Research Interests:

Funds, empirical banking, monetary policy, empirical asset pricing, market microstructure

Working Papers:

1. Bank balance sheet constraints and bond liquidity, with V. Ivashina, WP 2021.

2. Do non-banks need access to the lender of last resort? Evidence from mutual fund runs, with M. Hoerova, WP 2022.

3. Non-bank liquidity provision to firms: Fund runs and central bank intervention, with G. Schepens, WP 2022.

4. Is the bond market competitive? Evidence from the ECB’s asset purchase programme, with S. Corradin, and P. Collin-Dufresne , 2022.

5. The (re)allocation of bank risk, with G. Bekaert, WP 2020.

6. Competition among high-frequency traders and market quality, WP 2013, updated 2020.

7. Asymmetry matters: A high-frequency risk-reward trade-off, with B. Buchwalter and R. Tédongap, WP 2012.

Published Articles:

1. Sovereign to corporate risk spillovers, with P. Augustin, H. Boustanifar and J. Schnitzler, 2018, Journal of Money, Credit and Banking, Vol. 50 (5), 857-891.

2. Bank to sovereign risk spillovers across borders: Evidence from the ECB’s Comprehensive Assessment with B. Schwaab, 2018, Journal of Empirical Finance, Vol. 49, 247-262.

Other Papers / Discussion Papers:

1. Financial markets and green innovation, with P. Aghion, L. Boneva, L. Laeven, C. Olovsson, A. Popov, and E. Rancoita, ECB WP (2022)

2. The ECB’s Asset Purchase Programme: An early assessment, with P. Andrade, F. de Fiore, P. Karadi, and O. Tristani, ECB WP (2016)

3. The reanchoring channel of QE: The ECB Asset Purchase Programme and long-term inflation expectations, with P. Andrade, F. de Fiore, P. Karadi, and O. Tristani, WP (2016);

Disclaimer: The views expressed on this website are my own and do not necessarily reflect those of the European Central Bank or the Eurosystem.