My interests are at the intersection of international macroeconomics and development economics. I am particularly interested in the forces that hinder economic development, and that render middle and lower income countries prone to international financial crises.

My recent research has two main strands. One strand looks at data on the allocation of productive resources across different points in space (for example, cities) and across different production plants with a view towards diagnosing the factors that result in an inefficient resource allocation. The other strand examines the role of sovereign risk in limiting the efficiency of capital flows to developing economies, and in subjecting those economies to sovereign default crises.

A focus of this research is on designing appropriate policy responses for creditor country governments and supranational institutions that can minimize the costs of international financial crises while promoting an efficient allocation of international capital.