Brexit, what Brexit? Euro area portfolio exposures to the United Kingdom since the Brexit referendum (2024), International Finance, with Daniel Carvalho. ECB WP version.
Automatic for the (tax) people: information sharing and cross-border investment in tax havens (2024), Economic Policy, with Agustín Bénétrix and Lorenz Emter. Presented at 78th Economic Policy panel.
Distance(s) and the volatility of international trade(s) (2024), European Economic Review. Other versions: ECB Working Paper No. 2252, CEPR Discussion Paper No. 13630, with Arnaud Mehl, Giulia Sabbadini and Cédric Tille. Coverage on voxeu.org.
Euro area monetary policy and TARGET balances: a trilogy (2024), Journal of International Money and Finance, vol. 141, with Jens Eisenschmidt and Danielle Kedan. ECB WP version.
Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: Looking through investment funds (2023), Review of International Economics, with Daniel Carvalho. Other versions: CEPR Covid Economics Issue 65, SUERF Policy Note No. 229, ECB WP version.
The Shock Absorbing Role of Cross-border Investments: Net Positions Versus Currency Composition (2023), Open Economies Review, with Agustín Bénétrix and Beren Demirölmez. Trinity Economics Papers Version.
Real exchange rate misalignments in the euro area (2021), Open Economies Review, vol. 32, pp. 71-107, with Michael Fidora and Claire Giordano. Coverage on centralbanking.com, Il Sole 24 Ore. ECB WP version; Banca d'Italia WP version.
Reducing large net foreign liabilities (2019), Review of International Economics, vol. 27, pp. 549-577, with Michael Fidora and Céline Tcheng. ECB WP version.
Cross-border banking in the EU after the crisis: what is driving the great retrenchment? (2019), Review of World Economics, vol. 155, pp. 287-326, with Lorenz Emter and Marcel Tirpák. ECB WP version.
Taking gravity online: the role of virtual proximity in international finance (2017), Journal of International Money and Finance, vol. 77, pp. 164-179, with Christiane Hellmanzik. Coverage on voxeu.org. ECB WP version.
The great moderation in international capital flows: a global phenomenon? (2017), Journal of International Money and Finance, vol. 73, pp. 188-212, with Peter McQuade. Coverage on Wall Street Journal, Economonitor, centralbanking.com. ECB WP version.
The impact of cultural exceptions: audiovisual services trade and trade policy (2016), Applied Economics Letters, Vol. 23, pp. 695-700, with Christiane Hellmanzik.
Virtual proximity and audiovisual services trade (2015), European Economic Review, Vol. 77, pp. 82-101, with Christiane Hellmanzik. ECB WP version.
Financial Remoteness and the Net External Position (2014), Review of World Economics, Vol. 150, pp. 191-219. ECB WP version.
Financial Markets and International Risk Sharing in Emerging Market Economies (2013), International Journal of Finance & Economics, Vol. 18, pp. 266-277. Coverage on centralbanking.com. ECB WP version.
Financial Reforms and Capital Flows to Emerging Europe (2011), Empirica, Vol. 38, pp. 579-605.
Channels of international risk-sharing: capital gains versus income flows (2011), International Economics and Economic Policy, Vol. 8, pp. 45-78, with Thierry Bracke. ECB WP version.
Financial Markets and International Risk Sharing (2010), Open Economies Review, Vol. 21, pp. 413-431.