Research

Research Interests

Banking, Credit Risk, Household Finance, Real Estate

Publications

Impact of Marketplace Lending on Consumers' Future Borrowing Capacities and Borrowing Outcomes
(with Sudheer Chava, Nikhil Paradkar, and Yafei Zhang)
Journal of Financial Economics, forthcoming
[Internet Appendix]

Do Credit Default Swaps Mitigate the Impact of Credit Rating Downgrades?
(with Sudheer Chava and Chayawat Ornthanalai)
Review of Finance, 2019, 23(3), 471-511
[Internet Appendix]
    - Review of Finance Editor's Choice Lead Article
    - Finalist for the Pagano-Zechner Best Paper award in the Review of Finance, 2019
    - Q Group Research Award, 2012
    - Featured in Effects and Responses to Economic Downturns

Do Bond Investors Price Tail Risk Exposures of Financial Institutions?
(with Sudheer Chava and Vijay Yerramilli)
Quarterly Journal of Finance, 2021, 11(01), 215003
    - GARP Risk Management Research Award, 2013

Working Papers

Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards
(with Sudheer Chava, Nikhil Paradkar, and Linghang Zeng)
Revise & Resubmit, Review of Financial Studies
Conferences: WFA (2020), CFPB Research Conference (2019), FRB Cleveland Conference (2019), FRB Atlanta Conference (2019), Moscow Finance Conference (2019), NFA (2019), EFA (2019), FIRS (2019), CFIC (2019)

Credit Default Swaps and Moral Hazard in Bank Lending
(with Indraneel Chakraborty and Sudheer Chava)
Revise & Resubmit, Journal of Financial and Quantitative Analysis
Conferences: AFA (2016)

Tracing the Source of Liquidity for Distressed Housing Markets
(with Steven Xiao and Serena Xiao)
Revise & Resubmit, Real Estate Economics
Conferences: ASSA (2020), FRBA Real Estate Conference (2019), Oregon Summer Finance (2019), CICF (2019), AREUEA (2019)

Do Property Rehabs Affect Neighborhood Property Prices?
(with Gonzalo Maturana)
Conferences: ITAM (2021), AREUEA (2021), UEA (2021)

Too Far To Regulate?
Conferences: FIRS (2020), CFIC (2020)

What Drives Screening Incentives in Non-bank Mortgage Originators?*
Conferences: WFA (2016)
*Previously titled "Repo Regret?"