Among the two primary liquidity providers in OTC corporate bond trading—dealers and institutional investors—the latter are more exposed to adverse selection.
Journal of Financial Markets (accepted), 2024.

The paths that researchers choose for analysis are a source of an additional sizable error: non-standard error.
Journal of Finance (forthcoming), 2024.

Issuers do not exercise embedded bond call options timely. Following such missed call opportunities, the bond value increases.
Working paper, 2023.

We use the principles of market microstructure invariance to construct upward-sloping transaction cost functions for individual corporate bonds. These functions are then utilized to assess the capacity of systematic bond strategies.
Working paper, 2023.

Bond trading activity evolves in slow-moving, predictable waves with implications for bond liquidity and returns.
Working Paper, 2018.

The part of credit risk premium orthogonal to the state of the economy predicts bond market returns better than the risk premium itself.
Working Paper, 2017.


I am teaching the following courses at VU Amsterdam:

  • Financial Markets and Institutions, 2020-present
  • Finance Research Project, 2020-present

In the past, I was tutoring the following courses at the Univeristy of Lausanne:

  • Asset Pricing and Long-Term Portfolio Management (instructor: Johan Walden)
  • Fixed Income and Credit Risk (instructors: Michael Rockinger, Artem Neklyudov)
  • Advanced Derivatives (instructor: Michael Rockinger)
  • Corporate Finance (instructor: Emanuele Tarantino)

I also lectured the following courses at the Higher School of Economics (Moscow):

  • Topics in International Finance (Master’s program), 2014-2019