Category Archives: New Paper

I have a new paper on “Fragility of Money Markets” (with Angelo Ranaldo and Matthias Rupprecht). We provide the first comprehensive theoretical model for money markets encompassing unsecured and secured funding, asset markets, and central bank policy. Capital-constrained, leveraged banks invest in assets and raise short-term funds by borrowing in the unsecured and secured money […]

We finalized a first complete draft for a new paper titled “The Euro Interbank Repo Market”. The repo market is an important part of the shadow banking system. Using a novel and comprehensive dataset from an electronic trading platform, we provide the first systematic study of the euro interbank repo market. We document the evolution […]