Stephan Luck

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 292

SSRN RANKINGS

Top 292

in Total Papers Downloads

99,044

TOTAL CITATIONS
Rank 3,680

SSRN RANKINGS

Top 3,680

in Total Papers Citations

1,676

Scholarly Papers (25)

1.

Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu

Number of pages: 124 Posted: 03 Aug 2022
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 86,967 (24)
Citation 1,448

Abstract:

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1918 Flu Pandemic, non-pharmaceutical interventions (NPI), real economy

2.

The Valuation of Collateral in Bank Lending

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 50 Posted: 20 Oct 2019 Last Revised: 20 Sep 2023
Stephan Luck and João A. C. Santos
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 1,766 (20,636)
Citation 12

Abstract:

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collateral, collateral pricing, bank lending, macro-finance

3.

Failing Banks

Number of pages: 104 Posted: 08 Dec 2023 Last Revised: 27 Aug 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,678 (22,341)
Citation 3

Abstract:

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bank failures, financial crises

The Debt-Inflation Channel of the German (Hyper-)inflation

Number of pages: 109 Posted: 30 Dec 2022 Last Revised: 17 Jan 2025
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne
Downloads 1,631 (22,869)
Citation 1

Abstract:

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Inflation, macro-finance, macroeconomics, financial frictions, hyperinflation, economic history

The Debt-Inflation Channel of the German Hyperinflation

NBER Working Paper No. w31298
Number of pages: 42 Posted: 05 Jun 2023 Last Revised: 09 Jul 2023
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne
Downloads 21 (1,090,557)

Abstract:

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5.

The Effects of Banking Competition on Growth and Financial Stability: Evidence from the National Banking Era

Number of pages: 94 Posted: 16 Jul 2018 Last Revised: 13 Sep 2021
Mark A. Carlson, Sergio Correia and Stephan Luck
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 1,552 (25,167)
Citation 45

Abstract:

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Banking, Banking Competition, Risk Taking, Credit Provision, Real Effects, Financial Crisis, Panic of 1893, Economic History, National Banking Era

Employment Effects of Unconventional Monetary Policy: Evidence from QE

Number of pages: 81 Posted: 19 Jul 2017 Last Revised: 16 Dec 2018
Stephan Luck, Tom Zimmermann and Tom Zimmermann
Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 962 (49,506)
Citation 7

Abstract:

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monetary policy, employment, real effects, large scale asset purchases, quantitative easing

Employment Effects of Unconventional Monetary Policy: Evidence from QE

FEDS Working Paper No. 2018-71
Number of pages: 79 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Stephan Luck and Tom Zimmermann
Federal Reserve Bank of New York and University of Cologne
Downloads 108 (522,460)
Citation 36

Abstract:

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7.

Banks, Shadow Banking, and Fragility

ECB Working Paper No. 1726
Number of pages: 39 Posted: 23 Aug 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 1,055 (44,261)
Citation 3

Abstract:

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shadow banking, regulatory arbitrage, financial crisis, bank runs, maturity transformation

Bank Liquidity Provision Across the Firm Size Distribution

Number of pages: 89 Posted: 11 Oct 2020 Last Revised: 26 Apr 2021
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 754 (68,992)
Citation 4

Abstract:

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Liquidity Provision, Macro-Finance, Credit, Financial Constraints, Loan Terms, Banking, Credit Lines, COVID-19

Bank Liquidity Provision across the Firm Size Distribution

FRB of New York Staff Report No. 942
Number of pages: 69 Posted: 21 Oct 2020
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 86 (609,450)
Citation 13

Abstract:

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liquidity provision, macro-finance, credit, financial constraints, loan terms, banking, credit lines, COVID-19

Bank Liquidity Provision Across the Firm Size Distribution

NBER Working Paper No. w27945
Number of pages: 82 Posted: 14 Oct 2020 Last Revised: 11 May 2023
Harvard University Department of Economics, Columbia University - Columbia Business School, Finance, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 73 (670,322)
Citation 59

Abstract:

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Bank Funding Risk, Reference Rates, and Credit Supply

Journal of Finance forthcoming
Number of pages: 81 Posted: 31 Dec 2022 Last Revised: 16 May 2024
Stanford University Graduate School of Business, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 603 (91,935)
Citation 2

Abstract:

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Bank funding risk, credit supply, reference rates, credit lines, London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR)

Bank Funding Risk, Reference Rates, and Credit Supply

FRB of New York Staff Report No. 1042, Rev. February 2023
Number of pages: 64 Posted: 23 Dec 2022 Last Revised: 02 Feb 2023
Stanford University Graduate School of Business, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 83 (622,945)

Abstract:

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bank funding risk, credit supply, reference rates, credit lines, London Interbank Offered Rate (LIBOR), Secured Overnight Financing Rate (SOFR)

10.

Micro-Evidence From a System-Wide Financial Meltdown: The German Crisis of 1931

Number of pages: 58 Posted: 15 Aug 2019 Last Revised: 16 Jun 2020
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 528 (110,074)
Citation 6

Abstract:

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bank runs, financial crisis, banking panics, banking regulation

11.

Inefficient Liquidity Creation

Number of pages: 43 Posted: 07 Feb 2018 Last Revised: 19 Sep 2022
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 277 (228,265)
Citation 1

Abstract:

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banking; macroprudential regulation; liquidity creation; fire sales; pecuniary externalities; shadow banking; regulatory arbitrage

12.

Did QE Lead to Lax Bank Lending Standards? Evidence from the Federal Reserve's LSAPs

Number of pages: 48 Posted: 11 May 2017 Last Revised: 05 Jul 2017
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 254 (248,318)
Citation 4

Abstract:

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QE, Banks, Risk, SLOOS, STBL

13.
Downloads 142 (420,229)
Citation 5

Who Can Tell Which Banks Will Fail?

FRB of New York Staff Report No. 1005
Number of pages: 87 Posted: 02 Mar 2022 Last Revised: 21 Feb 2024
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 114 (501,484)

Abstract:

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bank run, deposit insurance, financial crises

Who Can Tell Which Banks Will Fail?

NBER Working Paper No. w29753
Number of pages: 73 Posted: 14 Feb 2022 Last Revised: 19 Apr 2023
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 28 (1,007,794)
Citation 5

Abstract:

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14.

Sovereign Defaults, Bank Runs, and Contagion

MPI Collective Goods Preprint, No. 2014/15
Number of pages: 32 Posted: 25 Sep 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 117 (488,764)

Abstract:

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bank run, financial crisis, sovereign default, vicious cycle, financial contagion, banking union, deposit insurance

15.

Digitizing Historical Balance Sheet Data: A Practitioner's Guide

Number of pages: 31 Posted: 07 Apr 2022
Sergio Correia and Stephan Luck
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 102 (543,841)
Citation 7

Abstract:

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OCR, Data Extraction, Balance Sheets

16.

Outside Liquidity, Rollover Risk, and Government Bonds

MPI Collective Goods Preprint, No. 2014/14
Number of pages: 40 Posted: 25 Sep 2014
Stephan Luck and Paul Schempp
Federal Reserve Bank of New York and University of Cologne - Center for Macroeconomic Research (CMR)
Downloads 101 (543,841)
Citation 1

Abstract:

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liquidity provision, liquidity mismatch, bank run, roll-over freeze, outside liquidity, government bonds, liquidity regulation

17.

Did QE Lead Banks to Relax Their Lending Standards? Evidence from the Federal Reserve's Lsaps

FEDS Working Paper No. 2017-93
Number of pages: 49 Posted: 11 Sep 2017
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and University of CologneQuantCo, Inc.
Downloads 87 (597,670)
Citation 10

Abstract:

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Banks, QE, Risk, SLOOS, Survey of Terms of Business Lending

18.

Failing Banks

FRB of New York Staff Report No. 1117, https://doi.org/10.59576/sr.1117
Number of pages: 105 Posted: 09 Sep 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 58 (740,091)

Abstract:

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bank runs, bank failures, financial

19.

Bank Funding Risk, Reference Rates, and Credit Supply

NBER Working Paper No. w30907
Number of pages: 76 Posted: 06 Feb 2023 Last Revised: 14 Jun 2023
Federal Reserve Banks - Federal Reserve Bank of New York, Stanford University - Graduate School of Business, Federal Reserve Bank of New York, Stanford Graduate School of Business and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 23 (1,034,097)
Citation 9

Abstract:

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20.

Failing Banks

NBER Working Paper No. w32907
Number of pages: 60 Posted: 10 Sep 2024 Last Revised: 11 Sep 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (1,118,811)
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21.

Why Do Banks Fail? Bank Runs Versus Solvency

Liberty Street Economics
Posted: 03 Dec 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

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bank runs, deposit insurance, bank failures, financial crises

22.

Why Do Banks Fail? Three Facts About Failing Banks

Liberty Street Economics
Posted: 03 Dec 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

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financial crisis, deposit insurance, bank runs, bank failures

23.

Why Do Banks Fail? The Predictability of Bank Failures

Liberty Street Economics
Posted: 25 Nov 2024
Sergio Correia, Stephan Luck and Emil Verner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

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bank runs, financial crises, deposit insurance, bank failures

24.

Deposits and the March 2023 Banking Crisis—A Retrospective

Liberty Street Economics
Posted: 28 Mar 2024
Stephan Luck and Matthew C. Plosser
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

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deposit betas, deposits, banks, funding

25.

Inflating Away the Debt: The Debt-Inflation Channel of German Hyperinflation

Liberty Street Economics
Posted: 13 Jul 2023
Princeton University - Department of Economics, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Cologne

Abstract:

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hyperinflation, debt-inflation, macro-finance