Unpublished Papers

The Crypto Multiplier,” with M. van Oordt (BIS Working Papers No 1104, 2023).

Optimal Bidder Selection in Clearing House Default Auctions,” with D. Murphy, T. Nesmith and X. Wu (Federal Reserve Board Finance and Economic Discussion Series, 2023-033).

Intraday Liquidity Around the World,” with many others (BIS Working Papers No 1089, 2023).

The Case for Convenience: How CBDC Design Choices Impact Monetary Policy Pass-Through,” with J. Yu and H. Zhu (BIS Working Papers No 1046, 2023).

How Banks Create Gridlock to Save Liquidity in Canada’s Large Value Payment System,” with Z. Lu and P. Tian (Bank of Canada Staff Working Paper, 2023-26).

Trust Bridges and Money Flows: A Digital Marketplace to Improve Cross-Border Payments,” with T. Adrian, D. He and M. Griffoli (BIS Working Papers No 1112/IMF Fintech Notes No 2023/001).

An Impossibility Theorem on Truthful Reporting in Fully Decentralized Systems,” with C. Monnet (BIS Working Papers No 1117, 2023).

Regulatory Requirements of Banks and Arbitrage in the Post-Crisis Federal Funds Market,” with S. Priazhkina (Bank of Canada Staff Working Paper 2022-48).

Rent Seeking Platforms,” with M. Lee, A. Martin and R. Townsend (FRB of New York Staff Report No 892, 2021).

Efficient Bilateral Trade,” with M. Pycia, 2015.

Does eBay’s Second Chance Offer Policy Benefit Sellers?” with T. Tröger, 2013.

Ideal Bootstrapping and Exact Recombination: Applications to Auction Experiments,” with C. Bergstrom and T. Bergstrom, 2009.

Inefficient Equilibrium of Second-Price/English Auctions with Resale,” with T. Tröger and C. Zheng, 2006.

Property Insurance with Conversion Options: Upper Limits and Deductibles,” with J. M. Marshall, 1999.

Exclusions in Medical Plans,” with J. M. Marshall, 1996.

Further Evidence of the Necessity of Sunspots,” with K. Shell, UCSB Working Paper in Economics #6-93.