Work in Progress
The Asymmetric Bank Distress Amplifier of Recessions
Rethinking the Macroeconomic Effects of Capital Flows (with Jongrim Ha, M. Ayhan Kose, and Francis E. Warnock)
External Finance in Emerging Markets and Developing Economies: A Tale of Differences in Vulnerabilities (with Gian Maria Milesi-Ferretti)
Publications
Resolving Puzzles of Monetary Policy Transmission in Emerging Markets (with Jongrim Ha, M. Ayhan Kose, and Eswar S. Prasad)
European Economic Review, 173, April 2025, 104957
[NBER WP] [World Bank Policy Research Working Paper] [CEPR Discussion Paper] [IZA Discussion Paper]
Loan Growth and Quality over the Credit Cycle (with Wook Sohn)
International Review of Economics & Finance, Volume 95, September 2024, 103459.
A Survey of the Literature on Banking in Korea: A Decade on from the Global Financial Crisis (with Wook Sohn)
Asian Review of Financial Research, 35(1), February 2022, 89-149.
The Effect of Bank Capital on Lending: Does Liquidity Matter? (with Wook Sohn)
Journal of Banking and Finance, Volume 77, April 2017, 95-107.