LATEST WORKING PAPERS AND WORK IN PROGRESS
"Endogenous bank risks and the lending channel of monetary policy" with Gabriela Araujo and David Rivero (2025)
"Banking with inside money: An efficiency analysis" with David Rivero (Barcelona GSE Working Paper 1265, 2021)
“The negative correlation of nonperforming loans between large and small banks” ADEMU Working Paper 103, 2018
LATEST PUBLICATIONS
“Narrow banking with modern depository institutions: Is there a reason to panic?”, International Journal of Central Banking, 16 (4), pp. 145-197, 2020
“Self-fulfilling runs and endogenous liquidity creation”, with David Rivero, Journal of Financial Stability 45, article 100704, 2019
“Asymmetric standing facilities: An unexploited monetary policy tool”, with Gabriel Perez Quiros, IMF Economic Review 60 (1), pp. 43-74, 2012
“High-growth recoveries, inventories and the great moderation”, with Maximo Camacho and Gabriel Perez Quiros, Journal of Economic Dynamics and Control 35 (8), pp. 1322-1339, 2011