The impact of Treasury supply on financial sector lending and stability

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Banks as patient fixed-income investors (2014, background): “As explored in Greenwood, Hanson, and Stein (2015) and Krishnamurthy and Vissing-Jorgensen (2015), with downward-sloping demand for money-like assets, changes in the supply of T-bills would depress the premium on money-like claims, reducing the incentive of shadow banks and traditional banks to…”
Foreign Safe Asset Demand and the Dollar Exchange Rate (2018, unknown): “See the model of Krishnamurthy and Vissing-Jorgensen (2015) for one specification of intermediaries doing asset/liability management and creating money where the cost is in terms of collateral backing.”