Recent Work
Measuring Corporate Default Risk, forthcoming, Oxford University Press, 2011
The Squam Lake Report: Fixing the Financial System, Princeton University Press, 2010
How Big Banks Fail: and What To Do About It, Princeton University Press, 2010
"Asset Price Dynamics with Slow-Moving Capital" (American Finance Association Presidential Address), Journal of Finance 2010, Volume 65: 1238-1268.
"The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation" (with Semyon Malamud and Gustavo Manso), Journal of Economic Theory 2010, Volume 145: 1574-1601.
Testimony to United States House of Representatives, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, "Credit Default Swaps on Government Debt: Potential Implications of the Greek Debt Crisis," Hearing of April 29, 2010.
SEC v. Goldman Sachs: Analyzing the Complaint Regarding the ABACUS 2007 AC-1 Deal (slides and video from a presentation with Professor Joseph Grundfest), April, 2010.
"In Defense of Financial Speculation," Wall Street Journal, February 24, 2010.
"Policy Perspectives on OTC Derivatives Market Infrastructure" (with Ada Li and Theo Lubke), Staff Report Number 424, Federal Reserve Bank of New York, January, 2010.
