Mandatory Retention Rules and Bank Risk
Payment Flows, Bank Lending, and Central Bank Digital Currencies (with Ryuichiro Izumi) [Revise and Resubmit, Journal of Money, Credit and Banking]
Previously circulated under the title “CBDC: Banking and Anonymity"
Fire Sales and Liquidity Requirements (with Roberto Robatto)
Previously circulated under the title “Financial Intermediation and Fire Sales with Liquidity Risk Pricing"
Adverse Selection, Moral Hazard, and Interbank Market Fragility
Data Externalities, Market Power, and the Optimal Design of Central Bank Digital Currencies (with Jonathan Chiu, Mohammad Davoodalhosseini, and Janet Jiang) [Draft coming soon!]
Open Banking: Inclusion, Pricing, and Efficiency (with Kee-Youn Kang and Ziqi Qiao)
Instant Payments, Fraud, and Optimal Consumer Protection (with Charles Kahn and Francisco Rivadeneyra)