Under Review or Revision
Managing Financial Crises (with G. Benigno, and A. Zaretski), R&R, Journal of Political Economy.
Banking on Technology: Bank Technology Adoption and Its Effects (with S. Jiang and G. Zhang), R&R, Management Science.
Long-run UIP and in Emerging Markets (with S. Y. Toraman and G. Valente), R&R, Journal of Monetary Economics.
Financial Looting and Controls on Resident Outflows (with Bo Li and Hui Tong), under revision.
Work in Progress and Working Papers
Portfolio Choice, Military Protection, and Exorbitant Privilege (with P. Cavallino and D. Jimenez), manuscript.
The Liberation Day Tariff Dollar Puzzle (with R. Ahmed and J. S. Hartley), manuscript.
Banks' Credit Lines to Nonbanks and Financial Stability (D. te Kaat, A. Sclip, and H. Sapriza), manuscript.
The Great Depression and the Great Recession: A Quantitative Comparison (with A. Foerster, S. Noh, and C. Otrok), manuscript.
Permanent Working Papers
Bank Regulation, Cost of Intermediation, and Productivity (with Gianni De Nicolo’, Andrea Presbitero, and Gang Zhang), previously circulated as “Technology Adoption, Market Structure, and the Cost of Bank Intermediation.
COVID-19 Impact on the Financial Stability of Hospitals (with Ge Bai, Phil Phan, Luis Quintero, and Xian Sun), Revise and Resubmit, Journal of Finacial Stability.
Monetary and Macro-Prudential Policies: An Integrated Analysis (with G. Benigno, H. Chen, C. Otrok, and E. R. Young), paper prepared for the 2011 IMF ARC Conference.
Oil Price Dynamics and External Portfolio Adjustment (with M. Devereux and A. Sutherland), manuscript.
Monetary Rules for Emerging Market Economies (with Fabio Ghironi), Working Paper, 2002.