I am a Senior Economist at the Board of Governors of the Federal Reserve System. Before joining the Board, I received a Ph.D. in Finance from Tilburg University (The Netherlands).
My research interest lies in the microstructure of decentralized over-the-counter (OTC) bond markets. In my papers liquidity, trading frictions, and dealer intermediation take center stage. In particular, I study corporate bond dealers in their role as liquidity providers and how they interact with institutional investors.
Published & Forthcoming Papers
joint with John Caramichael
Journal of Banking & Finance, 2024, Vol. 162, 107126.
Media: Financial Times Moral Money, Bloomberg Money Stuff, Financial Times, Bloomberg News
joint with Jessica Shi Li, Maureen O'Hara, and Xing (Alex) Zhou
Under Review: R&R
joint with Maureen O'Hara, and Xing (Alex) Zhou
Under Review: R&R
Media: Institutional Money
joint with Martin Waibel
joint with Mariassunta Giannetti, Chotibhak Jotikasthira, and Martin Waibel
[This paper is being revised and updated]
[This paper is being revised and updated]
joint with Marcelo Ochoa
Disclaimer: The views expressed on this website are my sole responsibility and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or any other person associated with the Federal Reserve System.