My research focuses on how international finance impacts important outcomes such as economic crises (either financial crises explicitly or via fiscal policy management) or strategic outcomes such as the use of economic sanctions in foreign policy. The findings are relevant for national policymakers but also international organizations such as the World Bank or the International Monetary Fund.
More specifically, I examine the concept of "financial vulnerability" to international economic conditions in order to understand how such conditions impact countries' economic and institutional development. I examine whether financial markets influence fiscal policy, how financially vulnerable democracies have worse debt-market access compared with autocracies, and whether financially vulnerable countries are more susceptible to coercion through the imposition of economic sanctions.
I also have ongoing work examining the independence of central banks and how this shapes central banker preferences and policy choices, new frameworks for estimating the independence of central banks, and how this important institution impacts political stability in newly democratized countries. Ongoing work examines the conditions which lead to banking crises and what explains which countries experience the worst outcomes from such crises. While I have a larger research agenda, these works form the core of my present focus.