At Journal Stage:
Trade Uncertainty and U.S. Bank Lending (with Ricardo Correa, Julian di Giovanni and Linda Goldberg), NBER Working Paper 31860. R&R, Journal of Financial Economics.
Zombie Lending to U.S. Firms (with Giovanni Favara and Ander Perez-Orive), FRB Atlanta WP No 2024-7. Featured in Faculti.net interview "How capital rules redirect zombie lending." R&R, Management Science.
Why Does the Yield Curve Predict GDP Growth? The Role of Banks (with Andres Schneider and Min Wei). FEDS Working Paper 2023-49. Submitted.
Prepayment Option and Firm Risk-Taking: Theory and Evidence from Bank Loans (with Qi Liu, Elena Loutskina, Xunhua Su, and Bo Sun). Submitted.
Bank Financing of Global Supply Chains (with Laura Alfaro, Mariya Brussevich, and Andrea Presbitero). NBER Working Paper 33754. Featured in NBER Digest "Financial institutions and supply chain dynamics", The Banker, Let's Talk Supply Chain newsletter, and Bloomberg. My presentation at the 2025 ECB Annual Monetary Policy Conference is available on YouTube. Submitted.
Work-in-Progress:
Shock Propagation through Bank-Nonbank Linkages: Evidence from Private Credit (with Manasa Gopal and Veronika Penciakova).
Household Macroprudential Policies, Corporate Credit, and Resilience to Macro Shocks (with Inci Gumus, Tumer Kapan, and Cihan Yalcin).
Resting Working Papers:
How Do Banks Adjust to Stricter Supervision? (with Maximilian Eber).
Bank Credit Lines and the Liquidity Insurance versus Credit Provision Tradeoff (with Tumer Kapan).