Publications

"Endogenous Intermediation in Over-the-Counter Markets" (with Tai-Wei Hu).
Journal of Financial Economics, vol. 125, 200-215, 2017.
[Abstract] [Paper] [Link to article]

"The Formation of Financial Networks".
RAND Journal of Economics, vol. 47, 239-272, 2016.
[Abstract] [Paper] [Link to article]

"Asset Commonality, Debt Maturity and Systemic Risk" (with Franklin Allen and Elena Carletti).
Journal of Financial Economics, vol. 104, 519-534, 2012
[Abstract] [Paper] [Link to article]

"Global Stochastic Properties of Dynamic Models and their Approximations" (with Casper de Vries).
Journal of Economic Dynamics and Control, vol. 34, 817-824, 2010.
[Abstract] [Paper] [Link to article]


Working Papers

"Trading and Information Diffusion in Over-the-Counter Markets" (with Peter Kondor).
September 2017. R&R Econometrica.
[Abstract] [Paper] [Online Appendices] [MATLAB code]

"Strategic Fragmented Markets" (with Cecilia Parlatore).
May 2017.
[Abstract] [Paper]


Work in Progress

"Strategic Connections: A Cautionary Tale on Bank Opacity " (with Maryam Farboodi).
[Abstract]

"Trading Financial Innovation " (with Kinda Hachem).


Others

"Financial Crises: Theory and Evidence" (with Franklin Allen and Elena Carletti).
Annual Review of Financial Economics, vol. 1, 97-116, 2009.
[Abstract] [Paper] [Link to article]

"Networks in Finance" (with Franklin Allen).
In P. Kleindorfer and J. Wind (ed.) Network-based Strategies and Competencies, 367-382, 2009.
[Abstract] [Paper]