Research

PUBLICATIONS and ACCEPTED PAPERS

The Design of a Central Counterparty, with John C.F. Kuong, Journal of Financial of Quantitative Analysis (2023)
A Theory of Liquidity in Private Equity, with David Robinson & Per Strömberg, Management Science (2022)
Asset Scarcity and Collateral Rehypothecation, Journal of Financial Intermediation (2022), 52
Liquidity Fluctuations In Over-the-Counter Markets, Journal of Finance (2022), 77, 2, 1325-1369
A Theory of Repurchase Agreements, Collateral Re-use and Intermediation, with Cyril Monnet & Piero Gottardi, Review of Economic Dynamics (2019), 33, 30-56

WORKING PAPERS

Risk Managers in Banks, with Matthias Efing & Patrick Kampkötter, R&R at the Review of Financial Studies
Can Stablecoins be Stable?, with Adrien d'Avernas & Quentin Vandeweyer
The Soft Carbon Budget Problem, with Philip König & David Pothier

Fragility of Secured Credit Chains, with Cyril Monnet & Piero Gottardi, R&R at Journal of Economic Theory

WORK IN PROGRESS