The Interplay between Liquidity
Regulation, Monetary Policy Implementation and Financial Stability,
in Achieving Financial Stability: Challenges
to Prudential Regulation, proceedings of the 19th Annual International Banking
Conference at the Federal Reserve Bank of Chicago, ed. by D. Evanoff, G. Kaufman, A. Leonello,
and S. Manganelli (2018), 173-193.
Reprinted in: Global Finance Journal, forthcoming
(2018).
See also: Presentation slides
Stability of Funding Models: An Analytical Framework,
with Thomas Eisenbach, James McAndrews,
and Tanju
Yorulmazer, Economic
Policy Review, Federal Reserve Bank of
On the Economics of Committed
Liquidity Facilities, with Morten Bech, in Liquidity and
Funding Markets, ed. by A. Heath, M. Lilley and M. Manning, Reserve
Bank of Australia (2013) 183-206.
On the Liquidity Coverage Ratio and Monetary Policy
Implementation, with Morten Bech, Quarterly Review, Bank for International Settlements
(December 2012), 49-61.
On the Fundamental Reasons for Bank
Fragility, with Huberto
Ennis, Economic
Quarterly, Federal Reserve
Bank of
Why Are Banks Holding So Many Excess
Reserves? with James McAndrews, Current Issues in Economics and
Finance, Federal Reserve Bank of New York, Vol. 15, No. 8 (December
2009). Revised
version of Staff Report No. 380.
Understanding Monetary Policy
Implementation, with Huberto
Ennis, Economic
Quarterly, Federal Reserve
Bank of
See also: Technical Appendix to
the paper
Divorcing Money from Monetary Policy,
with Antoine Martin and Jamie McAndrews, Economic Policy Review, Federal
Reserve Bank of
Dollarization as a Monetary
Arrangement for Emerging Market Economies,
with Gaetano Antinolfi,
Federal Reserve Bank of St. Louis Review,
Vol. 83 (November/December 2001), 29-39.
Interest on Excess Reserves and Cash "Parked" at
the Fed,
with Gaetano
Antinolfi, August 27, 2012.
Corridors and Floors in Monetary Policy, April 4, 2012.
Cash Assets of Foreign Banks: An Example of Seasonal
Adjustment Gone Awry, with Adam
Copeland and Parinitha Sastry,
January 9, 2012.
Why is There a "Zero Lower
Bound" on Interest Rates?, November 16,
2011.