J. Christina Wang

Federal Reserve Bank of Boston

600 Atlantic Avenue

Boston, MA 02210

United States

SCHOLARLY PAPERS

29

DOWNLOADS

5,029

SSRN CITATIONS

56

CROSSREF CITATIONS

41

Scholarly Papers (29)

1.

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
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, 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 Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 746 (63,433)

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

2.

Tips Scorecard: Are Tips Accomplishing What They Were Supposed to Accomplish? Can They Be Improved?

FRB of Boston Public Policy Discussion Paper No. 09-8
Number of pages: 55 Posted: 08 Dec 2009 Last Revised: 09 Mar 2010
Federal Reserve Bank of Boston, Boston University, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 604 (82,921)
Citation 1

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3.

A TIPS Scorecard: Are TIPS Accomplishing What They Were Supposed to Accomplish? Can They Be Improved?

Boston University School of Management Research Paper No. 2009-10
Number of pages: 57 Posted: 05 Sep 2009 Last Revised: 23 Feb 2018
Federal Reserve Bank of Boston, Boston University, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston
Downloads 516 (101,121)
Citation 2

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TIPS, assets, inflation, risk, CPI

4.

Productivity and Economies of Scale in the Production of Bank Service Value Added

Number of pages: 34 Posted: 13 Jan 2005
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 447 (120,353)
Citation 4

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5.

Technology, the Nature of Information, and Fintech Marketplace Lending

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 18-3
Number of pages: 51 Posted: 10 Jan 2019 Last Revised: 21 Feb 2019
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 329 (169,395)

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online marketplace lending, boundary of the firm, FinTech, soft and hard information, information technology

6.

Merger-Related Cost Savings in the Production of Bank Services

Number of pages: 41 Posted: 13 Jan 2005
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 299 (187,358)
Citation 6

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7.

Loanable Funds, Risk, and Bank Service Output

Number of pages: 41 Posted: 13 Jan 2005
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 285 (196,961)
Citation 15

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bank, service output, risk premium, value added

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
Federal Reserve Banks - Federal Reserve Bank of Boston, Massachusetts Institute of Technology, Sloan School of Management, Students, Independent, 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 Boston, Isenberg School of Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 106 (467,238)

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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
Federal Reserve Banks - Federal Reserve Bank of Boston, Massachusetts Institute of Technology, Sloan School of Management, Students, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 91 (518,826)

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

A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output

Number of pages: 85 Posted: 13 Jan 2005
J. Christina Wang, Susanto Basu, Susanto Basu and John G. Fernald
Federal Reserve Bank of Boston, National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 125 (412,568)
Citation 4

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A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output

NBER Working Paper No. w14616
Number of pages: 52 Posted: 15 Jan 2009 Last Revised: 10 Dec 2022
J. Christina Wang, Susanto Basu, Susanto Basu and John G. Fernald
Federal Reserve Bank of Boston, National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 45 (756,021)
Citation 6

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The Value of Risk: Measuring the Service Output of U.S. Commercial Banks

FRB of Boston Working Paper No. 08-4
Number of pages: 37 Posted: 30 Jun 2008
Susanto Basu, Susanto Basu, Robert Inklaar and J. Christina Wang
National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics, University of Groningen - Department of Economics and Federal Reserve Bank of Boston
Downloads 95 (504,411)

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The Value of Risk: Measuring the Service Output of U.S. Commercial Banks

NBER Working Paper No. w14615
Number of pages: 31 Posted: 15 Jan 2009 Last Revised: 09 Dec 2022
Susanto Basu, Susanto Basu, Robert Inklaar and J. Christina Wang
National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics, University of Groningen - Department of Economics and Federal Reserve Bank of Boston
Downloads 53 (702,645)
Citation 2

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11.

Service Output of Bank Holding Companies in the 1990s and the Role of Risk

Number of pages: 30 Posted: 13 Jan 2005
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 147 (362,213)
Citation 5

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bank holding company, service output, risk premium, value added

How Magic a Bullet Is Machine Learning for Credit Analysis? An Exploration with FinTech Lending Data

Number of pages: 84 Posted: 14 Nov 2021
J. Christina Wang and Charles B. Perkins
Federal Reserve Bank of Boston and Independent
Downloads 77 (575,831)

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FinTech/marketplace lending, supervised machine learning, default prediction

How Magic a Bullet is Machine Learning for Credit Analysis? An Exploration with Fintech Lending Data

FRB of Boston Working Paper No. 19-16
Number of pages: 84 Posted: 02 Jun 2021
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 66 (628,656)

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FinTech/marketplace lending, supervised machine learning, default prediction

13.

Rationing of Bank Credit to Small Businesses: Evidence from the Great Recession

Number of pages: 77 Posted: 19 Apr 2012
La CaixaAutonomous University of Barcelona - Department of Business Economics and Federal Reserve Bank of Boston
Downloads 143 (370,296)
Citation 3

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small business lending, credit rationing, recession

Risk Bearing, Implicit Financial Services, and Specialization in the Financial Industry

FRB of Boston Public Policy Discussion Paper No. 06-3
Number of pages: 32 Posted: 17 Jul 2006
J. Christina Wang, Susanto Basu and Susanto Basu
Federal Reserve Bank of Boston and National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics
Downloads 106 (467,238)

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Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry

NBER Working Paper No. w14614
Number of pages: 31 Posted: 17 Feb 2009 Last Revised: 08 Dec 2022
J. Christina Wang, Susanto Basu and Susanto Basu
Federal Reserve Bank of Boston and National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics
Downloads 33 (849,721)

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15.

Banks' Search for Yield in the Low Interest Rate Environment: A Tale of Regulatory Adaptation

FRB of Boston Working Paper No. 17-3
Number of pages: 90 Posted: 21 Jun 2017 Last Revised: 22 Jun 2017
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 98 (490,310)

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banks, reaching for yield, maturity mismatch, regulation, zero lower bound

Why Has the Cyclicality of Productivity Changed?: What Does it Mean?

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 15-6
Number of pages: 53 Posted: 01 Jan 2016 Last Revised: 25 Apr 2022
John G. Fernald and J. Christina Wang
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Boston
Downloads 94 (507,924)
Citation 21

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growth accounting, business cycles, procyclical productivity, labor hoarding, DSGE models

Why Has the Cyclicality of Productivity Changed? What Does it Mean?

Annual Review of Economics, Vol. 8, pp. 465-496, 2016
Posted: 18 Nov 2016
John G. Fernald and J. Christina Wang
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Boston

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Did High Leverage Render Small Businesses Vulnerable to the COVID-19 Shock?

Number of pages: 64 Posted: 22 Jun 2022
Falk Bräuning, Jose L. Fillat and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 58 (672,547)

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Did High Leverage Render Small Businesses Vulnerable to the COVID-19 Shock?

FRB of Boston Working Paper No. 22-13
Number of pages: 67 Posted: 18 Oct 2022
Falk Bräuning, Jose L. Fillat and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 35 (832,810)

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leverage, small business, credit supply, bank capital, COVID-19

18.

Corporate Debt Maturity and Monetary Policy

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 88967
Number of pages: 31 Posted: 02 Jun 2021
Falk Bräuning, Jose L. Fillat and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 89 (521,477)
Citation 1

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monetary policy, yield curves, corporate finance

19.

The Equilibrium Real Policy Rate Through the Lens of Standard Growth Models

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 17-6
Number of pages: 32 Posted: 22 Nov 2017
Daniel E. Sichel and J. Christina Wang
Wellesley College and Federal Reserve Bank of Boston
Downloads 66 (618,580)

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monetary policy, productivity, natural rate of interest, growth models

20.

The Great Leverage 2.0? A Tale of Different Indicators of Corporate Leverage

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 87795
Number of pages: 19 Posted: 29 Apr 2020
Falk Bräuning and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 62 (638,651)
Citation 1

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financial stability, low interest rates, monetary policy, interest coverage, business leverage

21.

Lease Expirations and Cre Property Performance

FRB of Boston Working Paper No. 23-10
Number of pages: 27 Posted: 09 Oct 2023
David Glancy and J. Christina Wang
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston
Downloads 49 (712,479)

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commercial real estate, lease expirations, COVID-19, office loans, bank loan exposure

22.

What Do 25 Million Records of Small Businesses Say About the Effects of the PPP?

FRB of Boston Working Paper No. 22-23
Number of pages: 67 Posted: 21 Dec 2022
Gustavo Joaquim and J. Christina Wang
Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 49 (712,479)

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Paycheck Protection Program, small business lending, financial frictions

23.

The Main Street Lending Program: Who Borrowed and How Have They Benefited?

FRB of Boston Working Paper No. 22-24
Number of pages: 50 Posted: 21 Dec 2022
J. Christina Wang
Federal Reserve Bank of Boston
Downloads 41 (765,779)

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COVID-19, Main Street Lending Program, SMEs, credit frictions

24.

A Helping Hand to Main Street Where and When it Was Needed

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 92116
Number of pages: 15 Posted: 02 Jun 2021
Frankie Lin, Falk Bräuning, Jose L. Fillat and J. Christina Wang
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 39 (780,210)
Citation 2

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Main Street Lending Program, COVID-19, emergency lending facilities, credit demand

25.

The Tail that Wagged the Dog: What Explains the Persistent Employment Effect of the 10-Day PPP Funding Delay?

FRB of Boston Working Paper No. 23-6
Number of pages: 59 Posted: 21 Aug 2023
University of Delaware - Economics, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston
Downloads 23 (913,608)

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COVID-19, Paycheck Protection Program, small business credit, remote work, employment

26.

Cities Disrupted: The Diverse Impact of the PPP and Other Pandemic Support Programs

Number of pages: 73 Posted: 14 Feb 2024
Olga Gorbachev, Maria Jose Luengo-Prado and J. Christina Wang
University of Delaware - Economics, Indus Center for Academic Excellence and Federal Reserve Bank of Boston
Downloads 13 (1,012,991)

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COVID-19, Paycheck Protection Program, CARES Act, small business credit, employment

27.

Stablecoins and Crypto Shocks

Liberty Street Economics
Posted: 11 Mar 2024
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

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

28.

Runs on Stablecoins

Liberty Street Economics
Posted: 12 Jul 2023
Federal Reserve Banks - Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of New York, 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 Boston, Federal Reserve Banks - Federal Reserve Bank of New York, Isenberg School of Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Federal Reserve Bank of Boston

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E42

29.

A Tips Scorecard: Are They Accomplishing Their Objectives?

Financial Analysts Journal, Vol. 66, No. 5, 2010
Posted: 16 Oct 2010
Federal Reserve Bank of Boston, Boston University, Federal Reserve Bank of Boston - Research Department and Federal Reserve Bank of Boston

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Fixed Income, Fixed-Income Markets, Characteristics, Institutions, and Benchmarks, U.S. Treasury Securities