- Dynamic Intervention and Informational Linkages, 11/2017, with Lin William Cong and Steven R. Grenadier, working paper, 2017. Accepted, Journal of Financial Economics.
- A Dynamic Theory of Bank Lending, Firm Entry, and Investment Fluctuations, 04/2018
- Previously circulated under the title “Recovery Dynamics: An Explanation from Bank Lending and Entrepreneur Entry”
- Pledgeability, Industry Liquidity, and Financing Cycles, 08/2018, with Douglas Diamond and Raghuram Rajan, working paper 2017. R&R at Journal of Finance.
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