I am a Professor of Economics and Finance at University College London
NEW - Central banks rate rises feed into borrowing rates, but they should also boost saving rates. Read my latest column in @ConversationUK to learn how this can, and should be done through monetary policy
Main Fields of Interests
Financial Intermediation, Banking Regulation, Macroeconomics, and Political Economy.
Financial Contagion, In: Gerard Caprio (ed.), Handbook of Safeguarding Global Financial Stability: Political, Social, Cultural, and Economic Theories and Models, 2013, Vol.2, pp. 139-143. Oxford: Elsevier. (with Robert Kollmann)
Self-fulfilling Liquidity Dry-ups, Journal of Finance, Vol. 69, pp. 947-970, 2014.
Non-technical summary to appear in FAMe. (link)
Get Rid of Unanimity Rule: The Superiority of Majority Rules with Veto Power, (with Laurent Bouton and Aniol Llorente-Saguer) Journal of Political Economy, 126(1), pp. 107-149, 2018.
Optimal Capital Requirements over the Business and Financial Cycles, American Economic Journal: Macroeconomics, Vol .12, No. 3, pp. 139-174, 2020.
The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending (with Saleem Bahaj), Journal of Finance, Vol. 75, pp3013-3053, 2020.
The Cross-border Effects of Bank Capital Regulation (with Saleem Bahaj), Jan 2023. (Also CEPR DP16148).
Beyond Pangloss: Financial Sector Origins of Inefficient Economic Booms (with Michael McMahon), CEPR DP15180, September 2022. Online appendix. R&R, Journal of Monetary Economics
What Determines how Banks Respond to Changes in Capital Requirements? (with Saleem Bahaj, Jon Bridges, and Cian O'Neill).
If you are a London based researcher working on Financial Intermediation Theory (broadly defined), you may want to join the London Financial Intermediation Theory Network. Just drop me an email if you are interested.