Nellie Liang

Federal Reserve Board

Capital Markets Section

20th & C. St., N.W.

Washington, DC 20551

United States

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 4,425

SSRN RANKINGS

Top 4,425

in Total Papers Downloads

7,656

CITATIONS
Rank 1,528

SSRN RANKINGS

Top 1,528

in Total Papers Citations

367

Scholarly Papers (15)

1.

The Evolution of a Financial Crisis: Collapse of the Asset-Backed Commercial Paper Market

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 22 Mar 2009 Last Revised: 12 Apr 2012
Daniel M. Covitz, Nellie Liang and Gustavo Suarez
Federal Reserve Board - Division of Research & Statistics, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 1,366 (9,196)
Citation 33

Abstract:

Commercial paper, asset-backed commercial paper, bank runs, financial crisis

2.

Good News and Bad News about Share Repurchases

FEDS Paper No. 98-4
Number of pages: 28 Posted: 09 Aug 1998
George W. Fenn and Nellie Liang
Cambridge Finance Partners and Federal Reserve Board
Downloads 1,133 (12,443)
Citation 9

Abstract:

3.

Corporate Payout Policy and Managerial Stock Incentives

FEDS Working Paper
Number of pages: 35 Posted: 04 Apr 2000
George W. Fenn and Nellie Liang
Cambridge Finance Partners and Federal Reserve Board
Downloads 828 (20,202)
Citation 148

Abstract:

Dividends, share repurchases, executive stock options, stock incentives

4.

Share Repurchases and Employee Stock Options and their Implications for S&P 500 Share Retirements and Expected Returns

Board of Governors of the Federal Reserve System Finance and Economics Working Paper No. 99-59
Number of pages: 20 Posted: 01 Mar 2000
Nellie Liang and Steven A. Sharpe
Federal Reserve Board and Federal Reserve Board - Research & Statistics
Downloads 687 (27,761)
Citation 19

Abstract:

Share repurchases, stock options, expected returns

5.

How Did the 2003 Dividend Tax Cut Affect Stock Prices and Corporate Payout Policy?

FEDs Working Paper No. 2005-57
Number of pages: 28 Posted: 05 Jan 2006
Federal Reserve Bank of Chicago, Federal Reserve Board - Division of Research & Statistics, Federal Reserve Board and Federal Reserve Board - Research & Statistics
Downloads 593 (35,323)
Citation 2

Abstract:

Dividends, capital taxation, share repurchases, executive compensation

Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut

AFA 2006 Boston Meetings Paper, FEDS Working Paper No. 2006-14
Number of pages: 65 Posted: 15 Dec 2004
University of Illinois at Urbana-Champaign - Department of Finance, Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 466 (49,128)
Citation 49

Abstract:

Payout policy, Dividends, Share Repurchases, Executive Ownership

Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut

NBER Working Paper No. w11002
Number of pages: 44 Posted: 20 Jul 2006 Last Revised: 26 Jul 2010
University of Illinois at Urbana-Champaign - Department of Finance, Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 54 (323,989)
Citation 49

Abstract:

7.

Who Benefits from a Bull Market? An Analysis of Employee Stock Option Grants and Stock Prices

FEDS Working Paper No. 2001-57
Number of pages: 43 Posted: 17 Aug 2001
Nellie Liang and Scott J. Weisbenner
Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 437 (52,527)
Citation 5

Abstract:

Employee stock options, pay-for-performance, executive compensation

Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401(K) Plans

NBER Working Paper No. w13169
Number of pages: 44 Posted: 27 Jun 2007
University of Illinois at Urbana-Champaign - Department of Finance, Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 83 (255,351)
Citation 22

Abstract:

Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 31 Aug 2014 Last Revised: 25 Mar 2015
Antonio Falato and Nellie Liang
Federal Reserve Board and Federal Reserve Board
Downloads 328 (75,065)
Citation 1

Abstract:

real effects of financing, labor and finance, financial frictions over the business cycle

Do Creditor Rights Increase Employment Risk? Evidence from Debt Covenants

FEDS Working Paper No. 2012-42
Number of pages: 52 Posted: 18 Dec 2012
Antonio Falato and Nellie Liang
Federal Reserve Board and Federal Reserve Board
Downloads 63 (299,520)
Citation 1

Abstract:

covenant violations, employment

Investor Behavior and the Purchase of Company Stock in 401(k) Plans - The Importance of Plan Design

FEDS Working Paper No. FEDS2002-36; AFA 2003 Washington, DC Meetings
Number of pages: 47 Posted: 20 Oct 2002
Nellie Liang and Scott J. Weisbenner
Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 309 (80,309)
Citation 31

Abstract:

401(k) plan, company stock, behavioral finance, inertia, portfolio choice

Investor Behavior and the Purchase of Company Stock in 401(K) Plans - the Importance of Plan Design

NBER Working Paper No. w9131
Number of pages: 64 Posted: 30 Aug 2002
Nellie Liang and Scott J. Weisbenner
Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 69 (285,076)
Citation 31

Abstract:

Monetary Policy, Financial Conditions, and Financial Stability

FRB of New York Staff Report No. 690
Number of pages: 38 Posted: 13 Sep 2014
Tobias Adrian and Nellie Liang
International Monetary Fund and Federal Reserve Board
Downloads 313 (79,191)
Citation 30

Abstract:

risk-taking channel of monetary policy, monetary policy transmission, monetary policy rules, financial stability, financial conditions, macroprudential policy

Monetary Policy, Financial Conditions, and Financial Stability

CEPR Discussion Paper No. DP11394
Number of pages: 45 Posted: 18 Jul 2016
Tobias Adrian and Nellie Liang
International Monetary Fund and Federal Reserve Board
Downloads 0
Citation 30
  • Add to Cart

Abstract:

financial conditions, financial stability, leaning against the wind, macroprudential policy, monetary policy rules, monetary policy transmission, risk taking channel of monetary policy

401(k) Matching Contributions in Company Stock: Costs and Benefits for Firms and Workers

Number of pages: 55 Posted: 30 Mar 2004
University of Illinois at Urbana-Champaign - Department of Finance, Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 192 (131,992)
Citation 14

Abstract:

Pension, 401(k) plan, ESOP, company stock, match policy

401(K) Matching Contributions in Company Stock: Costs and Benefits for Firms and Workers

NBER Working Paper No. w10419
Number of pages: 56 Posted: 21 Apr 2004
University of Illinois at Urbana-Champaign - Department of Finance, Federal Reserve Board and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 84 (253,389)
Citation 14

Abstract:

13.
Downloads 274 ( 92,546)

Financial Stability Monitoring

FEDS Working Paper No. 2013-21
Number of pages: 58 Posted: 10 May 2013
Tobias Adrian, Daniel M. Covitz and Nellie Liang
International Monetary Fund, Federal Reserve Board - Division of Research & Statistics and Federal Reserve Board
Downloads 221 (115,062)

Abstract:

Stability, monitoring, vulnerabilities

Financial Stability Monitoring

FRB of New York Staff Report No. 601
Number of pages: 58 Posted: 02 Mar 2013
Tobias Adrian, Daniel M. Covitz and Nellie Liang
International Monetary Fund, Federal Reserve Board - Division of Research & Statistics and Federal Reserve Board
Downloads 53 (326,945)

Abstract:

financial stability, systemic risk

Financial Stability Monitoring

Annual Review of Financial Economics, Vol. 7, pp. 357-395, 2015
Posted: 11 Dec 2015
Tobias Adrian, Daniel M. Covitz and Nellie Liang
International Monetary Fund, Federal Reserve Board - Division of Research & Statistics and Federal Reserve Board

Abstract:

14.

Initial Public Offerings in Hot and Cold Markets

Journal of Financial and Quantitative Analysis, Vol. 39, p. 541, September 2004
Posted: 06 Oct 2004
Jean Helwege and Nellie Liang
UC Riverside and Federal Reserve Board

Abstract:

15.

Is There a Pecking Order? Evidence from a Panel of IPO Firms

94-22
Posted: 20 Dec 1998
Jean Helwege and Nellie Liang
UC Riverside and Federal Reserve Board

Abstract: