I am an Assistant Professor of Finance in HEC Paris. Before joining HEC in 2014 I spent two wonderful years at the ECB in the Financial Research Division. 

In my research I study how financial institutions and frictions impact the functioning of financial markets, the formation of prices and the allocation of resources and risks in the economy. I focus particularly on the microeconomics of banking and financial markets microstructure, but am interested more generally in financial and applied microeconomics.

Where to meet me in the coming months:

- I will present "Trading Frictions in the Interbank Market, and the Central Bank" at FIRS Conference in Hong-Kong on June 5-7, and will also discuss the paper "A Tale of One Exchange and Two Order Books: Effects of Fragmentation in the Absence of Competition", by Alejandro Bernales, Italo Riarte, Satchit Sagade, Marcela Valenzuela, and Christian Westheide, and the paper "Shock Propagation through Cross-Learning in Opaque Markets", by Jan Schneemeier

- I will discuss the paper "Dealer Balance Sheets and Bond Liquidity Provision", by Tobias Adrian, Nina Boyarchenko, and Or Schachar, at the conference "Regulating Financial Markets" in Frankfurt on June 12

- I will present "Optimal Supervisory Architecture and Financial Integration in a Banking Union" at the Bundesbank's Spring Conference in Frankfurt on June 13

- I will discuss the paper "Exchange Competition and Order Splitting", by Sarah Draus, at the 2nd Dauphine Market Microstructure Workshop, in Paris, on June 15-16

- I will present "Financial Restructuring and Resolution of Banks" at the De Nederlandsche Bank/Riksbank Macroprudential Conference Series in Amsterdam on June 20-21

- I will present "Multinational Banks and Supranational Supervision" at the EFA Meetings in Mannheim on August 23-26. I will also discuss "Trading Fees and Intermarket Competition", by Marios Panayides, Barbara Rindi, and Ingrid Werner

- I will present "Optimal Supervisory Architecture and Financial Integration in a Banking Union" at the AFA Meetings in Philadelphia on January 5-7, 2018. 

Last updates and news:

- April 2017: Substantial revision of "Cash Providers: Asset Dissemination over Intermediation Chains".

- February 2017: New version of "Multinational Banks and Supranational Supervision".

- December 2016: I am now the doting father of twin sons Joseph and Marin, my best works by far (with a fantastic coauthor)!

- October 2016: "Financial Transaction Taxes, Market Composition, and Liquidity" accepted at the Journal of Finance.

April 2016: New paper, "Multinational Banks and Supranational Supervision".

- February 2016: Substantial revision of "Financial Transaction Taxes, Market Composition, and Liquidity".