Working Papers

Work in Progress

  • A Dynamic Theory of Learning and Relationship Lending, with Felipe Varas, draft available upon request
  • Pledgeability, Firm Leverage, and Bank Leverage, with Douglas Diamond and Raghuram Rajan, draft available upon request
  • The Trade Credit Chanel of Monetary Policy, with Janet Gao
  • The Counterparty Risk Premium, With Gill Segal
  • Debt Covenants and Bank Networth, with Zhiguo He, Gregor Matvos, and Missaka Warusawitharana