Articles

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Bank Income Smoothing, Ownership Concentration and the Regulatory Environment (with Vincent Bouvatier and Laetitia Lepetit), Journal of Banking & Finance (2014)

We empirically examine whether the way a bank might use loan loss provisions to smooth...

 

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Bank insolvency risk and time-varying Z-score measures (with Laetitia Lepetit), Journal of International Financial Markets, Institutions & Money (2013)

We compare the different existing approaches to the construction of time-varying Z-score measures, plus an...

 

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Uncertainty and Switching in the Mortgage Market (with Celine Gondat-Larralde), Applied Economics (2013)

We examine when it might be optimal for borrowers to switch providers of debt products...

 

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Does uncertainty matter for loan charge-offs? (with Laetitia Lepetit and David G. Dickinson), Journal of International Financial Markets, Institutions & Money (2012)

Using a stylized real options model, we show that discretion over the timing of charging...

 

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International tax arbitrage and residence vs. source-based capital income taxation, Research in Economics (2012)

Using a two-country general equilibrium framework with heterogeneous agents and uncertainty, we examine how countries'...

 

Unpublished Papers

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Bank capital regulation: a role for a supranational regulator? (with Carole Haritchabalet, Laetitia Lepetit, and Kévin Spinassou), Mimeo (2014)

We develop a simple two-country model where national or supranational regulators can set capital requirements...

 

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Bank Insolvency Risk and Z-Score Measures: A Refinement, Available at SSRN: http://ssrn.com/abstract=1753735 (2014)

We re-examine the probabilistic foundation of the link between Z-score measures and banks' probability of...

 

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Bank Equity Involvement in Industrial Firms and Bank Risk (with Laetitia Lepetit), Available at SSRN: http://ssrn.com/abstract=1713223 (2012)

The regulatory framework in Europe does not prevent banks from taking large or controlling equity...

 

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Monetary, financial and fiscal stability in the East African Community: ready for a monetary union? (with Laetitia Lepetit and Clovis Rugemintwari), Available at SSRN: http://ssrn.com/abstract=2163040 (2012)

We examine prospects for a monetary union in the East African Community (EAC) by developing...