Research

Main Publications

• Unemployment Insurance as a Subsidy to Risky Firms Review of Financial Studies, 2022 (with B. Doornik, D. Schoenherr, and J. Skrastins)

• Inflation targeting and financial stability: Does the quality of institutions matter? Economic Modelling, 2018 (with B. Tabak, T. Silva and D. Cajueiro)

• Inflation targeting: Is IT to blame for banking system instability?  Journal of Banking & Finance, 2015 (with B. Tabak and D. Cajueiro)

• A geographically weighted approach to measuring efficiency in panel data: The case of US saving banks Journal of Banking & Finance, 2013 (with B. Tabak and R. Miranda) 

• Systemically important banks and financial stability: The case of Latin America  Journal of Banking & Finance, 2013 (with B. Tabak and D. Cajueiro)  

• The relationship between banking market competition and risk-taking: Do size and capitalization matter?  Journal of Banking & Finance, 2012 (with B. Tabak and D.  Cajueiro)

• The effects of loan portfolio concentration on Brazilian banks’ return and risk  Journal of Banking & Finance, 2011 (with B.  Tabak and D. Cajueiro)

Other Publications

• Economic growth, volatility and their interaction: What’s the role of finance? Economic Systems, 2017 (with S. H. R. Silva, B. Tabak, and D. Cajueiro)

• The  effects  of  capital  buffers  on  profitability:  An  empirical  study Economics Bulletin, 2017 (with B. Tabak, R. Ely, J. Amaral, and D. Cajueiro) 

• Financial stability and bank supervision Finance Research Letters, 2016 (with B. Tabak, C. O. Karine, and D. Cajueiro)

• Financial fragility in a general equilibrium model: the Brazilian case  Annals of Finance, 2013 (with B. Tabak and D. Cajueiro) 

• Monetary Expansion and the Banking Lending Channel PLOS ONE, 2016 (with B. Tabak, T. B. S. Moreira, A. L. C. Cavalcanti, and G. H. M. Cunha)