Marco Cipriani

Federal Reserve Bank of New York

Senior Economics

33 Liberty Street

New York, NY 10045

United States

  • Federal Reserve Bank of New York

SCHOLARLY PAPERS

38

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7,892

TOTAL CITATIONS
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Top 2,499

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307

Scholarly Papers (38)

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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
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 866 (60,666)

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

2.

Herd Behavior in Financial Markets: An Experiment with Financial Market Professionals

IMF Working Paper No. 08/141
Number of pages: 30 Posted: 01 Jul 2008
Antonio Guarino and Marco Cipriani
University College London - Centre for Economic Learning and Social Evolution (ELSE) and Federal Reserve Bank of New York
Downloads 633 (91,455)
Citation 11

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Working Paper

3.

Estimating a Structural Model of Herd Behavior in Financial Markets

Downloads 601 (97,660)
Citation 10

Estimating a Structural Model of Herd Behavior in Financial Markets

FRB of New York Staff Report No. 561
Number of pages: 40 Posted: 09 Jun 2012
Marco Cipriani and Antonio Guarino
Federal Reserve Bank of New York and University College London - Centre for Economic Learning and Social Evolution (ELSE)
Downloads 356 (180,323)
Citation 10

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herd behavior, market microstructure, structural estimation

Estimating a Structural Model of Herd Behavior in Financial Markets

IMF Working Paper No. 10/288
Number of pages: 34 Posted: 01 Feb 2011
Antonio Guarino and Marco Cipriani
University College London - Centre for Economic Learning and Social Evolution (ELSE) and Federal Reserve Bank of New York
Downloads 245 (267,707)

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Asset prices, Capital markets, Economic models, Public information, Stock markets

4.

Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students

Downloads 592 (99,817)
Citation 24

Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students

FRB of New York Staff Report No. 927
Number of pages: 30 Posted: 27 May 2020
Marco Angrisani, Marco Cipriani, Antonio Guarino, Ryan Kendall and Julen Ortiz de Zarate
University of Southern California - Center for Economic and Social Research (CESR), Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), University College London - Department of Economics and University College London
Downloads 590 (98,922)
Citation 24

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risk aversion, financial markets professional, COVID-19, experimental economics

Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students

CEPR Discussion Paper No. DP15108
Number of pages: 33 Posted: 18 Aug 2020
Marco Angrisani, Marco Cipriani, Antonio Guarino, Ryan Kendall and Julen Ortiz de Zarate
University of Southern California - Center for Economic and Social Research (CESR), Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), University College London - Department of Economics and University College London
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COVID-19, Experimental economics, financial markets professional, risk aversion

5.

Transaction Costs and Informational Cascades in Financial Markets: Theory and Experimental Evidence

Downloads 403 (158,435)
Citation 7

Transaction Costs and Informational Cascades in Financial Markets: Theory and Experimental Evidence

ECB Working Paper No. 736
Number of pages: 53 Posted: 31 Mar 2007
Marco Cipriani and Antonio Guarino
Federal Reserve Bank of New York and University College London - Centre for Economic Learning and Social Evolution (ELSE)
Downloads 267 (245,418)

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Informational Cascades, Herd Behavior, Trade Costs, Tobin Tax

Transaction Costs and Informational Cascades in Financial Markets: Theory and Experimental Evidence

World Economy & Finance Research Programme Working Paper No. 0008
Number of pages: 38 Posted: 01 Nov 2006
Marco Cipriani and Antonio Guarino
Federal Reserve Bank of New York and University College London - Centre for Economic Learning and Social Evolution (ELSE)
Downloads 136 (457,810)
Citation 7

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6.

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

Downloads 397 (161,142)

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 234 (280,204)

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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 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 163 (393,115)

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

7.

The Market Events of Mid-September 2019

Downloads 329 (198,220)
Citation 12

The Market Events of Mid-September 2019

FRB of New York Staff Report No. 918 (2020)
Number of pages: 30 Posted: 06 Mar 2020 Last Revised: 24 May 2023
Gara Afonso, Marco Cipriani, Adam M. Copeland, Anna Kovner, Gabriele La Spada and Antoine Martin
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 Richmond, Federal Reserve Banks - Federal Reserve Bank of New York and Swiss National Bank
Downloads 197 (330,802)
Citation 5

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federal funds market, repo market, central bank reserves, regulation, monetary policy

The Market Events of Mid-September 2019

Economic Policy Review, Vol. 27, No. 2
Number of pages: 26 Posted: 02 Sep 2021
Gara Afonso, Marco Cipriani, Adam M. Copeland, Anna Kovner, Gabriele La Spada and Antoine Martin
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 Richmond, Federal Reserve Banks - Federal Reserve Bank of New York and Swiss National Bank
Downloads 132 (469,373)
Citation 5

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federal funds market, repo market, central bank reserves, regulation, monetary policy implementation

The Market Events of Mid-September 2019

CEPR Discussion Paper No. DP14467
Number of pages: 33 Posted: 25 Mar 2020
Gara Afonso, Marco Cipriani, Adam M. Copeland, Anna Kovner, Gabriele La Spada and Antoine Martin
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 Richmond, Federal Reserve Banks - Federal Reserve Bank of New York and Swiss National Bank
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Citation 2
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central bank reserves, Federal funds market, Monetary policy implementation, regulation, repo market

8.

Tracing Bank Runs in Real Time

Downloads 327 (199,536)
Citation 7

Tracing Bank Runs in Real Time

FRB of New York Staff Report No. 1104, Rev. December 2024, https://doi.org/10.59576/sr.1104
Number of pages: 49 Posted: 21 May 2024 Last Revised: 21 Dec 2024
Marco Cipriani, Thomas M. Eisenbach and Anna Kovner
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 257 (255,101)
Citation 3

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bank runs, payments, coordination, public signals

Tracing Bank Runs in Real Time

FRB Richmond Working Paper No. 24-10
Number of pages: 48 Posted: 27 Sep 2024
Marco Cipriani, Thomas M. Eisenbach and Anna Kovner
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 70 (725,870)
Citation 4

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bank runs, payments, coordination, public signals

9.

Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children

Downloads 309 (212,897)
Citation 8

Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children

IZA Discussion Paper No. 2768
Number of pages: 28 Posted: 07 May 2007 Last Revised: 17 Nov 2021
Marco Cipriani, Paola Giuliano and Olivier Jeanne
Federal Reserve Bank of New York, University of California, Los Angeles (UCLA) - Anderson School of Management and International Monetary Fund (IMF) - Research Department
Downloads 298 (219,552)

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culture, public good games, intergenerational transmission

Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children

CEPR Discussion Paper No. DP6305
Number of pages: 29 Posted: 23 May 2008
Marco Cipriani, Paola Giuliano and Olivier Jeanne
Federal Reserve Bank of New York, University of California, Los Angeles (UCLA) - Anderson School of Management and International Monetary Fund (IMF) - Research Department
Downloads 11 (1,310,906)
Citation 8
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culture, public goods game, values

10.

Leverage and Asset Prices: An Experiment

Downloads 296 (222,092)
Citation 8

Leverage and Asset Prices: An Experiment

FRB of New York Staff Report No. 548
Number of pages: 38 Posted: 25 Feb 2012
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, International Monetary Fund (IMF) and Interdisciplinary Center for Economic Science
Downloads 144 (436,762)
Citation 4

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leverage, asset pricing, experimental economics

Leverage and Asset Prices: An Experiment

GMU Working Paper in Economics No. 12-05
Number of pages: 38 Posted: 08 Feb 2012
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia and Interdisciplinary Center for Economic Science
Downloads 118 (513,500)
Citation 3

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leverage, asset pricing, experimental economics

Leverage and Asset Prices: An Experiment

NBER Working Paper No. w26701
Number of pages: 36 Posted: 28 Jan 2020 Last Revised: 17 Jun 2023
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia - Department of Economics and Interdisciplinary Center for Economic Science
Downloads 34 (1,020,104)
Citation 1

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11.

Financial Sanctions, SWIFT, and the Architecture of the International Payments System

FRB of New York Staff Report No. 1047
Number of pages: 34 Posted: 25 Jan 2023
Marco Cipriani, Linda S. Goldberg and Gabriele La Spada
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 285 (231,102)

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sanctions, financial sanctions, cross-border payments, SWIFT, Russia-Ukraine war

12.

Informational Contagion in the Laboratory

Downloads 265 (248,952)
Citation 106

Informational Contagion in the Laboratory

FRB of New York Staff Report No. 715
Number of pages: 62 Posted: 07 Mar 2015
Marco Cipriani, Antonio Guarino, Giovanni Guazzarotti, Federico Tagliati and Sven Fischer
Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), Bank of Italy, University College London and University of Newcastle - Economics
Downloads 141 (444,423)

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information contagion, laboratory experiment

Informational Contagion in the Laboratory

Bank of Italy Temi di Discussione (Working Paper) No. 1063
Number of pages: 75 Posted: 20 Oct 2016
Marco Cipriani, Antonio Guarino, Giovanni Guazzarotti, Federico Tagliati and Sven Fischer
Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), Bank of Italy, University College London and University of Newcastle - Economics
Downloads 65 (756,291)
Citation 106

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informational contagion, laboratory experiment

Informational Contagion in the Laboratory

FRB of New York Staff Report No. 715
Number of pages: 62 Posted: 18 Aug 2015
Marco Cipriani, Antonio Guarino, Giovanni Guazzarotti, Federico Tagliati and Sven Fischer
Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), Bank of Italy, University College London and University of Newcastle - Economics
Downloads 59 (796,516)

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information contagion, laboratory experiment

13.

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 249 (265,108)

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

14.

Investors’ Appetite for Money-Like Assets: The Money Market Fund Industry after the 2014 Regulatory Reform

FRB of NY Staff Report No. 816
Number of pages: 68 Posted: 20 Jun 2017
Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 245 (269,412)
Citation 2

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money-like assets, information sensitivity, money market funds, money market funds reform

15.

Trading by Professional Traders: An Experiment

FRB of New York Staff Report No. 939
Number of pages: 52 Posted: 14 Aug 2020
Marco Cipriani, Roberta De Filippis, Antonio Guarino and Ryan Kendall
Federal Reserve Bank of New York, University College London, University College London - Centre for Economic Learning and Social Evolution (ELSE) and University College London - Department of Economics
Downloads 239 (276,019)
Citation 1

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bubbles, experiments, financial markets, information aggregation, professional traders, strategic sophistication

16.

Strategic Sophistication and Trading Profits: An Experiment with Professional Traders

FRB of New York Staff Report No. 1044
Number of pages: 49 Posted: 23 Dec 2022
Marco Angrisani, Marco Cipriani and Antonio Guarino
University of Southern California - Center for Economic and Social Research (CESR), Federal Reserve Bank of New York and University College London - Centre for Economic Learning and Social Evolution (ELSE)
Downloads 236 (279,423)

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experiments, financial markets, professional traders, strategic sophistication

17.

Gates, Fees, and Preemptive Runs

Downloads 229 (287,846)
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 124 (493,778)
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 105 (561,762)
Citation 4

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runs, gates, fees, money market funds, banks

18.

Banks' Balance-Sheet Costs, Monetary Policy, and the ON RRP

FRB of New York Staff Report No. 1041, Rev. August 2024
Number of pages: 55 Posted: 27 Dec 2022
Gara Afonso, Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 224 (293,979)
Citation 5

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balance sheet constraints, banks, leverage ratio, monetary policy, money market funds, ONRRP

19.

The Use of Collateral in Bilateral Repurchase and Securities Lending Agreements

FRB of NY Staff Report No. 758
Number of pages: 58 Posted: 14 Jan 2016 Last Revised: 26 Oct 2017
Viktoria Baklanova, Cecilia Caglio, Marco Cipriani and Adam M. Copeland
Securities and Exchange Commission (SEC), Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 223 (295,249)
Citation 6

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repo, securities lending, adverse selection, haircut

20.

Volatility in International Financial Market Issuance: The Role of the Financial Center

Downloads 42 (344,947)

Volatility in International Financial Market Issuance: The Role of the Financial Center

NBER Working Paper No. w12587
Number of pages: 31 Posted: 17 Oct 2006 Last Revised: 24 Nov 2022
Marco Cipriani and Graciela Kaminsky
Federal Reserve Bank of New York and George Washington University - Department of Economics
Downloads 42 (937,281)

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21.

Sophisticated and Unsophisticated Runs

FRB of New York Staff Report No. 956, Rev. April 2024
Number of pages: 50 Posted: 05 Jan 2021 Last Revised: 09 Apr 2024
Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 186 (350,023)
Citation 20

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runs, COVID-19, money market funds, sophisticated investors, regulation

22.

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

Downloads 168 (383,149)
Citation 25

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 86 (642,835)
Citation 12

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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

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 82 (661,853)
Citation 13

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money market funds, runs, redemption restrictions, systemic risk

23.

Money Market Funds Intermediation, Bank Instability, and Contagion

FRB of New York Staff Report No. #599
Number of pages: 31 Posted: 08 Feb 2013
Marco Cipriani, Antoine Martin, Bruno Maria Parigi and Bruno Maria Parigi
Federal Reserve Bank of New York, Swiss National Bank and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 153 (415,117)
Citation 1

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money market funds, bank runs

24.

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 105 (557,233)
Citation 2

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

25.

The Money Market Mutual Fund Liquidity Facility

Downloads 101 (573,227)
Citation 8

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 101 (578,376)
Citation 3

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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

26.

Endogenous Leverage and Default in the Laboratory

Downloads 85 (639,541)

Endogenous Leverage and Default in the Laboratory

FRB of New York Staff Report No. 900, November 2019
Number of pages: 65 Posted: 11 Nov 2019
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia - Department of Economics and Interdisciplinary Center for Economic Science
Downloads 60 (789,507)

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collateral, default, double auction, experimental economics, leverage

Endogenous Leverage and Default in the Laboratory

NBER Working Paper No. w26469
Number of pages: 38 Posted: 18 Nov 2019 Last Revised: 29 Apr 2023
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia - Department of Economics and Interdisciplinary Center for Economic Science
Downloads 25 (1,127,335)

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27.

Discount Window Stigma After the Global Financial Crisis

Downloads 49 (854,998)
Citation 2

Discount Window Stigma After the Global Financial Crisis

FRB of New York Staff Report No. 1137, https://doi.org/10.59576/sr.1137
Number of pages: 37 Posted: 21 Nov 2024
Olivier Armantier, Marco Cipriani and Asani Sarkar
Chapman University - Economic Science Institute, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 49 (873,973)
Citation 2

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discount window, lender of last resort, stigma

Discount Window Stigma after the Global Financial Crisis

Liberty Street Economics
Posted: 24 Jan 2025
Olivier Armantier, Marco Cipriani and Asani Sarkar
Chapman University - Economic Science Institute, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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discount window, stigma, federal funds

28.

Noncognitive Skills at the Time of COVID-19: An Experiment with Professional Traders and Students

FRB of New York Staff Report No. 1055
Number of pages: 29 Posted: 28 Feb 2023
Marco Angrisani, Marco Cipriani, Antonio Guarino, Ryan Kendall and Julen Ortiz de Zarate
University of Southern California - Center for Economic and Social Research (CESR), Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE), University College London - Department of Economics and University College London
Downloads 47 (871,401)

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noncognitive skills, COVID-19, professional traders

29.

Financial Transaction Taxes and the Informational Efficiency of Financial Markets: A Structural Estimation

CEPR Discussion Paper No. DP17238
Number of pages: 79 Posted: 27 May 2022
Marco Cipriani, Antonio Guarino and Andreas Uthemann
Federal Reserve Bank of New York, University College London - Centre for Economic Learning and Social Evolution (ELSE) and Bank of Canada
Downloads 5 (1,311,057)
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Financial transaction tax, Market microstructure, structural estimation

30.

Investors' Appetite for Money-Like Assets: The MMF Industry after the 2014 Regulatory Reform

CEPR Discussion Paper No. DP14375
Number of pages: 59 Posted: 11 Feb 2020
Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 3 (1,321,615)
Citation 31
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information sensitivity, Money market funds, Money Market Funds Reform, Money-like Assets

31.

Stablecoins and Crypto Shocks: An Update

Liberty Street Economics
Posted: 23 Apr 2025
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, crypto assets

32.

Anatomy of the Bank Runs in March 2023

Liberty Street Economics
Posted: 26 Dec 2024
Marco Cipriani, Thomas M. Eisenbach and Anna Kovner
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Richmond

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bank runs, sunspot, payment data

33.

Monetary Policy and Money Market Funds in Europe

Liberty Street Economics
Posted: 13 Apr 2024
Marco Cipriani, Daniel Fricke, Stefan Greppmair, Gabriele La Spada and Karol Paludkiewicz
Federal Reserve Bank of New York, Deutsche Bundesbank, Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of New York and Deutsche Bundesbank

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monetary policy, euro-denominated money market funds, pass-through

34.

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

35.

Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023

Liberty Street Economics
Posted: 20 Dec 2023
Gara Afonso, Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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Overnight Reverse Repo Facility (ON RRP), Federal Reserve balance sheet run-off, ample reserves

36.

Treasury Bill Supply and ON RRP Investment

Liberty Street Economics
Posted: 29 Nov 2023
Gara Afonso, Marco Cipriani, Catherine Huang, Gabriele La Spada and Sergio Olivas
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 New York and University of Texas at Austin

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Overnight Reserve Repo (ON RRP), treasury supply, money market mutual funds (MMFs)

37.

The Federal Reserve’s Two Key Rates: Similar but Not the Same?

Liberty Street Economics
Posted: 15 Aug 2023
Gara Afonso, Marco Cipriani, Gabriele La Spada and Peter Prastakos
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT), Operations Research Center, Students

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pass-through, monetary policy implementation, Fed Funds, Federal Reserve

38.

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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