Revised Staff Reports
Technical working papers revised to incorporate new data, comments from outside readers, and refinements to the line of argument. The new version of the staff report retains the original production number, but carries the date of revision as well as the original date of release.
Available only online
Browse revised staff reports:
Staff Reports Revised in 2009
Competition and Adverse Selection in the Small-Dollar
Loan Market: Overdraft versus Payday Credit

Previous title: “Price-Increasing Competition: The Curious Case
of Overdraft versus Deferred Deposit Credit”
Brian T. Melzer and Donald P. Morgan
September 2009  Number 391
Revised December 2009
Risk Appetite and Exchange Rates
Previous title: “Global Liquidity and Exchange Rates”
Tobias Adrian, Erkko Etula, and Hyun Song Shin
January 2009  Number 361
Revised December 2009
Prices and Quantities in the Monetary Policy Transmission Mechanism
Tobias Adrian and Hyun Song Shin
October 2009  Number 396
Revised October 2009
Capital Constraints, Counterparty Risk, and Deviations
from Covered Interest Rate Parity

Niall Coffey, Warren B. Hrung, and Asani Sarkar
September 2009  Number 393
Revised October 2009
Monetary Policy Implementation Frameworks:
A Comparative Analysis

Antoine Martin and Cyril Monnet
January 2008  Number 313
Revised October 2009
Bank Liquidity, Interbank Markets, and Monetary Policy
Xavier Freixas, Antoine Martin, and David Skeie
May 2009  Number 371
Revised September 2009
Revisiting Useful Approaches to Data-Rich Macroeconomic Forecasting
Jan J. J. Groen and George Kapetanios
May 2008  Number 327
Revised September 2009
CoVaR
Tobias Adrian and Markus K. Brunnermeier
September 2008  Number 348
Revised August 2009
Credit Market Competition and the Nature of Firms
Nicola Cetorelli
March 2009  Number 366
Revised July 2009
The Welfare Effects of a Liquidity-Saving Mechanism
Enghin Atalay, Antoine Martin, and James McAndrews
June 2008  Number 331
Revised June 2009
Outsourcing and Pass-Through
Previous title: “Arm’s-Length Transactions as a Source of Incomplete Cross-Border Transmission: The Case of Autos”
Rebecca Hellerstein and Sofia Berto Villas-Boas
April 2006  Number 251
Revised May 2009
Imperfectly Credible Disinflation under Endogenous
Time-Dependent Pricing

Marco Bonomo and Carlos Carvalho
November 2008  Number 355
Revised April 2009
Optimal Monetary Policy under Sudden Stops
Vasco Cúrdia
April 2008  Number 323
Revised April 2009
Systemic Risk and Liquidity in Payment Systems
Gara M. Afonso and Hyun Song Shin
October 2008  Number 352
Revised March 2009
Liquidity and Congestion
Gara M. Afonso
October 2008  Number 349
Revised March 2009
Seismic Effects of the Bankruptcy Reform
Donald P. Morgan, Benjamin Iverson, and Matthew Botsch
November 2008  Number 358
Revised February 2009
Banking Globalization and Monetary Transmission
Previous title: “Banking Globalization, Monetary Transmission,
and the Lending Channel”
Nicola Cetorelli and Linda S. Goldberg
July 2008  Number 333
Revised February 2009
Liquidity and Leverage
Tobias Adrian and Hyun Song Shin
May 2008  Number 328
Revised January 2009
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