Bruno Sultanum

Research Department
Federal Reserve Bank of Richmond
701 East Byrd Street, Richmond, Virginia 23219

"We must conduct research and then accept the results. If they don't stand up to experimentation, Buddha's own words must be rejected."

--- Dalai Lama XIV.

"The problem in this business isn't to keep people from stealing your ideas; it's making them steal your ideas!"

--- Howard H. Aiken.

Research fields

Macroeconomics, banking & financial economics

Published and accepted papers

"Optimal Diamond-Dybvig mechanism in large economies with aggregate uncertainty", Journal of Economic Dynamics and Control, 40 (2014) 95-102

"Preventing bank-runs" (with David Andolfatto & Ed Nosal), Theoretical Economics, 12 (2017), 1003–1028

"Financial fragility and over-the-counter markets", Accepted for publication at Journal of Economic Theory

Working papers

"Asset issuance in over-the-counter markets" (with Zach Bethune & Nicholas Trachter)

"An information-based theory of financial intermediation" (with Zach Bethune & Nicholas Trachter)

"Private information in over-the-counter markets" (with Zach Bethune & Nicholas Trachter)

"A crisis-bailout game" (with Ruilin Zhou & Bruno Salcedo)

Work in progress

"Playing with money" (with Douglas Davis, Oleg Korenok, Peter Norman and Randall Wright)