Updated March 2019
Google Scholar


  1. Screening and Adverse Selection in Frictional Markets Journal of Political Economy, Volume 127 (2019) 338--377 (joint with Benjamin Lester, Ali Shourideh, and Venky Venkateswaran) [Slides]
  2. External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory Journal of Monetary Economics, Volume 92 (2017) 1--15 (joint with Ali Shourideh) [Appendix, Slides]
  3. Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt Journal of Monetary Economics, Volume 81 (2016) 70--85 (joint with Gaetano Gaballo) [Slides]
  4. Reputation and the Persistence of Adverse Selection in Secondary Loan Markets American Economic Review, Volume 104(12) (2014) 4027--4070 (joint with V.V. Chari and Ali Shourideh) [Slides]

Working Papers

  1. Building Credit Histories with Heterogeneously Informed Lenders (joint with Natalia Kovrijnykh and Igor Livshits)
  2. Market-Making with Search and Information Frictions (joint with Benjamin Lester, Ali Shourideh, and Venky Venkateswaran) [Slides]
  3. The Maturity Structure of Inside Money (joint with Burton Hollifield) [Slides]
  4. Group Punishments without Commitment (joint with Emilio Bisetti and Benjamin Tengelsen) [Slides]
  5. Efficient Financial Crises [Slides]

Work in Progress

  1. Currency Stability Using Blockchain Technology (joint with Bryan Routledge) [Slides]
  2. Settlement and Blockchain Equilibria (joint with Zahra Ebrahimi and Bryan Routledge)

Other Media

  1. What is a Corporate Blockchain? Blockchain Pulse: IBM Blockchain Blog (joint with Bryan Routledge)