Main publications

1. Geographic diversification and bank lending during crises (PDF, SSRN, Online Appendix), with P. Schaz, Journal of Financial Economics 140(3), pp 768-788, 2021

2. Stress tests, entrepreneurship and innovation (PDF, SSRN), Review of Finance 25(5), pp 1609-1637, 2021

• Read summaries by Moody's Analytics and the Financial Services Forum

3. Financial crises and political radicalization: How failing banks paved Hitler's path to power (PDF, SSRN), with S. Gissler, J.-L. Peydró and H.-J. Voth, The Journal of Finance 77(6), pp 3339-3372, 2022

• For summaries, see The Economist and The Guardian

4. The fintech gender gap (PDF, SSRN), with S. Chen,  J. Frost, L. Gambacorta and H.S. Shin, Journal of Financial Intermediation 54(101026), 2023 (lead article)

   • • Read Bloomberg's The Fintech Express Is Leaving Women Behind

5. Regulatory Sandboxes and fintech funding: Evidence from the UK (PDF, SSRN), with G. Cornelli, L. Gambacorta and O. Merrouche, Review of Finance 28(1), pp 203-233, 2024

6. Population Aging and Bank Risk-Taking (PDF, SSRN), with G. Kabas and S. Ongena, Journal of Financial and Quantitative Analysis

   • • Read Matt Levine's Money Stuff summary over at Bloomberg

Working papers

• Income Inequality and Job Creation, with T. Drechsel and D. Lee

  • • R&R at Review of Economic Studies

    • Read a summary in our EFIP Research Brief or on VoxEU

• Does IT help? IT in Banking and Entrepreneurship, with T. Ahnert, N. Pierri and Y. Timmer

  • • R&R at Management Science

• International Trade and the Allocation of Capital Within Firms, with D. Marin, D. Suverato and T. Verdier

  • • R&R at Journal of International Economics

• The financial origins of regional inequality, with A. Beck

  • • R&R at Journal of Money, Credit and Banking

    • Read a summary by Brookings' Hutchins Roundup

• Privacy regulation and fintech lending, with L. Gambacorta, L. Guiso and M. Sanchez del Villar

  • • Best paper award @ FMARC 2023

    • Read a summary by Moody's Analytics and on VoxEU

• Money market funds and the pricing of near-money assets, with E. Eren and S. Malamud

• Bank geographic diversification and funding stability

• Non-bank lending during crises, with I. Aldasoro and H. Zhou

• Housing Booms, Reallocation, and Productivity

  • • Young Economist Award @ EEA-ESEM Annual Congress 2018; Young Innovators Award @ Vordenker Forum 2019

    • Read summaries in The Economist and The Wall Street Journal