Macro Models with Financial Frictions

Banking and Shadow Banking (working paper version),
   --- online appendix
   Journal of Economic Theory, Vol 178, Nov 2018, p. 124- 152

Systemic Run on Shadow Banks: the Minsky Moment, Aug 2014

​Bond Finance, Bank Finance, and Bank Regulation, Dec 2018

Empirical Banking

The Risk of Implicit Guarantees: Evidence from the Shadow Interbank Market in China (w/ Xiang Shao, Zongbo Huang) Jun 2018 (draft available upon request)

​A Tale of Two Items Sent Off Balance Sheet: Securitization and Loan Commitment, Jan 2017