Publications

• Financing Competitors: Shadow Banks' Funding and Mortgage Market Competition (01/2023)[SSRN][Link to Publication]

  • Review of Financial Studies, 2023, Lead Article, Editor's Choice

  • WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research 2020

  • Tommy Talk on my shadow bank research

• Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? (09/2023 updated) [SSRN][NBER]

with Gregor Matvos, Tomasz Piskorski, and Amit Seru

• Journal of Financial Economics, Accepted 

• Featured in NBER Digest [Link]

• Press: Wall Street Journal [Link], Financial Times [Link][Link], Washington Post [Link] [Link],  Bloomberg [Link], MarketWatch [Link], DailyMail [Link]

• The Impact of Minority Representation at Mortgage Lenders (07/2023)

with Scott Frame, Ruidi Huang, Yeonjoon Lee, Will Liu, Erik Mayer, and Adi Sunderam 

• Journal of Finance, Forthcoming

• This paper combines the working papers “Reducing Racial Disparities in Consumer Credit: The Role of Minority Loan Officers in the Era of Algorithmic Underwriting” by Jiang, Lee, and Liu and “The Impact of Minority Representation at Mortgage Lenders” by Frame, Huang, Mayer, and Sunderam.

• SSRN link to the working paper version: [SSRN]

• World Bank All About Finance Blog [Link]

• Government and Private Household Debt Relief during COVID-19 (01/2021) [SSRN][NBER][Link to Publication]

with Susan Cherry, Gregor Matvos, Tomasz Piskorski and Amit Seru

• Brookings Papers on Economic Activity, 2022 

• Press: NBER Digest  [Link], USC Marshall Feature Article [Link], Fortune [Link], Money Magazine [Link], Brookings [Link]

• INET Debt Talks: The Case for Household Debt Relief 

• Shadow Bank Distress and Household Debt Relief: Evidence from the CARES Act (01/2022) [Link to Publication]

with Susan Cherry, Gregor Matvos, Tomasz Piskorski and Amit Seru

• • AEA Papers and Proceedings, 2022