Gara Afonso

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

http://nyfedeconomists.org/afonso

SCHOLARLY PAPERS

14

DOWNLOADS
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SSRN RANKINGS

Top 27,180

in Total Papers Downloads

2,161

SSRN CITATIONS
Rank 2,667

SSRN RANKINGS

Top 2,667

in Total Papers Citations

172

CROSSREF CITATIONS

319

Scholarly Papers (14)

1.
Downloads 568 ( 57,907)
Citation 15

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

Economic Policy Review 20(2), 41-58, 2014.
Number of pages: 20 Posted: 05 Apr 2014 Last Revised: 01 Mar 2021
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 495 (68,055)
Citation 9

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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 73 (385,823)

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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 382 (93,548)
Citation 7

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

3.

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 251 (146,912)
Citation 59

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interbank lending, OTC markets

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 178 (202,376)
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 68 (401,417)
Citation 13

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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 (764,636)
Citation 1
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ABCP freeze, credit crunch, liquidity

5.

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 236 (155,919)
Citation 15

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

6.
Downloads 77 (370,281)
Citation 95

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 69 (398,301)
Citation 9

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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 Last Revised: 18 Apr 2021
Gara Afonso and Ricardo Lagos
Federal Reserve Bank of New York and New York University (NYU) - Department of Economics
Downloads 8 (730,809)
Citation 33

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7.
Downloads 71 (387,396)
Citation 2

The Market Events of Mid-September 2019

FRB of New York Staff Report No. 918 (2020)
Number of pages: 30 Posted: 06 Mar 2020
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York - Research and Statistics
Downloads 71 (391,923)

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federal funds market, repo market, central bank reserves, regulation, monetary policy

The Market Events of Mid-September 2019

CEPR Discussion Paper No. DP14467
Number of pages: 33 Posted: 25 Mar 2020
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York - Research and Statistics
Downloads 0
Citation 2
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central bank reserves, Federal funds market, Monetary policy implementation, regulation, repo market

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 71 (387,396)
Citation 10

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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 47 (480,130)
Citation 7

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

10.

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 65 (405,983)
Citation 16

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liquidity, search, congestion, asset pricing

Monetary Policy Implementation with an Ample Supply of Reserves

FEDS Working Paper No. 2020-020 https://doi.org/10.17016/FEDS.2020.020
Number of pages: 57 Posted: 18 May 2020
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York - Research and Statistics, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Peter G. Peterson Institute for International Economics and Federal Reserve Bank of Chicago
Downloads 27 (585,727)
Citation 1

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Federal funds market; Monetary policy implementation; Ample reserve supply

Monetary Policy Implementation with an Ample Supply of Reserves

FRB of New York Staff Report No. 910, January 2020
Number of pages: 47 Posted: 24 Jan 2020
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York - Research and Statistics, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Peter G. Peterson Institute for International Economics and Federal Reserve Bank of Chicago
Downloads 17 (658,410)
Citation 2

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federal funds market, monetary policy implementation, ample reserve supply

Monetary Policy Implementation with an Ample Supply of Reserves

FRB Atlanta Working Paper No. 2020-2
Number of pages: 47 Posted: 29 Apr 2020
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York - Research and Statistics, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Peter G. Peterson Institute for International Economics and Federal Reserve Bank of Chicago
Downloads 9 (722,632)

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monetary policy implementation, federal funds market, ample reserve supply

Monetary Policy Implementation with an Ample Supply of Reserves

FRB of Chicago Working Paper No. WP-2020-02
Number of pages: 47 Posted: 27 Apr 2020
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York - Research and Statistics, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Peter G. Peterson Institute for International Economics and Federal Reserve Bank of Chicago
Downloads 6 (747,469)

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federal funds market, monetary policy implementation, ample reserve supply

12.

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 43 (488,558)
Citation 1

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13.

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 41 (497,382)
Citation 4

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

14.

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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