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I am a professor of finance and economics at the Johns Hopkins Carey Business School, and I hold a joint appointment in the Economics Department of the Johns Hopkins Krieger School of Arts and Sciences. I am an NBER Research Associate (IFM Program), a CEPR Research Fellow (IMF Programme), and an ABFER Fellow. I currently serve as Associate Editor at the Journal of Money, Credit and Banking and the Journal of International Money and Finance, and as Advisory Board Member at the Journal of Geoeconomics.
In 2026, I will be a visiting scholar at the Stanford Institute for Economic Policy Research. In 2024, I was a Houblon-Norman and George Fellow at the Bank of England. I have also been a Visiting Scholar at the Federal Reserve and the Bank for International Settlements. Previously, I held research and policy positions at the International Monetary Fund (Economist and Senior Economist: 1998-2008) and the Inter-American Development Bank (Lead Economist and Principal Economist: 2008-2013).
My research focuses on international finance, macroeconomics, and macrofinance. It has been published in leading journals such as the Journal of International Economics, the Journal of Monetary Economics, AEJ: Macroeconomics, and the Review of Financial Studies.
I regularly contribute to VoxEU.org and have written for FT Alphaville and FT BeyondBrics. I am a member of the Academic Board of Advisors of Factor Investing Group and an Andersen Institute Scholar and Head of Research at the Andersen Institute for Finance and Economics. I am a recipient of the Young Leader Award from the Council for the United States and Italy.
News
Appointed to the Academic Advisory Board of the Journal of Geoeconomics.
Appointed Head of Research at the Andersen Institute for Finance and Economics.
I am co-organizing the conference on "Envisioning the Future of Global Supply Chains," September 17, 2026, at the JHU Bloomberg Center; recording coming soon here: https://jh150.vercel.app/.
Publications and Working Papers
Managing Financial Crises (with G. Benigno and A. Zaretsky), Revise & Resubmit, Journal of Political Economy.
Banking on Technology (with Sheila Jiang and Gang Zhang), Revise & Resubmit, Management Science.
A Nascent International Financial Channel of China’s Monetary Policy Transmission (with C. Ma and S. Zhou), forthcoming, Journal of International Economics.
Long-run UIP in Emerging Markets (with S. Yagmur Toraman and G. Valente), revised draft.
Blogs
Chips & tokens at the fault lines: Two stacks in one fragmenting world, SUERF Policy Note No. 416, Aug., 2026
Stablecoins: What we know –with a little help from the podcast crowd, Milken Institute Review, April 30, 2026
When Financial Regulation Becomes Financial Repression, Andersen Institute Note No. 1, July 2025.
Tariffs, the dollar, and equities: Evidence from the Liberation Day announcement, voxeu.org, April 2025.
A 'reverse conundrum' and foreign official demand for US Treasuries, voxeu.org, January 2025.