Research Interests

Household Finance, Real Estate, Banking

Publications

Do Property Rehabs Affect Neighboring Property Prices?
(with Gonzalo Maturana)
Journal of Urban Economics, 2024, 143, 103694 [Internet Appendix] | [Replication Code]
    - Coverage:National Community Stabilization Trust

What Drives Screening Incentives in Non-bank Mortgage Originators?
Real Estate Economics 2023, 51(6), 1321-1355
[Internet Appendix]
    - Coverage:Harvard Bankruptcy Roundtable

Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards
(with Sudheer Chava, Nikhil Paradkar, and Linghang Zeng)
Review of Financial Studies, 2023, 36(10), 3906-3952
[Internet Appendix]

Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations
(with Indraneel Chakraborty and Sudheer Chava)
Journal of Financial and Quantitative Analysis, 2023, 58(5), 1911-1942
[Internet Appendix]

Tracing the Source of Liquidity for Distressed Housing Markets
(with Steven Xiao and Serena Xiao)
Real Estate Economics, 2023, 51(2), 408-440
[Internet Appendix]
    - Recognized by REE as Top Cited Article 2022-2023

Impact of Marketplace Lending on Consumers' Future Borrowing Capacities and Borrowing Outcomes
(with Sudheer Chava, Nikhil Paradkar, and Yafei Zhang)
Journal of Financial Economics, 2021, 142(3), 1186-1208
[Internet Appendix]

Do Bond Investors Price Tail Risk Exposures of Financial Institutions?
(with Sudheer Chava and Vijay Yerramilli)
Quarterly Journal of Finance, 2021, 11(01), 215003
    - GARP Risk Management Research Award, 2013

Do Credit Default Swaps Mitigate the Impact of Credit Rating Downgrades?
(with Sudheer Chava and Chayawat Ornthanalai)
Review of Finance, 2019, 23(3), 471-511
[Internet Appendix]
    - Review of Finance Editor's Choice Lead Article
    - Finalist for the Pagano-Zechner Best Paper award in the Review of Finance, 2019
    - Q Group Research Award, 2012
    - Featured in Effects and Responses to Economic Downturns

Working Papers

Gender-based Sorting in the Credit Card Market
(with Nikhil Paradkar and Yafei Zhang)
Revise & Resubmit (2nd round), Journal of Financial Economics
Conferences: AFA (2023), NFA(2023)

Too Far To Regulate?
Conferences: FIRS (2020), CFIC (2020)

Retailer Bankruptcy and Its Spillover to Consumer Credit
(with Sudheer Chava, Yafei Zhang and Xinyue Zhao)
Conferences: GT-FRBA HF Conference (2026), NFA (2026, scheduled)
Draft available upon request

Credit Limit Rigidities
(with Sudheer Chava and Chris Hansman)
Draft available upon request

Working in Progress

Impact of Credit Reporting on Consumer Credit Outcomes
(with Rui Cao and Nikhil Paradkar)