Alexandros Vardoulakis

Board of Governors of the Federal Reserve System

Principal Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

17

DOWNLOADS
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SSRN RANKINGS

Top 15,556

in Total Papers Downloads

3,371

SSRN CITATIONS
Rank 5,293

SSRN RANKINGS

Top 5,293

in Total Papers Citations

74

CROSSREF CITATIONS

150

Scholarly Papers (17)

1.

Minsky’s Financial Instability Hypothesis and the Leverage Cycle

London School of Economics FMG Special Paper
Number of pages: 44 Posted: 02 Mar 2011 Last Revised: 06 Dec 2011
London School of Economics, University of Oxford - Said Business School and St. Edmund Hall, London School of Economics & Political Science (LSE) - Financial Markets Group and Board of Governors of the Federal Reserve System
Downloads 872 (28,959)
Citation 20

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Financial Instability, Minsky, Leverage, Optimism, Relative Performance

2.
Downloads 766 ( 34,772)
Citation 17

Financial Regulation in General Equilibrium

Chicago Booth Research Paper No. 12-11
Number of pages: 50 Posted: 06 Mar 2012 Last Revised: 04 Apr 2013
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 545 (53,900)

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Financial Regulation in General Equilibrium

NBER Working Paper No. w17909
Number of pages: 51 Posted: 10 Mar 2012
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 124 (247,231)
Citation 2

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Financial Regulation in General Equilibrium

Banque de France Working Paper No. 372
Number of pages: 53 Posted: 05 Apr 2012
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 97 (294,796)
Citation 1

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Price setting, changeover, euro, inflation

3.

Principles for Macroprudential Regulation

Chicago Booth Research Paper No. 14-19
Number of pages: 10 Posted: 01 Jul 2014
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 245 (135,870)
Citation 1

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4.
Downloads 212 (156,215)
Citation 1

Collateral Runs

Number of pages: 59 Posted: 16 Jan 2018 Last Revised: 30 Jan 2019
Sebastian Infante and Alexandros Vardoulakis
Federal Reserve Board - Division of Monetary Affairs and Board of Governors of the Federal Reserve System
Downloads 183 (178,763)
Citation 1

Abstract:

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runs, repo, rehypothecation, dealer, liquidity, default, collateral

Collateral Runs

FEDS Working Paper No. 2018-022
Number of pages: 55 Posted: 06 Jun 2018 Last Revised: 29 Apr 2020
Sebastian Infante and Alexandros Vardoulakis
Federal Reserve Board - Division of Monetary Affairs and Board of Governors of the Federal Reserve System
Downloads 29 (523,681)

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Dealer, Collateral, Default, Liquidity, Rehypothecation, Repo, Runs

Capital Regulation in a Macroeconomic Model with Three Layers of Default

Banque de France Working Paper No. 533
Number of pages: 63 Posted: 03 Jan 2015
Banque de France, Czech National Bank (CNB) - Monetary Department, Bank of Portugal, Deutsche Bundesbank - Research Centre, European Central Bank (ECB), European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 175 (186,063)
Citation 72

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Macroprudential policy; Financial frictions; Default risk

Capital Regulation in a Macroeconomic Model with Three Layers of Default

ECB Working Paper No. 1827
Number of pages: 60 Posted: 11 Jul 2015
Banque de France, Czech National Bank (CNB) - Monetary Department, Bank of Portugal, Deutsche Bundesbank - Research Centre, European Central Bank (ECB), European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 37 (481,793)

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Default risk; Financial frictions; Macroprudential policy

Optimal Bank Regulation in the Presence of Credit and Run Risk

FEDS Working Paper No. 2017-097
Number of pages: 66 Posted: 26 Sep 2017
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 102 (285,092)

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Bank runs, Capital, Credit risk, Limited liability, Liquidity, Regulation

Optimal Bank Regulation in the Presence of Credit and Run Risk

Saïd Business School WP 2017-17
Number of pages: 66 Posted: 06 Oct 2017
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 98 (292,808)
Citation 4

Abstract:

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Bank Runs, Credit Risk, Limited Liability, Regulation, Capital, Liquidity

Optimal Bank Regulation in the Presence of Credit and Run-Risk

NBER Working Paper No. w26689
Number of pages: 96 Posted: 28 Jan 2020
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 8 (670,598)
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How Does Macroprudential Regulation Change Bank Credit Supply?

Chicago Booth Research Paper No. 14-18
Number of pages: 52 Posted: 01 Jul 2014 Last Revised: 18 Feb 2017
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 171 (189,865)
Citation 2

Abstract:

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Risk taking, Limited Liability, Bank Runs, Regulation, Capital, Liquidity

How Does Macroprudential Regulation Change Bank Credit Supply?

NBER Working Paper No. w20165
Number of pages: 51 Posted: 02 Jun 2014
Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 16 (610,567)

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8.
Downloads 160 (200,895)
Citation 2

The Non-Bank Credit Cycle

Number of pages: 33 Posted: 08 Aug 2018 Last Revised: 21 Oct 2018
Esti Kemp, René van Stralen, Alexandros Vardoulakis and Peter Wierts
Government of the Republic of South Africa - South African Reserve Bank, De Nederlandsche Bank, Board of Governors of the Federal Reserve System and De Nederlandsche Bank
Downloads 112 (266,669)
Citation 1

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non-bank credit, credit cycle, leading indicator, financial crisis

The Non-Bank Credit Cycle

FEDS Working Paper No. 2018-076
Number of pages: 35 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Esti Kemp, René van Stralen, Alexandros Vardoulakis and Peter Wierts
Government of the Republic of South Africa - South African Reserve Bank, De Nederlandsche Bank, Board of Governors of the Federal Reserve System and De Nederlandsche Bank
Downloads 48 (434,122)
Citation 1

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Credit cycle, Financial crisis, Leading indicator, Non-bank credit

Secondary Market Liquidity and the Optimal Capital Structure

FEDS Working Paper No. 2015-031
Number of pages: 68 Posted: 31 May 2015
David M. Arseneau, David E Rappoport W and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 84 (323,290)

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Capital structure, Market liquidity, Quantitiative easing, Secondary markets

Secondary Market Liquidity and the Optimal Capital Structure

Number of pages: 69 Posted: 16 Apr 2015 Last Revised: 19 May 2016
David M. Arseneau, David E Rappoport W and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 61 (387,439)
Citation 1

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Market liquidity, secondary markets, capital structure, quantitative easing

10.

On the Limitations of Monetary Policy

Number of pages: 59 Posted: 07 Nov 2011
Udara Peiris and Alexandros Vardoulakis
National Research University Higher School of Economics - International College of Economics and Finance and Board of Governors of the Federal Reserve System
Downloads 99 (288,884)

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monetary policy, inflation, collateral

11.

Debt Deflation Effects of Monetary Policy

FEDS Working Paper No. 2014-37
Number of pages: 39 Posted: 23 May 2014 Last Revised: 18 Jun 2015
Li Lin, Dimitrios P. Tsomocos and Alexandros Vardoulakis
International Monetary Fund (IMF), University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 81 (327,541)
Citation 3

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Default, collateral, debt deflation

12.

Savings and Default

Number of pages: 50 Posted: 07 Nov 2011
Udara Peiris and Alexandros Vardoulakis
National Research University Higher School of Economics - International College of Economics and Finance and Board of Governors of the Federal Reserve System
Downloads 80 (329,940)

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Uninsurable Risk, Credit, Default, Endogenous Contracts, Precautionary Savings

13.

Private and Public Liquidity Provision in Over-the-Counter Markets

FEDS Working Paper No. 2017-033
Number of pages: 72 Posted: 03 Apr 2017
David M. Arseneau, David E Rappoport W and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 44 (441,865)

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Liquidity provision, Market liquidity, Over-the-counter markets, OTC, Quantitative easing, Quantitative tightening, Monetary policy normalization

14.

On Default and Uniqueness of Monetary Equilibria

FEDS Working Paper No. 2015-034
Number of pages: 31 Posted: 26 Jul 2015
Li Lin, Dimitrios P. Tsomocos and Alexandros Vardoulakis
International Monetary Fund (IMF), University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 25 (532,421)
Citation 2

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Collateral, Default, Determinacy, Liquid wealth, Monetary policy

15.

Optimal Macroprudential Policy and Asset Price Bubbles

IMF Working Paper No. 19/184
Number of pages: 45 Posted: 23 Sep 2019
Nina Biljanovska, Lucyna Górnicka and Alexandros Vardoulakis
International Monetary Fund (IMF), IMF and Board of Governors of the Federal Reserve System
Downloads 18 (576,062)

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Economic conditions, Financial crises, Demand, Economic stabilization, Price indexes, Collateral constraints, rational bubbles, macroprudential regulation, optimal policy, WP, asset price bubble, overvaluation, asset price, Euler equation, bubble

16.

Capital Taxation with Heterogeneous Discounting and Collateralized Borrowing

FEDS Working Paper No. 2017-053
Number of pages: 27 Posted: 22 May 2017
Nina Biljanovska and Alexandros Vardoulakis
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 14 (602,054)

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Ramsey taxation, Collateral constraint, Heterogeneous discount factors, Tax on capital

17.

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 (680,252)

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financial stability, macroprudential policy, monetary policy