Gara Afonso

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

http://nyfedeconomists.org/afonso

SCHOLARLY PAPERS

12

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1,668

CITATIONS
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Top 6,985

in Total Papers Citations

80

Scholarly Papers (12)

1.
Downloads 360 ( 81,124)
Citation 3

Do 'Too-Big-To-Fail' Banks Take on More Risk?

Economic Policy Review, Forthcoming
Number of pages: 20 Posted: 05 Apr 2014
Gara Afonso, João A. C. Santos and James Traina
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 311 (95,122)
Citation 7

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too-big-to-fail, government support

Do 'Too-Big-To-Fail' Banks Take on More Risk?

Journal of Financial Perspectives, Vol. 3, No. 2, 2015
Number of pages: 33 Posted: 07 Dec 2017
Gara Afonso, João A. C. Santos and James Traina
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 49 (393,082)

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2.

Systemic Risk and Liquidity in Payment Systems

FRB of New York Staff Report No. 352
Number of pages: 49 Posted: 09 Nov 2008 Last Revised: 10 Nov 2010
Gara Afonso and Hyun Song Shin
Federal Reserve Bank of New York and Bank for International Settlements (BIS)
Downloads 356 (82,180)
Citation 5

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systemic risk, financial networks, high-value payment systems, precautionary demand

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

Number of pages: 51 Posted: 19 Mar 2012
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 167 (176,375)
Citation 5

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Credit crunch, ABCP freeze, liquidity

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

FRB of New York Staff Report No. 623
Number of pages: 66 Posted: 11 Aug 2013
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 63 (347,994)
Citation 7

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funding risk and liquidity, global banking, ABCP freeze

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

CEPR Discussion Paper No. DP9457
Number of pages: 63 Posted: 02 May 2013
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 4 (640,056)
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ABCP freeze, credit crunch, liquidity

4.

Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis

Journal of Finance, Forthcoming, AFA 2011 Denver Meetings Paper, FRB of New York Staff Report No. 437
Number of pages: 53 Posted: 11 Mar 2010 Last Revised: 05 May 2011
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 229 (131,692)
Citation 122

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Fed funds, financial crises, liquidity, interbank lending, hoarding

5.

Trading Partners in the Interbank Lending Market

FRB of New York Staff Report No. 620
Number of pages: 52 Posted: 19 May 2013
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 192 (155,620)
Citation 39

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interbank lending, OTC markets

6.
Downloads 71 (322,420)
Citation 22

Trade Dynamics in the Market for Federal Funds

FRB of New York Staff Report No. 549
Number of pages: 96 Posted: 25 Feb 2012
Gara Afonso and Ricardo Lagos
Federal Reserve Bank of New York and New York University (NYU) - Department of Economics
Downloads 67 (336,745)
Citation 1

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Fed funds market, search, bargaining, over-the-counter

Trade Dynamics in the Market for Federal Funds

NBER Working Paper No. w20419
Number of pages: 70 Posted: 02 Sep 2014
Gara Afonso and Ricardo Lagos
Federal Reserve Bank of New York and New York University (NYU) - Department of Economics
Downloads 4 (640,056)
Citation 79

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7.

Liquidity and Congestion

FRB of New York Staff Report No. 349
Number of pages: 44 Posted: 20 Oct 2008 Last Revised: 08 Jun 2010
Gara Afonso
Federal Reserve Bank of New York
Downloads 59 (354,813)
Citation 22

Abstract:

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liquidity, search, congestion, asset pricing

8.

An Empirical Study of Trade Dynamics in the Fed Funds Market

FRB of New York Staff Report No. 550
Number of pages: 40 Posted: 25 Feb 2012
Gara Afonso and Ricardo Lagos
Federal Reserve Bank of New York and New York University (NYU) - Department of Economics
Downloads 56 (363,916)
Citation 14

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monetary policy, Fed funds market, Fed funds rate

A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow

FRB of New York Staff Report No. 840
Number of pages: 44 Posted: 28 Feb 2018
Gara Afonso, Roc Armenter and Benjamin R. Lester
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 36 (444,679)
Citation 1

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monetary policy implementation, federal funds market, over-the-counter markets

10.

The Over-the-Counter Theory of the Fed Funds Market: A Primer

FRB of New York Staff Report No. 660
Number of pages: 32 Posted: 12 Jan 2014
Gara Afonso and Ricardo Lagos
Federal Reserve Bank of New York and New York University (NYU) - Department of Economics
Downloads 39 (422,566)
Citation 4

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Fed funds market, search, bargaining, over-the-counter

11.

Stressed Not Frozen: The Fed Funds Market in the Financial Crisis

NBER Working Paper No. w15806
Number of pages: 60 Posted: 15 Mar 2010 Last Revised: 10 Sep 2010
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 36 (434,769)
Citation 9

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12.

Relationships Matter: The Importance of Relationships in the Fed Funds Market

Posted: 19 Mar 2011 Last Revised: 25 Oct 2011
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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