Anna Kovner

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 3,217

SSRN RANKINGS

Top 3,217

in Total Papers Downloads

12,426

SSRN CITATIONS
Rank 881

SSRN RANKINGS

Top 881

in Total Papers Citations

239

CROSSREF CITATIONS

926

Scholarly Papers (23)

Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

Number of pages: 41 Posted: 02 Oct 2006
Harvard Business School - Finance Unit, Federal Reserve Bank of New York, Harvard Business School - Finance Unit and Harvard Business School - Finance Unit
Downloads 5,092 (1,603)
Citation 5

Abstract:

Loading...

new ventures, entrepreneurs

Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

NBER Working Paper No. w12592
Number of pages: 42 Posted: 20 Oct 2006 Last Revised: 29 Oct 2014
Harvard Business School - Finance Unit, Federal Reserve Bank of New York, Harvard Business School - Finance Unit and Harvard Business School - Finance Unit
Downloads 208 (158,630)
Citation 7

Abstract:

Loading...

2.

The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking

EFA 2008 Athens Meetings Paper
Number of pages: 60 Posted: 29 Feb 2008 Last Revised: 15 Feb 2018
Victoria Ivashina and Anna Kovner
Harvard University and Federal Reserve Bank of New York
Downloads 3,743 (2,797)
Citation 38

Abstract:

Loading...

Private equity; leveraged buyouts; bank debt; relationship banking

Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion

Harvard Business School Finance Working Paper No. 1420371
Number of pages: 41 Posted: 16 Jun 2009
Harvard University - Business School (HBS), Harvard Business School - Finance Unit, Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 687 (39,628)
Citation 7

Abstract:

Loading...

entrepreneurship, private equity, regional location

Buy Local? the Geography of Successful and Unsuccessful Venture Capital Expansion

NBER Working Paper No. w15102
Number of pages: 42 Posted: 30 Jun 2009 Last Revised: 29 Oct 2014
Harvard University - Business School (HBS), Harvard Business School - Finance Unit, Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 53 (414,854)

Abstract:

Loading...

4.

The Impact of Supervision on Bank Performance

FRB of NY Staff Report No. 768
Number of pages: 82 Posted: 21 Mar 2016 Last Revised: 13 May 2019
Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 343 (94,843)
Citation 5

Abstract:

Loading...

bank supervision, bank regulation, bank performance

5.
Downloads 261 (127,357)
Citation 11

Do Big Banks Have Lower Operating Costs?

Economic Policy Review, Vol. 20, No. 2, pp. 1-27.
Number of pages: 27 Posted: 04 Apr 2014 Last Revised: 21 Jan 2015
Anna Kovner, James I. Vickery and Lily Zhou
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 222 (149,079)
Citation 4

Abstract:

Loading...

banking, economies of scale, too-big-to-fail

Do Big Banks Have Lower Operating Costs?

Journal of Financial Perspectives, Vol. 3, No. 1, 2015
Number of pages: 44 Posted: 04 Dec 2017
Anna Kovner, James I. Vickery and Lily Zhou
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 39 (472,170)

Abstract:

Loading...

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

Number of pages: 51 Posted: 19 Mar 2012
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 175 (185,890)
Citation 5

Abstract:

Loading...

Credit crunch, ABCP freeze, liquidity

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

FRB of New York Staff Report No. 623
Number of pages: 66 Posted: 11 Aug 2013
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 65 (374,524)
Citation 13

Abstract:

Loading...

funding risk and liquidity, global banking, ABCP freeze

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

CEPR Discussion Paper No. DP9457
Number of pages: 63 Posted: 02 May 2013
Viral V. Acharya, Gara Afonso and Anna Kovner
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 4 (701,246)
Citation 1
  • Add to Cart

Abstract:

Loading...

ABCP freeze, credit crunch, liquidity

7.

Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 11 Mar 2010 Last Revised: 05 May 2011
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 233 (142,613)
Citation 11

Abstract:

Loading...

Fed funds, financial crises, liquidity, interbank lending, hoarding

Venture Capital Investment Cycles: The Impact of Public Markets

NBER Working Paper No. w11385
Number of pages: 40 Posted: 04 Jul 2005 Last Revised: 12 Aug 2010
Harvard Business School - Finance Unit, Federal Reserve Bank of New York, Harvard Business School - Finance Unit and Harvard Business School - Finance Unit
Downloads 186 (176,007)
Citation 26

Abstract:

Loading...

Venture Capital Investment Cycles: The Impact of Public Markets

Number of pages: 39 Posted: 21 Oct 2019
Harvard Business School - Finance Unit, Federal Reserve Bank of New York, Harvard Business School - Finance Unit and Harvard Business School - Finance Unit
Downloads 42 (458,706)
Citation 22

Abstract:

Loading...

private equity, initial public offerings, market rationality

9.

Trading Partners in the Interbank Lending Market

FRB of New York Staff Report No. 620
Number of pages: 52 Posted: 19 May 2013
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 224 (148,200)
Citation 49

Abstract:

Loading...

interbank lending, OTC markets

Supervising Large, Complex Financial Institutions: What Do Supervisors Do?

Economic Policy Review, Issue 23-1, pp. 57-77, 2017
Number of pages: 21 Posted: 02 Mar 2017 Last Revised: 16 Dec 2017
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 131 (236,894)

Abstract:

Loading...

bank supervision, large and complex financial companies

Supervising Large, Complex Financial Institutions: What Do Supervisors Do?

FRB of New York Staff Report No. 729
Number of pages: 40 Posted: 31 May 2015
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 73 (351,307)
Citation 6

Abstract:

Loading...

bank supervision, large and complex financial companies

11.
Downloads 162 (198,614)

The Private Premium in Public Bonds

FRB of New York Staff Report No. 553 (revised)
Number of pages: 56 Posted: 09 Mar 2012 Last Revised: 22 Mar 2014
Anna Kovner and Chenyang (Jason) Wei
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 128 (241,242)

Abstract:

Loading...

bonds, private, private equity

The Private Premium in Public Bonds

FRB of Philadelphia Working Paper No. 12-7
Number of pages: 40 Posted: 11 Mar 2012
Anna Kovner and Chenyang (Jason) Wei
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 34 (496,122)

Abstract:

Loading...

Bond prices, interest rates

Do Underwriters Matter? The Impact of the Near Loss of an Equity Underwriter

Number of pages: 51 Posted: 10 Jun 2009 Last Revised: 28 May 2010
Anna Kovner
Federal Reserve Bank of New York
Downloads 92 (304,862)
Citation 2

Abstract:

Loading...

Investment Banking, Financial Crisis, IPOs, Underwriting, Event Study

Do Underwriters Matter? The Impact of the Near Failure of an Equity Underwriter

FRB of New York Staff Report No. 459
Number of pages: 49 Posted: 20 Jul 2010 Last Revised: 08 Feb 2011
Anna Kovner
Federal Reserve Bank of New York
Downloads 70 (359,731)
Citation 1

Abstract:

Loading...

investment banking, financial crisis, IPOs, underwriting, event study

13.

Assessing Financial Stability: The Capital and Loss Assessment under Stress Scenarios (CLASS) Model

FRB of New York Staff Report No. 663
Number of pages: 95 Posted: 12 Feb 2014 Last Revised: 05 Aug 2015
Federal Reserve Bank of New York - Banking Studies Department, Federal Reserve Bank of New York, Federal Reserve Bank of New York and University of Chicago - Department of Economics
Downloads 116 (258,609)
Citation 12

Abstract:

Loading...

capital, bank, stress testing, financial stability

14.

Evaluating the Information in the Federal Reserve Stress Tests

FRB of NY Staff Report No. 744
Number of pages: 51 Posted: 06 Oct 2015 Last Revised: 30 Aug 2017
Mark J. Flannery, Beverly Hirtle and Anna Kovner
University of Florida - Department of Finance, Insurance and Real Estate, Federal Reserve Bank of New York - Banking Studies Department and Federal Reserve Bank of New York
Downloads 110 (268,503)
Citation 11

Abstract:

Loading...

stress test, bank capital, event study

15.

Evaluating Regulatory Reform: Banks’ Cost of Capital and Lending

FRB of New York Staff Report No. 854
Number of pages: 65 Posted: 20 Jun 2018 Last Revised: 20 May 2019
Anna Kovner and Peter Van Tassel
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 106 (275,543)
Citation 1

Abstract:

Loading...

cost of capital, beta, bank regulation, Dodd-Frank Act, banks

Doing Well by Doing Good? Community Development Venture Capital

FRB of New York Staff Report No. 572
Number of pages: 39 Posted: 22 Sep 2012
Anna Kovner and Josh Lerner
Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 91 (306,972)
Citation 3

Abstract:

Loading...

community development, venture capital

Doing Well by Doing Good? Community Development Venture Capital

Journal of Economics & Management Strategy, Vol. 24, Issue 3, pp. 643-663, 2015
Number of pages: 21 Posted: 29 Jul 2015
Anna Kovner and Josh Lerner
Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 1 (735,614)
  • Add to Cart

Abstract:

Loading...

17.

Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis

FRB of New York Staff Report No. 909, January 2020
Number of pages: 42 Posted: 23 Jan 2020 Last Revised: 26 Jun 2020
Thomas M. Eisenbach, Anna Kovner and Michael Lee
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 45 (437,559)
Citation 2

Abstract:

Loading...

cyber, banks, networks, payments

The Market Events of Mid-September 2019

FRB of New York Staff Report No. 918 (2020)
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 44 (450,055)

Abstract:

Loading...

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

The Market Events of Mid-September 2019

CEPR Discussion Paper No. DP14467
Number of pages: 33 Posted: 25 Mar 2020
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - 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
  • Add to Cart

Abstract:

Loading...

central bank reserves, Federal funds market, Monetary policy implementation, regulation, repo market

19.

Stressed Not Frozen: The Fed Funds Market in the Financial Crisis

NBER Working Paper No. w15806
Number of pages: 60 Posted: 15 Mar 2010 Last Revised: 10 Sep 2010
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 39 (462,187)
Citation 1

Abstract:

Loading...

20.

Evaluating the Quality of Fed Funds Lending Estimates Produced from Fedwire Payments Data

FRB of New York Staff Report No. 629
Number of pages: 33 Posted: 02 Oct 2013
Anna Kovner and David R. Skeie
Federal Reserve Bank of New York and University of Warwick - Warwick Business School
Downloads 21 (556,542)
Citation 15

Abstract:

Loading...

federal funds market, Y-9C, data quality, interbank loans, fed funds, Fedwire

21.

Specialization and Success: Evidence from Venture Capital

Journal of Economics & Management Strategy, Vol. 18, Issue 3, pp. 817-844, Fall 2009
Number of pages: 28 Posted: 13 Oct 2009
Paul A. Gompers, Anna Kovner and Josh Lerner
Harvard Business School - Finance Unit, Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 6 (656,804)
Citation 8
  • Add to Cart

Abstract:

Loading...

22.

Macroprudential Policy: Results from a Tabletop Exercise

FRB of Cleveland Working Paper No. 19-11, May 2019
Number of pages: 31 Posted: 17 Jul 2019
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Cleveland, Federal Reserve Bank of Chicago - Economic Research, Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 3 (679,373)

Abstract:

Loading...

financial stability, macroprudential policy, monetary policy

23.

Relationships Matter: The Importance of Relationships in the Fed Funds Market

Posted: 19 Mar 2011 Last Revised: 25 Oct 2011
Gara Afonso, Anna Kovner and Antoinette Schoar
Federal Reserve Bank of New York, Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...