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"In Search of Distress Risk"
Journal of Finance, December 2008 (with John Y. Campbell and Jan Szilagyi)

"Determinants of Sovereign Risk: Macroeconomic Fundamentals and the Pricing of Sovereign Debt"
Review of Finance, April 2010 (with Yves Nosbusch) [SSRN]
          Deutsche Bank Prize in Financial Economics - Review of Finance Best Paper Award (Second Prize)

"Predicting Financial Distress and the Performance of Distressed Stocks"
Journal of Investment Management, Second Quarter 2011 (with John Y. Campbell and Jan Szilagyi) [SSRN]
          Harry M. Markowitz Award - Journal of Investment Management Best Paper Award (2011)

"Conflicts of Interest on Corporate Boards: The Effect of Creditor-Directors on Acquisitions"
Journal of Corporate Finance, February 2013 (with Elif Sisli-Ciamarra) [SSRN]
          Eastern Finance Association Outstanding Paper in Corporate Finance (2012)

"Sources of Momentum Profits: Evidence on the Irrelevance of Characteristics"
Review of Finance, April 2013 (with Pavel Bandarchuk) [SSRN]

"Inflation Derivatives Under Inflation Target Regimes"
Journal of Futures Markets, October 2013 (with Mordecai Avriel and Alon Raviv) [SSRN]

"Bank Stability and Market Discipline: The Effect of Contingent Capital on Risk Taking and Default Probability"
Journal of Corporate Finance (Corporate Finance Theory Special Issue), December 2014 (with Alon Raviv) [SSRN] [Online Appendix]
          Eastern Finance Association Outstanding Paper in Financial Institutions (2012)

"Are Credit Default Swaps a Sideshow? Evidence that Information Flows from Equity to CDS Markets"
Journal of Financial and Quantitative Analysis, June 2015 (with Joshua M. Pollet and Mungo Wilson) [SSRN] [Online Appendix]

"Credit Ratings and Credit Risk: Is one measure enough?"
Management Science, October 2017 (with Mungo Wilson) [SSRN]
       Handelsblatt article about this paper. English version on Economics Intelligence
       Handelszeitung article about this paper

"Optimal Regulation, Executive Compensation and Risk Taking by Financial Institutions"
Journal of Corporate Finance, December 2021 (with Yoram Landskroner and Alon Raviv) [SSRN]

"Designing bankers' pay: Using contingent capital to reduce risk-shifting incentives"
Quarterly Journal of Finance, March 2022 (with Sharon Peleg Lazar and Alon Raviv) [SSRN]

"Inflating Away the Public Debt? An Empirical Assessment"
Review of Financial Studies, March 2022 (with Alon Raviv and Ricardo Reis) [SSRN] [Online Appendix]
         VoxEU article about this paper

"Two different exits: Prediction and performance of stocks that are about to stop trading"
Quarterly Journal of Finance, March 2023 (with Ting Bai and Yitian Xiao) [SSRN]

"Measuring the Risk of Default: A Modern Approach"
Risk Management Association (RMA) Journal, July-August 2008 (with Robert A. Jarrow and Donald R. van Deventer)

"The Importance of Volatility for Sovereign Risk: Applying the Intuition of Corporate Debt Models"
Research in Management Economics and Finance (RIMEFI) , 2013 (with Yves Nosbusch)

"Inflation Risks are on the Rise"
ARE Update, January-February 2022 (with Alon Raviv and Ricardo Reis)
          ANR news and Morning Ag Clips

"What Price is Right? Cigarette Demand Has Become More Responsive to Prices"
ARE Update, March-April 2022 (with Bulat Gafarov and Tengda Gong)

"Too Little Too Late? The Two-Pronged Approach of the Federal Reserve"
ARE Update, May-June 2022 (with Bulat Gafarov)

"Dynamic volatility regulation of financial institutions"
(with Alon Raviv and Zvi Wiener), August 2023

"Secular Rise and Pro-Cyclical Variation in Markups: Evidence from US Grocery Stores"
(with Bulat Gafarov and Tengda Gong), May 2023

"Unencumbered by Style: Why do Funds Change Factor Loadings and Does it Help?"
(with Ting Bai and Anna Scherbina), March 2023

"How Likely is an Inflation Disaster?"
(with Alon Raviv and Ricardo Reis), April 2022 [Online Appendix] [Disaster probability data]

"The Valuation of Corporate Coupon Bonds"
(with Robert A. Jarrow and Donald R. van Deventer), January 2022

"Is the Corporate Bond Market Forward Looking?"
October 2008