Thomas M. Eisenbach

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

http://teisenbach.github.io/

SCHOLARLY PAPERS

17

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5,664

SSRN CITATIONS
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Top 4,673

in Total Papers Citations

120

CROSSREF CITATIONS

167

Scholarly Papers (17)

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

Abstract:

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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
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
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

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 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
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

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.
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
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
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)

Abstract:

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cyber, banks, networks, payments, COVID-19