Research Interests

Banking, Corporate Finance, and Corporate Governance.


Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans (The Review of Financial Studies, 31(8), 2855-2896, 2018 - Editor's choice
(with Viral Acharya, Tim Eisert, and Christian Hirsch)

Interbank Networks and Backdoor Bailouts: Benefiting from other Banks' Government Guarantees (Forthcoming in Management Science)
(with Tim Eisert)

Incentive-Based Capital Requirements (Management Science 63:12 , 4101-4113, 2017)
(with Andrej Gill)

Working Papers

Whatever it takes: The Real Effects of Unconventional Monetary Policy (being revised for resubmission to The Review of Financial Studies)
(with Viral V. Acharya, Tim Eisert, and Christian Hirsch) Working Paper on SSRN
Presented at: AFA 2018, WFA 2017, NBER AP Meeting 2016, EFA 2016, 16th Jacques Polak Annual Research Conference, RELTIF CEPR Workshop, Annual Conference in International Finance 2016

Covered in:
New York Times 
Speech at the Bundesbank Policy Symposium

Fatefully Interconnected: Hidden Links between Bank Capital and Asset Risk Working Paper on SSRN

Work in Progress

VaR(ious) Leverage Cycles of Banks
(with Björn Richter)

Book Chapters

Same Story, Different Place? Post-Crisis Recapitalization of Banks in Japan and Europe
"Finance and Investment: The European Case" edited by C. Mayer, S. Micossi, M. Onado, M. Pagano and A. Polo. Oxford: Oxford University Press, 2018
(with Viral V. Acharya, Tim Eisert, and Christian Hirsch)