Michael Lee

Federal Reserve Banks - Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

17

DOWNLOADS
Rank 20,384

SSRN RANKINGS

Top 20,384

in Total Papers Downloads

4,772

SSRN CITATIONS
Rank 22,539

SSRN RANKINGS

Top 22,539

in Total Papers Citations

52

CROSSREF CITATIONS

6

Scholarly Papers (17)

1.
Downloads 1,386 (27,420)
Citation 10

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 1,169 (34,582)

Abstract:

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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 217 (264,619)
Citation 1

Abstract:

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

2.

Optimal Design of Tokenized Markets

Number of pages: 30 Posted: 07 Apr 2021 Last Revised: 21 Sep 2022
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 804 (59,399)

Abstract:

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token system, security tokenization, settlement uncertainty, market design

3.

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 748 (65,318)
Citation 1

Abstract:

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

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 392 (144,234)
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 Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 271 (213,986)
Citation 31

Abstract:

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cyber, banks, networks, payments

6.
Downloads 242 (239,319)

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 177 (319,009)
Citation 1

Abstract:

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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 65 (654,621)

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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 - McCombs School of Business
Downloads 208 (277,432)

Abstract:

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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 Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 203 (282,416)
Citation 1

Abstract:

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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
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 159 (350,532)
Citation 4

Abstract:

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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
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 133 (404,633)

Abstract:

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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 108 (473,130)

Abstract:

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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 69 (623,803)

Abstract:

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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 - McCombs School of Business
Downloads 49 (734,427)

Abstract:

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liquidity, government intervention, adverse selection, collateral

14.

What Makes Cryptocurrencies Different?

Liberty Street Economics, 2023
Posted: 16 Aug 2023
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

15.

Implications of Cyber Risk for Financial Stability

FEDS Notes No. 2022-05-12
Posted: 18 May 2022
Federal Reserve Banks - Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of New York and Government of the United States of America - Office of Financial Research

Abstract:

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16.

Uncertain Booms and Fragility

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

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17.

Is Beta Effective in Market Timing?

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

Abstract:

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