Publications in referred journals
Booms and banking crises, with F. Collard, F. Smets
Journal of Political Economy, 124, no. 2 (April 2016): 489-538
This is a quantitative macro-model featuring rare wholesale market runs. The typical run breaks out endogenously, after a boom in credit and an economic expansion. It triggers a recession that is deeper and lasts longer than a usual recession.
Payment defaults and interfirm liquidity provision, with R. Gropp
Review of Finance (2013) 17 (6): 1853-1894
Publications in books
Is lending in Central and Eastern Europe developing too fast?, with O. Calvo-Gonzales, T. Kozluk, in Financial development, integration, and stability, edited by K. Liebscher, J. Christl, P. Mooslechner, D. Ritzberger-Grünwald