I am an economist at the Bank for International Settlements in the Monetary and Economic Department, where I examine the consequences of financial innovation for data privacy, credit supply, and competition in the financial sector. I also work on the implications of the rise of fintechs and cryptoassets for financial stability.
Here you can find my research papers, my policy work, and selected media coverage.
Financial crises and political radicalization: How failing banks paved Hitler's path to power (PDF, SSRN), with S. Gissler, J.-L. Peydro and J. Voth, The Journal of Finance (2022)
Regulatory Sandboxes and Fintech Funding: Evidence from the UK, with G. Cornelli, L. Gambacorta and O. Merrouche, Review of Finance (accepted)
Population Aging and Bank Risk-Taking, with G. Kabas and S. Ongena, Journal of Financial and Quantitative Analysis (accepted)
Non-bank lending during crises (2022), with I. Aldasoro and H. Zhou
Privacy regulation and fintech lending (2023), with L. Gambacorta, L. Guiso and M. Sanchez del Villar
Selected policy work
The tokenisation continuum, with I. Aldasoro, L. Gambacorta R. Garratt and P. Koo Wilkens, BIS Bulletin No 72
Crypto shocks and retail losses, with G. Cornelli, J. Frost and L. Gambacorta, BIS Bulletin No 69
DeFi lending: intermediation without information?, with S. Aramonte, W. Huang and A. Schrimpf, BIS Bulletin No 57
Blockchain scalability and the fragmentation of crypto, with F. Boissay, G. Cornelli and J. Frost, BIS Bulletin No 56
Non-bank lenders in the syndicated loan market (2022), with I. Aldasoro and H. Zhou, BIS Quarterly Review, March