Research Interests:
Financial markets, non-banks, and monetary policy transmission
Working Papers:
1. Bank balance sheet constraints and bond liquidity, with V. Ivashina, WP 2023.
- VoxEU (2021), Research Bulletin (2021)
- AFA 2022
2. Do non-banks need access to the lender of last resort? Evidence from fund runs, with M. Hoerova, Nov 2020, updated Feb 2023. R&R at the Review of Financial Studies.
- VoxEU (2023), Research Bulletin (2023), SUERF Policy Brief (2023)
- AFA 2022, EFA 2021
3. Non-bank liquidity provision to firms: Fund runs and central bank intervention, with G. Schepens, WP 2023.
- AFA 2023, EFA 2023
4. Fund Fragility: The role of investor base, with N. Allaire, and H. Hoerova, WP 2023.
- AFA 2024
5. Is the bond market competitive? Evidence from the ECB’s asset purchase programme, with S. Corradin, and P. Collin-Dufresne, WP 2023.
- EFA 2023
6. The (re)allocation of bank risk, with G. Bekaert, WP 2020.
- EFA 2018
7. Competition among high-frequency traders and market quality, WP 2013, updated 2020.
- VoxEU (2020), Research Bulletin (2020)
- EFA 2014
8. 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.
- Research Bulletin (2018)
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)
- THE ECB BLOG (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.