The landscape of currency risk hedging in the euro-area and the impact of CIP deviations on international bond markets Presentations: AFA (2026), Paris December Finance Meeting (2025), MFA (2025), EFA (2024), NFA (2024), Global Capital Allocation Conference (2024), BoE-BdF-IMF-BdI-OECD Workshop on International Capital Flows and Financial Policies (2024), ECB-NYFed Workshop on Non-Bank Financial Institutions (2024), ECB Money Market Conference (2024)
Contractionary monetary policy shocks result in higher homeowners insurance prices, driven by balance sheet constraints. This amplifies the effects of monetary policy on real estate and mortgage markets. Presentations: AFA (2026), FIRS (2025), EFA (2025), IWH FIN-FIRE (2025)
Margins as Canaries in the Coal Minewith Martin Oehmke
[coming soon]
We study the optimal design of margins and central clearinghouses when these (can) replace defaulted sellers.