Artificial Intelligence and Cybersecurity in the Financial Sector
With Tamas Gaidosch, Marina Moretti, Mahvash Qureshi, Rangachary Ravikumar
International Monetary Fund Note 2026/005
International Monetary Fund Note 2026/001
With Parma Bains, Marianne Bechara, Eugenio Cerutti, Stephanie Forte, Federico Grinberg, Alessandro Gullo, Martina Hengge, Kathleen Kao, Tommaso Mancini-Griffoli, Soledad Martinez Peria, Marcello Miccoli, Marco Reuter, Nobuyasu Sugimoto
International Monetary Fund Departmental Paper 2025/009
L'Avenir de l'Intelligence Artificielle sur les Marches de Capitaux
With Benjamin Mosk and Jason Wu
Revue d'Economie Financiere 159, 3rd quarter 2025, 139-163
Previously circulated as The Future of AI in Capital Markets
Bank to Sovereign Risk Transmission: New Evidence
With Mahvash Qureshi and Tomohiro Tsuruga
International Monetary Fund Global Financial Stability Notes 2025/003
New Perspectives on Quantitative Easing and Central Bank Capital Policies
With Chris Erceg, Marcin Kolasa, Jesper Lindé, Roger McLeod, Romain Veyrune, Pawel Zabczyk
Central Bank Capital in Turbulent Times: The Risk Management Dimension of Novel Monetary Policy Instruments, Chapter 7, edited by Dirk Broeders, Aerdt Houben, Matteo Bonetti, Springer Verlag
Previously circulated as International Monetary Fund Working Paper 24/103
The US Banking Sector since the March 2023 Turmoil: Navigating the Aftermath
With Nassira Abbas, Silvia Ramirez, Gonzalo Fernandez Dionis
International Monetary Fund Global Financial Stability Notes 2024/001
The Rise of Payment and Contracting Platforms
With Tommaso Mancini-Griffoli
International Monetary Fund Fintech Note 2023/5
Approaches to Climate Risk Analysis in FSAPs
With Pierpaolo Grippa, Marco Gross, Vikram Haksar, Ivo Krznar, Caterina Lepore, Fabian Lipinsky, Hiroko Oura, Sujan Lamichhane, Apostolos Panagiotopoulos
International Monetary Fund Climate Note 2022/005
With Jim Morsink, Liliana Schumacher
Handbook of Financial Stress Testing, Cambridge University Press, 2022, 511-556
Previously circulated as International Monetary Fund Departmental Paper 20/04
With Chris Erceg, Simon Gray, Ratna Sahay
International Monetary Fund Departmental Paper 21/23, October 2021
See the launch event
``Low-for-Long'' and Risk-Taking
International Monetary Fund Departmental Paper 20/15
See the Launch Event
A Monitoring Framework for Global Financial Stability
With Dong He, Nellie Liang, Fabio Natalucci
International Monetary Fund Staff Discussion Note 19/06
Advancing the Frontiers of Monetary Policy
With Doug Laxton and Maury Obstfeld, editors
International Monetary Fund, Washington DC, April 2018
Monetary Policy and Financial Conditions: A Cross-Country Study
With Fernando Duarte, Federico Grinberg, Tommaso Mancini-Griffoli
In: Advancing the Frontiers of Monetary Policy, International Monetary Fund, pp. 83-106
Previously circulated as Centre for Economic Policy Research Discussion Paper, Number 12681
Shadow Banking and Market Based Finance
With Bradley Jones
Financial Stability Review 22, April 2018, pp. 13-24
Also circulated as International Monetary Fund Departmental Paper 18/14
Macroprudential Policy: A Case Study from a Tabletop Exercise
With Patrick de Fontnouvelle, Emily Yang, Andrei Zlate
Economic Policy Review 23(1), Federal Reserve Bank of New York, February 2017, pp. 1-30
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 742
Financial Stability Policies for Shadow Banking
In: Shadow Banking Within and Across National Borders, edited by Stijn Claessens, Douglas Evanoff, George Kaufman, Luc Laeven, World Scientific Studies in International Economics 40, January 2015
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 664
With Brian Begalle, Adam Copeland, and Antoine Martin
In: Risk Topography: Systemic Risk and Macro Modeling, edited by Markus K. Brunnemeier and Arvind Krishnamurthy,
National Bureau of Economic Research Conference Report, University of Chicago Press, 2014, pp. 131-148
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 529
With Zoltan Pozsar, Adam Ashcraft, and Hayley Boesky
Economic Policy Review 19(2), Federal Reserve Bank of New York, December 2013
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 458
With Markus K. Brunnermeier and Hoai-Luu Nguyen
In: Quantifying Systemic Risk, ed. by Joseph G. Haubrich and Andrew W. Lo, University of Chicago Press, 2013
Previously circulated as National Bureau of Economic Research, Chapter c12057
Shadow Banking: A Review of the Literature
With Adam B. Ashcraft
Palgrave Dictionary of Economics, October 2012
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 580
Dodd-Frank One Year On: Implications for Shadow Banking
In: Dodd-Frank: One Year On, ed. by Viral Acharya, Thomas Cooley, Matthew Richardson, and Ingo Walter
CEPR Conference Volume, July 2011, pp. 59-65
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 533
The Federal Reserve's Commercial Paper Funding Facility
With Dina Marchioni and Karin Kimbrough
Economic Policy Review 17(1), May 2011, pp. 25-39
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 423
The Shadow Banking System: Implications for Financial Regulation
With Hyun Song Shin
Financial Stability Review 13, September 2009, pp. 1-10
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 382
The Federal Reserve's Primary Dealer Credit Facility
With Christopher R. Burke and James J. McAndrews
Current Issues in Economics and Finance 15(4), Federal Reserve Bank of New York, August 2009
Financial Intermediaries, Financial Stability, and Monetary Policy
With Hyun Song Shin
Jackson Hole Economic Symposium Proceedings 2008, Federal Reserve Bank of Kansas City, pp. 287-334
Previously circulated as Federal Reserve Bank of New York Staff Reports, Number 346
Liquidity, Monetary Policy, and Financial Cycles
With Hyun Song Shin
Current Issues in Economics and Finance 14(1), Federal Reserve Bank of New York, January/February 2008
Liquidity and Financial Contagion
With Hyun Song Shin
Financial Stability Review 11, February 2008, pp. 1-8
Measuring Risk in the Hedge Fund Sector
Current Issues in Economics and Finance 13(3), Federal Reserve Bank of New York, March/April 2007
What Financing Data Reveal about Dealer Leverage
With Michael Fleming
Current Issues in Economics and Finance 11(3), Federal Reserve Bank of New York, March 2005