Publications

We ask whether epidemic exposure leads to a shift in financial technology usage within and across countries and if so who participates in this shift...

Although epidemics are frequently cited as inducing changes in economic behaviour and accelerating technological and behavioural trends, there may be...

Traders’ choice between lit and dark trading venues depends on market conditions, which are affected by execution priority rules in the dark pool...

We demonstrate that the co-existence of different motives for liquidity preferences profoundly affects the efficiency of financial intermediation...

Stochastic processes is one of the key operations research tools for analysis of complex phenomenon. This paper has a unique application to the study...

Journal of Financial Economics, 2021, forthcoming.

The Economic Journal, 2021, forthcoming.

Since 1978 China has developed strongly using a particular form of capitalism which has relied upon close relations between private enterprise and the...

We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending...

While the direct economic consequences of Covid-19 have been significant, the impact on the financial markets has been more nuanced. This column uses...

Journal of Public Economics, Volume 193, 2021,104343.

In this study, we propose an implied forward-looking measure for systemic risk that employs the information from put option prices, the Systemic...

Last week brought welcome news about the apparent effectiveness of a potential Covid-19 vaccine. While the challenges of manufacturing and...

Financial crises invariably lead governments to intervene in one way or another, whether to ease the damage to middle-class voters, to respond to the...

It is sometimes said that an effect of the COVID-19 pandemic will be heightened appreciation of the importance of scientific research and expertise...

Journal of Money, Credit and Banking, Volume 52, 2020,12744.