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

8

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7,369

TOTAL CITATIONS
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125

Scholarly Papers (8)

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1.

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

Downloads 5,448 ( 3,193)
Citation 7

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 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 4,088 (5,113)
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 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 747 (67,451)
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 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 613 (87,035)
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 706 (73,741)
Citation 45

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 486 (116,177)
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 220 (274,038)
Citation 17

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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 367 (162,742)
Citation 14

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, Swiss National Bank, 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 231 (261,572)
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, Swiss National Bank, 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 82 (603,378)
Citation 6

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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, Swiss National Bank, 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 54 (751,473)
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.

Money Market Fund Vulnerabilities: A Global Perspective

Downloads 297 (204,302)
Citation 1

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, Swiss National Bank and Board of Governors of the Federal Reserve System
Downloads 234 (258,309)
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, Swiss National Bank and Board of Governors of the Federal Reserve System
Downloads 63 (697,795)

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

5.

Gates, Fees, and Preemptive Runs

Downloads 201 (299,515)
Citation 11

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, Swiss National Bank, Board of Governors of the Federal Reserve System and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 103 (519,675)
Citation 7

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

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, Swiss National Bank, Board of Governors of the Federal Reserve System and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 98 (538,063)
Citation 4

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runs, gates, fees, money market funds, banks

6.

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 191 (313,824)
Citation 15

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

7.

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

Downloads 159 (368,595)
Citation 32

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 Swiss National Bank
Downloads 80 (612,497)
Citation 13

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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 Swiss National Bank
Downloads 79 (617,048)
Citation 19

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money market funds, runs, redemption restrictions, systemic risk

8.

Money Market Fund Repo and the ON RRP Facility

FEDS Notes No. 2023-12-15-2
Posted: 22 Jan 2024
Samuel Hempel, Calvin Isley, R. Jay Kahn and Patrick E. McCabe
Board of Governors of the Federal Reserve System, 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

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