Bernd Schlusche

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

14

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CITATIONS
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10

Scholarly Papers (14)

1.

Market Reaction to Corporate Press Releases

Number of pages: 58 Posted: 21 Feb 2010 Last Revised: 13 Nov 2011
Andreas Neuhierl, Anna Scherbina and Bernd Schlusche
University of Notre Dame - Department of Finance, University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 1,618 (5,193)
Citation 2

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Corporate News, Event Study, Market Efficiency

2.

Asset Price Bubbles: A Survey

Number of pages: 43 Posted: 28 Mar 2011 Last Revised: 03 Feb 2013
Anna Scherbina and Bernd Schlusche
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 945 (14,264)

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Bubbles, Limits to Arbitrage, Financial Crisis

3.

Data Snooping and Market-Timing Rule Performance

Number of pages: 52 Posted: 18 Feb 2009 Last Revised: 19 Jul 2013
Andreas Neuhierl and Bernd Schlusche
University of Notre Dame - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 936 (18,507)
Citation 4

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Market Timing, Data Snooping, Multiple Testing, Reality Check, SPA Test, Stepwise Method

Cross-Firm Information Flows and the Predictability of Stock Returns

Number of pages: 77 Posted: 11 May 2013 Last Revised: 21 Mar 2016
Anna Scherbina and Bernd Schlusche
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 1,013 (17,461)

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Information Leadership, Lead-Lag Effect, Corporate News Announcements, Limited Attention, Market Efficiency

5.

Price Formation in Spot and Futures Markets: Exchange Traded Funds vs. Index Futures

Number of pages: 35 Posted: 06 Oct 2009
Bernd Schlusche
Board of Governors of the Federal Reserve System
Downloads 498 (38,016)
Citation 4

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Index Futures, Exchange Traded Funds, Vector Error Correction Model, Common Factor Weights

Quantitative Easing and Bank Risk Taking: Evidence from Lending

Number of pages: 54 Posted: 02 Nov 2015 Last Revised: 11 Jan 2018
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 474 (50,029)

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QE, bank lending, reserve balances, monetary policy, Federal Reserve, risk-taking channel, LSAP, portfolio substitution effect

Quantitative Easing and Bank Risk Taking: Evidence from Lending

FEDS Working Paper No. 2017-125
Number of pages: 55 Posted: 03 Jan 2018
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 17 (494,846)

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Monetary policy, QE, bank lending, reserve balances

7.

Economic Linkages Inferred from News Stories and the Predictability of Stock Returns

Number of pages: 53 Posted: 05 Dec 2013 Last Revised: 30 Dec 2015
Anna Scherbina and Bernd Schlusche
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 294 (41,710)

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News Media, Soft Information, Linked Stocks, Information Leadership, Lead-Lag Effect, Complex Information, Limited Attention, Market Efficiency

The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment

Number of pages: 50 Posted: 22 Mar 2017 Last Revised: 20 Nov 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 185 (141,549)

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Bank Supervision, Risk Taking, S&L Crisis, Lending, Resolution Costs

The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment

FEDS Working Paper No. 2017-079
Number of pages: 51 Posted: 07 Sep 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 33 (409,131)

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S&L crisis, Bank supervision, Lending, Resolution costs, Risk taking

An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-Scale Asset Purchases

Number of pages: 53 Posted: 29 May 2014 Last Revised: 29 Apr 2015
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 103 (228,503)

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QE, LSAP, mortgage-backed securities, monetary policy, Federal Reserve, mortgage, prepayment rates

An Agency Problem in the MBS Market and the Solicited Refinancing Channel of Large-Scale Asset Purchases

FEDS Working Paper No. 2015-027, http://dx.doi.org/10.17016/FEDS.2015.027
Number of pages: 50 Posted: 09 May 2015
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 39 (384,775)

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Federal Reserve, LSAP, Monetary policy, QE, mortgage, mortgage-backed securities, prepayment rates

10.

Flow Effects of Large-Scale Asset Purchases

Number of pages: 14 Posted: 20 Jul 2013 Last Revised: 27 Mar 2017
John Kandrac and Bernd Schlusche
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 127 (158,495)

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LSAP, Quantitative Easing, Open Market Operations, Liquidity, Monetary Policy

11.

The Federal Reserve's Balance Sheet and Overnight Interest Rates

Number of pages: 42 Posted: 01 Jan 2013
Jaime Marquez, Ari Morse and Bernd Schlusche
Board of Governors of the Federal Reserve System - International Financial Transactions Section, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 48 (329,403)

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Reserve Balances, Federal Funds Rate, Balance Sheet, Large-Scale Asset Purchases, Interest Rate on Excess Reserves, Exit Strategy

Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience

FEDS Working Paper No. 2014-22
Number of pages: 43 Posted: 02 Apr 2014
Ruth Judson, Bernd Schlusche and Vivian Wong
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 28 (432,438)

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money demand, M2, zero lower bound, opportunity cost

Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience

FEDS Working Paper No. 2014-22
Number of pages: 43 Posted: 31 May 2017
Ruth Judson, Bernd Schlusche and Vivian Wong
Board of Governors of the Federal Reserve - Division of International Finance, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 0

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Money demand, M2, zero lower bound, opportunity cost

13.

Asset Bubbles: An Application to Residential Real Estate

European Financial Management, Vol. 18, Issue 3, pp. 464-491, 2012
Number of pages: 28 Posted: 19 May 2012
Anna Scherbina and Bernd Schlusche
University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 1 (566,355)
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bubbles, residential real estate, limits to arbitrage, financial crisis

14.

Performance Isn't Everything: Personal Characteristics and Career Outcomes of Mutual Fund Managers

Number of pages: 79 Posted: 07 Sep 2017 Last Revised: 11 Oct 2017
Brad M. Barber, Anna Scherbina and Bernd Schlusche
University of California, Davis, University of California, Davis - Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 0 (114,067)

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Women in Finance, Diversity, Career Advancement, Mutual Fund Industry, Mutual Fund Managers, Mutual Fund Manager Performance