Working Papers

  • Housing Price Booms and Crowding-Out Effects in Bank Lending, with Itay Goldstein and Andrew MacKinlay [pdf]
    • Award: Marshall Blume Award in Financial Research (Best Working Paper), Wharton, 2013. 
    • Presentations: 2016: University of Colorado*, Federal Reserve Board*, World Bank Conference on Finance and Development*. 2015: International Monetary Fund*, George Washington University*, Federal Reserve Boston*, UT Austin*, Lehigh University*, University of Alberta*, University of Georgia*, Virginia Tech*. 2014: Adam Smith Conference (Joint Asset Pricing and Corporate Finance Session), European Central Bank Conference on The Optimal Size of the Financial Sector (Invited Presentation as top contribution on the theme of contribution to the real economy), Financial Intermediation Research Society, Bank for International Settlements*, Bank of Canada*, Central Bank of Chile*. 2013: NBER Summer Institute - Corporate Finance and Risks of Financial Institutions, Rothschild Caesarea Center 10th Annual Conference at the Arison School of Business, IDC, SFS Finance Cavalcade, Western Finance Association Conference, University of Miami, European Finance Association, FDIC Bank Research Conference, Louisiana State University, Boston College*, University of Virginia*. 
    • Media Coverage: The Economist CFA Institute Financial Newsbrief Chicago Tribune VOX Reuters Financial Times
  • Monetary Stimulus and Bank Lendingwith Itay Goldstein and Andrew MacKinlay [pdf]
    • Award: Douglas D. Evanoff Best Paper, The Chicago Financial Institutions Conference 2016.
    • Presentations: 2017: University of Florida*, Brandeis University*, ECB, Federal Reserve Bank of St. Louis, NBER Summer Institute Corporate Finance, University of Gothenburg, Lund University, Finance Down Under Conference, University of California Irvine*, Cornell University*, University of Chicago*,  University of Oslo, Barcelona GSE Summer Forum (Keynote speech by co-author), Annual Conf. by Arison School of Business, IDC, Banco de Portugal Conference on Financial Intermediation. 2016: UNC Jackson Hole Conf., Chicago Financial Institutions Conf. (Best paper award), Third International Conference on Sovereign Bond Markets (Real and Financial Externalities of Non-Traditional Monetary Policy Tools, Sponsored by NYU Stern Salomon Center), SFS Cavalcade (Bank of Canada Session), Western Finance Association, European Finance Association (European Central Bank Special Session), SIFR Conference on Credit Markets After the Crisis, FDIC Bank Research Conference, NFA, Federal Reserve Atlanta (The Impact of Extraordinary Monetary Policy on the Financial Sector).
  • Does Source of Capital Affect Investment and Firm Value?  
    • Awards: Shmuel Kandel Award (Outstanding Ph.D. Student in Financial Economics), Utah Winter Finance 2010, Morgan Stanley Research Award, Wharton Rodney L. White Center for Financial Research 2009. 
    • Presentations: 2010: American Finance Association Annual Meetings, Federal Reserve Bank of San Francisco, University of Virginia, University of North Carolina, Penn. State University, Southern Methodist University, Emory University, Federal Reserve Bank of New York. 2009: Financial Management Association Annual Meetings, Lehigh University.
 Publications

(* seminar presentation by co-author.)