Working papers

(with Mathi Danmark): Hybrid Bank Capital: The Economics of Uneconomic AT1 Calls  (September 2026)

(with Jens Dick-Nielsen and Zhuolu Gao): Bank Equity Risk (July 2024)

(with Zhuolu Gao, Mikkel V. Hauerberg, and Alexander K.Tetzlaff):  Forgiven but not forgotten: Emerging-market credit spreads following debt relief   (August, 2025)