Published Papers
“Managing Stigma during a Financial Crisis” Journal of Financial Economics, 2018.
The Quality of Banks at Stigmatized Lending Facilities with Angela Vossmeyer (Claremont McKenna College) AEA Papers and Proceedings, 2019.
Does hedging with derivatives reduce the cost of corporate debt? The role of basis risk with Alessio Saretto (UT Dallas) & Heather Tookes (Yale SOM). Journal of Financial Stability, 2019.
Liquidity from Two Lending Facilities with Angela Vossmeyer (Claremont McKenna), Journal of Financial Intermediation, 2020.
How Has Monetary and Regulatory Policy Affected Trading Relationships in the US Repo Market? with Zeynep Senyuz (Federal Reserve Board) International Journal of Central Banking, 2022.
A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-1954 with Mark Carlson (Federal Reserve Board), Christopher Hanes (SUNY Binghamton), & David Wheelock (Federal Reserve Bank of St. Louis)
"The Effect of the PPPLF on PPP Lending by Commercial Banks" joint with Mark Carlson (Federal Reserve Board) and Mary-Frances Styczynski (Federal Reserve Board) Journal of Financial Intermediation, 2023.
"The Value of Professional Ties in B2B Markets" joint with Navid Mojir (Harvard Business School) Marketing Science, 2025.
FEDS & Working Papers
Treasury Financing by Hedge Funds: A Tale of Three Channels with Alyssa Anderson (U Florida), Marco Macchiavelli (U Amherst), Andy Xia (NYU Stern)
Relationship Dynamics in the Federal Funds Market with Alyssa Anderson (U Florida), Ben Eyal (Boston College)
"Beyond Reserves: The Federal Reserve's Balance Sheet and the Repo Market" (formerly "Stop Believing in Reserves) joint with Alyssa Anderson (U Florida), Ethan Cohen (U Minnesota), and Romina Ruprecht (Federal Reserve Board) R&R at the Journal of Finance
Aggregate Collateral Demand with Toomas Laarits (NYU Stern), Chase Ross (U Florida), Sharon Ross (U Florida) R&R at the Journal of Financial Economics
"A Tale of Demand and Supply for Central Bank Reserves" with Sebastian Infante (Chilean Central Bank) and Zeynep Senyuz (Federal Reserve Board)
"The Importance of Repo Trading Relationships during Market Stress" joint with Alyssa Anderson (Federal Reserve Board) and Zeynep Senyuz (Federal Reserve Board) R&R at the Journal of Financial Intermediation
"Are Repo Markets Fragile? Evidence from September 2019" joint with Alyssa Anderson (Federal Reserve Board) and Zeynep Senyuz (Federal Reserve Board)
FEDS Notes
Repo Markets and the Fed’s Balance Sheet: Implications for Monetary Policy Implementation with Alyssa Anderson (U Florida), Lucy Cordes (FRB), and Romina Ruprecht (FRB)
Bankers’ Banks and their Role in the Federal Funds Market (2025) with Alyssa Anderson (U Florida) and Ben Eyal (Boston College)
“The Re-emergence of the Federal Reserve Funds Market in the 1950s” (2019) with Mark Carlson (Federal Reserve Board)
"What Happened in Money Markets in September 2019?” (2020) with Alyssa Anderson (Federal Reserve Board) and Zeynep Senyuz (Federal Reserve Board)
Works in Progress
"Predictive Analyses of Bank Examinations" with Mark Carlson (Federal Reserve Board) & Angela Vossmeyer (Claremont McKenna)