- Delegated Asset Management and Investment Mandates. with Wei Xiong, 07/2010. (previously titled "Multi-market Delegated Asset Management")
- Uncertainty, Risk, and Incentives: Theory and Evidence. with Si Li, Bin Wei, and Jianfeng Yu. 11/2010.
- Intermediary Asset Pricing. with Arvind Krishnamurthy. updated, 06/2010.
- A Theory of Debt Maturity: The Long and Short of Debt Overhang. with Douglas Diamond. 01/2011.
- Information Acquisition and Rumor-based Bank Runs. with Asaf Manela, 08/2011, new.
- Debt and Creative Destruction: Why is Subsidizing Corporate
Debt Optimal? with Matvos Gregor, 08/2011, new.