Patrick E. McCabe

Board of Governors of the Federal Reserve System

Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

6

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Top 9,115

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53

CROSSREF CITATIONS

81

Scholarly Papers (6)

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

Number of pages: 33 Posted: 16 Sep 2019 Last Revised: 19 May 2020
Federal Reserve Banks - Federal Reserve Bank of Boston, 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 2,432 (6,169)
Citation 3

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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: Risks to Financial Stability?

FEDS Working Paper No. 2018-060 https://doi.org/10.17016/FEDS.2018.060r1
Number of pages: 34 Posted: 02 Sep 2020 Last Revised: 03 Sep 2020
Federal Reserve Banks - Federal Reserve Bank of Boston, 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 467 (69,651)

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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, Daily rebalancing

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

FRB Boston Risk and Policy Analysis Unit Paper No. RPA 18-4
Number of pages: 30 Posted: 24 Jan 2019 Last Revised: 21 Feb 2019
Federal Reserve Banks - Federal Reserve Bank of Boston, 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
Downloads 448 (73,320)
Citation 1

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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, daily rebalancing

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 445 (73,882)
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 159 (213,815)
Citation 8

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

3.

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 134 (245,492)
Citation 7

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

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
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 62 (405,341)
Citation 2

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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
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 45 (470,347)
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
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 17 (635,067)
Citation 5

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

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
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Independent and Federal Reserve Bank of New York - Research and Statistics
Downloads 47 (461,773)
Citation 8

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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
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Independent and Federal Reserve Bank of New York - Research and Statistics
Downloads 38 (502,780)
Citation 9

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money market funds, runs, redemption restrictions, systemic risk

6.
Downloads 66 (387,306)
Citation 5

Gates, Fees, and Preemptive Runs

FRB of New York Staff Report No. 670
Number of pages: 18 Posted: 12 Apr 2014
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 Padova - Department of Economics
Downloads 39 (497,976)
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
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 Padova - Department of Economics
Downloads 27 (564,341)
Citation 6

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