Publications

We propose the CoJPoD, a novel framework explicitly linking the cross-sectional and cyclical dimensions of systemic risk. In this framework, banking...

The financial regulators have recently taken an active interest in cryptocurrencies, more than a decade after their law enforcement counterparts did...

The downfall of Silicon Valley Bank and Credit Suisse has exposed failures in how we regulate the financial system. This column argues that the...

The collapse of Silicon Valley Bank shows that banks still pose risks. Are they systemic? Jon Danielsson, Robert Macrae, and Nikola Tchouparov write...

Reforms following the global financial crisis of 2008 were supposed to create a less risky financial world. But has a one-size-fits all approach to...

Financial markets, even more than other markets, run on trust. This column uses hand-collected data on banks’ investments in European sovereign debt...

The Review of Financial Studies, 36(7), 2922–2961

Journal of Finance, 78 (1), 487-557

Journal of Fixed Point Theory and Applications, 25, 2

Journal of Financial Economics 146(3), 1044-1072

Cryptocurrencies have enjoyed a remarkable run from obscurity to a trillion dollar valuation in just over a decade. This column argues, however, that...

Using hand-collected data spanning more than a decade on European banks’ sovereign debt portfolios, we show that the trust of residents of a bank’s...

Climate change has become a major topic of discussion at central banks and financial regulators. Key aspects of this debate include whether and how...

Global macroprudential and microprudential regulatory changes since 2008 have been designed to make a repeat of a systemic crisis much less likely...

Dynamic Games and Applications, 13, 636–668

Journal of Money, Credit and Banking, 54 (7), 1913-1940