Thomas M. Eisenbach

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

http://teisenbach.github.io/

  • Federal Reserve Bank of New York

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    • Tel: 212-720-6089
SCHOLARLY PAPERS

17

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SSRN CITATIONS
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120

CROSSREF CITATIONS

167

Scholarly Papers (17)

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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
Brown University and Federal Reserve Bank of New York
Downloads 1,047 (30,145)
Citation 56

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

2.

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 Southern California, Federal Reserve Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 715 (50,903)
Citation 17

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risk aversion, early resolution, term structure, volatility risk

3.

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 Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 702 (52,196)
Citation 14

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risk premia, insurance, term structure, dynamic inconsistency

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 Bank of New York and CEPRUniversity of Oxford - Finance
Downloads 554 (70,609)
Citation 3

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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 Southern California, Federal Reserve Bank of New York, CEPRUniversity of Oxford - Finance and University of Michigan at Ann Arbor
Downloads 362 (116,670)
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 Bank of New York
Downloads 321 (132,817)
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 283 (151,455)
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 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 193 (218,303)

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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 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 90 (390,791)
Citation 9

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bank supervision, large and complex financial companies

8.

Resource Allocation in Bank Supervision: Trade-offs and Outcomes

Downloads 266 (161,173)
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 Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT)
Downloads 237 (179,950)
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: 28 Feb 2022
Thomas M. Eisenbach, David O. Lucca and Robert M. Townsend
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT)
Downloads 29 (653,376)
Citation 3

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9.

Macroeconomics with Financial Frictions: A Survey

NBER Working Paper No. w18102
Number of pages: 96 Posted: 01 Jun 2012 Last Revised: 19 Jun 2022
Markus K. Brunnermeier, Thomas M. Eisenbach and Yuliy Sannikov
Princeton University - Department of Economics, Federal Reserve Bank of New York and Stanford GSB
Downloads 255 (168,142)
Citation 30

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10.

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 Bank of New York and Koc University
Downloads 220 (193,693)

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

11.

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: 27 Apr 2022
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 219 (194,576)
Citation 8

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cyber, banks, networks, payments

12.

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 Bank of New York, Rutgers, The State University of New Jersey - Department of Economics, Wharton Financial Institutions Center and Koc University
Downloads 218 (195,429)
Citation 2

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

13.

Bank-Intermediated Arbitrage

Downloads 215 (197,851)
Citation 20

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 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 214 (198,476)
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 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 (930,985)
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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 Bank of New York, Yale University - Department of Computer Science and University of California, Berkeley - Department of Electrical Engineering & Computer Sciences (EECS)
Downloads 132 (298,346)

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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 Bank of New York and Williams College
Downloads 95 (374,429)
Citation 3

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

16.

Fragility of Safe Asset Markets

FRB of New York Staff Report No. 1026, 2022
Number of pages: 50 Posted: 18 Jul 2022
Thomas M. Eisenbach and Gregory Phelan
Federal Reserve Bank of New York and Williams College
Downloads 34 (605,465)

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safe assets, liquidity shocks, global games, Treasury securities, COVID-19

17.

When It Rains, It Pours: Cyber Risk and Financial Conditions

FRB of New York Staff Report No. 1022, 2022
Number of pages: 22 Posted: 01 Jul 2022
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 26 (656,655)

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cyber, banks, networks, payments, COVID-19