Photo of Yesol Huh

Yesol Huh

Education

  • Ph.D., Finance, Stanford Graduate School of Business, 2013
  • B.A., Economics and Mathematics, Yale University, 2007
Current Research Topics
  • OTC Markets, Fixed Income Markets
  • Market Microstructure
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2020 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2020
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2016
  • Lecturer

    University of Maryland

    2021 - 2022
  • Balance-Sheet Netting in U.S. Treasury Markets and Central Clearing
    David Bowman, Yesol Huh, and Sebastian Infante
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.057
  • Information Friction in OTC Interdealer Markets
    Benjamin Gardner and Yesol Huh
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.040
  • Customer Liquidity Provision: Implications for Corporate Bond Transaction Costs
    Jaewon Choi, Yesol Huh, and Sean Seunghun Shin
    Management Science (2024)
    https://doi.org/10.1287/mnsc.2022.4646
    See also » FRB Working Paper (2017)
  • Cheapest-to-deliver pricing, optimal MBS securitization, and welfare implications
    Yesol Huh and You Suk Kim
    Journal of Financial Economics (2023)
    https://doi.org/10.1016/j.jfineco.2023.07.001
    See also » FRB Working Paper (2021)
  • All-to-All Trading in the U.S. Treasury Market
    Alain Chaboud, Ellen Correia Golay, Caren Cox, Michael J. Fleming, Yesol Huh, Frank M. Keane, Kyle Lee, Krista Schwarz, Clara Vega, and Carolyn Windover
    Staff reports (Federal Reserve Bank of New York) (2022)
  • The Real Effects of Secondary Market Trading Structure: Evidence from the Mortgage Market
    Yesol Huh and You Suk Kim
    Review of Financial Studies (2022)
    https://doi.org/10.1093/rfs/hhab116
  • Bond Market Intermediation and the Role of Repo
    Yesol Huh and Sebastian Infante
    Journal of Banking & Finance (2021)
    https://doi.org/10.1016/j.jbankfin.2020.105999
  • Machines vs. machines: high frequency trading and hard information
    Yesol Huh
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.033
Awards
  • 2022

    Federal Reserve Board

    Special Achievement Award

  • 2017

    China International Conference in Finance

    Yihong Xia Best Paper Award

Referee
  • Review of Financial Studies
  • Journal of Finance
  • Journal of Banking and Finance
  • Journal of Empirical Finance
  • Journal of Financial Markets
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Last Update: September 23, 2024