Banking

Browse by topic: Financial Crises and Macroprudential Policy · International Reserves · Banking · Monetary Policy · Sovereign Debt · Geoeconomics · Heterogeneous Agents
Portfolio Choice and Settlement Frictions: A Theory of Endogenous Convenience Yields
Portfolio Choice and Settlement Frictions: A Theory of Endogenous Convenience Yields
with Saki Bigio (2025)
Forthcoming, Journal of Economic Theory
[Paper] [Journal link] [Thread]
Bank Runs, Fragility, and Regulation
Bank Runs, Fragility, and Regulation
with Manuel Amador — August 2025
[Paper][Slides][Policy highlights]
Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
with Saki Bigio and Charles Engel — March 2025
Revise and Resubmit, Review of Economic Studies
[Paper]
Bank Runs, Fragility, and Credit Easing
Bank Runs, Fragility, and Credit Easing
with Manuel Amador (2024)
American Economic Review, 2024
[Paper] [Journal link] [Slides] [Thread]
Partial Bank Runs
Partial Bank Runs
with Manuel Amador
[Paper]
Banks, Liquidity Management and Monetary Policy
Banks, Liquidity Management and Monetary Policy
with Saki Bigio (2022)
Econometrica
[Paper][Journal link]
Financial Safety Nets
Financial Safety Nets
with Julien Bengui and Louphou Coulibaly (2019)
International Economic Review
[Paper][Journal link]
Efficient Bailouts?
Efficient Bailouts?
Javier Bianchi (2016)
American Economic Review (Lead Article)
[Paper][Journal link]