Falk Bräuning

Federal Reserve Banks - Federal Reserve Bank of Boston

600 Atlantic Avenue

Boston, MA 02210

United States

SCHOLARLY PAPERS

30

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4,511

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Top 5,972

in Total Papers Citations

99

CROSSREF CITATIONS

122

Scholarly Papers (30)

1.

Monetary Policy and Global Banking

Journal of Finance, Forthcoming
Number of pages: 74 Posted: 29 Jun 2016 Last Revised: 09 Feb 2020
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 653 (57,205)
Citation 6

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Global banks; monetary policy transmission; cross-border lending

2.

ECB Monetary Policy Transmission During Normal and Negative Interest Rate Periods

Number of pages: 43 Posted: 27 Mar 2017
Falk Bräuning and Botao Wu
Federal Reserve Banks - Federal Reserve Bank of Boston and New York University (NYU) - Leonard N. Stern School of Business
Downloads 516 (77,023)
Citation 6

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Monetary policy, negative interest rates, financial markets, bank lending

Demand Effects in the FX Forward Market: Micro Evidence from Banks’ Dollar Hedging

The Review of Financial Studies, forthcoming
Number of pages: 62 Posted: 16 Feb 2018 Last Revised: 28 Jul 2020
Puriya Abbassi and Falk Bräuning
Deutsche Bundesbank and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 367 (113,888)
Citation 18

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FX markets, demand shifts, hedging, price determination, global banks, international finance

The Pricing of FX Forward Contracts: Micro Evidence from Banks’ Dollar Hedging

FRB of Boston Working Paper No. 18-6
Number of pages: 55 Posted: 11 Oct 2018 Last Revised: 21 Feb 2019
Puriya Abbassi and Falk Bräuning
Deutsche Bundesbank and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 82 (413,147)

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FX markets, foreign exchange, dollar hedging, price determination, global banks, international financial shocks

4.

U.S. Monetary Policy and Emerging Markets Credit Cycles

Number of pages: 45 Posted: 05 Jun 2017 Last Revised: 15 May 2018
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 449 (91,000)

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Global Business Cycle, Monetary Policy, Emerging Markets, Reaching for Yield

Cross-Border Interbank Liquidity, Crises, and Monetary Policy

Journal of International Economics, Forthcoming
Number of pages: 53 Posted: 26 Feb 2015 Last Revised: 11 Sep 2020
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston, Frankfurt School of Finance & Management and Imperial College London
Downloads 271 (157,377)
Citation 16

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international liquidity, financial crises, cross-border lending, monetary policy, banks.

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

Bundesbank Discussion Paper No. 45/2014
Number of pages: 54 Posted: 21 Jun 2016
Deutsche Bundesbank, Frankfurt School of Finance & Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Imperial College London
Downloads 75 (435,301)

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interbank liquidity, financial crises, monetary policy, credit supply, credit rationing, information asymmetry, euro area, financial globalization

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

CEPR Discussion Paper No. DP10479
Posted: 09 Mar 2015
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston, Frankfurt School of Finance & Management and Imperial College London
Downloads 1 (928,815)
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credit rationing, credit supply, euro area, financial crises, financial globalization, information asymmetry, interbank liquidity, monetary policy

High-Yield Debt Covenants and Their Real Effects

Number of pages: 49 Posted: 06 Jan 2022 Last Revised: 18 Apr 2022
Falk Bräuning, Victoria Ivashina and Ali K. Ozdagli
Federal Reserve Banks - Federal Reserve Bank of Boston, Harvard University and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 218 (194,925)

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High-yield debt; corporate debt; covenants; incurrence covenants; cov-lite; amplification mechanisms; contracts; contingent contracting

High-Yield Debt Covenants and Their Real Effects

FRB of Boston Working Paper No. 22-5
Number of pages: 49 Posted: 28 Mar 2022
Falk Bräuning, Victoria Ivashina and Ali K. Ozdagli
Federal Reserve Banks - Federal Reserve Bank of Boston, Harvard University and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 41 (578,754)

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high-yield debt, corporate debt, covenants, incurrence covenants, cov-lite, amplification mechanisms, contracts, contingent contracting

High-Yield Debt Covenants and Their Real Effects

NBER Working Paper No. w29888
Number of pages: 50 Posted: 28 Mar 2022 Last Revised: 02 Apr 2022
Falk Bräuning, Victoria Ivashina and Ali Ozdagli
Federal Reserve Banks - Federal Reserve Bank of Boston, Harvard University and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 8 (839,616)
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A Dynamic Network Model of the Unsecured Interbank Lending Market

BIS Working Paper No. 491
Number of pages: 55 Posted: 27 Feb 2015
VU University AmsterdamTinbergen Institute, Federal Reserve Banks - Federal Reserve Bank of Boston and De Nederlandsche Bank
Downloads 125 (311,756)

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Interbank liquidity, financial networks, credit risk uncertainty, peer monitoring, monetary policy, trading relationships, indirect parameter estimation

A Dynamic Network Model of the Unsecured Interbank Lending Market

De Nederlandsche Bank Working Paper No. 460
Number of pages: 57 Posted: 25 Feb 2015 Last Revised: 26 Feb 2015
VU University AmsterdamTinbergen Institute, Federal Reserve Banks - Federal Reserve Bank of Boston and De Nederlandsche Bank
Downloads 67 (463,007)
Citation 21

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Interbank liquidity, financial networks, credit risk uncertainty, peer monitoring, monetary policy, trading relationships, indirect parameter estimation

8.

A Dynamic Stochastic Network Model of the Unsecured Interbank Lending Market

SWIFT Institute Working Paper No. 2012-007
Number of pages: 51 Posted: 05 Feb 2014 Last Revised: 01 Oct 2014
VU University AmsterdamTinbergen Institute, Federal Reserve Banks - Federal Reserve Bank of Boston and De Nederlandsche Bank
Downloads 179 (232,766)
Citation 6

Abstract:

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interbank lending, stochastic, network model

Relationship Lending in the Interbank Market and the Price of Liquidity

Bundesbank Discussion Paper No. 22/2012
Number of pages: 68 Posted: 21 Jun 2016
Falk Bräuning and Falko Fecht
Federal Reserve Banks - Federal Reserve Bank of Boston and Frankfurt School of Finance & Management
Downloads 88 (395,827)
Citation 2

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Interbank Market, Relationship Lending, Liquidity Crisis, Central Counterpart, Financial Contagion

Relationship Lending in the Interbank Market and the Price of Liquidity

FRB of Boston Working Paper No. 16-7
Number of pages: 43 Posted: 23 Aug 2016
Falk Bräuning and Falko Fecht
Federal Reserve Banks - Federal Reserve Bank of Boston and Frankfurt School of Finance & Management
Downloads 50 (533,299)
Citation 10

Abstract:

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interbank markets, relationship lending, financial crisis, central counterparty, financial contagion

Exchange Rate Risk, Banks' Currency Mismatches, and Credit Supply

Number of pages: 72 Posted: 18 Nov 2019 Last Revised: 01 Apr 2021
Puriya Abbassi and Falk Bräuning
Deutsche Bundesbank and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 105 (353,058)

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Currency Mitmatch, Credit Supply, Foreign Exchange Risk, Financial Intermediation, Risk Migration, Financial Stability

Real Effects of Foreign Exchange Risk Migration: Evidence from Matched Firm-Bank Microdata

Deutsche Bundesbank Discussion Paper No. 53/2020
Number of pages: 64 Posted: 09 Oct 2020
Puriya Abbassi and Falk Bräuning
Deutsche Bundesbank and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 31 (638,745)

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Credit Supply, Foreign Exchange Risk, Financial Intermediation, Risk Migration, Financial Stability

11.

Forecasting Macroeconomic Variables Using Collapsed Dynamic Factor Analysis

Tinbergen Institute Discussion Paper No. 12-042/4
Number of pages: 33 Posted: 25 Apr 2012 Last Revised: 05 Jul 2012
Falk Bräuning and Siem Jan Koopman
Federal Reserve Banks - Federal Reserve Bank of Boston and Vrije Universiteit Amsterdam - School of Business and Economics
Downloads 117 (325,415)
Citation 7

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Kalman filter, Mixed frequency, Nowcasting, Principal components, State space model, Unobserved Components Time Series Model

The Impact of Regulatory Stress Tests on Bank Lending and its Macroeconomic Consequences

Number of pages: 49 Posted: 31 Dec 2020
Falk Bräuning and Jose L. Fillat
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 90 (390,319)

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Stress Testing, Financial Stability, Credit Supply, Real Effects, Financial Regulation

The Impact of Regulatory Stress Tests on Bank Lending and its Macroeconomic Consequences

FRB of Boston Working Paper No. 20-12
Number of pages: 49 Posted: 23 Dec 2020
Falk Bräuning and Jose L. Fillat
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 24 (690,351)

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banking, regulation, stress testing, portfolio similarity, credit supply

13.

The Pricing of FX Forward Contracts: Micro Evidence from Banks' Dollar Hedging

Deutsche Bundesbank Discussion Paper No. 42/2018
Number of pages: 56 Posted: 29 Oct 2018 Last Revised: 18 Nov 2021
Puriya Abbassi and Falk Bräuning
Deutsche Bundesbank and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 100 (364,431)

Abstract:

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FX markets, hedging, price determination, global banks, international finance

14.
Downloads 97 (369,158)
Citation 4

Monetary Policy and Global Banking

FRB of Boston Working Paper No. 17-5
Number of pages: 55 Posted: 19 Jul 2017
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 59 (493,978)

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global banks, monetary policy transmission, cross‐border lending

Monetary Policy and Global Banking

NBER Working Paper No. w23316
Number of pages: 75 Posted: 10 Apr 2017 Last Revised: 18 Mar 2022
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 38 (595,355)

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15.

Uncovering Covered Interest Parity: The Role of Bank Regulation and Monetary Policy

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 17-3
Number of pages: 41 Posted: 24 Jul 2017 Last Revised: 30 Aug 2017
Falk Bräuning and Kovid Puria
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 91 (384,227)

Abstract:

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covered interest parity, monetary policy, banking

16.

The Dynamic Factor Network Model with an Application to Global Credit Risk

FRB of Boston Working Paper No. 16-13
Number of pages: 45 Posted: 23 Nov 2016
Falk Bräuning and Siem Jan Koopman
Federal Reserve Banks - Federal Reserve Bank of Boston and Vrije Universiteit Amsterdam - School of Business and Economics
Downloads 83 (406,143)

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network analysis, dynamic factor models, blockmodels, credit-risk spillovers

Cost-Price Relationships in a Concentrated Economy

Number of pages: 45 Posted: 28 Jun 2022
Falk Bräuning, Jose L. Fillat and Gustavo Joaquim
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 43 (568,030)

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Cost-Price Pass-Through, Industry Concentration, Inflation, Supply Shock Identification

Cost-Price Relationships in a Concentrated Economy

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 94265
Number of pages: 9 Posted: 24 May 2022
Falk Bräuning, Jose L. Fillat and Gustavo Joaquim
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 36 (607,175)

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inflation, supply shock identification, cost-price pass-through, industry concentration

U. S. Monetary Policy and Emerging Market Credit Cycles

FRB of Boston Working Paper No. 17-9
Number of pages: 44 Posted: 09 Nov 2017
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 62 (481,879)

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global business cycle, monetary policy, emerging markets, reaching for yield

U.S. Monetary Policy and Emerging Market Credit Cycles

NBER Working Paper No. w25185
Number of pages: 53 Posted: 22 Oct 2018 Last Revised: 25 Apr 2022
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 10 (818,420)
Citation 9

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19.

Corporate Debt Maturity and Monetary Policy

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 88967
Number of pages: 31 Posted: 02 Jun 2021
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of BostonIndependent
Downloads 59 (486,650)

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monetary policy, yield curves, corporate finance

20.

Stress Testing Effects on Portfolio Similarities Among Large Us Banks

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 19-1
Number of pages: 40 Posted: 17 Jul 2019 Last Revised: 05 Dec 2019
Falk Bräuning and Jose L. Fillat
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 56 (498,437)

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concentration, systemic risk, portfolio similarity, stress tests, bank correlations

21.

International Financial Integration, Crises, and Monetary Policy: Evidence from the Euro Area Interbank Crises

FRB of Boston Working Paper No. 17-6
Number of pages: 48 Posted: 07 Sep 2017
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston, Frankfurt School of Finance & Management and Imperial College London
Downloads 51 (519,552)

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financial integration, financial crises, cross-border lending, monetary policy, euro area sovereign crisis, liquidity

22.

The Dynamic Factor Network Model with an Application to Global Credit-Risk

Tinbergen Institute Discussion Paper 16-105/III
Number of pages: 47 Posted: 30 Nov 2016
Falk Bräuning and Siem Jan Koopman
Federal Reserve Banks - Federal Reserve Bank of Boston and Vrije Universiteit Amsterdam - School of Business and Economics
Downloads 50 (523,967)
Citation 2

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Network Analysis, Dynamic Factor Models, Blockmodels, Credit-Risk Spillovers

Bargaining Power and Outside Options in the Interbank Lending Market

Bundesbank Discussion Paper No. 31/2017
Number of pages: 46 Posted: 05 Nov 2017
Puriya Abbassi, Falk Bräuning and Niels Schulze
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston and Deutsche Bundesbank - Financial Stability Department
Downloads 42 (573,346)

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bargaining power, over-the-counter market, monetary policy, money market segmentation

Bargaining Power and Outside Options in the Interbank Lending Market

FRB of Boston Working Paper No. 20-10
Number of pages: 44 Posted: 23 Oct 2020
Puriya Abbassi, Falk Bräuning and Niels Schulze
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston and Deutsche Bundesbank - Financial Stability Department
Downloads 7 (850,543)

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bargaining power, over-the-counter markets, monetary policy, money market segmentation

24.

Corporate Finance and the Transmission of Shocks to the Real Economy

FRB of Boston Working Paper No. 21-18
Number of pages: 52 Posted: 27 Dec 2021
Falk Bräuning, Jose L. Fillat and Gustavo Joaquim
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 38 (582,311)

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shocks transmission, bank-firm matching, firm financing, credit supply shocks

Uptake of the Main Street Lending Program

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 90326
Number of pages: 10 Posted: 22 Apr 2021 Last Revised: 21 Apr 2022
Falk Bräuning and Teodora Paligorova
Federal Reserve Banks - Federal Reserve Bank of Boston and Board of Governors of the Federal Reserve System
Downloads 37 (601,196)

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Main Street Lending Program, COVID-19, credit to small and medium-sized businesses

Uptake of the Main Street Lending Program

FEDS Notes No. 2021-04-16-1
https://doi.org/10.17016/2380-7172.2897
Posted: 23 Apr 2021
Falk Bräuning and Teodora Paligorova
Federal Reserve Banks - Federal Reserve Bank of Boston and Board of Governors of the Federal Reserve System

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26.

The Great Leverage 2.0? A Tale of Different Indicators of Corporate Leverage

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 87795
Number of pages: 19 Posted: 29 Apr 2020
Falk Bräuning, J. Christina Wang and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of BostonIndependent
Downloads 37 (587,800)

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financial stability, low interest rates, monetary policy, interest coverage, business leverage

27.

A Helping Hand to Main Street Where and When it Was Needed

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 92116
Number of pages: 15 Posted: 02 Jun 2021
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of BostonIndependent
Downloads 21 (693,212)

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Main Street Lending Program, COVID-19, emergency lending facilities, credit demand

28.

Did High Leverage Render Small Businesses Vulnerable to the COVID-19 Shock?

Number of pages: 64 Posted: 22 Jun 2022
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of BostonIndependent
Downloads 15 (751,246)

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29.

The Liquidity Effect of the Federal Reserve's Balance Sheet Reduction on Short-Term Interest Rates

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 18-1
Number of pages: 20 Posted: 04 Mar 2017 Last Revised: 04 Mar 2022
Falk Bräuning
Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 12 (769,662)

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Federal Reserve balance sheets, liquidity effect, interest rates, monetary policy

30.

Output Spillovers from U.S. Monetary Policy: The Role of International Trade and Financial Linkages

FRB of Boston Working Paper No. 19-15
Number of pages: 46 Posted: 04 Mar 2019 Last Revised: 04 Mar 2022
Falk Bräuning and Viacheslav Sheremirov
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 7 (818,543)

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financial linkages, international spillovers, monetary shocks, trade networks