Working Papers

"Hot Money for a Cold Economy"
Federal Reserve Bank of St. Louis Working Paper 2020-019A, July 2020

"Shadow Bank Runs"
with  Ed Nosal
Federal Reserve Bank of St. Louis Working Paper 2020-012B, August 2020

"Maturity Structure and Liquidity Risk"
Federal Reserve Bank of St. Louis Working Paper 2020-008A, April 2020

"Bank runs without sequential service"
with  Ed Nosal
Federal Reserve Bank of St. Louis Working Paper 2018-016A, July 2018

"Bank panics and scale economies"
with  Ed Nosal
Federal Reserve Bank of St. Louis Working Paper 2017-009A, March 2017

"On the Social Cost of Transparency in Monetary Economies"
Federal Reserve Bank of St. Louis Working Paper 2010-001A, December 2009

"Money and Capital as Competing Media of Exchange in a News Economy"
with Fernando M. Martin
Federal Reserve Bank of St. Louis Working Paper 2009-046A, September 2009