Research (* indicate past undergraduate students)

"Financial Stability with Fire Sale Externalities," with Yang Li, Journal of Money, Credit and Banking, forthcoming

"Rapid Bank Runs and Delayed Policy Responses," with Yang Li, Journal of Financial Stability, Vol. 79, August 2025, 101422

"Opacity: Insurance and fragility," Review of Economic Dynamics, Volume 40, April 2021, Pages 146-169

"Financial Stability with Sovereign Debt," Journal of Financial Stability, Volume 51, December 2020, 100795

"Bank Runs and Interventions with Wholesale Funding," with Luis Araujo and Fabrizio Mattesini, R&R (2nd round), Journal of Economic Theory

"Payment Flows, Bank Lending, and CBDC," with Yuteng Cheng, R&R, Journal of Money, Credit and Banking

"Opacity, Signaling, and Bail-Ins," with Kentaro Asai and Bruce Grundy, submitted

"Bank Runs and Policy Interventions under Uncertainty," with Jennie Ebihara*, submitted

"In Search of Countercyclical Capital Inflow Controls," with Aaron Leong* and Balazs Zelity, submitted 

"Trademarks, Confusion and Financial Contagion," with Antonis Kotidis and Paul Soto

"Environmental Externalities when Firms Lack Commitment," with David Arseneau (Draft available upon request)

"Regional Integration and Financial Regulation," with Sahoko Kaji, Public Policy Review, Ministry of Finance Japan, vol. 12(2), pages 291-316, March 2016.

Discussion

"CBDC and Payment Platform Competition” by Y. Liu, E. Reshidi, and F. Rivadeneyra, at the 1st Annual Conference of the Banco Central do Brasil, May 2023

Referee

Annals of Finance, European Economic Review, Economic Theory, Finance Research Letters, International Economic Review, International Journal of Economic Theory, Journal of Economic Dynamics and Control, Journal of Financial Stability, Journal of Macroeconomics, Journal of Public Economic Theory, Macroeconomic Dynamics