Research

I. Publications:

1. Do Universal Banks Finance Riskier but More Productive Firms? (with Farzad Saidi)
Journal of Financial Economics
 Vol. 128 (2018), Pages 66–85

2. Asymmetric Information and Sovereign Debt: Theory meets Mexican Data (9/2021, with  Harold L. Cole and Guillermo Ordoñez)
– Accepted, Journal of Political Economy

II. Working papers

3.  The Risk-Rent Trade-off (11/2021, with Michael Sockin)

4. Risk Sharing in Voluntarily Incomplete Markets (11/2021, with Mahyar Sefidgaran and Michael Sockin)

5. A Dynamic Theory of Collateral Quality and Long-term Interventions (7/2019, with Michael Junho Lee)
– Revise and Resubmit, Journal of Financial Economics

6. Inefficient Asset Price Booms (4/2019)
– Revise and Resubmit, Review of Financial Studies
– Previously titled “Macroeconomic Effects of Secondary Market Trading”
– Winner, Lamfalussy Fellowship
– Runner-up, 2016 European Systemic Risk Board Ieke van den Burg Prize

7. Information Spillovers in Sovereign Debt Markets (9/2020, with Harold L. Cole and Guillermo Ordoñez)
– Revise and Resubmit, Review of Economic Studies
– Previously titled “Debt Crises: For Whom the Bell Tolls”

8. A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information  (with Harold L. Cole and Guillermo Ordoñez)
– Also available as NBER Working Paper 24890

9. Bank Deregulation and the Rise of Institutional Lending (with Farzad Saidi)  (Revised November 2016)

III. Papers under Construction

10. Risk-sharing, Investment, and Asset Prices According to Cournot and Arrow-Debreu (8/2019, with Michael Sockin(This paper is currently undergoing a substantial rewrite. The posted version is partially  subsumed by “The Risk-rent Trade-off” and “Risk Sharing in Voluntarily Incomplete Markets”)