Donald P. Morgan

Federal Reserve Bank of New York

Economist

33 Liberty Street

Research Department

New York, NY 10045

United States

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 8,175

SSRN RANKINGS

Top 8,175

in Total Papers Downloads

10,132

SSRN CITATIONS
Rank 1,688

SSRN RANKINGS

Top 1,688

in Total Papers Citations

511

CROSSREF CITATIONS

449

Scholarly Papers (36)

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 761 (59,502)
Citation 1

Abstract:

Loading...

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 230 (237,498)

Abstract:

Loading...

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

2.

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
Federal Reserve Bank of New York, Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Bank of New York--Retired and Federal Reserve Bank of New York
Downloads 938 (45,312)
Citation 4

Abstract:

Loading...

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

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 880 (49,570)
Citation 50

Abstract:

Loading...

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 782 (58,190)
Citation 5

Abstract:

Loading...

bank credit, standards, availability, crunch, channel

5.

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 767 (59,763)
Citation 292

Abstract:

Loading...

6.

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 753 (61,239)
Citation 78

Abstract:

Loading...

Supervisory Capital Assessment Program, Capital Gap, Event Study

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 576 (86,165)
Citation 51

Abstract:

Loading...

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

8.

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 484 (106,873)
Citation 4

Abstract:

Loading...

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

9.
Downloads 409 (130,248)
Citation 15

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 374 (142,854)
Citation 14

Abstract:

Loading...

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 35 (816,594)

Abstract:

Loading...

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

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 396 (135,067)
Citation 38

Abstract:

Loading...

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 356 (152,112)
Citation 4

Abstract:

Loading...

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
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 291 (188,591)
Citation 9

Abstract:

Loading...

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

13.

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 233 (235,557)
Citation 9

Abstract:

Loading...

bankruptcy, consumption smoothing, insurance, moral hazard

14.

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 206 (264,412)
Citation 1

Abstract:

Loading...

credit channel, monetary transmission

15.
Downloads 202 (269,181)
Citation 158

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 132 (386,722)

Abstract:

Loading...

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 70 (596,336)
Citation 50

Abstract:

Loading...

16.

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 186 (290,015)
Citation 3

Abstract:

Loading...

17.

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 183 (294,221)
Citation 3

Abstract:

Loading...

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

18.

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 172 (310,604)
Citation 18

Abstract:

Loading...

payday credit, overdraft credit, competition, adverse selection

19.
Downloads 170 (313,728)
Citation 11

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
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 100 (477,068)

Abstract:

Loading...

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
Federal Reserve Bank of New York, Brigham Young University and Bowdoin College
Downloads 70 (596,336)
Citation 14

Abstract:

Loading...

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

20.

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
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, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 153 (343,210)

Abstract:

Loading...

Climate change, Financial stability and risk

21.

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 126 (400,022)

Abstract:

Loading...

credit cards, borrowers, debt

22.

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
Wharton Financial Institutions Center, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Koc University
Downloads 125 (402,438)
Citation 1

Abstract:

Loading...

23.

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 117 (422,774)

Abstract:

Loading...

local banking markets, state banking markets

24.
Downloads 97 (483,522)

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
Board of Governors of the Federal Reserve System, Federal Reserve Banks - 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 67 (611,043)

Abstract:

Loading...

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
Board of Governors of the Federal Reserve System, Federal Reserve Banks - 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 30 (859,154)

Abstract:

Loading...

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

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 92 (500,372)
Citation 3

Abstract:

Loading...

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
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 81 (541,195)
Citation 8

Abstract:

Loading...

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

27.

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 80 (545,269)

Abstract:

Loading...

Basel II, banking regulation, market discipline, disclosure

28.

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 72 (578,798)
Citation 1

Abstract:

Loading...

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 62 (625,891)
Citation 1

Abstract:

Loading...

30.

Introduction

Economic Policy Review, Vol. 8, No. 2, November 2002
Number of pages: 4 Posted: 13 Sep 2005
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 59 (641,463)

Abstract:

Loading...

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

31.

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
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 47 (710,897)

Abstract:

Loading...

CCAR, mortgage lending, bunching

32.

COVID Response: The Main Street Lending Program

FRB of New York Staff Report No. 984
Number of pages: 44 Posted: 29 Sep 2021
Board of Governors of the Federal Reserve System, Federal Reserve Banks - 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 30 (834,557)
Citation 5

Abstract:

Loading...

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
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 16 (964,519)

Abstract:

Loading...

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

34.

Banks versus Hurricanes

Liberty Street Economics
Posted: 20 Nov 2023
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

Abstract:

Loading...

banks, climate, hurricanes, Hurricane Maria, Puerto Rico

35.

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

Abstract:

Loading...

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

36.

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

Abstract:

Loading...