Research interests

Open Macroeconomics, International Finance, Macroeconomics


  1. "Market liquidity and excess volatility: Theory and experiment," with David Munro, Journal of Economic Dynamics and Control 139 (2022): 104442.

  2. "Revisiting the PPP puzzle: Nominal exchange rate rigidity and region of inaction," with Seongho Song, Journal of International Financial Markets, Institutions and Money 78 (2022): 101540.

  3. "The cost of breaking an exchange rate peg: Synthetic control estimation," with Christopher Limnios, International Journal of Central Banking. (Accepted)

  4. "Choice of foreign exchange intervention and inflation targeting commitment," with Christopher Limnios, Finance Research Letters 46 (2022): 102402.

  5. "Capital controls and foreign exchange market intervention," Journal of International Money and Finance 101 (2020): 102098.

Working papers

  1. "The company you keep: Foreign investors, risk taking, and international contagion," with David Munro. (Submitted)

  2. "The short-term cost of breaking an exchange rate peg: Event study analyses," with Christopher Limnios. (Submitted)

  3. "Are financing constraints empirically relevant in labor search models?", with Christopher Limnios.

Work in progress

  1. "The impact of inflation targeting policy: Synthetic control estimation," with Christopher Limnios.

  2. "Market liquidity and the financial contagion."

  3. "Can the Fed's corridor system divorce money from monetary policy?", with Christopher Limnios.

  4. "An index of market-based monetary policy sentiment," with Christopher Limnios.

  5. "Effect of capital controls in small open economy: Regional approach," with Mario Gonzalez.

  6. "Exchange rate determination in the three-country model."

  7. "Identification of de facto exchange regimes using structural breaks in unit-root process," with Amit Sen.

  8. "Do stress tests affect banking sectors?: Synthetic control estimation," with Eric Fischer.

Awards / Grants

  • D. J. O'Conor Fellowship - Xavier University (2022-2025)

  • Jack and Mary Kay Downing Scholarship - Xavier University (2022-2023)

  • Faculty Development Leave - Xavier University (2020)

  • University Summer Fellowships - Xavier University (2019)

  • Summer Research Grants - Department of Economics, Xavier University (2018 and 2019)

  • CBRT 2017 Research Awards (3rd place) - Central Bank of the Republic of Turkey (2017)