Monetary Economics, Payment system.
- Ph.D. (University of London), 2006.
The main field of research is monetary economics. Past research includes: endogenous productivity slowdown due to credit market imperfections; the role of international capital flows in a housing-market boom-bust cycle; monetary policy and a housing-market boom-bust cycle; endogenous asset illiquidity and dynamic bank capital requirements over the business cycle; and the necessity and fragility of the over-the-counter repo market. The current research topic is the theoretical analysis of the payment and settlement system.