News:
April 2025: I uploaded a new paper “When Shadow Banks Come Out of the Shadow: Unsecured Retail Funding and Financial Intermediation in Securities Firms.”
January 2025: I uploaded an updated draft of the paper “How the Cryptocurrency Market is Connected to the Financial Market.”
December 2024: I uploaded a new paper “Macroeconomic Model of Market Power in the Global Semiconductor Industry.”
November 2024: My solo-authored paper “Bank Opacity and Safe Asset Moneyness” is available as a online preview at the Journal of Money, Credit, and Banking.