Publications

Hedge Funds, Financial Intermediation, and Systemic Risk  
With Til Schuermann and Kevin Stiroh
Federal Reserve Bank of New York Economic Policy Review, V.13, no.3, 1-18, 2007

Systemic Risk and the Financial System  
With Darryll Hendricks and Patricia Mosser
Federal Reserve Bank of New York Economic Policy Review, V.13, no.2, 65-80, 2007

Trading Risk, Market Liquidity, and Convergence Trading in the Interest Rate Swap Spread
Federal Reserve Bank of New York Economic Policy Review, v.12, no.1, 1-13, 2006

The Effect of Interest Rate Option Hedging on Term Structure Dynamics
With Patricia C. Mosser
Federal Reserve Bank of New York Economic Policy Review, v. 7, no. 3, 51-70, December, 2001

Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses 
With Paul Bennett, and Kenneth Garbade
Federal Reserve Bank of New York Economic Policy Review, v.6, no.1, 89-119, 2000
31 pages / 468 kb

Dealers' Hedging of Interest Rate Options in the US Dollar Fixed Income Market 
Federal Reserve Bank of New York Economic Policy Review, v.4, no.2, 35-57, 1998
23 pages / 372 kb

The size of Hedge Adjustments of Derivatives Dealers' US Dollar Interest Rate Options  
The Measurement of Aggregate Market Risk, Bank for International Settlements, November, 1997
25 pages / 129 kb

Approximation of Changes in Option Values and Hedge Ratios: How Large are the Errors?  
With Arturo Estrella
The Measurement of Aggregate Market Risk, Bank for International Settlements, November, 1997
25 pages / 129 kb

Residual Risk Factors, Portfolio Composition and Risk Measurement  
With Anthony Rodrigues
The Measurement of Aggregate Market Risk,Bank for International Settlements, November, 1997
25 pages / 129 kb

Price Risk Intermediation in the Over-the-Counter Derivatives Markets: Interpretation of a Global Survey 
With Frank Keane, and Catherine Benadon
Federal Reserve Bank of New York Economic Policy Review, v.2, no.1, 1-15, 1996
16 pages / 77 kb

The Price Risk of Options Positions
With Arturo Estrella, Darryll Hendricks, Soo Shin, and Stefan Walter
Federal Reserve Bank of New York Quarterly Review, v.19, no.2, 27-43, 1994,

Concealment of Risk and Regulation of Bank Risk Taking
Journal of Regulatory Economics, v.2, 397-414, 1990

Direct Controls and Incentives Systems of Regulation
Journal of Environmental Economics and Management, v.18, s72-s85, 1990

Regulatory Standards, Noncompliance and Enforcement
Journal of Regulatory Economics, v.1, 103-114, 1989

Unilateral Disclosure of Private Information by a Regulated Firm
Journal of Economic Behavior and Organization, v.10, 57-82, 1988

Optimal Product Quality Under Asymmetric Information and Moral Hazard
Bell Journal of Economics, v.13, 483-492, 1982

John Kambhu's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.