Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments
Job Market Paper
Review of Financial Studies, Volume 38, Issue 1, January 2025, Pages 39–113
Financial News & KAFA Top-Journal Paper Award
Presentations
AEA, NBER IFM Meeting, IMF Macro-Financial Research Conference, WEAI-IBEFA Conference, HEC Paris-CEPR Conference, EFA, Bank of Korea, Australasian Finance and Banking Conference, International Risk Management Conference, Korea University, HKUST, Vanderbilt Owen, Yale SOM, Federal Reserve Bank of New York, Federal Reserve Board, Stockholm School of Economics, Federal Reserve Bank of Chicago, Warwick Business School, U of SC Darla Moore, Oxford Said, Imperial College London, HKU, Federal Reserve Board (Pre-Job Market Conference), SoFiE Seminar (
Video), NYU Stern
CRISK: Measuring the Climate Risk Exposure of the Financial System
Co-authors: Robert Engle and Richard Berner
Accepted at Journal of Financial Economics
Berkeley Haas Sustainability Research Prize Finalist
Presentations
AEA, Paris December Finance Meeting, UN PRI Academic Network Week, OFR Climate Implications for Financial Stability Conference, CEBRA, EFA, International Journal of Central Banking Conference, Cornell University ESG Investing Research Conference, Banco de Portugal Conference on Financial Intermediation, OCC Symposium, ESRB Workshop, NY Fed-Columbia University Conference, System Climate Meeting by the Federal Reserve Bank of San Francisco, OU-RFS Climate Conference, Federal Reserve Board, Banque de France Workshop, ESSEC-Amundi Chair Webinar, Federal Reserve Bank of Richmond, Australasian Finance and Banking Conference*, (EC)^2 Conference, European Central Bank, MIT GCFP Conference, Central Bank of Chile Workshop, Federal Reserve Stress Testing Research Conference, Federal Reserve Bank of New York, IFABS Oxford Conference, Green Swan Conference*, EBA EAIA Seminar*, Volatility and Risk Institute Conference (
Video)
Climate Stress Testing
Co-authors: Viral Acharya, Robert Engle, Richard Berner, Johannes Stroebel, Xuran Zeng, and Yihao Zhao
Annual Review of Financial Economics Vol. 15:291-326
Presentations
Indian Institute of Management Ahmedabad, Central Bank of Brazil, European Central Bank, IMF
Physical Climate Risk Factors and an Application to Measuring Insurers’ Climate Risk Exposure
Co-authors: Robert Engle, Shan Ge, and Xuran Zeng
Invited for Review of Financial Studies Dual Submission
Presentations
FHFA Econ Summit, System Banking Conference by the Federal Reserve Board, Financial Stability Conference by the Cleveland Fed and the OFR, NY Fed, Central Bank of Chile Annual Conference (
Video), Greater New York Finance Women Symposium*, Midwest Finance Association Meeting, Federal Reserve Board*, Baruch Conference* (Poster), CESifo Conference on Energy and Climate Economics, Columbia, ZEW Conference, WEAI-IBEFA Conference, Banca d’Italia and the IMF Conference, Volatility and Risk Institute Conference*, Yale Initiative on Sustainable Finance Symposium, Stanford Institute for Theoretical Economics Conference, WE ARE IN Macroeconomics and Finance Conference, OU-RFS Climate Conference
U.S. Banks’ Exposures to Climate Transition Risks
Co-authors: Joao Santos and Lee Seltzer
Presentations
Federal Reserve Bank of Cleveland*, System Climate Meeting by the Federal Reserve Bank of San Francisco, OCC Symposium*, IFABS Oxford Conference*, ASSA IBEFA, Stanford Institute for Theoretical Economics Conference, NY Fed-Columbia University Conference*, American Bankers Association, Federal Reserve Board, E-axes Young Scholar’s Webinar, CBRT-IFC Workshop*, the Climate and Biodiversity Conference by Banque de France*, Banca d’Italia and the IMF Conference, EFA*
Deviations from the Law of One Price across Economies
Co-author: Jaehoon (Kyle) Jung
Presentations
WAPFIN @ Stern Conference, Australasian Finance and Banking Conference*, Columbia GSB Finance Ph.D. Seminar, NYU Stern