Thomas M. Eisenbach

Federal Reserve Banks - Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

http://teisenbach.github.io/

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SCHOLARLY PAPERS

15

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5,168

SSRN CITATIONS
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Top 4,760

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121

CROSSREF CITATIONS

168

Scholarly Papers (15)

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1.

Fire-sale Spillovers and Systemic Risk

FRB of New York Staff Report No. 645
Number of pages: 116 Posted: 16 Oct 2013 Last Revised: 06 Dec 2019
Fernando Duarte and Thomas M. Eisenbach
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 1,011 (28,010)
Citation 56

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systemic risk, fire-sale externalities, leverage, linkage, concentration, bank holding company

2.

Anxiety in the Face of Risk

FRB of New York Staff Report No. 610
Number of pages: 35 Posted: 03 Apr 2013 Last Revised: 28 Oct 2015
Thomas M. Eisenbach, Martin C. Schmalz and Martin C. Schmalz
Federal Reserve Banks - Federal Reserve Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 698 (46,657)
Citation 14

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risk premia, insurance, term structure, dynamic inconsistency

3.

Horizon-Dependent Risk Aversion and the Timing and Pricing of Uncertainty

FRB of New York Staff Report No. 703
Number of pages: 100 Posted: 09 Dec 2014 Last Revised: 01 Sep 2019
Marianne Andries, Thomas M. Eisenbach, Martin C. Schmalz and Martin C. Schmalz
University of Toulouse 1 - Toulouse School of Economics (TSE), Federal Reserve Banks - Federal Reserve Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 638 (52,577)
Citation 17

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risk aversion, early resolution, term structure, volatility risk

4.

Anxiety and Pro-cyclical Risk Taking with Bayesian Agents

FRB of New York Staff Report No. 711
Number of pages: 37 Posted: 21 Feb 2015 Last Revised: 23 Jan 2019
Thomas M. Eisenbach, Martin C. Schmalz and Martin C. Schmalz
Federal Reserve Banks - Federal Reserve Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 520 (68,028)
Citation 2

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overconfidence, dynamic inconsistency, biases, deception, risk taking

5.

The Term Structure of the Price of Variance Risk

FRB of New York Staff Report No. 736
Number of pages: 34 Posted: 07 Aug 2015
Marianne Andries, Thomas M. Eisenbach, Martin C. Schmalz, Martin C. Schmalz and Yichuan Wang
University of Toulouse 1 - Toulouse School of Economics (TSE), Federal Reserve Banks - Federal Reserve Bank of New York, CEPRUniversity of Oxford - Finance and University of Michigan at Ann Arbor
Downloads 336 (113,350)
Citation 6

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volatility risk, option returns, straddle, term structure

6.

Rollover Risk as Market Discipline: A Two-Sided Inefficiency

FRB of New York Staff Report No. 597
Number of pages: 47 Posted: 05 Feb 2013 Last Revised: 28 Oct 2016
Thomas M. Eisenbach
Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 307 (124,921)
Citation 20

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global games, rollover risk, market discipline, fire sales

7.

Supervising Large, Complex Financial Institutions: What Do Supervisors Do?

Downloads 242 (159,264)
Citation 6

Supervising Large, Complex Financial Institutions: What Do Supervisors Do?

Economic Policy Review, Issue 23-1, pp. 57-77, 2017
Number of pages: 21 Posted: 02 Mar 2017 Last Revised: 16 Dec 2017
Thomas M. Eisenbach, Andrew Haughwout, Beverly Hirtle, Anna Kovner, David O. Lucca and Matthew C. Plosser
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 169 (221,443)

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bank supervision, large and complex financial companies

Supervising Large, Complex Financial Institutions: What Do Supervisors Do?

FRB of New York Staff Report No. 729
Number of pages: 40 Posted: 31 May 2015
Thomas M. Eisenbach, Andrew Haughwout, Beverly Hirtle, Anna Kovner, David O. Lucca and Matthew C. Plosser
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 73 (402,460)
Citation 9

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bank supervision, large and complex financial companies

8.

Macroeconomics with Financial Frictions: A Survey

NBER Working Paper No. w18102
Number of pages: 96 Posted: 01 Jun 2012 Last Revised: 19 Jun 2021
Markus K. Brunnermeier, Thomas M. Eisenbach and Yuliy Sannikov
Princeton University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of New York and Stanford GSB
Downloads 242 (159,264)
Citation 30

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9.

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission

FRB of NY Staff Report No. 724
Number of pages: 55 Posted: 07 Sep 2017 Last Revised: 08 Apr 2020
Dong Beom Choi, Thomas M. Eisenbach and Tanju Yorulmazer
Seoul National University - Business School, Federal Reserve Banks - Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 217 (176,877)

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monetary policy transmission, financial frictions, heterogeneous agents, financial intermediation

10.

Resource Allocation in Bank Supervision: Trade-offs and Outcomes

Downloads 212 (180,742)
Citation 15

Resource Allocation in Bank Supervision: Trade-offs and Outcomes

FRB of NY Staff Report No. 769
Number of pages: 74 Posted: 21 Mar 2016 Last Revised: 17 May 2021
Thomas M. Eisenbach, David O. Lucca and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT)
Downloads 189 (200,665)
Citation 6

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bank supervision, bank regulation, monitoring, time use

The Economics of Bank Supervision

NBER Working Paper No. w22201
Number of pages: 58 Posted: 02 May 2016 Last Revised: 30 Aug 2021
Thomas M. Eisenbach, David O. Lucca and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT)
Downloads 23 (639,751)
Citation 3

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11.

Stability of Funding Models: An Analytical Framework

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 19 Posted: 05 Mar 2014
Thomas M. Eisenbach, Todd Keister, James McAndrews and Tanju Yorulmazer
Federal Reserve Banks - Federal Reserve Bank of New York, Rutgers, The State University of New Jersey - Department of Economics, Wharton Financial Institutions Center and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 205 (186,441)
Citation 2

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financial crisis, bank run, market run, maturity, wholesale funding, liquidity

12.

Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis

FRB of New York Staff Report No. 909, January 2020, Rev. May 2021
Number of pages: 50 Posted: 23 Jan 2020 Last Revised: 24 May 2021
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 182 (207,517)
Citation 7

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cyber, banks, networks, payments

13.

Bank-Intermediated Arbitrage

Downloads 157 (235,440)
Citation 21

Bank-Intermediated Arbitrage

FRB of New York Staff Report No. 858
Number of pages: 75 Posted: 20 Jun 2018 Last Revised: 29 Jul 2020
Nina Boyarchenko, Thomas M. Eisenbach, Pooja Gupta, Or Shachar and Peter Van Tassel
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 156 (237,155)
Citation 22

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cost of capital, beta, bank regulation, Dodd-Frank act, banks

Bank-Intermediated Arbitrage

CEPR Discussion Paper No. DP15097
Number of pages: 77 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Nina Boyarchenko, Thomas M. Eisenbach, Pooja Gupta, Or Shachar and Peter Van Tassel
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 1 (828,869)
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14.

Pricing Under the Threat of Piracy: Flexibility and Platforms for Digital Goods

Cowles Foundation Discussion Paper No. 1834
Number of pages: 23 Posted: 09 Nov 2011
Dirk Bergemann, Thomas M. Eisenbach, Joan Feigenbaum and Scott Shenker
Yale University - Cowles Foundation - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of New York, Yale University - Department of Computer Science and University of California, Berkeley - Department of Electrical Engineering & Computer Sciences (EECS)
Downloads 127 (278,259)

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Digital goods, Digital rights management, Platform, Flexibility, Piracy

15.

Cournot Fire Sales

FRB of New York Staff Report No. 837
Number of pages: 54 Posted: 27 Feb 2018 Last Revised: 24 Nov 2020
Thomas M. Eisenbach and Gregory Phelan
Federal Reserve Banks - Federal Reserve Bank of New York and Williams College
Downloads 74 (394,903)
Citation 3

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fire sales, pecuniary externalities, overinvestment, liquidity, financial regulation, macroprudential regulation