Publications
- Dynamic Intervention and Informational Linkages, with Lin William Cong and Steven R. Grenadier. Journal of Financial Economics, 135: 1-15 January 2020.
- Pledgeability, Industry Liquidity, and Financing Cycles, with Douglas Diamond and Raghuram Rajan. Journal of Finance, 75: 419-461, February 2020.
- The Spillovers from Easy Liquidity and the Implications for Multilateralism, with Douglas Diamond and Raghuram Rajan. IMF Economic Review, 68: 4-34, 2020.
- A Theory of Zombie Lending, with Felipe Varas. Journal of Finance, no. 4 (2021): 1813-1867. Previously titled “A Dynamic Theory of Learning and Relationship Lending”.
- Liquidity, Pledgeability, and the Nature of Lending, with Douglas Diamond and Raghuram Rajan. Journal of Financial Economics, 143(3): pp. 1275-1294, March 2022. Previously titled “Liquidity and the Structure of Intermediation”.
- A Dynamic Theory of Bank Lending, Firm Entry, and Investment Fluctuations, Journal of Economic Theory, (2022) 204, 105515.
- Counterparty Risk: Implications for Network Linkages and Asset Prices, with Fotis Grigoris and Gill Segal. Review of Financial Studies. 36, no. 2 (2023): 814-858
- Banks and financial crises: contributions of Ben Bernanke, Douglas Diamond, and Philip Dybvig, with Zhiguo He. The Scandinavian Journal of Economics, 125, 3, July 2023, 553-583
- Borrowing Stigma and Lending-of-Last-Resort Policies, with Hanzhe Zhang. Forthcoming at Journal of Financial and Quantitative Analysis.
Working Papers
- Debt Maturity Management, 10/2023, with Felipe Varas and Chao Ying.
- Intermediary Financing without Commitment, 02/2022, with Felipe Varas. R&R at Journal of Financial Economics
- Lending Competition and Funding Collaboration, 11/2022, with Pavel Zryumov