Main publications

• Supervisory Arbitrage and Real Effects (with Thorsten Beck and Wolf Wagner), Journal of Corporate Finance, 2025.

• Supervisory Cooperation and Regulatory Arbitrage (with Thorsten Beck and Wolf Wagner), Review of Finance, 2025.

• The Economics of Supranational Supervision (with Thorsten Beck and Wolf Wagner), Journal of Financial and Quantitative Analysis, 2023.

• Holding Company Affiliation and Bank Stability: Evidence from the US banking sector (with Radoslav Raykov), Journal of Corporate Finance, 2020.

• Systemic Risk and Competition Revisited, Journal of Banking and Finance, 2019.

• Active Risk Management and Banking Stability, Journal of Banking and Finance, 2016.

• Financial Innovation and Bank Behavior: Evidence from Credit Markets (with Lars Norden and Wolf Wagner), Journal of Economic Dynamics and Control, 2014.

Other publications 

• International banking and cross-border supervisory cooperation: Lessons from Latin America (with Matías Ossandon and Wolf Wagner), Latin American Journal of Central Banking, 2025.

Working papers

• Expected Bail-in Costs, Bank Risk-taking and Real Effects (with Balint Horvath), R&R.

• Asymmetric Systemic Risk (with Radoslav Raykov), R&R.

• The Geoeconomics of International Political Relations and Sovereign Defaults (with Marcela Valenzuela and Ilknur Zer), R&R.