Marco Cipriani

Federal Reserve Bank of New York

Senior Economics

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 22,384

SSRN RANKINGS

Top 22,384

in Total Papers Downloads

2,907

SSRN CITATIONS
Rank 2,529

SSRN RANKINGS

Top 2,529

in Total Papers Citations

343

CROSSREF CITATIONS

184

Scholarly Papers (20)

1.

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

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 538 (66,259)
Citation 11

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Working Paper

Estimating a Structural Model of Herd Behavior in Financial Markets

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 259 (150,782)
Citation 8

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herd behavior, market microstructure, structural estimation

Estimating a Structural Model of Herd Behavior in Financial Markets

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 203 (190,914)

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

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 168 (225,852)

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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 96 (345,245)
Citation 6

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

Number of pages: 30 Posted: 27 May 2020
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 affiliation not provided to SSRN
Downloads 245 (159,324)
Citation 8

Abstract:

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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

Number of pages: 33 Posted: 18 Aug 2020
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 affiliation not provided to SSRN
Downloads 1 (838,431)
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COVID-19, Experimental economics, financial markets professional, risk aversion

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

Number of pages: 28 Posted: 07 May 2007
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 187 (205,659)

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culture, intergenerational transmission, public good games

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

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 6 (788,558)
Citation 2
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culture, public goods game, values

6.

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

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 173 (220,111)
Citation 2

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

7.

The Use of Collateral in Bilateral Repurchase and Securities Lending Agreements

Number of pages: 58 Posted: 14 Jan 2016 Last Revised: 26 Oct 2017
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 144 (256,414)
Citation 6

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repo, securities lending, adverse selection, haircut

8.
Downloads 133 (272,954)
Citation 2

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 George Mason University - Department of Economics
Downloads 82 (381,384)
Citation 4

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leverage, asset pricing, experimental economics

Leverage and Asset Prices: An Experiment

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 George Mason University - Department of Economics
Downloads 44 (521,628)
Citation 4

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leverage, asset pricing, experimental economics

Leverage and Asset Prices: An Experiment

Number of pages: 36 Posted: 28 Jan 2020 Last Revised: 09 Jul 2021
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia - Department of Economics and George Mason University - Department of Economics
Downloads 7 (779,977)

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

HKIMR Working Paper No. 21/2007, Open Economies Review, Vol. 18, No. 2, pp. 157-176, 2007
Number of pages: 27 Posted: 12 Feb 2008
Marco Cipriani and Graciela Kaminsky
Federal Reserve Bank of New York and George Washington University - Department of Economics
Downloads 98 (340,691)

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Volatility, Issuance, International Financial Markets

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

Number of pages: 31 Posted: 17 Oct 2006 Last Revised: 24 Nov 2021
Marco Cipriani and Graciela Kaminsky
Federal Reserve Bank of New York and George Washington University - Department of Economics
Downloads 25 (633,223)

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10.

Money Market Funds Intermediation, Bank Instability, and Contagion

Number of pages: 31 Posted: 08 Feb 2013
Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research and Statistics and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 101 (331,634)
Citation 1

Abstract:

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money market funds, bank runs

11.
Downloads 93 (352,043)
Citation 6

The Market Events of Mid-September 2019

Number of pages: 30 Posted: 06 Mar 2020
Federal Reserve Bank of New York, 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 and Federal Reserve Bank of New York - Research and Statistics
Downloads 83 (381,384)
Citation 1

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

The Market Events of Mid-September 2019

Number of pages: 26 Posted: 02 Sep 2021
Federal Reserve Bank of New York, 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 and Federal Reserve Bank of New York - Research and Statistics
Downloads 10 (754,100)

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

The Market Events of Mid-September 2019

Number of pages: 33 Posted: 25 Mar 2020
Federal Reserve Bank of New York, 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 and Federal Reserve Bank of New York - Research and Statistics
Downloads 0
Citation 2
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central bank reserves, Federal funds market, Monetary policy implementation, regulation, repo market

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 50 (493,968)
Citation 9

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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: 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 39 (546,869)
Citation 5

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money market funds, runs, redemption restrictions, systemic risk

13.
Downloads 79 (386,127)
Citation 8

Gates, Fees, and Preemptive Runs

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 49 (498,286)
Citation 4

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runs, gates, fees, money market funds, banks

Gates, Fees, and Preemptive Runs

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 30 (598,826)
Citation 7

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

14.
Downloads 77 (391,830)
Citation 106

Informational Contagion in the Laboratory

Number of pages: 62 Posted: 07 Mar 2015
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 37 (557,563)

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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
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 24 (640,703)
Citation 106

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informational contagion, laboratory experiment

Informational Contagion in the Laboratory

Number of pages: 62 Posted: 18 Aug 2015
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 16 (703,168)

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information contagion, laboratory experiment

15.

Trading by Professional Traders: An Experiment

Number of pages: 52 Posted: 14 Aug 2020
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 74 (406,766)

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

16.

Sophisticated and Unsophisticated Runs

Number of pages: 43 Posted: 05 Jan 2021
Marco Cipriani and Gabriele La Spada
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 62 (439,922)

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

17.

COVID Response: The Money Market Mutual Fund Facility

Number of pages: 20 Posted: 29 Sep 2021
Federal Reserve Banks - 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 29 (595,643)

Abstract:

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

18.
Downloads 20 (649,981)
Citation 1

Endogenous Leverage and Default in the Laboratory

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 George Mason University - Department of Economics
Downloads 19 (679,291)

Abstract:

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collateral, default, double auction, experimental economics, leverage

Endogenous Leverage and Default in the Laboratory

Number of pages: 38 Posted: 18 Nov 2019 Last Revised: 29 Oct 2021
Marco Cipriani, Ana Fostel and Daniel Houser
Federal Reserve Bank of New York, University of Virginia - Department of Economics and George Mason University - Department of Economics
Downloads 1 (838,431)

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19.

The Money Market Mutual Fund Liquidity Facility

Number of pages: 27 Posted: 18 Nov 2021
Federal Reserve Banks - 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 7 (749,391)

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

20.

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

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 0 (819,021)
Citation 3
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information sensitivity, Money market funds, Money Market Funds Reform, Money-like Assets