“Dominant Currency Debt,” (with S. Malamud)

“Global Banks, Dollar Funding, and Regulation,” (with I. Aldasoro, T. Ehlers)

“Spillovers of Funding Dry-ups”  (with I. Aldasoro, A. Barth and F. Balke)

“Matching Prime Brokers and Hedge Funds,” SIEPR Discussion Paper No. 16-014.

“Intermediary Funding Liquidity and Rehypothecation as Determinants of Repo Haircuts and Interest Rates”

“From Wood to Coal May Well Be From Malthus to Solow,” (with D. Garcia-Macia).


“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.

“The changing shape of interest rate derivatives markets,” (with T. Ehlers), BIS Quarterly Review, December 2016, pp. 53 – 65.

Media Coverage: Bloomberg

“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

“Can CCPs reduce repo market inefficiencies?” (with I. Aldasoro and T. Ehlers), BIS Quarterly Review, December 2017, pp. 13-14.