Associate Professor of Finance, University of Alberta
Francis Winspear Professor of Business
Associate Professor of Finance, University of Alberta
Francis Winspear Professor of Business
Research
Published and Forthcoming Papers
Commodity Trade and the Carry Trade: A Tale of Two Countries, with Rob Ready and Nick Roussanov, Journal of Finance, 2017, 72(6), 2629—2684
2016 Jacobs Levy Center Research Paper Prize for Best Paper
2015 AQR Insight Award, Winner
2014 Utah Winter Finance Conference, Best Paper Prize
After the Tide: Commodity Currencies and Global Trade, with Rob Ready and Nick Roussanov, Journal of Monetary Economics, 2017, 85, 69—86
Is the IT Revolution Over? An Asset Pricing View, Journal of Monetary Economics, 2020, 114, 283—316
International Trade and the Risk in Bilateral Exchange Rates, with Ramin Hassan, Erik Loualiche, and Alexandre R. Pecora, Journal of Financial Economics, 2023, 150(2)
Appropriated Growth, with Yuchen Chen, Xuelin Li, and Richard T. Thakor, Journal of Financial Economics, 2026, 176
Monetary Policy Transmission through the Exchange Rate Factor Structure, with Erik Loualiche, Alexandre R. Pecora, and Fabricius Somogyi, Journal of Financial Economics, Forthcoming
Working Papers
Agency in Intangibles, R&R, Review of Financial Studies
Financial Gravity in Foreign Exchange, with Erik Loualiche, Alexandre R. Pecora, and Fabricius Somogyi
The Real Cost of FX Hedging, with Jay Hyun and Goli Omidali
Inward Betas, with Erik Loualiche and Fabricius Somogyi
The Visible Hand: Managerial Allocation and Business Productivity, with Yuchen Chen
Other Papers
A Model of Market Discipline, with Chao Ying
Understanding the Behavior of Distressed Stocks, with Yasser Boualam and João Gomes
2017 WFA QMA Award for Best Paper on Investment Management
Shifts in Sectoral Wealth Shares and Risk Premia: What Explains Them?, with Ravi Bansal and Amir Yaron
Is the Share of the NYSE/AMEX/NASDAQ Going to Zero?, with Amir Yaron
Teaching
University of Alberta
Fixed Income, Undergraduate and MBA, 2025—
Quantitative Finance, PhD, 2026—
University of Minnesota
Financial Markets and Interest Rates, Undergraduate and MBA, 2014—2024
Financial Econometrics and Computational Methods, Undergraduate and Masters, 2016—2024
Updated April 2026