About
Curriculum vitae [pdf]
Ph.D. in Economics from Cornell University
Bachelors and Masters in Mathematics from IIT Kanpur
Focus Areas: Financial intermediation, Financial Regulation, Stablecoins and CBDCs, Inflation expectations
Publications
- Journal of Economic Dynamics and Control (JEDC), 2025, forthcoming
Does regulation only bite the less profitable? Evidence from the too-big-to-fail reforms (with Ulf Lewrick, Aakriti Mathur) [paper]
- Journal of Money, Credit, and Banking (JMCB), 2024
- Third Best Paper prize at IFC 2021
- Journal of Banking and Finance (JBF), 2024
- First Best Paper prize at IFC 2022
Subsidy-driven firm growth: Does loan history matter? Evidence from a European Union subsidy program (with Adam Banai, Almos Telegdy, Elod Takats) [paper]
- Journal of Corporate Finance (JCF), 2024
- Journal of Payments Strategy and Systems, 2024
- Featured research at the DC Fintech Week 2023
- Mention in central bank governor speech
- SUERF policy brief
Bank capital allocation under multiple constraints (with Ulf Lewrick, Nikola Tarashev) [paper] [codes]
- Journal of Financial Intermediation (JFI), 2020
Research in progress
Household sentiments and the transmission of monetary policy (with Fiorella De Fiore and Jing Lian Suah)
Making stablecoins stable(r): Can regulation help? (with Ulf Lewrick and Isha Agarwal)
Policy papers
How can central banks take account of differences across households and firms for monetary policy? (with Yingwei Dong, Emanuel Kohlscheen and Philip Wooldridge)
- BIS Papers No 157, June 2025
From financial inclusion to financial health (with Carlos Cantu, Jon Frost, and Jermy)
- BIS Bulletin No 85, March 2024
Beyond technology: Considerations for retail CBDC adoption in Asia-Pacific (with Sally Chen, Han Qiu)
- Journal of Payments Strategy and Systems, 2023
Rising household inflation expectations: what are the communication challenges for central banks? (with Fiorella De Fiore, Deniz Igan, Richhild Moessner)
- BIS Bulletin No 55, May 2022
CBDCs in emerging market economies (with Sally Chen, Han Qiu and Ilhyock Shim)
- BIS Papers No 123, April 2022
Anchoring of Inflation Expectations: has past progress paid off? (with Kostas Tsatsaronis)
- BIS Bulletin No 51, March 2022
The monetary-fiscal policy nexus in the wake of the pandemic (with Konstantinos Tsatsaronis, Michael Chui, Aaron Mehrotra)
- BIS Papers No 122, March 2022
Bonds and syndicated loans during the Covid-19 crisis: decoupled again? (with Jose Maria Serena Garralda) [link]
- BIS Bulletin No 29, August 2020
- Media coverage [Bloomberg] [Bloomberg] [Global Capital] [FT]
EME government debt: cause for concern? (with Carlos Cantu and Jochen Schanz) [link]
- BIS Quarterly Review, June 2020
- Media coverage [Voxeu]
Playing it safe: Global Systemically Important Banks since the crisis (with Ulf Lewrick and Aakriti Mathur) [link]
- BIS Quarterly Review, Sep 2019
- Media coverage [Risk.net] [Bloomberg]
The rise of leveraged loans: a risky resurgence? [link]
- BIS Quarterly Review, Sep 2018
- Media coverage [FT] [FT Alphaville] [Bloomberg] [Business Times] [S&P Global] [Economic Times] [Forbes] [IFR]
Contact
E-Mail: tirupam at gmail.com, tirupam.goel at bis.org [a]
Disclaimer
The views expressed on this webpage are my own and do not necessarily reflect those of the BIS.