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/

SCHOLARLY PAPERS

15

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4,488

SSRN CITATIONS
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Top 5,257

in Total Papers Citations

79

CROSSREF CITATIONS

150

Scholarly Papers (15)

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 874 (29,149)
Citation 56

Abstract:

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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 and Martin C. Schmalz
Federal Reserve Banks - Federal Reserve Bank of New York and University of Oxford - Finance
Downloads 682 (40,998)
Citation 8

Abstract:

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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 and Martin C. Schmalz
University of Toulouse 1 - Toulouse School of Economics (TSE), Federal Reserve Banks - Federal Reserve Bank of New York and University of Oxford - Finance
Downloads 572 (51,680)
Citation 16

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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 and Martin C. Schmalz
Federal Reserve Banks - Federal Reserve Bank of New York and University of Oxford - Finance
Downloads 486 (63,413)
Citation 3

Abstract:

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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 and Yichuan Wang
University of Toulouse 1 - Toulouse School of Economics (TSE), Federal Reserve Banks - Federal Reserve Bank of New York, University of Oxford - Finance and University of Michigan at Ann Arbor
Downloads 309 (107,358)
Citation 7

Abstract:

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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 280 (119,335)
Citation 15

Abstract:

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global games, rollover risk, market discipline, fire sales

7.

Macroeconomics with Financial Frictions: A Survey

NBER Working Paper No. w18102
Number of pages: 96 Posted: 01 Jun 2012
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 227 (147,608)
Citation 19

Abstract:

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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
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 134 (234,714)

Abstract:

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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
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 (354,209)
Citation 5

Abstract:

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bank supervision, large and complex financial companies

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 204 (163,201)

Abstract:

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

10.

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 180 (182,842)

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

11.
Downloads 166 (196,203)
Citation 13

The Economics of Bank Supervision

FRB of NY Staff Report No. 769
Number of pages: 70 Posted: 21 Mar 2016 Last Revised: 29 Jun 2020
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 149 (215,273)
Citation 5

Abstract:

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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
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 17 (608,294)
Citation 2

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12.

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 124 (248,214)

Abstract:

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

13.
Downloads 80 (332,497)
Citation 17

Bank-Intermediated Arbitrage

FRB of New York Staff Report No. 858
Number of pages: 75 Posted: 20 Jun 2018 Last Revised: 29 Jul 2020
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 80 (335,700)
Citation 17

Abstract:

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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
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
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14.

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

FRB of New York Staff Report No. 909, January 2020
Number of pages: 42 Posted: 23 Jan 2020 Last Revised: 26 Jun 2020
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 49 (426,086)
Citation 2

Abstract:

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cyber, banks, networks, payments

15.

Cournot Fire Sales in Real and Financial Markets

FRB of New York Staff Report No. 837
Number of pages: 43 Posted: 27 Feb 2018 Last Revised: 23 Jul 2020
Thomas M. Eisenbach and Gregory Phelan
Federal Reserve Banks - Federal Reserve Bank of New York and Williams College
Downloads 48 (429,741)
Citation 1

Abstract:

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