My research focuses on Corporate Finance and the Economics of Banking, with a particular interest in how financial risks propagate through the system and affect households and firms. I am broadly interested in topics at the intersection of corporate finance and banking, especially the determinants and the effects of firms’ capital structure and the evolving role of non-bank financial intermediaries.
WORKING PAPERS
An empirical analysis of the heterogeneous effects of financial frictions on the allocation of cash flow by Spanish firms.
Decoding Distress: The Behavior of Firms Preceding Bankruptcy
An empirical exploration of the dynamics of firms in the years leading up to bankruptcy.
A Model of Interacting Banks and Money Market Funds
A model to rationalize the coexistence of Banks and Money Market funds and to study its policy implications.