Donald P. Morgan

Federal Reserve Bank of New York

Economist

33 Liberty Street

Research Department

New York, NY 10045

United States

  • Federal Reserve Bank of New York

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    • Tel: 212-720-6573
SCHOLARLY PAPERS

37

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Rank 8,219

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Top 8,219

in Total Papers Downloads

11,175

TOTAL CITATIONS
Rank 1,810

SSRN RANKINGS

Top 1,810

in Total Papers Citations

691

Scholarly Papers (37)

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1.

Trends in Financial Market Concentration and their Implications for Market Stability

Economic Policy Review, Vol. 13, No. 1, March 2007
Number of pages: 19 Posted: 26 Mar 2007
Nicola Cetorelli, Beverly Hirtle, Donald P. Morgan, Stavros Peristiani and João A. C. Santos
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York--Retired and Federal Reserve Bank of New York
Downloads 1,171 (37,357)
Citation 5

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Financial stability, financial crises, market concentration, competition, substitutability

2.

Bank Commitment Relationships, Cash Flow Constraints, and Liquidity Management

Downloads 1,007 (46,486)
Citation 1

Bank Commitment Relationships, Cash Flow Constraints, and Liquidity Management

FRBNY Staff Reports No. 108
Number of pages: 26 Posted: 07 Nov 2000
Donald P. Morgan
Federal Reserve Bank of New York
Downloads 771 (65,873)
Citation 1

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Bank commitment relationships, cash flow constraints, liquidity management

Bank Commitment Relationships, Cash Flow Constraints, and Liquidity Management

Federal Reserve Bank of New York Research Paper Series - Staff Report, No. 108
Number of pages: 26 Posted: 29 Sep 2006
Donald P. Morgan
Federal Reserve Bank of New York
Downloads 236 (261,247)

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loan commitments, bank relationship, cash flow restraint, cash management

3.

Too Big to Fail after All These Years

FRB NY Staff Report No. 220
Number of pages: 30 Posted: 04 Oct 2005
Donald P. Morgan and Kevin J. Stiroh
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 897 (54,556)
Citation 50

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market discipline, too big to fail

4.

Listening to Loan Officers: The Impact of Commercial Credit Standards on Lending and Output

Economic Policy Review, Vol. 6, No. 2, July 2000
Number of pages: 16 Posted: 07 Mar 2006
Cara S. Lown, Donald P. Morgan and Sonali Rohatgi
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 834 (60,290)
Citation 5

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bank credit, standards, availability, crunch, channel

5.

The Information Value of the Stress Test and Bank Opacity

FRB of New York Staff Report No. 460
Number of pages: 37 Posted: 29 Jul 2010
Stavros Peristiani, Donald P. Morgan and Vanessa Savino
Federal Reserve Bank of New York--Retired, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 783 (65,588)
Citation 81

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Supervisory Capital Assessment Program, Capital Gap, Event Study

6.

Rating Banks: Risk and Uncertainty in an Opaque Industry

FRB of New York Staff Report No. 105
Number of pages: 37 Posted: 07 Nov 2006
Donald P. Morgan
Federal Reserve Bank of New York
Downloads 779 (66,025)
Citation 302

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7.

Payday Holiday: How Households Fare After Payday Credit Bans

FRB of New York Staff Report No. 309
Number of pages: 49 Posted: 26 Nov 2007 Last Revised: 13 Jul 2011
Donald P. Morgan and Michael R. Strain
Federal Reserve Bank of New York and American Enterprise Institute
Downloads 595 (93,313)
Citation 52

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payday credit, consumer welfare, bounced-check protection, informal bankruptcy

8.

How Bad Are Weather Disasters for Banks?

Downloads 495 (117,181)
Citation 16

How Bad Are Weather Disasters for Banks?

FRB of New York Staff Report No. 990, 2021, Rev. Jan. 2022
Number of pages: 36 Posted: 16 Nov 2021 Last Revised: 19 Jul 2022
Kristian Blickle, Sarah Ngo Hamerling and Donald P. Morgan
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 447 (130,907)
Citation 16

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hurricanes, wildfires, floods, climate change, weather disasters, FEMA, banks, financial stability, local knowledge

How Bad are Weather Disasters for Banks?

Number of pages: 38 Posted: 12 Feb 2023
Kristian Blickle, Donald P. Morgan and Sarah Hamerling
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and affiliation not provided to SSRN
Downloads 48 (810,305)

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Climate Change, Weather Disasters, Financial stability, Local Knowledge, Bank Profitability

9.

Bad Debt Rising

Current Issues in Economics and Finance, Vol. 3, No. 4, March 1997
Number of pages: 6 Posted: 11 Jul 2007
Donald P. Morgan and Ian Toll
Federal Reserve Bank of New York and affiliation not provided to SSRN
Downloads 490 (118,607)
Citation 4

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credit cards, charge-offs, risk, life-style demand

10.

Bond Market Discipline of Banks: Is the Market Tough Enough?

FRB of New York Staff Report No. 95
Number of pages: 29 Posted: 11 Feb 2000
Donald P. Morgan and Kevin J. Stiroh
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 412 (145,714)
Citation 39

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11.

Judging the Risk of Banks: Why Can't Bond Raters Agree?

Federal Reserve Bank Staff Study
Number of pages: 32 Posted: 24 Apr 1999
Donald P. Morgan
Federal Reserve Bank of New York
Downloads 394 (153,292)
Citation 4

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12.

Seismic Effects of the Bankruptcy Reform

FRB of New York Staff Report No. 358
Number of pages: 30 Posted: 02 Dec 2008 Last Revised: 18 Sep 2012
Donald P. Morgan, Benjamin Charles Iverson and Matthew J. Botsch
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 326 (188,653)
Citation 9

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bankruptcy, subprime foreclosures, subprime mortgages, unsecured debt, credit card debt, home equity exemptions

13.

Climate-Related Financial Stability Risks for the United States: Methods and Applications

Downloads 308 (200,431)
Citation 1

Climate-Related Financial Stability Risks for the United States: Methods and Applications

FEDS Working Paper No. 2022-43
Number of pages: 47 Posted: 12 Jul 2022
Celso Brunetti, John Caramichael, Matteo Crosignani, Benjamin Dennis, Gurubala Kotta, Donald P. Morgan, Chaehee Shin and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of New York, Independent, University of California, Davis, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 263 (234,488)

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Climate change, Financial stability and risk

Climate-Related Financial Stability Risks for the United States: Methods and Applications

Economic Policy Review , Vol. 30, No. 1, 1-37, https://doi.org/10.59576/epr.30.1.1-37
Number of pages: 39 Posted: 04 Oct 2024
Celso Brunetti, Matteo Crosignani, Benjamin Dennis, Gurubala Kotta, Donald P. Morgan, Chaehee Shin and Ilknur Zer
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, University of California, Davis, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 45 (833,122)
Citation 1

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climate risk, climate change, financial stability, financial risk

14.

The Bankruptcy Abuse Prevention and Consumer Protection Act: Means-Testing or Mean Spirited?

FRB of New York Staff Report No. 279
Number of pages: 28 Posted: 13 Mar 2007
Adam B. Ashcraft, Astrid Andrea Dick and Donald P. Morgan
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 243 (255,377)
Citation 9

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bankruptcy, consumption smoothing, insurance, moral hazard

15.

Credit Effects in the Monetary Mechanism

Economic Policy Review, Vol. 8, No. 1, May 2002
Number of pages: 19 Posted: 26 Oct 2005
Cara S. Lown and Donald P. Morgan
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 243 (255,377)
Citation 1

Abstract:

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credit channel, monetary transmission

16.

Who Pays the Price? Overdraft Fee Ceilings and the Unbanked

FRB of New York Staff Report No. 973, Rev. July 2023
Number of pages: 47 Posted: 02 Jul 2021 Last Revised: 14 Jul 2023
Jennifer Dlugosz, Brian Melzer and Donald P. Morgan
Board of Governors of the Federal Reserve System, Dartmouth College - Tuck School of Business and Federal Reserve Bank of New York
Downloads 235 (263,776)
Citation 3

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overdraft, financial inclusion, unbanked, consumer credit, usury limit

17.

Bank Integration and Business Volatility in the U.S.

FRB of New York Staff Report No. 129, EFA 2001 Barcelona Meetings
Number of pages: 30 Posted: 14 Jul 2001
Donald P. Morgan, Philip E. Strahan and Bertrand Rime
Federal Reserve Bank of New York, Boston College - Department of Finance and Swiss National Bank - Banking Studies Section
Downloads 223 (277,403)
Citation 3

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18.

Bank Integration and State Business Cycles

Downloads 210 (293,570)
Citation 54

Bank Integration and State Business Cycles

Number of pages: 41 Posted: 19 Apr 2003
Donald P. Morgan, Philip E. Strahan and Bertrand Rime
Federal Reserve Bank of New York, Boston College - Department of Finance and Swiss National Bank - Banking Studies Section
Downloads 137 (426,069)

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Bank Integration and State Business Cycles

NBER Working Paper No. w9704
Number of pages: 43 Posted: 18 May 2003 Last Revised: 09 Jul 2022
Donald P. Morgan, Philip E. Strahan and Bertrand Rime
Federal Reserve Bank of New York, Boston College - Department of Finance and Swiss National Bank - Banking Studies Section
Downloads 73 (659,689)
Citation 54

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19.

Competition and Adverse Selection in the Small-Dollar Loan Market: Overdraft versus Payday Credit

FRB of New York Staff Report No. 391
Number of pages: 33 Posted: 14 Sep 2009 Last Revised: 22 Aug 2010
Brian Melzer and Donald P. Morgan
Dartmouth College - Tuck School of Business and Federal Reserve Bank of New York
Downloads 186 (328,347)
Citation 18

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payday credit, overdraft credit, competition, adverse selection

20.

Subprime Foreclosures and the 2005 Bankruptcy Reform

Downloads 181 (336,652)
Citation 14

Subprime Foreclosures and the 2005 Bankruptcy Reform

Economic Policy Review, March 2012
Number of pages: 11 Posted: 18 Feb 2011 Last Revised: 01 May 2013
Donald P. Morgan, Benjamin Charles Iverson and Matthew J. Botsch
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 103 (531,734)

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Bankruptcy, Subprime Foreclosures, Home Equity Exemptions, Cram-Down

Subprime Foreclosures and the 2005 Bankruptcy Reform

Economic Policy Review, Vol. 18, No. 1, March 2012
Number of pages: 11 Posted: 13 Sep 2013
Donald P. Morgan, Benjamin Charles Iverson and Matthew J. Botsch
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 78 (635,650)
Citation 14

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bankruptcy, subprime foreclosures, home equity exemptions, cram-down

21.

What Makes Large Bank Failures So Messy and What to Do About It?

Economic Policy Review, 20(2), 229-244, 2014.
Number of pages: 41 Posted: 10 Apr 2014 Last Revised: 20 Sep 2023
James McAndrews, Donald P. Morgan, João A. C. Santos and Tanju Yorulmazer
Wharton Financial Institutions Center, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Koc University
Downloads 139 (420,214)
Citation 1

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22.

The Main Street Lending Program

Downloads 136 (427,494)

The Main Street Lending Program

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 93068
Number of pages: 43 Posted: 29 Sep 2021
David M. Arseneau, Jose L. Fillat, Molly Mahar, Donald P. Morgan and Skander Van den Heuvel
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 76 (644,966)

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Main Street Lending Program, COVID-19, emergency lending facilities, credit demand, bank loans, bank capital, small business

The Main Street Lending Program

Economic Policy Review, Vol. 28, No. 1, p. 58-92, 2022
Number of pages: 36 Posted: 07 Jul 2022
David M. Arseneau, Jose L. Fillat, Molly Mahar, Donald P. Morgan and Skander Van den Heuvel
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 60 (730,725)

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Main Street Lending Program, COVID-19, emergency lending facilities, credit demand, bank loans, bank capital, small businesses, Federal Reserve lending programs

23.

Meet the New Borrowers

Current Issues in Economics and Finance, Vol. 5, No. 3, February 1999
Number of pages: 6 Posted: 27 Jun 2007
Sandra E. Black and Donald P. Morgan
Columbia University and Federal Reserve Bank of New York
Downloads 131 (440,241)

Abstract:

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credit cards, borrowers, debt

24.

Local or State? Evidence on Bank Market Size Using Branch Prices

Economic Policy Review, Vol. 12, No. 1, May 2006
Number of pages: 11 Posted: 21 Jul 2006
Donald P. Morgan and Paul Edelstein
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 121 (468,236)

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local banking markets, state banking markets

25.

Bank Leverage Limits and Regulatory Arbitrage: Old Question, New Evidence

FRB of New York Staff Report No. 856
Number of pages: 43 Posted: 20 Jun 2018 Last Revised: 28 Dec 2019
Dong Beom Choi, Michael R. Holcomb and Donald P. Morgan
Seoul National University - Business School, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 99 (541,944)
Citation 3

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Basel III regulation, bank risk, leverage limit, regulatory arbitrage, reaching for yield

26.

The Benefits of Intrastate and Interstate Geographic Diversification in Banking

Number of pages: 40 Posted: 23 Feb 2014
Céline Meslier, Donald P. Morgan, Katherine Samolyk and Amine Tarazi
Universite de Limoges, LAPE, Federal Reserve Bank of New York, Consumer Financial Protection Bureau and University of Limoges - Laboratoire d'Analyse et de Prospectives Économiques (LAPE)
Downloads 90 (575,858)
Citation 8

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Bank Holding Company; Geographic Diversification; Intrastate and interstate disparities in economic activity; Bank risk and return

27.

Piggy Banks: Financial Intermediaries as a Commitment to Save

FRB of New York Staff Report No. 50
Number of pages: 24 Posted: 28 Jan 1999
Donald P. Morgan
Federal Reserve Bank of New York
Downloads 84 (600,395)
Citation 1

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28.

Conference Overview and Summary of Papers

Economic Policy Review, Vol. 10, No. 2, September 2004
Number of pages: 4 Posted: 23 Aug 2005
Donald P. Morgan and Frederic S. Mishkin
Federal Reserve Bank of New York and Columbia University - Columbia Business School, Finance
Downloads 83 (604,695)

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Basel II, banking regulation, market discipline, disclosure

29.

Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries

NBER Working Paper No. w9710
Number of pages: 40 Posted: 16 May 2003 Last Revised: 15 Jul 2022
Donald P. Morgan and Philip E. Strahan
Federal Reserve Bank of New York and Boston College - Department of Finance
Downloads 69 (668,585)
Citation 1

Abstract:

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30.

Nonconforming Preferences: Jumbo Mortgage Lending and Large Bank Stress Tests

FRB of New York Staff Report No. 1029
Number of pages: 56 Posted: 07 Sep 2022
Andrew Haughwout, Donald P. Morgan, Michael Neubauer, Maxim Pinkovskiy and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Independent, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 67 (678,653)

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CCAR, mortgage lending, bunching

31.

Introduction

Economic Policy Review, Vol. 8, No. 2, November 2002
Number of pages: 4 Posted: 13 Sep 2005
Erica L. Groshen, Linda S. Goldberg, Hamid Mehran, Donald P. Morgan and Carol L. Osler
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Independent, Federal Reserve Bank of New York and Brandeis University - International Business School
Downloads 64 (694,428)

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September 11, terrorism, New York City, financial markets, Federal Reserve Bank of New York

32.

COVID Response: The Main Street Lending Program

FRB of New York Staff Report No. 984
Number of pages: 44 Posted: 29 Sep 2021
David M. Arseneau, Jose L. Fillat, Molly Mahar, Donald P. Morgan and Skander Van den Heuvel
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 41 (842,921)
Citation 6

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Main Street Lending Program, COVID-19, credit demand, bank loans, bank capital, small businesses, Federal Reserve lending programs

33.

Banks versus Hurricanes: A Case Study of Puerto Rico after Hurricanes Irma and Maria

FRB of New York Staff Report No. 1078, https://doi.org/10.59576/sr.1078
Number of pages: 30 Posted: 20 Nov 2023
Peter Anagnostakos, Jason Bram, Benjamin Chan, Natalia Fischl-Lanzoni, Hasan Latif, James M. Mahoney, Donald P. Morgan, Ladd Morgan and Ivelisse Suarez
Federal Reserve Banks - Federal Reserve Bank of New York, Independent, Federal Reserve Banks - 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, 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 39 (858,915)

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climate change, physical risks, hurricanes, banks, Puerto Rico

34.

Learning by Bouncing: Overdraft Experience and Salience

Liberty Street Economics
Posted: 01 Apr 2024
Donald P. Morgan and Wilbert van der Klaauw
Federal Reserve Bank of New York and Federal Reserve Bank of New York

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overdraft, bounced checks, salience, regulation

35.

Banks versus Hurricanes

Liberty Street Economics
Posted: 20 Nov 2023
Peter Anagnostakos, Jason Bram, Benjamin Chan, Natalia Fischl-Lanzoni, Hasan Latif, James M. Mahoney, Donald P. Morgan, Ladd Morgan and Ivelisse Suarez
Federal Reserve Banks - Federal Reserve Bank of New York, Independent, Federal Reserve Banks - 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, 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

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banks, climate, hurricanes, Hurricane Maria, Puerto Rico

36.

Using Loan Rates to Measure and Regulate Bank Risk: Findings Immodest Proposal

Posted: 17 Feb 2004
Donald P. Morgan and Adam B. Ashcraft
Federal Reserve Bank of New York and Federal Reserve Bank of New York

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Deposit insurance reform, credit risk pricing, risk-based capital regulation

37.

Capital Market Frictions and Deposit Constraints on Banks

FRB New York Research Paper No. 9731
Posted: 08 Jan 1999
Donald P. Morgan
Federal Reserve Bank of New York

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