Current working papers:
Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance (with You Suk Kim, Donghoon Lee and Tess Scharlemann). 2023. [slides] Forthcoming, Journal of Financial Economics.
Does CFPB Oversight Crimp Credit? (with Andreas Fuster and Matthew Plosser). 2023. [slides] Revise and resubmit, Review of Financial Studies.
How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic (with Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson and Paul Willen). 2021. [slides] Revise and resubmit, Journal of Finance.
Defragmenting Markets: Evidence from Agency MBS (with Haoyang Liu and Zhaogang Song). 2022. [slides]
Regulation and Risk Shuffling in Bank Securities Portfolios (with Andreas Fuster). 2018.
Resting working papers:
A Comparison of Libor to Other Measures of Bank Borrowing Costs (with Dennis Kuo and David Skeie). 2018.
Identifying Term Interbank Loans from Fedwire Payments Data (with Dennis Kuo, David Skeie and Thomas Youle). 2014.
A Sampling-Window Approach to Transactions-Based Libor Fixing (with Darrell Duffie and David Skeie). 2013.
MBS Ratings and the Mortgage Credit Boom (with Adam Ashcraft and Paul Goldsmith-Pinkham). 2010.
Forecasting When It Matters: Evidence from Semi-Arid India (with Xavier Giné and Robert Townsend). Available on request.
Banking Relationships and the Credit Cycle: Evidence from the Asian Financial Crisis, 2005.
The Efficient Market Hypothesis: A Survey (with Meredith Beechey and David Gruen), 2000.