Current working papers

“Safe collateral, arm’s-length credit: Evidence from the commercial real estate mortgage market” (with John Krainer and Joseph Nichols) [available on SSRN]

“Raising capital when the going gets tough: U.S. bank equity issuance from 2001 to 2014” (with Ioannis Floros and Rajdeep Sengupta) [available on SSRN]

“Public service or private benefits? Bankers in the governance of the Federal Reserve System” (with Jennifer Dlugosz) [available on SSRN]

“Craft lending: The role of small banks in small business lending” (with Michal Kowalik)

Here is my SSRN author page.

Refereed publications

“Bank loan supply responses to Federal Reserve emergency liquidity facilities” (with Allen Berger, Christa Bouwman, and Jennifer Dlugosz), forthcoming. Journal of Financial Intermediation [available on SSRN and ScienceDirect]

“The cross-market spillover of economic shocks through multimarket banks” (with Jose Berrospide and William Keeton), 2016. Journal of Money, Credit and Banking 48: 957-988 [available on SSRN and Wiley Online]

“The systemic risk of European banks during the financial and sovereign debt crises” (with Ricardo Correa, Xin Huang, and Hao Zhou), 2016. Journal of Banking and Finance 63: 107-125 [available on SSRN and ScienceDirect]

“Monetary policy, loan maturity, and credit availability” (with Richard Rosen), 2016. International Journal of Central Banking 12: 199-230 [available on SSRN and IJCB]

“From origination to renegotiation: A comparison of portfolio and securitized commercial real estate loans” (with John Krainer and Joseph Nichols), forthcoming. Journal of Real Estate Finance and Economics [available on Springer]

“The effect of TARP on bank risk-taking” (with Lieu Hazelwood), 2013. Journal of Financial Stability 9: 790-803 [available on SSRN and ScienceDirect]

“Differences across originators in CMBS loan underwriting” (with Chenghuan Sean Chu, Andrew Cohen and Joseph B. Nichols), 2012. Journal of Financial Services Research 42: 115-134 [available on SSRN and Springer]

“Bank size, lending technologies, and small business finance” (with Allen Berger), 2011. Journal of Banking and Finance 35: 724-735 [available on ScienceDirect]

“Insider rates versus outsider rates in lending”, 2011. Finance Research Letters 8: 180-187 [available on ScienceDirect]

Additional information

Here is my CV.

My main research interests are in the areas of financial institutions and small business finance.

I serve as a referee for the Journal of Finance and Review of Financial Studies among other journals.