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

7

DOWNLOADS
Rank 11,559

SSRN RANKINGS

Top 11,559

in Total Papers Downloads

5,996

SSRN CITATIONS
Rank 8,043

SSRN RANKINGS

Top 8,043

in Total Papers Citations

65

CROSSREF CITATIONS

96

Scholarly Papers (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
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 3,625 (4,180)
Citation 5

Abstract:

Loading...

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
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 626 (59,784)
Citation 1

Abstract:

Loading...

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: 35 Posted: 24 Jan 2019 Last Revised: 18 Mar 2022
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 482 (83,058)
Citation 1

Abstract:

Loading...

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

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 457 (88,571)
Citation 29

Abstract:

Loading...

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 168 (246,403)
Citation 10

Abstract:

Loading...

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

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 143 (281,639)
Citation 4

Abstract:

Loading...

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 50 (534,217)
Citation 5

Abstract:

Loading...

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 23 (699,744)
Citation 4

Abstract:

Loading...

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 147 (274,690)
Citation 8

Abstract:

Loading...

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

5.
Downloads 106 (349,022)
Citation 8

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 Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 61 (486,741)
Citation 4

Abstract:

Loading...

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 Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 45 (558,619)
Citation 7

Abstract:

Loading...

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

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 56 (507,255)
Citation 9

Abstract:

Loading...

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 45 (558,619)
Citation 5

Abstract:

Loading...

money market funds, runs, redemption restrictions, systemic risk

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 36 (608,232)

Abstract:

Loading...

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 32 (633,234)

Abstract:

Loading...

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