2 papers
econ.TH2021
State-Promoted Investment for Industrial Reforms: an Information Design Approach
Keeyoung Rhee, Myungkyu Shim, Ji Zhang
We analyze the optimal strategy for a government to promote large-scale investment projects under information frictions. Specifically, we propose a model where the government colle…
q-fin.GN2020
Bailout Stigma
Yeon-Koo Che, Chongwoo Choe, Keeyoung Rhee
We develop a model of bailout stigma where accepting a bailout signals a firm's balance-sheet weakness and worsens its funding prospect. To avoid stigma, high-quality firms either…