Nina Boyarchenko, David Lucca, Laura Veldkamp, 19 November 2016

Information sharing has come under increased scrutiny in the context of interbank lending, foreign exchange markets, and US Treasury auctions. This column explores the benefits and drawbacks of information sharing by dealers in US Treasury auctions. Information sharing is found to benefit first and foremost the issuer, i.e. the Treasury. The model provides insight on auction revenue, risk-sharing, and the decision to bid through a dealer, with information sharing having a sizeable effect on each.

Jaap Bos, Ralph De Haas, Matteo Millone, 22 March 2016

Screening loan applicants is a key principle of sound banking, but it can be challenging when trustworthy information about applicants is not available. Many countries have therefore introduced credit registries that require banks to share borrower information. This column examines how the introduction of a new registry affected the functioning of the credit market in Bosnia and Herzegovina. Mandatory information sharing allowed loan officers to lend more conservatively at both the extensive and intensive margins. The improved credit allocation improved loan quality and lender profitability.

Marie Thursby, Jerry Thursby, Carolin Haeussler, Lin Jiang, 25 November 2009

Sharing of information is critical to scientific progress, but scientists have private incentive to avoid disclosing research. This column analyses the benefits and costs of sharing, both one-to-one and with the general scientific community, and assesses how government funding and scholarly competition shape sharing decisions.

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