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Financial Intermediation: Publications

Publications covering issues related to financial intermediation and financial markets, including the behavior and health of financial institutions, innovation, governance, and risk management.

Liberty Street Economics

Data Link Helps Shed Light on Banks and Public Equity Anna Kovner, Phoebe White, and Lily Zhou June 3, 2013

Piggy Banks Donald P. Morgan and Katherine Samolyk May 29, 2013

Did Securitization Lead to Riskier Corporate Lending? João Santos February 4, 2013

Ring-Fencing and "Financial Protectionism" in International Banking Linda Goldberg and Arun Gupta January 9, 2013

Why (or Why Not) Keep Paying Interest on Excess Reserves? Gara Afonso December 3, 2012

Doing Well by Doing Good? Community Development Venture Capital Anna Kovner November 21, 2012

Weakness in the U.S. IPO Market Stavros Peristiani October 29, 2012

Tracking the U.S. Banking Industry Dafna Avraham, Tara Sullivan, and James Vickery October 10, 2012

Follow That Money! How Global Banks Manage Liquidity Globally Nicola Cetorelli and Linda Goldberg August 29, 2012

CCAR: More than a Stress Test Beverly Hirtle July 2, 2012

Is the 2005 Bankruptcy Reform Working? Donald P. Morgan June 4, 2012

Are CDS Derivatives Associated with Higher Corporate Defaults? Stavros Peristiani May 30, 2012

What’s Driving Up Money Growth? Jamie McAndrews, Donald Morgan, and James Vickery May 23, 2012

The Private Premium in Public Bonds? Anna Kovner and Chenyang Wei May 16, 2012

The Dodd-Frank Act’s Potential Effects on the Credit Rating Industry James Vickery February 15, 2012

Do Payday Lenders Target Minorities? Donald P. Morgan and Kevin J. Pan February 8, 2012

A Special Series on the Evolution of Banking and Financial Intermediation

Introducing a Series on the Evolution of Banks and Financial Intermediation Nicola Cetorelli July 16, 2012

The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation João Santos July 17, 2012

The Role of Bank Credit Enhancements in Securitization Benjamin H. Mandel, Donald Morgan, and Chenyang Wei July 18, 2012

The Dominant Role of Banks in Asset Securitization Nicola Cetorelli and Stavros Peristiani July 19, 2012

Peeling the Onion: A Structural View of U.S. Bank Holding Companies Dafna Avraham, Patricia Selvaggi, and James Vickery July 20, 2012

A Principle for Forward-Looking Monitoring of Financial Intermediation: Follow the Banks! Nicola Cetorelli July 23, 2012

Economic Policy Review

The Evolution of Banks and Financial Intermediation: Framing the Analysis Nicola Cetorelli, Benjamin H. Mandel, and Lindsay Mollineaux Volume 18, Number 2  July 2012

Regulation's Role in Bank Changes Peter Olson Volume 18, Number 2  July 2012

The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation Vitaly M. Bord and João A. C. Santos Volume 18, Number 2  July 2012

The Role of Bank Credit Enhancements in Securitization Benjamin Mandel, Donald Morgan, and Chenyang Wei Volume 18, Number 2  July 2012

The Role of Banks in Asset Securitization Nicola Cetorelli and Stavros Peristiani Volume 18, Number 2  July 2012

A Structural View of U.S. Bank Holding Companies Dafna Avraham, Patricia Selvaggi, and James Vickery Volume 18, Number 2  July 2012

Evolution and Heterogeneity among Larger Bank Holding Companies: 1994 to 2010 Adam Copeland Volume 18, Number 2  July 2012

Subprime Foreclosures and the 2005 Bankruptcy Reform Donald P. Morgan, Benjamin Iverson, and Matthew Botsch Volume 18, Number 1  March 2012

Current Issues in Economics and Finance

The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit Meta Brown, Andrew Haughwout, Donghoon Lee, and Wilbert van der Klaauw Volume 19, Number 2  2013

Market Declines: What Is Accomplished by Banning Short-Selling? Robert Battalio, Hamid Mehran, and Paul Schultz Volume 18, Number 5  2012

Robust Capital Regulation Viral Acharya, Hamid Mehran, Til Schuermann, and Anjan Thakor Volume 18, Number 4  2012

Staff Reports

Trading Partners in the Interbank Lending Market Gara Afonso, Anna Kovner, and Antoinette Schoar Number 620  May 2013

A Bargaining Theory of Trade Invoicing and Pricing Linda Goldberg and Cédric Tille Number 611  April 2013

Buyout Activity: The Impact of Aggregate Discount Rates Valentin Haddad, Erik Loualiche, and Matthew C. Plosser Number 606  March 2013

Identifying Term Interbank Loans from Fedwire Payments Data Dennis Kuo, David Skeie, James Vickery, and Thomas Youle Number 603  March 2013

A Sampling-Window Approach to Transactions-Based Libor Fixing Darrell Duffie, David Skeie, and James Vickery Number 596  February 2013

Securitization and the Fixed-Rate Mortgage Andreas Fuster and James Vickery Number 594  January 2013

Doing Well by Doing Good? Community Development Venture Capital Anna Kovner and Josh Lerner Number 572  September 2012

The Private Premium in Public Bonds Anna Kovner and Chenyang Wei Number 553  March 2012

Trade Dynamics in the Market for Federal Funds Gara Afonso and Ricardo Lagos Number 549  February 2012

Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession Nicola Cetorelli and Linda S. Goldberg Number 545  February 2012

Corporate Governance of Financial Institutions Hamid Mehran and Lindsay Mollineaux Number 539  January 2012 Revised February 2012