009||Dynamic Trading with Predictable Returns and Transaction Costs|
with Lasse H. Pedersen: w15205
Published: "Dynamic Trading with Predictable Returns and Transaction Costs" (with Lasse Heje Pedersen). Journal of Finance, vol. 68 (2013), issue 6, pp. 2309-2340. citation courtesy of
|February 2007||Liquidity and Risk Management|
with Lasse H. Pedersen: w12887
Published: Nicolae Gârleanu & Lasse Heje Pedersen, 2007.
"Liquidity and Risk Management,"
American Economic Review,
American Economic Association, vol. 97(2), pages 193-197, May.
citation courtesy of
|February 2006||Valuation in Over-the-Counter Markets|
with Darrell Duffie, Lasse Heje Pedersen: w12020
Published: Duffie, Darrell, Nicolae Garleanu, and Lasse Heje Pedersen. "Valuation in Over-the-Counter Markets." Review of Financial Studies 20, 5 (2007): 1865-1900. citation courtesy of
|December 2005||Demand-Based Option Pricing|
with Lasse Heje Pedersen, Allen M. Poteshman: w11843
Published: Nicolae Garleanu & Lasse Heje Pedersen & Allen M. Poteshman, 2009.
"Demand-Based Option Pricing,"
Review of Financial Studies,
Oxford University Press for Society for Financial Studies, vol. 22(10), pages 4259-4299, October.
citation courtesy of
|October 2004||Over-the-Counter Markets|
with Darrell Duffie, Lasse Heje Pedersen: w10816
Published: Duffie, Darrell, Nicolae Garleanu and Lasse Heje Pedersen. "Over-the-Counter Markets," Econometrica, 2005, v73(6,Nov), 1815-1848. citation courtesy of