740 Fisher Hall
2100 Neil Ave
Columbus, OH 43210


allen.1850@osu.edu


curriculum vitae

I am a Ph.D. candidate in finance at The Ohio State University Fisher School of Business.  My research interests vary across topics in corporate finance and financial institutions.

Previously, I received degrees (MBA 2014, B.A. Economics 2009) from Brigham Young University in Provo, Utah.


“Monetary Policy and the Currency of Corporate Debt” (Job-Market Paper)
(Internet Appendix)

Research on cross-border transmission of monetary policy focuses overwhelmingly on the role of financial institutions as capital suppliers. I argue that nonfinancial firms, as capital demanders, are also important. In a large international sample, firms rebalance their debt away from (toward) currencies where monetary policy rates rise (fall). This behavior is more prominent when debt-market frictions are low and firm financial flexibility is high. Long-term debt and bank debt are especially sensitive to rebalancing. Finally, declines in foreign policy rates boost investment for the firms most able to borrow in foreign markets.