Speculation, Forward Exchange Demand, and CIP Deviations in Emerging Economies

(with Pierre De Leo and Lorena Keller)

Revision Requested: Journal of Finance

Bond Demand and the Yield-Exchange Rate Nexus: Risk Premium vs. Convenience Yield

Award: 2025 Yihong Xia Best Paper Award

Common Risk Factors in the Returns on Stocks, Bonds (and Options), Redux

(with Zhongtian Chen, Nikolai Roussanov, and Xiaoliang Wang)

Award: 2024 Jacobs Levy Center Research Paper Prize for Best Paper

Media Coverage: Knowledge@Wharton

The A-H Premium and Implications for Global Investing in Chinese Stocks

(with Jennifer Carpenter and Robert Whitelaw)

Media Coverage: Investopedia, Nikkei Asia