Adi Sunderam

Assistant Professor of Business Administration

Harvard Business School

Baker Library/Bloomberg Center 245

Soldiers Field Road

Boston, MA 02163

(617) 495-6644

asunderam@hbs.edu

 

 

 

Curriculum Vitae

 

Biography 

 

Adi Sunderam is an assistant professor of business administration in the Finance Unit, where he teaches Finance II in the MBA required curriculum. In 2009 and 2010, he served in the U.S. Treasury Department as a special assistant and liaison to the White House National Economic Council. Professor Sunderam's research interests are in corporate finance, asset pricing, and financial intermediation. His recent work focuses on the organization of financial markets and its effect on asset prices and corporate investment.

 

Professor Sunderam holds a Ph.D. in business economics and an A.B. in computer science and economics, both from Harvard University.

 

Publications

 

Frictions in Shadow Banking: Evidence from the Lending Behavior of Money Market Funds (with Sergey Chernenko), 2013.

Review of Financial Studies, forthcoming.

 

The Growth and Limits of Arbitrage: Evidence from Short Interest (with Samuel Hanson), 2013.

Review of Financial Studies, forthcoming. Internet Appendix Here.

 

Are there too many safe securities? Securitization and the incentives for information production (with Samuel Hanson), 2013.

Journal of Financial Economics, Vol. 108, No. 3: 565-584. Internet Appendix Here.

The Real Consequences of Market Segmentation (with Sergey Chernenko), 2011.

Review of Financial Studies, 25(7), (2012): 2041-2069. Winner of the RFS Young Researcher Prize 2012.

 

The Variance of Non-Parametric Treatment Effect Estimators in the Presence of Clustering (with Samuel Hanson), 2011.

Review of Economics and Statistics, Vol. 94, No. 4: 1197-1201. Stata and Matlab Code Here.

 

 Working Papers

 

Fiscal Risk and the Portfolio of Government Programs (with Samuel Hanson and David Scharfstein), April 2014.

 

The Rise and Fall of Securitization (with Sergey Chernenko and Samuel Hanson), December 2013.

 

Money Creation and the Shadow Banking System, December 2013.

Revise and Resubmit, Review of Financial Studies. Internet Appendix Here.

 

Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates (with David Scharfstein), June 2013.

Revise and Resubmit, American Economic Review.

 

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds (with John Campbell and Luis Viceira), January 2013.

Revise and Resubmit, Review of Financial Studies. Internet Appendix Here.

 

 Book Chapters and Policy Pieces

 

An Evaluation of Money Market Fund Reform Proposals (with Samuel Hanson and David Scharfstein), April 2013.

 

The Economics of Housing Finance Reform (with David Scharfstein), 2011.

In The Future of Housing Finance, edited by Martin Neil Baily. Brookings Institution Press.