Blogs & Policy
Blog Entries and Policy Contributions
How Central Bank Swap Lines Affect the Leveraged Loan Market, Chicago Fed Letter No. 446, September 2020; FEDS Note November 2020
(joint with Annie McCrone, Ralf Meisenzahl, and Friederike Niepmann)
Who Owns U.S. CLO Securities? An Update by Tranche, FEDS Note, June 2020.
(joint with Laurie DeMarco and Emily Liu)
Stress Tests can limit international spillovers of accommodative monetary policy, VoxEU, February 2020.
(joint with Friederike Niepmann and Emily Liu) Based on The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets.
Who Owns U.S. CLO Securities?, FEDS Note, July 2019 (joint with Emily Liu).
When the Dollar appreciates, U.S. corporate credit tightens, VoxEU, February 2019.
(joint with Friederike Niepmann) Based on Institutional Investors, the Dollar, and U.S. Credit Conditions.
Trade Finance Around the World, VoxEU, June 2016.
(joint with Friederike Niepmann) Based on International Trade, Risk and the Role of Banks.
No Guarantees, No Trade!, NY Fed, Liberty Street Economics Blog, March 2015.
(joint with Friederike Niepmann) Based on No Guarantees, No Trade: How Banks Affect Export Patterns.
The role of bank guarantees in international trade, VoxEU, November 2014.
(joint with Friederike Niepmann) Based on No Guarantees, No Trade: How Banks Affect Export Patterns.
Why U.S. Exporters Use Letters of Credit, NY Fed, Liberty Street Economics Blog, May 2014.
(joint with Friederike Niepmann) Based on International Trade, Risk and the Role of Banks.
The Trade Finance Business of U.S. Banks, NY Fed, Liberty Street Economics Blog, May 2014.
(joint with Friederike Niepmann) Based on International Trade, Risk and the Role of Banks.
Bank bailouts in a global economy: the challenges for international cooperation, LSE, British Politics and Policy, April 2011.
(joint with Friederike Niepmann) First appeared in CEP Centerpiece 335; based on Bank Bailouts, International Linkages and Cooperation.
Blogs based on my papers (written by other authors)
Bank Financing Played Big Role in Trade Collapse, Wall Street Journal, Real Time Economics Blog, January 2014.
(joint with Friederike Niepmann) Based on No Guarantees, No Trade: How Banks Affect Export Patterns.
Other policy relevant activities
Rethinking Trade & Finance ICC Global Trade and Finance Survey 2015, Member of the Editorial Committee.
Rethinking Trade & Finance ICC Global Trade and Finance Survey 2014, Member of the Editorial Committee.