Ilknur Zer

Board of Governors of the Federal Reserve System

Senior Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

22

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8,750

TOTAL CITATIONS
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Top 9,116

in Total Papers Citations

104

Scholarly Papers (22)

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1.

Learning from History: Volatility and Financial Crises

FEDS Working Paper No. 2016-93, FEDS Working Paper No. 2016-093
Number of pages: 47 Posted: 21 Nov 2016 Last Revised: 03 Mar 2018
Jon Danielsson, Marcela Valenzuela and Ilknur Zer
London School of Economics - Systemic Risk Centre, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 2,352 (13,046)
Citation 15

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Stock market volatility, Financial crises predictability, Volatility paradox, Minsky hypothesis, Financial instability, Risk-taking

2.

Model Risk of Risk Models

Journal of Financial Stability, Forthcoming, FEDS Working Paper No. 2014-34
Number of pages: 33 Posted: 18 Apr 2014 Last Revised: 01 Jun 2017
Jon Danielsson, Kevin R. James, Marcela Valenzuela and Ilknur Zer
London School of Economics - Systemic Risk Centre, London School of Economics & Political Science (LSE) - Systemic Risk Centre, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 1,515 (26,032)
Citation 23

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Value-at-Risk, systemic risk, CoVaR, MES, financial stability, Basel III

3.

What is Certain About Uncertainty?

Downloads 1,451 (27,731)
Citation 42

What is Certain About Uncertainty?

Journal of Economic Literature, Forthcoming
Number of pages: 45 Posted: 02 Aug 2021
Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, John H. Rogers, Bo Sun, Deepa Datta, Thiago R.T. Ferreira, Olesya V. Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Fudan University - Fanhai International School of Finance (FISF), University of Virginia Darden School of Business, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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Citation 17

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global risk, uncertainty, volatility, crises, economic policy, monetary policy, downside risk, transmission.

What is Certain About Uncertainty?

International Finance Discussion Paper No. 1294
Number of pages: 45 Posted: 07 Aug 2020 Last Revised: 08 Mar 2022
Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, Bo Sun, John H. Rogers, Deepa Datta, Thiago R.T. Ferreira, Olesya V. Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, University of Virginia Darden School of Business, Fudan University - Fanhai International School of Finance (FISF), Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 647 (83,698)
Citation 25

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global risks, Uncertainty, Volatility, Crises, Economic policy, Monetary policy, Geopolitical risk, Trade policy, Downside risk

4.

Effects of Information Overload on Financial Markets: How Much Is Too Much?

Downloads 617 (90,398)
Citation 6

Effects of Information Overload on Financial Markets: How Much Is Too Much?

Number of pages: 45 Posted: 23 Aug 2021 Last Revised: 04 Jun 2023
Alejandro Bernales, Marcela Valenzuela and Ilknur Zer
Universidad de Chile, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 548 (103,716)
Citation 6

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Sentiment, dispersion, limited attention, predicting returns

Effects of Information Overload on Financial Markets: How Much is Too Much?

International Finance Discussion Paper No. 1372
Number of pages: 41 Posted: 05 May 2023
Alejandro Bernales, Marcela Valenzuela and Ilknur Zer
Universidad de Chile, Pontificia Universidad Catolica de Chile and Board of Governors of the Federal Reserve System
Downloads 69 (689,073)

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Limited attention, Dispersion, Sentiment, Predicting returns, Behavioral biases

5.

Can We Prove a Bank Guilty of Creating Systemic Risk? A Minority Report

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 27 Posted: 19 Nov 2015 Last Revised: 16 Feb 2016
Jon Danielsson, Kevin R. James, Marcela Valenzuela and Ilknur Zer
London School of Economics - Systemic Risk Centre, London School of Economics & Political Science (LSE) - Systemic Risk Centre, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 369 (167,032)
Citation 10

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Systemic risk, macroprudential policy, financial stability, risk management

6.

Information Disclosures, Default Risk, and Bank Value

Downloads 362 (170,616)
Citation 1

Information Disclosures, Default Risk, and Bank Value

Number of pages: 44 Posted: 04 Oct 2013 Last Revised: 11 Sep 2015
Ilknur Zer
Board of Governors of the Federal Reserve System
Downloads 224 (278,519)
Citation 1

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Disclosure, probability of default, risk management, asymmetric information, corporate governance

Information Disclosures, Default Risk, and Bank Value

FEDS Working Paper No. 2015-104
Number of pages: 45 Posted: 18 Nov 2015
Ilknur Zer
Board of Governors of the Federal Reserve System
Downloads 138 (429,478)

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Disclosure, default probability, firm value, risk management, asymmetric information, corporate governance

7.

Learning from news, information flow, and financial markets

FEB-RN Research Paper No. 04/2024
Number of pages: 38 Posted: 21 Jun 2024
Alejandro Bernales, Marcela Valenzuela and Ilknur Zer
Universidad de Chile, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 342 (182,087)

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Information overload, media content, sentiment, limited attention, predicting returns, behavioral biases. JEL classification: G40, G41, G12, G14

8.

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

Downloads 341 (183,243)
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 283 (221,954)

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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 58 (753,152)
Citation 1

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climate risk, climate change, financial stability, financial risk

9.

The Impact of Risk Cycles on Business Cycles: A Historical View

International Finance Discussion Paper No. 1358 , Review of Financial Studies, Forthcoming
Number of pages: 51 Posted: 27 Sep 2022
Jon Danielsson, Marcela Valenzuela and Ilknur Zer
London School of Economics - Systemic Risk Centre, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 327 (190,490)

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Stock market volatility, Uncertainty, Monetary policy independence, Financial instability, Risk-taking, Global financial cycles

10.

Banks’ Disclosure and Financial Stability

Bank of England Quarterly Bulletin 2013 Q4
Number of pages: 10 Posted: 16 Jan 2014
Rhiannon Sowerbutts, Peter Zimmerman and Ilknur Zer
Bank of England, Federal Reserve Bank of Cleveland and Board of Governors of the Federal Reserve System
Downloads 283 (221,884)
Citation 2

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11.

Measuring the Liquidity Profile of Mutual Funds

Downloads 236 (266,112)
Citation 2

Measuring the Liquidity Profile of Mutual Funds

International Journal of Central Banking, Forthcoming
Number of pages: 41 Posted: 21 Mar 2018 Last Revised: 16 Jul 2019
Sirio Aramonte, Chiara Scotti and Ilknur Zer
Federal Reserve Board of Governors, Bank of Italy and Board of Governors of the Federal Reserve System
Downloads 129 (453,596)

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liquidity transformation, asset management, mutual funds, market liquidity

Measuring the Liquidity Profile of Mutual Funds

FEDS Working Paper No. 2019-55
Number of pages: 42 Posted: 22 Oct 2019
Sirio Aramonte, Chiara Scotti and Ilknur Zer
Federal Reserve Board of Governors, Bank of Italy and Board of Governors of the Federal Reserve System
Downloads 107 (524,422)
Citation 2

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12.

The Geoeconomics of International Political Relations and Sovereign Defaults *

Number of pages: 48 Posted: 14 Apr 2023 Last Revised: 20 Aug 2024
Consuelo Silva Buston, Marcela Valenzuela and Ilknur Zer
Pontificia Universidad Católica de Chile - School of Business, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 132 (443,821)

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Geopolitical risk, crisis predictability, capital flows, international politics, gravity model JEL classification: F34, F50, F60, H63, N20

13.

Relative Liquidity and Future Volatility

Journal of Financial Markets, Forthcoming, FEDS Working Paper 2014-45
Number of pages: 37 Posted: 29 Jun 2014 Last Revised: 28 Feb 2015
Marcela Valenzuela, Ilknur Zer, Piotr Fryzlewicz and Thorsten Rheinlander
Pontificia Universidad Católica de Chile, Board of Governors of the Federal Reserve System, London School of Economics & Political Science (LSE) - Department of Statistics and Vienna University of Technology
Downloads 131 (446,514)
Citation 1

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order-driven markets, limit order book distribution, volatility predictability, liquidity

14.

Geographic Diffusion of COVID-19 Economic Shocks: An Examination of Bank Transmission Effects

Number of pages: 29 Posted: 01 Sep 2021
Gazi Kara, Nathan Swem, Steven Urry and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, University of Texas at Austin and Board of Governors of the Federal Reserve System
Downloads 101 (542,210)

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COVID-19, contagion, transmission of shocks, credit supply, multimarket banks, bank stability

15.

The Role of U.S. Monetary Policy in Global Banking Crises

FEDS Working Paper No. 2019-39
Number of pages: 34 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Ceyhun Bora Durdu, Alex Martin and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 101 (542,210)
Citation 1

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banking crises, financial stability, monetary policy shocks, sudden stops

16.

Competition, Signaling and Non-Walking Through the Book: Effects on Order Choice

Journal of Banking and Finance, Forthcoming
Number of pages: 40 Posted: 02 Aug 2012 Last Revised: 04 May 2013
Marcela Valenzuela and Ilknur Zer
Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System
Downloads 90 (583,920)

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Limit Order Book, Order Aggressiveness, Order-Driven Markets, Walking through the Book, Competition, Signaling

17.

The Third SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Monetary Policy and Banking Regulation Under Elevated Uncertainty

FEDS Notes No. 2023-12-15-4
Posted: 16 Jan 2024
Mohammad R. Jahan-Parvar, Juan M. Londono, Beth Anne Wilson and Ilknur Zer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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18.

How Global Risk Perceptions Affect Economic Growth

FEDS Notes No. 2022-02-03-2
Posted: 08 Feb 2022
Jon Danielsson, Marcela Valenzuela and Ilknur Zer
Independent, Independent and Board of Governors of the Federal Reserve System

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19.

How Much Lockdown Policies Contribute to Local Unemployment? Evidence from the First and Second Waves of Covid-19

FEDS Notes No. 2021-05-24-1
Posted: 10 Jun 2021 Last Revised: 17 Jun 2021
Antonis Kotidis and Ilknur Zer
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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20.

Monitoring the Liquidity Profile of Mutual Funds

FEDS Notes No. 2020-05-29
Posted: 13 Aug 2020
Sirio Aramonte, Chiara Scotti and Ilknur Zer
Federal Reserve Board of Governors, Bank of Italy and Board of Governors of the Federal Reserve System

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21.

Low Risk as a Predictor of Financial Crises

FEDS Notes No. 2018-05-09
Posted: 06 Jun 2018 Last Revised: 25 Jun 2020
Jon Danielsson, Marcela Valenzuela and Ilknur Zer
London School of Economics - Systemic Risk Centre, Pontificia Universidad Católica de Chile and Board of Governors of the Federal Reserve System

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22.

Currency Substitution, Policy Rule and Pass-Through: Evidence from Turkey

Applied Economics, Vol. 42, No. 18, 2010
Posted: 06 Sep 2010
Ilknur Zer and Mustafa Ege Yazgan
Board of Governors of the Federal Reserve System and Istanbul Bilgi University

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Currency Substitution, Monetary Policy Rules, Exchange Rate Pass-Through, Multiple Cointegration, Turkey