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Photo of Murphy, Dermot

Dermot Murphy

Assistant Professor, Finance


Building & Room:

2405 University Hall

Office Phone:

(312) 355-4372

Selected Publications

(with Pengjie Gao and Chang Lee; forthcoming at Journal of Financial Economics)
  • Municipalities located in states with laws in place for assisting financially distressed municipalities have lower borrowing costs and smaller post-default yield increases on their loans than municipalities located in other states.
(with Pengjie Gao and Chang Lee; revise and resubmit at Journal of Financial Economics; best paper, Brookings Municipal Finance Conference)
  • Newspaper closures lead to higher municipal borrowing costs in the long-run through the government inefficiency channel.