[1] His research contributions span many fields such as (central) banking, corporate finance, political economy, redistributive growth, legal and financial history.

His MIT theoretical dissertation combined models of privatization, crossholding networks, the Japanese Keiretsu groups and the dynamics of asset pricing under political risk.

[7] Early in his career he became involved in research and policy advice on the financial transition in Eastern Europe and Russia, serving as advisor to the EC, World Bank and IMF.

[14][15][16][17] In 2020 he joined the ESRB Advisory Scientific Board, contributing to work on long term credit trends and policy options for uninsured runs.

[18] In 2023 he proposed to reduce forbearance by containing run escalation by contingent redemption charges and developed with Edoardo Martino a new recovery regime to support timely corrective intervention by Pillar II authorities.