Recent Publications
  • Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery (joint with Jonathan Chiu), Review of Economic Studies, 83, pp. 969-1000. (Additional Material)
  • Compensation par contrepartie centrale et assurance contre le risque systémique sur les marchés dérivés de gré à gré (joint with Cyril Monnet), Revue d'économie financière, 109, pp. 179-197.   (English Version: Central Counterparty Clearing and Systemic Risk Insurance in OTC Derivatives Markets)
  • Efficient Contract Enforcement (joint with Cyril Monnet and Erwan Quintin), Economic Theory, 55, pp. 161-183.
  • (In)efficient Investment in Financial Market Infrastructure: The Role of Governance Structures, Journal of Financial Market Infrastructures, 1, pp. 55-73.
  • Optimal Clearing Arrangements for Financial Trades (joint with Cyril Monnet and Ted Temzelides), Journal of Financial Economics, 103, pp. 189-203.
  • What Banks Do and Markets Don't: Cross-subsidization (joint with Jim MacGee), European Economic Review, 53, pp. 222-236.
  • A Dynamic Model of Settlement (joint with Cyril Monnet and Ted Temzelides), Journal of Economic Theory, 142, pp. 233-246.
  • Optimal Dynamic Risk Sharing When Enforcement is a Decision Variable, Journal of Economic Theory, 127, pp. 34-60.
  • Guess what: It's the Settlements! (joint with Cyril Monnet), Journal of Banking and Finance, 31, pp. 3013-3033.
  • Risk Sharing through Financial Markets with Endogenous Enforcement of Trades, Journal of Economic Dynamics and Control, 30, pp. 1987-2014.
  • Differentiability of the Efficient Frontier when Commitment to Risk Sharing is Limited, Topics in Macroeconomics, 6, Article 10.