Downloadable Papers

01/06 — Does Reinsurance Need Reinsurers? Journal of Risk and Insurance

09/06 — Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications (with B. Biais, T. Mariotti, and J.-C. Rochet) Review of Economic Studies

08/07 — Marking to Market: Panacea or Pandora’s Box? (with Haresh Sapra and Hyun Shin) Journal of Accounting Research

05/07 — Loan Sales and Relationship Banking (with Christine Parlour) Journal of Finance

01/08 — Learning by Holding and Liquidity Review of Economic Studies

11/12 — Equilibrium Subprime Lending (with Igor Makarov) Journal of Finance

06/14 — Rewarding Trading Skills Without Inducing Gambling (with Igor Makarov) Journal of Finance

08/14 — Shadow Banking and Bank Capital Regulation Review of Financial Studies

06/16 — Taxing the Rich (with Augustin Landier) Review of Economic Studies

07/17 — Exchange Rates and Monetary Spillovers (with Hyun Shin) Theoretical Economics

02/18 — Marking to Market versus Taking to Market (with Jean Tirole) American Economic Review

07/24 — Monetary Easing, Lack of Investment and Financial Instability (with Viral Acharya, Pietro Reggiani, and Iris Yao) Journal of Financial Intermediation

12/23 — Monetary Easing, Leveraged Payouts and Lack of Investment (with Viral Acharya) Management Science

07/24 — The Central Bank, the Treasury, or the Market: Which One Determines the Price Level? (with Jean Barthelemy and Eric Mengus) Journal of Economic Theory

07/23 — Asset Bubbles and Inflation as Competing Monetary Phenomena Journal of Economic Theory

09/25 — A State Theory of Price Levels (with Jean Barthelemy and Eric Mengus)

04/25 — Fiscal Dominance: Implications for Bond Markets and Central Banking (with Jean Barthelemy and Eric Mengus) Annual Review of Financial Economics

03/26 — Indebted Supply and Monetary Policy: A Theory of Financial Dominance (with Viral Acharya and Olivier Wang)

07/26 — De Pecunia Non Est Disputandum (with Jean Barthelemy and Eric Mengus)