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 Research interests: Banking, Household Finance, Development Economics 

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Working Papers

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Financial Innovation, Labor Markets, and Wage Inequality: Evidence from Instant Payment Systems (with Carlos Burga, Jacelly Cespedes, and Carlos Parra) [Paper version November 2024]

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Speed of Payment in Procurement Contracts: the Role of Political Connections (with Ricardo Dahis, and Thiago Scot) [Paper version April 2024]

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Banks' Physical Footprint, Digital Payment Technologies and Fintech Growth (with Lucas Mariani and José Renato Ornelas)  [Paper version March 2025] [Summary: World Bank All About Finance, IDB Ideas Matter, and BBC Brasil] [Febraban prize best paper in Banking] 

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Internal Markets and M&A Value Creation: Evidence from Bank Branch-level Data (with Lucas Mariani) [ Paper  version January 2024] R&R at the Journal of Financial and Quantitative Analysis​

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Household Debt Composition and Labor Market Outcomes (with Nelson Camanho, Toni dos Santos, and Jesús Gorrín) [Paper version March 2025]

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Competing for Loan Seniority: Implications and Evidence from the Credit Cards Market (with Theo Martins and Arthur Taburet) [Draft available upon request]

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Work in Progress​​​

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The Labor Market Effects of a Credit Crunch (with Marco Bonomo, Cecilia Machado, and Bruno Martins)

 

​Complementarities Between Instant Payments and Open Finance: Evidence from Brazil (with Giorgia Barboni, Lucas Mariani, and José Renato Ornelas)

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Determinants of Concentration in the Banking Industry: Evidence from Payroll Auctions 

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Publication 

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Export Side Effects of Wars on Organized Crime: The Case of Mexico (with Jesús Gorrín and José Morales-Arilla) Journal of International Economics [Paper version March 2023]

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Other Publications / Reports

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MiDES: New Data and Facts from Public Procurement and Budget Execution in Brazil (with Ricardo Dahis, Lucas Nascimento, Nathalia Sales, and Thiago Scot) [World Bank Policy Research Working Paper version November 2023] [Dataset]

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Idiosyncratic Moments and the Cross-Section of Stock Returns in Brazil, Brazilian Review of Econometrics, Vol. 36, 2, 255-286, 2016. (with Caio Almeida and Cristina Tessari) [Paper]

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