Gyuri's research lies in financial economics in the presence of market frictions such as informational asymmetries, and balance sheet and other portfolio constraints, with a focus on theoretical asset pricing. He seeks to understand how these frictions affect security prices, intermediation, systemic risk, risk management, monetary policy, and optimal regulation in financial markets. He has explored the ability of market prices to collect and transmit private information of large market participants, how trading constraints affect the information content of prices and the informational link between prices and real economic activity, how institutional investors’ balance sheet constraints and price impact can lead to predatory behaviour and systemic risk in asset markets, how new information revealed by central bank communication gets incorporated into asset prices, how hedging activity amplifies interest rate movements and leads to excess volatility, how demand and supply factors impact the level and dynamics of Law of One Price violations and how they contribute to systemic risk, and how funding constraints affect stock and bond prices and their co-movements.