Publications

A Simple Macroeconomic Model with Extreme Financial Frictions
(with N. Klimenko and J.C. Rochet) Journal of Mathematical Economics, 2017, Vol. 86, 92-102

Securitization and Compensation in Financial Institutions

(with R. Inderst) Review of Finance, 2013, Vol. 17, 1232-1364

Coverage in German newspaper "Frankfurter Allgemeine Sonntagszeitung" (December 13th 2009): "Reguliert die Boni nicht"

Reward for Luck in a Dynamic Agency Model

(with F. Hoffmann) Review of Financial Studies, 2010, Vol. 23 (9), 3329-3345