My research focuses on the intersection of financial regulation, real estate, and household finance, with a particular emphasis on evaluating prudential and public policy as well as assessing climate-related risks.
My research focuses on the intersection of financial regulation, real estate, and household finance, with a particular emphasis on evaluating prudential and public policy as well as assessing climate-related risks.
JOURNAL PUBLICATIONS
(When) do banks react to anticipated capital refliefs?
accepted for publication in the International Journal of Central Banking
with G. Arnould, S. Ongena and P. Siciliani
The effects of subsidised flood insurance on real estate markets
Journal of Risk and Insurance, November 2024
with N. Garbarino and J. Lee
The greening of lending: mortgage pricing of energy transition risk
Economics Letters, Volume 230, September 2023
with J. Bell and G. Battisti
Stranded houses? The price effect of a minimum energy efficiency standard
Energy Economics, Volume 120, April 2023
with K. Ferentinos and A. Gibberd
previously circulated as "Climate Policy and Transition Risk in the Housing Market"
Risk differentials between green and brown assets?
Economics Letters, Volume 213, April 2022
with P. Korhonen and S. Moktan
previously circulated as "Does energy efficiency predict mortgage performance?"
High water, no marks? Biased lending after extreme weather
Journal of Financial Stability, Volume 54, June 2021
with N. Garbarino
Deposit withdrawals from distressed commercial banks: Client relationships matter
Journal of Financial Stability, Volume 46, June 2020
with M. Brown and S. Morkötter
previously circulated as "Switching Costs, Deposit Insurance and Deposit Withdrawals from Distressed Banks"
Microfinance Banks and Financial Inclusion
Review of Finance, Volume 20, June 2016
with M. Brown and K. Kirschenmann
Individual Mortgage Choice and Aggregate Mortgage Risk - Evidence from Switzerland
Swiss Journal of Economics & Statistics, Volume 151, June 2015
with M. Brown
WORKING PAPERS
Insurers Monitor Shocks to Collateral: Micro Evidence from Mortgage-backed Securities
Bank of England Staff Working Paper No. 1,119
with T. Fetzer, F. Netto and F. Saidi
The anatomy of a shock to residential real estate: the role of lending
Bank of England Staff Working Paper No. 1,111
with S. Moktan and L. Clarke
Understanding Climate-Related Disclosures of UK Financial Institutions
Bank of England Staff Working Paper No. 1,017
with J. Acosta-Smith, M. Salgado-Moreno and Q.-A. Vo
House Price Externalities of a Minimum Energy Efficiency Standard
Warwick economics research papers series No.1,562
with L. Barile and E. Sandi
(When) do banks react to anticipated capital refliefs?
Bank of England Staff Working Paper No. 889
with G. Arnould, S. Ongena and P. Siciliani
Culture and Household Saving
single-authored
PERMANENT WORKING PAPERS
How do banks and households manage interest rate risk? Evidence from mortgage application and offer data
Bank of England Staff Working Paper No. 733
with C. Basten and C. Koch
BLOG POSTS AND FURTHER PUBLICATIONS
Understanding Climate-Related Disclosures of UK Financial Institutions
with J. Acosta-Smith, M. Salgado-Moreno and Q.-A. Vo
The effects of subsidised flood insurance on real estate markets
with N. Garbarino and J. Lee
Capital and climate: some outstanding issues
with M. Bardoscia and M. Tanaka
Efficiently green? What a simple metric can tell us about banks’ exposure to energy price shocks and the transition to a green economy
single-authored
How do lenders adjust their property valuations after extreme weather events?
with N. Garbarino
Insulated from risk? The relationship between the energy efficiency of properties and mortgage defaults
with P. Korhonen
Who withdraws money from distressed banks?
with M. Brown and S. Morkötter
Microfinance Commercialization and Mission Drift
Swiss Journal of Business Research and Practice (2012)
with M. Brown and K. Kirschenmann
WORK IN PROGRESS
This version: 7 October 2025