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Work in Progress


Interbank Networks in the Shadows of the Federal Reserve Act
(with Selman Erol and Haelim Park Anderson)
Elsevier Award for the Best Paper on Financial Institutions – WFA 2020.
NBER Working Paper 27721.
R&R. Review of Economic Studies.

The Collateral Link Between Volatility and Risk Sharing
(with Sebastian Infante)
NBER Working Paper 28119.
R&R. Journal of Monetary Economics.

Information Technologies and Safe Assets
(with Gaetano Gaballo)

Business, Liquidity and Information Cycles
(with Gorkem Bostanci)

Macro and Financial Implications of Aging
(with Facundo Piguillem)
NBER Working Paper 26337.

Regulating Clearing in Networks
(with Pablo D’Erasmo and Selman Erol)

Social and Economic Distancing
(with Selman Erol)

The Political Economy of Pandemics
(with Helios Herrera and Juan Sagredo)

The Two Faces of Information
(with Gaetano Gaballo)
NBER Working Paper 28489.

Stability Pass-through
(with Haelim Anderson and Selman Erol)


A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
(with Hal Cole and Daniel Neuhann)
NBER Working Paper 24890.

Limits to Stability
(with Facundo Piguillem)

Patents as Collateral and Directed Technical Change
(with Ufuk Akcigit and Murat Alp Celik)

The Dynamics of Bank Runs
(with Itay Goldstein and Lin Shen)

Hard to Get, Easy to Lose: Endogenous Reputation and Underinvestment

Rating Agencies and Coordination

Trade and Technology: Asian Miracles and WTO Anti-miracles

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