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


Working papers

"Financial fragility and over-the-counter markets", R&R at Journal of Economic Theory

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

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

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


Work in progress

"Knowing me and knowing you, a theory of intermediation" (with Zach Bethune & Nicholas Trachter)

"Monetary economics in the lab" (with Peter Norman & Randall Wright)