Research

Publications

Does regulation only bite the less profitable? Evidence from the too-big-to-fail reforms, with Tirupam Goel and Ulf Lewrick

Forthcoming, Journal of Money, Credit, and Banking

• Blogpost: Bank Underground; Media coverage: Central Banking; Yale Program on Financial Stability; Brookings: Hutchins Round-up 

• Awards: Third best paper award at IFC 2021 

Equity market responses to surprise Covid-19 lockdowns: The role of pandemic-driven uncertainty, with Rajeswari Sengupta and Bhanu Pratap Singh

Journal of Asian Economics, April 2024, Volume 91, 101691

• Blogpost: The Leap Journal 

• Awards: Best paper award at SEBI-NISM 2021 conference

Playing it safe: Global systemically important banks after the crisis, with Tirupam Goel and Ulf Lewrick

BIS Quarterly Review, September 2019

• Media coverage: Bloomberg, Risk.net

Under review/ revision

Creditable capital: Macro-prudential regulation and bank lending in stress, with Matthew Naylor and Ani Rajan

Submitted

• Previously circulated under the title "Useful, usable, and used? Buffer usability during the Covid-19 crisis"

• Media coverage: Central Banking

Working papers and papers in progress

In the dangerzone! Regulatory uncertainty and voluntary bank capital surpluses, with Peter Eckley and Bill Francis

Analysing the RBI's monetary policy communication, with Rajeswari Sengupta 

• Blogpost: VoxEU; Media coverage: Bloomberg

• Policy impact: RBI's Report on Currency and Finance 2020-21

A fistful of dollars: Channels of transmission of global funding shocks to emerging markets, with Shekhar Hari Kumar

• Blogpost: Bank Underground

Distribution restrictions, bank lending, and risk-taking, with Edoardo Chiarotti and Ani Rajan

• Policy impact: Cited in a speech by Vicky Saporta (Executive Director, Bank of England) and BCBS report on “Buffer usability and cyclicality in the Basel framework” in 2022  

Invited discussions and service

Financial Frictions, Zombie Firms and the Macroeconomy (discussant) 2023  
Southern Finance Association (scientific committee member)
NTNU, Norway (external member for PhD defence)

Advanced analytics: new methods and applications for macroeconomic policy (discussant) 2022
IFABS (scientific committee member)

Policy work

Speech by Vicky Saporta on emerging prudential lessons from the Covid stress, July 2021 

WTO-World Bank report on Trade and Poverty, 2015

Economic Survey of India, 2013-14

Financial Sector Legislative Reforms Committee report, 2012

The views expressed are solely of the author and should not be interpreted as reflecting the views of the Bank of England or any of its committees.