default author photo

Leonardo Elias

Federal Reserve Banks - Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

11

DOWNLOADS

1,029

TOTAL CITATIONS

5

Scholarly Papers (11)

1.

The Global Credit Cycle

FRB of New York Staff Report No. 1094. Rev. May 2026, https://doi.org/10.59576/sr.1094
Number of pages: 84 Posted: 03 Apr 2024 Last Revised: 19 May 2026
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 315 (241,719)
Citation 1

Abstract:

Loading...

global financial cycle, corporate bond returns, credit risk premia, global fund flows

2.

Corporate Credit Conditions Around the World: Novel Facts Through Holistic Data

FRB of New York Staff Report No. 1074, Rev. December 2024. Previous title: “The Good, the Bad, and the Ugly of International Debt Market Data,” https://doi.org/10.59576/sr.1074
Number of pages: 91 Posted: 09 Oct 2023 Last Revised: 04 Dec 2024
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 202 (384,172)

Abstract:

Loading...

corporate credit conditions, corporate bonds, multinational firms, primary and secondary market spreads, prepayment

3.

Corporate Credit Provision

FRB of New York Staff Report No. 895, Rev. September 2023, WBS Finance Group Research Paper
Number of pages: 63 Posted: 15 Aug 2019 Last Revised: 27 Sep 2023
Nina Boyarchenko, Leonardo Elias and Philippe Mueller
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Warwick Business School Finance Group
Downloads 145 (511,933)
Citation 1

Abstract:

Loading...

intermediated credit, leverage cycles, corporate bonds

4.

Corporate Debt Structure over the Global Credit Cycle

FRB of New York Staff Report No. 1139, https://doi.org/10.59576/sr.1139
Number of pages: 63 Posted: 06 Dec 2024
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 136 (540,814)

Abstract:

Loading...

active debt management, global credit cycle, prepayment, debt structure

5.

Financing Private Credit

FRB of New York Staff Report No. 1111, https://doi.org/10.59576/sr.1111
Number of pages: 69 Posted: 05 Aug 2024
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 121 (600,462)
Citation 3

Abstract:

Loading...

intermediated credit, leverage cycles, corporate bonds

6.

The Nonlinear Case Against Leaning Against the Wind

FRB of New York Staff Report No. 1100, https://doi.org/10.59576/sr.1100
Number of pages: 32 Posted: 03 May 2024
Federal Reserve Banks - 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 Banks - Federal Reserve Bank of New York and Central Bank of Argentina
Downloads 110 (649,907)

Abstract:

Loading...

monetary policy, financial stability, leaning against the wind

7.

The Global Credit Cycle in Corporate Bond Returns

Liberty Street Economics, https://doi.org/10.59576/lse.20260519
Posted: 19 May 2026
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

Loading...

global financial cycle, credit cycles, corporate bond returns

8.

Who Lends to Households and Firms?

Liberty Street Economics
Posted: 15 Jul 2025
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

Loading...

real sector lending, financial networks, NBFIs, intermediated credit

9.

Who Finances Real Sector Lenders?

Liberty Street Economics
Posted: 12 May 2025
Nina Boyarchenko, Hyuntae Choi and Leonardo Elias
Federal Reserve Banks - 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

Abstract:

Loading...

real sector lending, financial networks, Nonbank (NBFI), intermediated credit

10.

The Disparate Outcomes of Bank and Nonbank Financed Private Credit Expansions

Liberty Street Economics
Posted: 21 Aug 2024
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

Loading...

intermediated credit, credit expansion, predictable financial crises

11.

The Changing Landscape of Corporate Credit

Liberty Street Economics
Posted: 23 May 2024
Nina Boyarchenko and Leonardo Elias
Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

Loading...

corporate credit, bond market conditions, debt maturity