Research

Publications:

The effects of competition on consumer credit markets (with Rodney Ramcharan and Edison Yu), NBER Working Paper 26813,  forthcoming Review of Financial Studies
Most Significant Contribution to Banking Policy Award, Community Banking Conference 2018
Douglas D Evonoff Best Paper Award, Chicago Financial Institutions Conference 2019

Over-the-counter market liquidity and securities lending (with Nathan Foley-Fisher and Stephane Verani)  Review of Economic Dynamics (2019)

Lending on hold: Regulatory uncertainty and bank lending standards (with Jeremy Oldfather and Doriana Ruffino)
Journal of Monetary Economics (2017)

Lockstep in liquidity: Common dealers and co-movement in bond liquidity
Journal of Financial Markets (2017)

Working papers:

Regulating money: How did shadow banks respond to a $1 dollar shock? (with Marco Macchiavelli and Borghan Narajabad)

From finance to fascism: The real effects of Germany’s 1931 banking crisis (with Sebastian Doerr, Jose-Luis Peydro, and Joachim Voth)

Supply of private safe assets: Interplay of shadow and traditional banking (with Borghan Narajabad)

Slow capital, fast prices: Funding liquidity shocks and stock price reactions
Winner of the EFA 2013 Best Doctoral Tutorial Paper Prize

A margin call gone wrong: Credit, stock prices, and Germany’s Black Friday 1927

Other writings:

The increased role of the Federal Home Loan Bank System in funding markets: Part 1, Part 2, Part 3 (with Borghan Narajabad)

Bank complexity: Is size everything? (with Jeremy Oldfather and Doriana Ruffino)