WORKING PAPERS

Side effects of separating retail and investment banking: Evidence from the UK
with Matthieu Chavaz
BoE working paper, Bank Underground blog post
Selected presentations: EFA, FIRS, IAAE, Royal Economic Society, AFA (poster), AEA (poster), Banco de Espana conference on financial stability, Imperial College London, BIS-CEPR-Bundesbank conference on financial regulation*, ESCB research workshop*, Tilburg University*, BoE-BoJ-ECB research workshop*

Nonbanks, banks, and monetary policy: US loan-level evidence since the 1990s
with Ralf Meisenzahl, Jose-Luis Peydro, and Bryce Turner
Chicago Fed working paper
R&R at Journal of Monetary Economics
Selected presentations: Paris December Finance Meeting, New York Fed, Bank of England, Imperial College London, NBER Summer Institute*, AFA*, Barcelona GSE Summer Forum*, Norges Bank*

* indicates presentation by coauthor.

JOURNAL ARTICLES

Nonbank lenders as global shock absorbers: Evidence from US monetary policy spillovers
with Ralf Meisenzahl and Jose-Luis Peydro
Journal of International Economics (forthcoming)
JIE article, BoE working paper

The impact of corporate QE on liquidity: Evidence from the UK
with Lena Boneva, Iryna Kaminska, Oliver Linton, Nick McLaren, and Ben Morley
Economic Journal (2022)
EJ article, BoE working paper

The leverage ratio and liquidity in the gilt and gilt repo markets
with Andreea Bicu-Lieb and Louisa Chen
Journal of Financial Markets (2020); Lead article
JFM article, BoE working paper

POLICY PUBLICATIONS

Estimating market expectations of changes in Bank Rate
with Joseph Noss
Bank of England Quarterly Bulletin (2015)
Link

Central counterparty loss-allocation rules
Bank of England Financial Stability Paper No. 20 (2013)
Link