Research

Journal Publications

Reducing large net foreign liabilities (2019), Review of International Economics, vol. 27, pp. 549-577, with Michael Fidora and Céline Tcheng. ECB WP version.

Cross-border banking in the EU after the crisis: what is driving the great retrenchment? (2019), Review of World Economics, vol. 155, pp. 287-326, with Lorenz Emter and Marcel Tirpák. ECB WP version.

Taking gravity online: the role of virtual proximity in international finance (2017), Journal of International Money and Finance, vol. 77, pp. 164-179, with Christiane Hellmanzik. Coverage on voxeu.org. ECB WP version.

The great moderation in international capital flows: a global phenomenon? (2017), Journal of International Money and Finance, vol. 73, pp. 188-212, with Peter McQuade. Coverage on Wall Street Journal, Economonitor, centralbanking.com. ECB WP version.

The impact of cultural exceptions: audiovisual services trade and trade policy (2016), Applied Economics Letters, Vol. 23, pp. 695-700, with Christiane Hellmanzik.

Virtual proximity and audiovisual services trade (2015), European Economic Review, Vol. 77, pp. 82-101, with Christiane Hellmanzik. ECB WP version.

Financial Remoteness and the Net External Position (2014), Review of World Economics, Vol. 150, pp. 191-219. ECB WP version.

Financial Markets and International Risk Sharing in Emerging Market Economies (2013), International Journal of Finance & Economics, Vol. 18, pp. 266-277. Coverage on centralbanking.com. ECB WP version.

Revisiting the effective exchange rates of the euro (2013), Journal of Economic and Social Measurement, Vol. 38, pp. 127-158, with Maarten De Clercq, Michael Fidora, Bernadette Lauro and Cristina Pinheiro. ECB OP version.

Financial Reforms and Capital Flows to Emerging Europe (2011), Empirica, Vol. 38, pp. 579-605.

Channels of international risk-sharing: capital gains versus income flows (2011), International Economics and Economic Policy, Vol. 8, pp. 45-78, with Thierry Bracke. ECB WP version.

Financial Markets and International Risk Sharing (2010), Open Economies Review, Vol. 21, pp. 413-431.