PAPERS

Publications

Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence
(with Gabriel Jiménez and José-Luis Peydró) forthcoming Journal of Public Economics.
 
Monetary Policy, Macroprudential Policy, and Financial Stability
(with Rafael Repullo) Annual Review of Economics 11 (2019), pp. 809-832
 
Search for Yield
(with Rafael Repullo) Econometrica, 85 (2017), pp. 351-378
 
Consumer Bankruptcy, Bank Mergers and Information
(with Jason Allen and Evren H. Damar) Review of Finance, 20 (2016), pp.1289-1320
 
Does Competition Reduce the Risk of Bank Failure?
(with Rafael Repullo) Review of Financial Studies, 23 (2010), pp.3638-3664
 

Working Papers

Banks’ Endogenous Systemic Risk Taking (Revised version of “A Macroeconomic Model of Systemic Risk-taking”
(with Javier Suarez) CEPR DP 9134, September 2012.
 
Markets, Banks and Shadow Banks
(with Rafael Repullo) CEPR DP 13248, October 2018.
 
Interest Rates, Market Power, and Financial Stability
(with Rafael Repullo) CEPR DP 15063, July 2020.
 
 
Bank Runs, Bank Competition and Opacity
(with Toni Ahnert) CEPR DP 16207, July 2021.
 
The Creditworthiness of the Poor. A Model of the Grameen Bank
(with Michal Kowalik) Kansas Fed RWP 10-11, April 2010.
 
Capital Requirements and Bank Failure
mimeo.