Patrick E. McCabe

Board of Governors of the Federal Reserve System

Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

7

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SSRN CITATIONS
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Top 7,425

in Total Papers Citations

120

CROSSREF CITATIONS

95

Scholarly Papers (7)

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1.

The Shift From Active to Passive Investing: Potential Risks to Financial Stability?

Downloads 5,081 ( 3,073)
Citation 14

The Shift From Active to Passive Investing: Potential Risks to Financial Stability?

Financial Analysts Journal 76(4): 23–29, 2020
Number of pages: 33 Posted: 16 Sep 2019 Last Revised: 06 May 2021
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Boston, Kelley Business School - Indiana University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 3,855 (4,792)
Citation 5

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Asset Management, Passive Investing, Index Investing, Indexing, Mutual Fund, Exchange-Traded Fund, Leveraged and Inverse Exchange-Traded Products, Financial Stability, Systemic Risk, Market Volatility, Inclusion Effects

The Shift from Active to Passive Investing: Potential Risks to Financial Stability?

FEDS Working Paper No. 2018-060R1
Number of pages: 34 Posted: 02 Sep 2020 Last Revised: 03 Sep 2020
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Boston, Kelley Business School - Indiana University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 694 (64,158)
Citation 1

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The Shift from Active to Passive Investing: Potential Risks to Financial Stability?

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. RPA 18-4
Number of pages: 35 Posted: 24 Jan 2019 Last Revised: 13 Oct 2023
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe, Emilio Osambela and Chaehee Shin
Federal Reserve Banks - Federal Reserve Bank of Boston, Kelley Business School - Indiana University, 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 532 (89,937)
Citation 1

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asset management, passive investing, index investing, indexing, mutual funds, exchange-traded funds, leveraged and inverse exchange-traded products, financial stability, systemic risk, market volatility, inclusion effects, daily rebalancing

2.

The Cross Section of Money Market Fund Risks and Financial Crises

Downloads 670 (68,100)
Citation 32

The Cross Section of Money Market Fund Risks and Financial Crises

FEDS Working Paper No. 2010-51
Number of pages: 63 Posted: 01 Oct 2010
Patrick E. McCabe
Board of Governors of the Federal Reserve System
Downloads 475 (103,275)
Citation 28

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Money Market Fund, Mutual Fund, ABCP, Asset-Backed Commercial Paper, Financial Crisis, Risk, Lehman

The Cross Section of Money Market Fund Risks and Financial Crises

FEDS Working Paper No. 2010-51
Number of pages: 67 Posted: 29 Jul 2011
Patrick E. McCabe
Board of Governors of the Federal Reserve System
Downloads 195 (264,424)
Citation 13

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Money market fund, mutual fund, ABCP, asset - backed commercial paper, financial crisis, risk, Lehman

3.

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

Downloads 316 (165,023)
Citation 11

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

FRB of New York Staff Report No. 712
Number of pages: 39 Posted: 25 Feb 2015 Last Revised: 26 Feb 2015
Joshua Frost, Lorie Logan, Antoine Martin, Patrick E. McCabe, Fabio M. Natalucci and Julie Remache
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics, Board of Governors of the Federal Reserve System, U.S. Federal Reserve Board - Division of Monetary Affairs and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 205 (252,579)
Citation 4

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repo, reverse repo, overnight RRP, monetary policy, interest on excess reserves, money market funds, Federal Reserve Board, Federal Reserve System

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

FEDS Working Paper No. 2015-010, http://dx.doi.org/10.17016/FEDS.2015.010
Number of pages: 39 Posted: 06 Mar 2015
Joshua Frost, Lorie Logan, Antoine Martin, Patrick E. McCabe, Fabio M. Natalucci and Julie Remache
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics, Board of Governors of the Federal Reserve System, U.S. Federal Reserve Board - Division of Monetary Affairs and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 70 (564,713)
Citation 5

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Federal Reserve Board and Federal Reserve System, Monetary policy, interest on excess reserves, money market funds, overnight RRP, repo, reverse repo

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

FRB of New York Staff Report No. 712
Number of pages: 39 Posted: 18 Aug 2015
Joshua Frost, Lorie Logan, Antoine Martin, Patrick E. McCabe, Fabio M. Natalucci and Julie Remache
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics, Board of Governors of the Federal Reserve System, U.S. Federal Reserve Board - Division of Monetary Affairs and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 41 (729,298)
Citation 4

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repo, reverse repo, overnight RRP, monetary policy, interest on excess reserves, money market funds, Federal Reserve Board, Federal Reserve System

4.

The Economics of the Mutual Fund Trading Scandal

FEDS Working Paper No. 2009-06
Number of pages: 74 Posted: 03 Apr 2009
Patrick E. McCabe
Board of Governors of the Federal Reserve System
Downloads 174 (292,863)
Citation 13

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Mutual fund, scandal, market timing, late trading, asset management, dilution, alpha

5.

Money Market Fund Vulnerabilities: A Global Perspective

Downloads 173 (294,402)
Citation 2

Money Market Fund Vulnerabilities: A Global Perspective

FEDS Working Paper No. 2022-12
Number of pages: 26 Posted: 12 Apr 2022
Antoine Bouveret, Antoine Martin and Patrick E. McCabe
European Securities and Markets Authority, Federal Reserve Bank of New York - Research and Statistics and Board of Governors of the Federal Reserve System
Downloads 125 (383,834)
Citation 1

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Money market funds, Liquidity transformation, Runs, Nonbank financial institutions, Short-term funding markets, Information‐insensitive assets, Financial stability

Money Market Fund Vulnerabilities: A Global Perspective

FRB of New York Staff Report No. 1009
Number of pages: 28 Posted: 21 Mar 2022
Antoine Bouveret, Antoine Martin and Patrick E. McCabe
European Securities and Markets Authority, Federal Reserve Bank of New York - Research and Statistics and Board of Governors of the Federal Reserve System
Downloads 48 (682,170)

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money market funds, liquidity transformation, runs, nonbank financial institutions, short-term funding markets, information-insensitive assets, financial stability

6.

Gates, Fees, and Preemptive Runs

Downloads 151 (330,116)
Citation 13

Gates, Fees, and Preemptive Runs

FRB of New York Staff Report No. 670
Number of pages: 18 Posted: 12 Apr 2014
Marco Cipriani, Antoine Martin, Patrick E. McCabe, Bruno Maria Parigi and Bruno Maria Parigi
Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics, Board of Governors of the Federal Reserve System and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 81 (518,240)
Citation 4

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runs, gates, fees, money market funds, banks

Gates, Fees, and Preemptive Runs

FEDS Working Paper No. 2014-30
Number of pages: 18 Posted: 09 May 2014
Marco Cipriani, Antoine Martin, Patrick E. McCabe, Bruno Maria Parigi and Bruno Maria Parigi
Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics, Board of Governors of the Federal Reserve System and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 70 (564,713)
Citation 7

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banks, money market funds, runs, preemptive runs, gates, fees

7.

The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds

Downloads 133 (364,797)
Citation 17

The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds

Number of pages: 79 Posted: 20 Dec 2012
Patrick E. McCabe, Marco Cipriani, Michael Holscher and Antoine Martin
Board of Governors of the Federal Reserve System, 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
Downloads 67 (578,657)
Citation 10

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money market funds, runs, redemption restrictions, systemic risk

The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds

FRB of New York Staff Report No. 564
Number of pages: 79 Posted: 09 Aug 2012
Patrick E. McCabe, Marco Cipriani, Michael Holscher and Antoine Martin
Board of Governors of the Federal Reserve System, 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
Downloads 66 (583,354)
Citation 15

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money market funds, runs, redemption restrictions, systemic risk