Research

Updated March 2022
Google Scholar

Publications

  1. Market-Making with Search and Information Frictions (joint with Benjamin Lester, Ali Shourideh, and Venky Venkateswaran) Journal of Economic Theory, Volume 212 (2023), 105714 [Slides]
  2. Moral Hazard in Remote Teams, International Economic Review, Volume 63(3) (2022) 1595--1623, (joint with Emilio Bisetti and Benjamin Tengelsen)
  3. Currency Stability Using Blockchain Technology, Journal of Economic Dynamics and Control, Volume 142 (2022) 104--155 (joint with Bryan Routledge) [Github]
  4. Towards Understanding Cryptocurrency Derivatives: A Case Study of BitMEX. Proceedings of the 30th Web Conference WWW'21 (joint with Kyle Soska, Jin-Dong Dong, Alex Khodaverdian, Bryan Routledge, and Nicolas Christin) [BitMEX Data Explorer]
  5. The Ethics of Contentious Hard Forks in Blockchain Networks With Fixed Features Frontiers in Blockchain, Volume 2:9 (2019) 1--6 (joint with Tae Wan Kim)
  6. Screening and Adverse Selection in Frictional Markets Journal of Political Economy, Volume 127 (2019) 338--377 (joint with Benjamin Lester, Ali Shourideh, and Venky Venkateswaran) [Slides]
  7. External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory Journal of Monetary Economics, Volume 92 (2017) 1--15 (joint with Ali Shourideh) [Appendix, Slides]
  8. Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt Journal of Monetary Economics, Volume 81 (2016) 70--85 (joint with Gaetano Gaballo) [Slides]
  9. Reputation and the Persistence of Adverse Selection in Secondary Loan Markets American Economic Review, Volume 104(12) (2014) 4027--4070 (joint with V.V. Chari and Ali Shourideh) [Slides]

Working Papers

  1. Building Credit Histories (joint with Natalia Kovrijnykh and Igor Livshits, revise and resubmit, Review of Economic Studies)
  2. Indicator Choice in Pay-for-Performance (joint with Majid Mahzoon and Ali Shourideh)
  3. The Crypto Carry Trade (joint with Nicolas Christin, Bryan Routledge, and Kyle Soska)
  4. Getting Blockchain Incentives Right (joint with Zahra Ebrahimi and Bryan Routledge)
  5. The Maturity Structure of Inside Money (joint with Burton Hollifield) [Slides]
  6. Efficient Financial Crises [Slides]

Work in Progress

  1. Automated Exchange Economies (joint with Bryan Routledge and Yikang Shen) [Slides]
  2. Efficiency and Adverse Selection: On the Role of Mutual Contracts (joint with V.V. Chari and Ali Shourideh) [Slides]

Other Media

  1. Cryptocurrency Mining Under Proposed US Policy Changes Cointelegraph.com Expert Take
  2. The Financialization of Cryptocurrencies Blockchain Pulse: IBM Blockchain Blog (joint with Bryan Routledge)
  3. What is a Corporate Blockchain? Blockchain Pulse: IBM Blockchain Blog (joint with Bryan Routledge)