Michael Lee

Federal Reserve Banks - Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

  • Federal Reserve Banks - Federal Reserve Bank of New York

SCHOLARLY PAPERS

18

DOWNLOADS
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Top 21,162

in Total Papers Downloads

4,099

SSRN CITATIONS
Rank 25,226

SSRN RANKINGS

Top 25,226

in Total Papers Citations

37

CROSSREF CITATIONS

5

Scholarly Papers (18)

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1.

Monetizing Privacy with Central Bank Digital Currencies

Downloads 1,279 (26,879)
Citation 8

Monetizing Privacy with Central Bank Digital Currencies

Number of pages: 34 Posted: 20 May 2020 Last Revised: 21 Sep 2022
Rodney Garratt and Michael Lee
University of California, Santa Barbara (UCSB) and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 1,087 (33,544)

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Customer data, privacy, market structure, digital cash, payments

Monetizing Privacy with Central Bank Digital Currencies

FRB of New York Staff Report No. 958
Number of pages: 26 Posted: 20 Jan 2021 Last Revised: 14 Jan 2022
Michael Lee and Rodney Garratt
Federal Reserve Banks - Federal Reserve Bank of New York and University of California, Santa Barbara (UCSB)
Downloads 192 (260,510)
Citation 1

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central bank digital currency, customer data, privacy, market structure, digital cash, payments

2.

Labor Reactions to Credit Deterioration: Evidence from LinkedIn Activity

Number of pages: 86 Posted: 10 Oct 2019 Last Revised: 21 Mar 2022
Jeff Gortmaker, Jessica Jeffers and Michael Lee
affiliation not provided to SSRN, HEC Paris and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 652 (68,314)
Citation 1

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Network formation, Credit deterioration, Labor & finance, Financial distress, Labor fragility

3.

Optimal Design of Tokenized Markets

Number of pages: 30 Posted: 07 Apr 2021 Last Revised: 21 Sep 2022
Michael Lee, Antoine Martin and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics and Massachusetts Institute of Technology (MIT)
Downloads 631 (71,249)

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token system, security tokenization, settlement uncertainty, market design

4.

Corporate Culture As an Implicit Contract

Number of pages: 49 Posted: 26 Jul 2019
Jessica Jeffers and Michael Lee
HEC Paris and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 337 (149,545)
Citation 1

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Corporate Culture, Human Capital, Implicit Contracts, Non-competes

5.

Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis

FRB of New York Staff Report No. 909, January 2020, Rev. May 2021
Number of pages: 50 Posted: 23 Jan 2020 Last Revised: 27 Apr 2022
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 252 (202,008)
Citation 21

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cyber, banks, networks, payments

6.

Insider Networks

Downloads 210 (240,366)

Insider Networks

Number of pages: 39 Posted: 20 Jun 2018 Last Revised: 21 Sep 2022
Selman Erol and Michael Lee
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 158 (308,889)
Citation 1

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Network Formation, Insider Trading, Regulatory Ambiguity, Endogenous Intermediation

Insider Networks

FRB of New York Staff Report No. 862
Number of pages: 41 Posted: 07 Aug 2018 Last Revised: 12 May 2019
Selman Erol and Michael Lee
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 52 (637,981)

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network formation, insider trading, regulatory ambiguity, endogenous intermediation

7.

Collateral Quality and Intervention Traps

Number of pages: 33 Posted: 13 Dec 2017 Last Revised: 14 Oct 2022
Michael Lee and Daniel Neuhann
Federal Reserve Banks - Federal Reserve Bank of New York and University of Texas at Austin - Red McCombs School of Business
Downloads 177 (280,271)

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Collateral, Liquidity, Financial Regulation, Financial Intermediation, Adverse Selection, Moral Hazard, Financial Crises

8.

When It Rains, It Pours: Cyber Risk and Financial Conditions

FRB of New York Staff Report No. 1022, 2022. Rev. August 2023
Number of pages: 25 Posted: 01 Jul 2022 Last Revised: 13 Aug 2023
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 136 (348,480)
Citation 1

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cyber, banks, networks, payments, COVID-19

9.

Rent-Seeking Platforms

FRB of New York Staff Report No. 892
Number of pages: 46 Posted: 21 Jul 2019 Last Revised: 07 Sep 2021
Rodney Garratt, Michael Lee, Antoine Martin and Robert M. Townsend
University of California, Santa Barbara (UCSB), Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics and Massachusetts Institute of Technology (MIT)
Downloads 136 (348,480)
Citation 2

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inter-dealer markets, liquidity, information design, platforms

10.

Zero Settlement Risk Token Systems

Number of pages: 29 Posted: 07 Apr 2021 Last Revised: 21 Sep 2022
Michael Lee, Antoine Martin and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics and Massachusetts Institute of Technology (MIT)
Downloads 101 (433,143)

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token system, instant settlement, financial architecture

11.

Market Structure and the Availability of Credit: Evidence from Auto Credit

MIT Sloan Research Paper 6879-22
Number of pages: 41 Posted: 11 Feb 2022 Last Revised: 14 May 2023
Donghoon Lee, Michael Lee and Reed Orchinik
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and MIT Sloan
Downloads 85 (483,638)

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Household finance, consumer credit, stress tests, availability of credit, market structure

12.

Uncertain Booms and Fragility

FRB of New York Staff Report No. 861
Number of pages: 51 Posted: 23 Jul 2018
Michael Lee
Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 60 (585,027)

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financial crises, financial intermediation, asymmetric information, booms, financial fragility

13.

A Dynamic Theory of Collateral Quality and Long-Term Interventions

FRB of New York Staff Report No. 894, August 2019
Number of pages: 58 Posted: 07 Aug 2019
Michael Lee and Daniel Neuhann
Federal Reserve Banks - Federal Reserve Bank of New York and University of Texas at Austin - Red McCombs School of Business
Downloads 42 (683,407)

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liquidity, government intervention, adverse selection, collateral

14.

Cyber risk definition and classification for financial risk management

Journal of Operational Risk, Vol. 18, No. 2, 2023
Number of pages: 22 Posted: 12 Jun 2023
Filippo Curti, Jeffrey Gerlach, Sophia Kazinnik, Michael Lee and Atanas Mihov
Quantitative Supervision & Research - Federal Reserve Bank of Richmond, College of William and Mary - Department of Economics, Federal Reserve Banks - Quantitative Supervision & Research, Federal Reserve Banks - Federal Reserve Bank of New York and University of Kansas - School of Business
Downloads 1 (1,020,165)
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operational risk, nonfinancial risk, cyber risk, risk measurement, banking, data collection

15.

What Makes Cryptocurrencies Different?

Liberty Street Economics, 2023
Posted: 16 Aug 2023
Anders Brownworth, Jon Durfee, Michael Lee and Antoine Martin
Federal Reserve Banks - Federal Reserve Bank of Boston, 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 - Research and Statistics

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cryptocurrency, crypto, digital currencies, Bitcoin, permissionless, permissionless blockchains, trust

16.

Implications of Cyber Risk for Financial Stability

FEDS Notes No. 2022-05-12
Posted: 18 May 2022
Danny Brando, Antonis Kotidis, Anna Kovner, Michael Lee and Stacey Schreft
Federal Reserve Banks - Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Government of the United States of America - Office of Financial Research

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17.

Uncertain Booms and Fragility

Posted: 18 Mar 2017
Michael Lee
Federal Reserve Banks - Federal Reserve Bank of New York

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18.

Is Beta Effective in Market Timing?

Posted: 19 Mar 2011
Michael Lee
Federal Reserve Banks - Federal Reserve Bank of New York

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Market timing, perfect foresight, market direction, portfolio, constant beta, time-varying beta, strategies