Published Papers:

1) "Bank Cost Efficiency and Credit Market Structure Under a Volatile Exchange Rate" (2024), with Artem Prokhorov and Christopher Parmeter, Journal of Banking and Finance 168, 107285 [doi][Slides] [Supplementary Material] [SSRN}

2) "The Real Effects of Credit Supply Shocks: Evidence from an Emerging Economy" (2025), with  Daria Kolesnik, Alexei Kiselev, and Anna Pestova,  Oxford Bulletin of Economics and Statistics 87(1), 64-97 [doi]



Working Papers:

1) ``Quo Vadis? Bank Closures, Firm Performance, and New Bank-Firm Relationships" with Roman Goncharenko, Steven Ongena, Svetlana Popova, and Natalia Turdyeva [SSRN] R&R at the Review of Finance

Video: Florence School of Banking "FBF Pills" https://www.youtube.com/watch?v=fM-7PZ_ogmE&t=124s


2) ``Crime and Punishment? Anticipation, Diffusion, and Propagation of Global Sanctions," with Anna Pestova and Steven Ongena [SSRN] Submitted to a journal 


3) ``Macroeconomic and Distributional Impact of Sanctions News: Evidence from Russia,  with Anna Pestova  [SSRNSubmitted to a journal
Previously circulated as: ``The Price of War: Macroeconomic and Cross-Sectional Effects of Sanctions on Russia''


4) ``Violent Conflict and Cross-Border Lending" with Ralph De Haas, Alexander Popov, and Iliriana Shala [SSRN] Submitted to a journal


5) "Disasters and (Bank) Financing," with Anna Pestova, Steven Ongena, and Zhixi Wei [New version soon]


6) "Corporate Credit and the Risk of Recession: The Role of the Productivity Channel," with Anna Pestova and Eleonora Sfrappini [New version soon]


7) ``Credit Supply Shocks and Household Defaults," with Anna Pestova [SSRN, New version coming soon]


8) "Measuring Fraud in Banking and Its Impact on the Economy: A Quasi-Natural Experiment"  [SSRN]


9) "Potato to the Rescue: Home Production and Child Nutrition during Deep Economic Crises" with Anna Pestova and Ella Sargsyan [SSRNSubmitted to a journal



Work in Progress:

1) "Political Extremism, Bank Credit, and Recessions" with Mario Carillo, Raoul Minetti, and Pierluigi Murro 


2) "Striving for Sustainability in Banking? Evidence from Socio-Environmental Guidelines in Brazil" with Hans Degryse, Bernardus van Doornik,  Carola Theunisz, and Maxim Schepers.


3) "The Great Revenge? How Politicians Punish Firms in Opposition Areas after Elections" with Alexander Popov and Steven Ongena


* Presentation by co-author(s)