Kenechukwu Anadu

Federal Reserve Bank of Boston

600 Atlantic Avenue

Boston, MA 02210

United States

  • Federal Reserve Bank of Boston

SCHOLARLY PAPERS

16

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8,131

SSRN CITATIONS
Rank 13,199

SSRN RANKINGS

Top 13,199

in Total Papers Citations

102

CROSSREF CITATIONS

17

Scholarly Papers (16)

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1.

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

Downloads 5,368 ( 3,185)
Citation 20

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 4,056 (5,040)
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 736 (67,003)
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 576 (91,702)
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.

Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?

FRB of New York Staff Report No. 1073, Rev. April 2024, https://doi.org/10.59576/sr.1073
Number of pages: 54 Posted: 25 Sep 2023 Last Revised: 11 Apr 2024
Kenechukwu Anadu, Pablo D Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine and J. Christina Wang
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 789 (62,109)

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stablecoins, money market mutual funds, financial stability, crypto assets, runs, liquidity transformation

3.

Reach for Yield by U.S. Public Pension Funds

Downloads 591 (89,852)
Citation 7

Reach for Yield by U.S. Public Pension Funds

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. #RPA 19-2
Number of pages: 68 Posted: 17 Jul 2019 Last Revised: 13 Oct 2023
Lina Lu, Matt Pritsker, Andrei Zlate, Kenechukwu Anadu and James Bohn
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 464 (119,540)
Citation 1

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U.S. public pension funds, reach for yield, Value at Risk, underfunding, duration-matched discount rates, state public debt.

Reach for Yield by U.S. Public Pension Funds

FEDS Working Paper No. 2019-48
Number of pages: 67 Posted: 17 Jul 2019
Lina Lu, Matt Pritsker, Andrei Zlate, Kenechukwu Anadu and James Bohn
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 127 (428,732)
Citation 6

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U.S. public pension funds, reach for yield, Value at Risk, underfunding, duration-matched discount rates, state public debt

4.

Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?

Downloads 253 (233,425)

Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?

FRB of Boston Working Paper No. 23-11
Number of pages: 48 Posted: 09 Oct 2023
Kenechukwu Anadu, Pablo Azar, Catherine Huang, Marco Cipriani, Thomas M. Eisenbach, Gabriele La Spada, Mattia Landoni, Marco Macchiavelli, Antoine Malfroy-Camine and J. Christina Wang
Federal Reserve Bank of Boston, Massachusetts Institute of Technology, Sloan School of Management, Students, Independent, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Boston, Isenberg School of Management, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 127 (428,732)

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stablecoins, money market mutual funds, financial stability, crypto assets, runs, liquidity transformation

Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. SRA 23-02
Number of pages: 55 Posted: 06 Oct 2023 Last Revised: 09 Apr 2024
Kenechukwu Anadu, Pablo Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine and J. Christina Wang
Federal Reserve Bank of Boston, Massachusetts Institute of Technology, Sloan School of Management, Students, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 126 (431,480)

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stablecoins, money market mutual funds, financial stability, crypto assets, runs, liquidity transformation

5.

COVID Response: The Money Market Mutual Fund Facility

FRB of New York Staff Report No. 980
Number of pages: 20 Posted: 29 Sep 2021
Kenechukwu Anadu, Marco Cipriani, Ryan Craver and Gabriele La Spada
Federal Reserve Bank of Boston, Federal Reserve Bank of New York, affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 229 (257,322)

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COVID-19, money market funds, runs, Federal Reserve lending facilities

6.

The Stability of Prime Money Market Mutual Funds: Sponsor Support from 2007 to 2011

Number of pages: 15 Posted: 10 Aug 2017 Last Revised: 23 Sep 2018
Steffanie Brady, Kenechukwu Anadu and Nathaniel Cooper
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Independent
Downloads 162 (351,818)
Citation 27

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money market funds, reserve primary fund, fund support, asset-backed commercial paper, AMLF

7.

The Intersection of U.S. Money Market Mutual Fund Reforms, Bank Liquidity Requirements, and the Federal Home Loan Bank System

Downloads 156 (363,072)
Citation 1

The Intersection of U.S. Money Market Mutual Fund Reforms, Bank Liquidity Requirements, and the Federal Home Loan Bank System

Number of pages: 22 Posted: 09 Nov 2017
Kenechukwu Anadu and Viktoria Baklanova
Federal Reserve Bank of Boston and Securities and Exchange Commission (SEC)
Downloads 84 (575,499)

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Federal Home Loan Banks, liquidity coverage ratio, money market mutual funds, short-term funding markets, systemic risk

The Intersection of U.S. Money Market Mutual Fund Reforms, Bank Liquidity Requirements, and the Federal Home Loan Bank System

OFR 17-05
Number of pages: 21 Posted: 10 Nov 2017
Kenechukwu Anadu and Viktoria Baklanova
Federal Reserve Bank of Boston and Securities and Exchange Commission (SEC)
Downloads 72 (630,550)
Citation 1

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Federal Home Loan Banks, Liquidity Coverage Ratio, Money Market Mutual Funds, Short-Term Funding Markets, Systemic Risk

8.

Swing Pricing Calibration: Using ETFs to Infer Swing Factors for Mutual Funds

Financial Analysts Journal, Forthcoming
Number of pages: 20 Posted: 31 Jan 2022 Last Revised: 21 Jul 2023
Kenechukwu Anadu, John Levin, Victoria Liu, Noam Tanner, Antoine Malfroy-Camine and Sean Baker
Federal Reserve Bank of Boston, affiliation not provided to SSRN, Federal Reserve Bank of Boston, affiliation not provided to SSRN, Federal Reserve Bank of Boston and affiliation not provided to SSRN
Downloads 111 (473,064)
Citation 1

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first-mover advantage, open-end mutual funds, run risk, swing pricing, liquidity transformation, ETFs

9.

Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds

Downloads 111 (473,064)
Citation 1

Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds

SRA Notes, Issue Number: 02, August 9, 2019
Number of pages: 11 Posted: 19 Aug 2019
Kenechukwu Anadu and Fang Cai
Federal Reserve Bank of Boston and Board of Governors of the Federal Reserve System
Downloads 111 (475,771)
Citation 1

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leveraged loans, high-yield corporate bonds, open-end mutual funds, liquidity transformation

Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds

FEDS Notes No. 2019-08-09
Posted: 22 Oct 2019
Kenechukwu Anadu and Fang Cai
Federal Reserve Bank of Boston and Board of Governors of the Federal Reserve System

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10.

Money Market Mutual Funds: Runs, Emergency Liquidity Facilities, and Potential Reforms

Number of pages: 12 Posted: 24 May 2021
Kenechukwu Anadu and Siobhan Sanders
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 95 (526,839)
Citation 8

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money market mutual funds, run risk, AMLF, MMLF, financial stability, short-term funding markets

11.

The Money Market Mutual Fund Liquidity Facility

Downloads 70 (630,274)
Citation 6

The Money Market Mutual Fund Liquidity Facility

Economic Policy Review, Vol. 28, No. 1, p. 139-160
Number of pages: 23 Posted: 07 Jul 2022
Kenechukwu Anadu, Marco Cipriani, Ryan Craver and Gabriele La Spada
Federal Reserve Bank of Boston, Federal Reserve Bank of New York, affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 70 (640,407)
Citation 2

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Federal Reserve, COVID-19, money market funds, runs, Federal Reserve lending facilities, Money Market Mutual Fund Liquidity Facility,

The Money Market Mutual Fund Liquidity Facility

CEPR Discussion Paper No. DP17161
Number of pages: 22 Posted: 31 May 2022
Kenechukwu Anadu, Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of Boston, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
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Citation 5
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COVID-19, Federal Reserve lending facilities, Money market funds, Runs

12.

The Money Market Mutual Fund Liquidity Facility

Number of pages: 27 Posted: 18 Nov 2021
Kenechukwu Anadu, Marco Cipriani, Ryan Craver and Gabriele La Spada
Federal Reserve Bank of Boston, Federal Reserve Bank of New York, affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 67 (644,957)
Citation 2

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COVID-19, money market funds, runs, Federal Reserve lending facilities

13.

The Intersection of U.S. Money Market Mutual Fund Reforms, Bank Liquidity Requirements, and the Federal Home Loan Bank System

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. RPA 17-5
Number of pages: 22 Posted: 08 Nov 2017 Last Revised: 13 Oct 2023
Kenechukwu Anadu and Viktoria Baklanova
Federal Reserve Bank of Boston and Securities and Exchange Commission (SEC)
Downloads 65 (654,997)

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Federal Home Loan Banks, liquidity coverage ratio, Money Market Mutual Funds, short-term funding markets, systemic risk

14.

Swing Pricing Calibration

Number of pages: 28 Posted: 05 Dec 2022
Kenechukwu Anadu, Victoria Liu and Lina Lu
Federal Reserve Bank of Boston, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 64 (660,152)

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Swing pricing, runs, mutual funds, liquidity and redemption risks

15.

Stablecoins and Crypto Shocks

Liberty Street Economics
Posted: 11 Mar 2024
Kenechukwu Anadu, Pablo D Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine and J. Christina Wang
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

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stablecoins, runs, money market funds, MMFs, financial stability

16.

Runs on Stablecoins

Liberty Street Economics
Posted: 12 Jul 2023
Kenechukwu Anadu, Pablo D Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine and J. Christina Wang
Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

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Other Papers (1)

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financial stability, systemic risk