I am a Ph.D. candidate specializing in International Macroeconomics, Banking, and Financial Markets.
My research focuses on the dynamics of capital flows and their effects on banking stability and economic performance. My goal is to contribute to frameworks that enhance financial stability and inform policy decisions in a globalized financial system.
This study investigates the implications of sudden stops on the competitive landscape of the banking sector. Using data for 46 emerging economies, the study presents evidence of a reduction in banking competition following a sudden stop episode. This paper employs a small open economy model featuring banks that operate under imperfect competition and face an occasionally binding collateral constraint. The entry and exit of banks influence the market power of existing incumbents. The diminishing availability of external funds triggers a contraction in the banking sector, resulting in a reduced number of banks. The resulting decrease in the number of banks amplifies market concentration, empowering surviving institutions to exercise greater pricing power. This drives up loan rates, exacerbating the borrowing costs for firms and households.
This paper develops a DSGE open economy model featuring a banking sector with heterogeneous banks, characterized by a Pareto distribution of productivity and subject to occasionally binding collateral constraints on foreign borrowing. The model investigates how bank productivity heterogeneity interacts with external financing conditions, affecting credit supply, firm investment, and macroeconomic stability. The analysis explores the dynamic responses to key shocks, including sudden stops in capital flows, central bank interest rate adjustments, and changes in bank entry and operational costs.
Managerial Economics
Intermediate Macroeconomics
Introduction to Microeconomics
Graduate Math Camp
Macroeconomic Analysis I
Introduction to Microeconomics
Introduction to Macroeconomics
Advanced Macroeconomics
Investment, Capital and Finance
Topics in Financial Economics
Topics in Monetary Economics
Economic Analysis of the Law