• 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

"Leverage Regulation and Housing Inequality" (2026),

with Jens Kvaerner and Yushi Peng, revise and resubmit at Review of Financial Studies

”The Shadow Value of Central Bank Lending” (2025),

with Ugo Albertazzi, Lorenzo Burlon, and Tomas Jankauskas

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

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

"Housing Tenure, Welfare, and Distributional Effects of Short-Term Rental Platforms" (2026),

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

• Work in Progress

”The Value of Information in Relationship Lending”,

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

"Financing Renewables",

with Tomas Jankauskas, Gil Nogueira, Mar Reguant

"Banks, Insurers, and Pension Funds: An Equilibrium Model of Mortgage Origination and Funding",

with Mauro Mastrogiacomo and Marc Stam