PUBLICATIONS

[18] "Leverage and Stablecoin Pegs", with Gary Gorton, Chase Ross, Sharon Ross, and Elizabeth Klee

   Journal of Financial & Quantitative Analysis

[17] "Financial Stability Implications of CBDC", with Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, and Arazi Lubis

    International Journal of Central Banking

[16] "Sudden Stops and Optimal Policy in a Two-agent Economy", with Nina Biljanovska, 

Journal of International Economics

[15] "Optimal Bank Regulation in the Presence of Credit and Run Risk", with Anil Kashyap and Dimitrios Tsomocos, 

Journal of Political Economy

[14] "Financial Stability Implications of Digital Assets", with P. Azar, G. Baughman, F. Carapella, J. Gerszten, A. Lubis, JP Perez-Sangimino, D. Rappoport, C. Scotti, N. Swem, A. Werman, 

Economic Policy Review 

[13] "A Macroprudential Perspective on the Regulatory Boundaries of US Financial Assets", with Arseneau, Brang, Darst, Faber, and Rappoport, 

Journal of Financial  Crises

[12] "Collateral Runs", with Sebastian Infante,  

Review of Financial Studies 

[11] "Private and Public Liquidity in OTC markets", with David Arseneau and David Rappoport, 

Theoretical Economics  

[10] "Capital taxation with heterogeneous discounting and collateralized borrowing", with Nina Biljanovska, 

Journal of  Macroeconomics  

[9] "On Default and Uniqueness of Monetary Equilibria", with Li Lin and Dimitrios P. Tsomocos, 

Economic Theory 

[8] "Debt deflation effects of Monetary Policy", with Li Lin and Dimitrios P. Tsomocos, 

Journal of Financial Stability 

[7] "A Reconsideration of Minsky's Financial Instability Hypothesis", (with S. Bhattacharya, CAE Goodhart and D.P. Tsomocos), 

Journal of Money, Credit and Banking  

[6] "Capital Regulation in a Macroeconomic Model with Three Layers of Default", with Laurent Clerc, Alexis Derviz, Caterina Mendicino, Stephane Moyen, Kalin Nikolov, Livio Stracca and Javier Suarez, 

International Journal of Central Banking

[5] "Collateral and the Efficiency of Monetary Policy", with Udara Peiris, 

Economic Theory

[4] "Savings and Default", with Udara Peiris, 

Economic Theory

[3] "An Integrated Framework for Analyzing Multiple Financial Regulations",  with Charles Goodhart, Anil K Kashyap and Dimitrios Tsomocos, 

International Journal of Central Banking

[2] "On dividend restrictions and the collapse of the interbank market", with Charles A.E. Goodhart, Udara Peiris and Dimitrios P. Tsomocos, 

Annals of Finance 

[1] "Modeling a Housing and Mortgage Crisis", with Charles A.E. Goodhart and Dimitrios P. Tsomocos,  

in Financial Stability, Monetary Policy, and Central Banking, edited by Rodrigo A. Alfaro. Central Bank of Chile