Research

Published Papers

• “Intermediated Asymmetric Information, Compensation, and Career Prospects”, with Ron Kaniel, The American Economic Review, 2025.

• “The Design of Macro-Prudential Stress Tests,” with Pavel Zryumov, and Andrzej Skrzypacz, The Review of Financial Studies, 2023.

• “Frequent Monitoring in Dynamic Contracts,” The Journal of Economic Theory, 2022.

• “Persuading the Principal to Wait,” with Andrzej Skrzypacz and Pavel Zryumov, Journal of Political Economy, 2020.

• “Sizing up Repo,” with Arvind Krishnamurthy and Stefan Nagel, The Journal of Finance, 2014

• “On Two Approaches to Coherent Risk Contribution,” with Alexander Cherny, Mathematical Finance, 2011

Working Papers

• “Data versus Information Sales under Financial Constraints”, with Andrzej Skrzypacz and Pavel Zryumov.

• “Trading Information”, with Andrzej Skrzypacz and Pavel Zryumov, working paper.

• “Distressed Investment, Corporate Debt Liquidity, and Capital Structure”, with Alex Gorbenko, working paper.