Working Papers

WORKING PAPERS 

(please see also ideas at  https://ideas.repec.org/e/pmi87.html  for copies or links to papers)

• Financial Development, Financial Specialization, and Trade (with P. Murro and N. Rowe)

• Banking Complexity in the Global Economy (with G. Romanini and O. Ziv)

• Financial Consolidation, Corporate Finance and Firm Investment in the Business Cycle (with S. Kokas and T. Moreland)

• Financial Shocks and Firm Innovation in Supply Chain Networks (with E. Brancati and S. Zhu)

• Banking on Experience (with Q. Cao, H. Degryse and S. Kokas)

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​​IN PROGRESS

• Global Banks and Macroeconomic Stability. Liquidity, Control, and Monitoring (with E. Beqiraj, Q. Cao, and R. De Haas) 

• Persistent Slumps: Innovation and the Credit Channel of Monetary Policy (with E. Beqiraj, Q. Cao and G. Tarquini) 

• ​Networks and Information in Credit Markets (with A. Gupta, S. Kokas and A. Michaelides)

• The Sovereign-Bank Nexus and the Inflation Channel (with Q. Cao and N. Rowe)

• Banking Structure, Liquidity, and Macroeconomic Stability (with L. Araujo, D. Hong, and S. ​Kokas)

• ​The Macroeconomics of the Covid-19 Epidemic: The Case of China (with T. Peng and Y. T. Chan) 

• Bubbles and Banks (with A. Doblas Madrid)

• Foreign Lenders in Emerging Economies (with M. Iacoviello)