Research

Publications

 

Working Papers

 

 

Work in Progress

  • A Dynamic Model of Bank Loans, Public Bonds, and Zombie Lending, with Felipe Varas, Draft coming soon!
  • Discount Window Stigma and Term Auction Facility, with Hanzhe Zhang, Draft coming soon!
  • Pledgeability, Firm Leverage, and Bank Leverage, with Douglas Diamond and Raghuram Rajan, Draft coming soon!
  • Securitization and Liquidity, with Douglas Diamond and Raghuram Rajan, Draft coming soon!
  • Debt Covenants and Bank Networth, with Zhiguo He, Gregor Matvos, and Missaka Warusawitharana
  • Trade Credit and Monetary Policy, with Janet Gao