• Publications

“The Impact of Bank Consolidation on Credit Supply and Performance” (2025),

with Sergio Mayordomo and Emanuele Tarantino, accepted at Review of Financial Studies

"The Value of Financial Intermediation: Evidence from Online Debt Crowdfunding" (2025),

with Fabio Braggion, Alberto Manconi, and Haikun Zhu, accepted at Journal of Financial Economics

Media Coverage: CUHK Machine Lawyering blog column

”The Effects of Policy Interventions to Limit Illegal Money Lending” (2024),

with Kaiwen Leong, Huailu Li, and Christoph Walsh, Journal of Financial Economics, 159

”Welfare and Redistribution in Residential Electricity Markets with Solar Power” (2022),

with Fabian Feger and Doina Radulescu, Review of Economic Studies, 89 (6)

Media Coverage: Ökonomenstimme column (in German)

”Collateral and Asymmetric Information in Lending Markets” (2022), 

with Vasso Ioannidou and Yushi Peng, Journal of Financial Economics, 144

”Asymmetric Information and Imperfect Competition in Lending Markets” (2018),

with Gregory Crawford and Fabiano Schivardi, American Economic Review, 108 (7)

Media Coverage: VoxEu Column

”Do Leaders Affect Ethical Conduct?” (2017),

with Giovanna d’Adda, Donja Darai, and Roberto Weber, Journal of the European Economic Association, 15 (6)

• Working Papers

”The Shadow Value of Unconventional Monetary Policy” (2022),

with Ugo Albertazzi, Lorenzo Burlon, and Tomas Jankauskas, revise and resubmit at Review of Economic Studies

"Leverage Regulation and Housing Inequality" (2025),

with Jens Kvaerner and Yushi Peng

“Market Structure, Vertical Integration and Farmers' Welfare in the Costa Rica Coffee Industry” (2025),

with Fabrizio Leone, Rocco Macchiavello, and Josepa Miquel-Florensa

• Work in Progress

”The Value of Information in Relationship Lending”,

with Pietro Porcari, Giacomo Rodano, Enrico Sette, and Fabiano Schivardi

"The Welfare Effects of Airbnb on the Mortgage Market",

with Ertunç Aydogdu, Fabio Braggion, Mauro Mastrogiacomo, and Yushi Peng

"Financing Renewables",

with Tomas Jankauskas, Gil Nogueira, Mar Reguant

"Demand and Supply of Mortgages and Securitization"

with Mauro Mastrogiacomo and Marc Stam