Research

PUBLISHED ARTICLES

Number of google citations as of December 2023:  4793

1. “Unintended Consequences of the Derivatives Markets Reform”, with Steven Ongena, Mike Mariathasan, and Pauline Gandré, presented at the BIS conference on post-crisis financial reform in June 2019, CEPR DP n° 14802, forth Journal of the European Economic Association

2. "The Rise of Foreign Currency Debt: The Role of US Monetary Policy and Capital Controls", (with Philippe Bacchetta and Rachel Cordonier), Journal of International Economics 2023

3. “Inside the Regulatory Sandbox: Effects on Fintech Funding”, with L. Gambacorta, S.Doer, and G. Cornelli, BIS working paper n° 901, forth Review of Finance 

4. "Countercyclical Foreign Currency Borrowing: Evidence from the Eurozone", (with Philippe Bacchetta), Journal of Money Credit and Banking February 2022

5. “Capital Inflows, Monetary Policy, and Financial Imbalances”, (with Erlend Nier (IMF)), Journal of International Money and Finance, December 2017

6. "Precautionary Hoarding of Liquidity and the Interbank Markets: Evidence from the Sub-Prime Crisis", (joint with Viral V. Acharya, NYU Stern), Review of Finance, January 2013 issue 1, 

7. “Bank Capital: Lessons from the Crisis”, (with Asli Demirguc-Kunt (World Bank) and Enrica Detragiache (IMF)), Journal of Money Credit and Banking, 2013

8.  “The Manipulation of Basel Risk-Weights”, (with Mike Mariathasan, Oxford), Oxford University working paper 621 and CEPR working paper 949.  Journal of Financial Intermediation, 2014

9. “Recapitalization, Credit, and Liquidity” (with Mike Mariathasan), Economic Policy, October 2012

10. “Islamic Banking versus Conventional Banking: Business model, Efficiency, and Stability”, (with Asli Demirguc-Kunt and Thorsten Beck), World Bank working papers 5446, MOST DOWNLOADED PAPER, Journal of  Banking and Finance, February 2013 issue 2.

11. "Payment Systems, Inside Money and Financial Intermediation", (with Erlend Nier, IMF), BoE working paper 371, (lead article) Journal of Financial Intermediation, July 2012

12. "Banks’ Intraday Liquidity Management during Operational Outages", (with Jochen Schanz, BoE), Journal of Banking and Finance vol. 34(2), pages 314-323, February 2010, also featured in FT Alphaville 2008

13. "The Long Term Educational Cost of War: Evidence from Landmine Contamination in Cambodia", Journal of Development Studies vol. 47(3), pages 399-416, 2011

14. "Macro-Economic Consequences of Wars: Evidence from Landmine Contamination in Mozambique", Peace Economics, Peace Science and Public Policy Volume 14, Issue 1, 2008

BOOK CHAPTERS AND POLICY REPORTS and NON-REFEREED ARTICLES

1. "The Economics of Large-Value Payment and Settlement: Theory and Policy Issues for Central Banks", Manning M., Nier E., and Schanz J. Eds. (2009), Oxford University Press, Co-author

2. “The Role of the State in the Provisions of Financial Infrastructure”, main contributor, World Bank Global Financial Development Report Chapter V, September 2012

3.  “United Arab Emirates: Technical Assistance Report-Liquidity Management and Forecasting”, IMF Country Reports 22/236

4. "Technological change for climate change": with G. Cornelli, L. Gambacorta, and Jon Frost, SUERF policy Brief 627

5. "The Rise of Foreign Currency Debt: The Role of US Monetary Policy and Capital Controls",  SUERF Policy Brief n° 207

6. “Bank Capital: Lessons from the Crisis”, World Bank Research Digest, 2013

SUBMITTED WORKING PAPERS

1. “Foreign currency debt and expectations”, joint with Kenza Benhima and Isabella Blengini, R&R The Economic Journal

2. "Climate Tech 2.0: Social Efficiency versus Private Returns": with G. Cornelli, L. Gambacorta, and Jon Frost, BIS working paper, Submitted to a journal

3. “Strategic Risk-Modelling by Banks: Evidence from Inside the Black Box”, with Mike Mariathasan and Lisa Sizova, EEA 2019, submitted to a journal 

4. “Bank Bailouts and Moral Hazard”, with Mike Mariathasan and Charlotte Werger, CEPR n° 10311, R&R Journal of Financial Stability 

INTERVIEWS  AND BLOG POSTS

1. Interview on "The Competitive Edge of the UK Fintech sector", FintechNews, https://aclicksaving.com/the-competitive-edge-of-the-uk-fintech-market-lendit-fintech-news/

2. Interview "A Focus on French Fintechs", FintechNews,  https://aclicksaving.com/the-competitive-edge-of-the-uk-fintech-market-lendit-fintech-news/

3. Interview and full article on the colonial origin of comparative development in Algeria, Le Monde de l’ Education  March 2007

4. "Digging for gold: How regulatory sandboxes help fintechs raise funding", VoxEU Feb 2021

5. "Regulatory arbitrage and the G20’s global derivatives market reform", VoxEU May 2020

6. "The Real Cost of Credit Rating Downgrades", VoxEU January 2015

7. "Capital adequacy and hidden risk", with Mike Mariathasan Oxford University,  VoxEU June 2013

8.  “The Global Financial Crisis: What Drove the Build-up?”, with Erlend Nier IMF, VoxEU March 2012 

REFEREE ACTIVITIES

Journal of Finance, Journal of Financial Economics, Review of Finance, Review of Economics and Statistics,  Journal of Financial Intermediation, Journal of Money Credit and Banking, Journal of Economic Dynamics and Control, Applied Economics, Journal of Banking and Finance,  Journal of Corporate Finance, Economic Notes, Journal of International Money and Finance, International Review of Economics and Finance, International Finance, World Development, Peace Economics Peace Science and Public Policy, Journal of Productivity Analysis, North American Economic Journal, International Journal of Central Banking, Journal of Corporate Finance, Journal of Financial Intermediation, Management Science.