I am an Associate Professor in the Finance Division at Columbia Business School. I am interested in understanding the evolving landscape of financial intermediation, where non-banks like mutual funds and ETFs are increasingly engaged in liquidity transformation while the traditional banking sector is transforming less liquidity than before. I study the implications of this trend on asset prices, financial stability, and monetary policy transmission. My findings have been mentioned in the popular press and cited by the International Monetary Fund, the Securities and Exchange Commission, the Federal Reserve, and the Financial Stability Board.

I am a Faculty Research Fellow at the National Bureau of Economic Research and a member of the Finance Theory Group. I am also an associate editor at the Journal of Financial Economics and an external consultant for the European Central Bank and the Federal Reserve Bank of New York. 

I received a Ph.D. in Finance from Stanford Graduate School of Business in 2018 and a B.A. in Economics & Mathematics and Global Affairs from Yale University in 2013. ​

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