CURRENT WORKING PAPERS
NEW! Money Market Funds and the Pricing of Near-Money Assets (with Sebastian Doerr (BIS) and Semyon Malamud (EPFL)) SFI WP version
NEW! Signaling with Debt Currency Choice (with Semyon Malamud (EPFL) and Haonan Zhou (Princeton)) BIS WP version
PEER-REVIEWED PUBLICATIONS
Dominant Currency Debt (with Semyon Malamud (EPFL)), Journal of Financial Economics (2022). Internet Appendix and Replication Package (Please get in touch and cite the paper in case you use any data from this folder.)
Global Banks, Dollar Funding, and Regulation (with Iñaki Aldasoro (BIS) and Torsten Ehlers (BIS)), Journal of International Economics (2022). Replication Package (Please get in touch and cite the paper in case you use any data from this folder.). Selected Media Coverage: FT Alphaville calls it “a dollar funding bible”, Adam Tooze blog
Spillovers of funding dry-ups (with Iñaki Aldasoro (BIS), Florian Balke (Goethe U) and Andreas Barth (Goethe U)), Journal of International Economics (2022). Replication Package (Please get in touch and cite the paper in case you use any data from this folder.)
OTHER PUBLICATIONS
The role of non-bank financial institutions in cross-border spillovers (with Philip Wooldridge (BIS)), BIS Papers, no 129, December 2022.
Pricing of climate risks in financial markets: a summary of the literature (with Floortje Merten (DNB) and Niek Verhoeven (DNB), BIS Papers, no 130, December 2022.
Non-bank financial institutions and the functioning of government bond markets (with Philip Wooldridge (BIS)), BIS Papers, no 119, November 2021.
Dollar funding of non-US banks through Covid-19 (with Inaki Aldasoro (BIS) and Wenqian Huang (BIS)), BIS Quarterly Review, March 2021.
US branches and subsidiaries of non-US banks and the Covid-19 shock (with Inaki Aldasoro (BIS), Torsten Ehlers (BIS) and Wenqian Huang (BIS)), BIS Quarterly Review, March 2021.
Dollar deposits of central counterparties (with Inaki Aldasoro (BIS) and Wenqian Huang (BIS)), BIS Quarterly Review, March 2021.
US dollar funding: an international perspective (Role: Secretary and Working Group member), CGFS Papers, no 65, June 2020.
US dollar funding markets during the Covid-19 crisis – the international dimension (with Andreas Schrimpf (BIS) and Vladyslav Sushko (BIS)), BIS Bulletin, no 15, May 2020.
Selected media coverage: The Economist
US dollar funding markets during the Covid-19 crisis – the money market fund turmoil (with Andreas Schrimpf (BIS) and Vladyslav Sushko (BIS)), BIS Bulletin, no 14, May 2020.
Selected media coverage: Risk.net
Dollar funding costs during the Covid-19 crisis through the lens of the FX swap market (with Stefan Avdjiev (BIS) and Patrick McGuire (BIS)), BIS Bulletin, no 1, April 2020.
“September stress in dollar repo markets: passing or structural?” (with Fernando Avalos (BIS) and Torsten Ehlers (BIS)), BIS Quarterly Review, December 2019, pp. 12-14.
Selected Media Coverage: Financial Times 1, Financial Times 2, The Economist, FT Alphaville, Bloomberg 1, Bloomberg 2, Bloomberg TV, Washington Post, Wall Street Journal 1, Wall Street Journal 2, Barron’s, Reuters, Frances Coppola blog, Zerohedge.
“Investment mandates and fire sales: the case of mutual funds and BBB bonds” (with S. Aramonte), BIS Quarterly Review, March 2019, pp. 12-13.
Selected Media Coverage: Financial Times, Bloomberg, Barron’s, Irish Independent
“Financial markets remain vulnerable to year-end stress” (with S. Aramonte), BIS Quarterly Review, March 2019, pp. 8-9.
“Can CCPs reduce repo market inefficiencies?” (with I. Aldasoro and T. Ehlers), BIS Quarterly Review, December 2017, pp. 13-14.
“Non-US banks’ global dollar funding grows despite US money market reform,” (with I. Aldasoro, T. Ehlers, R. McCauley), BIS Quarterly Review, March 2017, pp. 22 – 23.
Media Coverage: FT Alphaville, RiskNet
“The changing shape of interest rate derivatives markets,” (with T. Ehlers), BIS Quarterly Review, December 2016, pp. 53 – 65.
Media Coverage: Bloomberg
OLDER WORKING PAPERS
“Matching Prime Brokers and Hedge Funds,” SIEPR Discussion Paper No. 16-014.
“From Wood to Coal May Well Be From Malthus to Solow,” (with D. Garcia-Macia).
Egemen Eren 