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

24

DOWNLOADS
Rank 18,249

SSRN RANKINGS

Top 18,249

in Total Papers Downloads

4,014

SSRN CITATIONS
Rank 5,029

SSRN RANKINGS

Top 5,029

in Total Papers Citations

106

CROSSREF CITATIONS

160

Scholarly Papers (24)

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 968 (34,210)
Citation 24

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Financial Instability, Minsky, Leverage, Optimism, Relative Performance

2.
Downloads 786 ( 45,535)
Citation 17

Financial Regulation in General Equilibrium

Chicago Booth Research Paper No. 12-11, Fama-Miller Working Paper
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 552 (71,207)

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Financial Regulation in General Equilibrium

NBER Working Paper No. w17909
Number of pages: 51 Posted: 10 Mar 2012 Last Revised: 09 Jun 2022
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 129 (309,148)
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 105 (358,427)
Citation 1

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Price setting, changeover, euro, inflation

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, European Central Bank (ECB) - Directorate General Research, 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 205 (209,568)
Citation 86

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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, European Central Bank (ECB) - Directorate General Research, 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 87 (404,805)
Citation 1

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Default risk; Financial frictions; Macroprudential policy

4.
Downloads 278 (156,317)
Citation 7

Collateral Runs

Number of pages: 59 Posted: 16 Jan 2018 Last Revised: 30 Jan 2019
Sebastian Infante and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 243 (178,073)
Citation 6

Abstract:

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

Collateral Runs

FEDS Working Paper No. 2018-22
Number of pages: 55 Posted: 06 Jun 2018 Last Revised: 29 Apr 2020
Sebastian Infante and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 35 (623,335)
Citation 1

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5.

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 269 (161,759)
Citation 1

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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 123 (320,279)
Citation 3

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

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 108 (351,583)

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

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

NBER Working Paper No. w26689
Number of pages: 96 Posted: 28 Jan 2020 Last Revised: 05 Jun 2022
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 18 (754,496)
Citation 1

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7.
Downloads 210 (205,159)
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
University of Cape Town (UCT), Students, De Nederlandsche Bank, Board of Governors of the Federal Reserve System and De Nederlandsche Bank
Downloads 131 (305,538)
Citation 1

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

The Non-Bank Credit Cycle

FEDS Working Paper No. 2018-76
Number of pages: 35 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Esti Kemp, René van Stralen, Alexandros Vardoulakis and Peter Wierts
University of Cape Town (UCT), Students, De Nederlandsche Bank, Board of Governors of the Federal Reserve System and De Nederlandsche Bank
Downloads 79 (429,015)
Citation 1

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credit cycles, Financial crisis, leading indicators, Non-bank credit

How Does Macroprudential Regulation Change Bank Credit Supply?

Chicago Booth Research Paper No. 14-18, Saïd Business School WP 2014-6
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 183 (231,961)
Citation 2

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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 Last Revised: 06 Feb 2022
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 18 (754,496)

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Secondary Market Liquidity and the Optimal Capital Structure

FEDS Working Paper No. 2015-31
Posted: 09 Jul 2021 Last Revised: 23 Jun 2022
David M. Arseneau, David E. Rappoport and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System

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Capital structure, market liquidity, quantitative easing, secondary markets

Secondary Market Liquidity and the Optimal Capital Structure

FEDS Working Paper No. 2015-031, http://dx.doi.org/10.17016/FEDS.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, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 111 (344,912)

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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, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 64 (481,473)
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 107 (351,557)

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monetary policy, inflation, collateral

11.

Debt Deflation Effects of Monetary Policy

FEDS Working Paper No. 2014-37, Saïd Business School WP 2014-7
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 87 (401,061)
Citation 3

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Default, collateral, debt deflation

12.
Downloads 83 (412,418)
Citation 1

Banks, Non Banks, and Lending Standards

FEDS Working Paper No. 2020-86
Number of pages: 52 Posted: 13 Oct 2020
Matthew Darst, Ehraz Refayet and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury and Board of Governors of the Federal Reserve System
Downloads 50 (541,819)
Citation 1

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Banks, Non banks, and Lending Standards

Number of pages: 51 Posted: 10 Nov 2020
Matthew Darst, Ehraz Refayet and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury and Board of Governors of the Federal Reserve System
Downloads 33 (636,119)

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lending standards, credit cycles, asymmetric information, non-banks, regulation

13.

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 83 (412,418)

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

14.

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

FEDS Working Paper No. 2017-33
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, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (536,779)

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15.

A Macroprudential Perspective on the Regulatory Boundaries of U.S. Financial Assets

FEDS Working Paper No. 2022-2
Number of pages: 26 Posted: 21 Jan 2022
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Independent, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 44 (560,593)

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Regulation, Regulatory reach, Boundary problem, Financial institutions

16.

Optimal Macroprudential Policy and Asset Price Bubbles

IMF Working Paper No. 19/184
Number of pages: 52 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 36 (603,108)

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WP, marginal utility, real asset, transition probability, Collateral constraints, rational bubbles, macroprudential regulation, optimal policy, asset price bubble, collateral constraint, credit imbalance, equilibrium asset pricing, bubble component, Collateral, Asset bubbles, Asset prices, Credit, C

17.

On Default and Uniqueness of Monetary Equilibria

FEDS Working Paper No. 2015-034, http://dx.doi.org/10.17016/FEDS.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 29 (646,151)
Citation 5

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Collateral, Default, Determinacy, Liquid wealth, Monetary policy

18.

Financial Amplification of Labor Supply Shocks

IMF Working Paper No. 20/189
Number of pages: 35 Posted: 30 Oct 2020
Nina Biljanovska and Alexandros Vardoulakis
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 19 (721,786)

Abstract:

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Labor supply, Collateral, Labor taxes, Supply shocks, Labor, WP, graphic tag0, inline-graphic tag0, utility function, math xmlns, quantitative analysis

Sudden Stops and Optimal Policy in a Two-Agent Economy

Number of pages: 52 Posted: 04 Jul 2022
Nina Biljanovska and Alexandros Vardoulakis
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 9 (845,586)

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Sudden Stops, agent heterogeneity, macroprudential policy, payroll tax policy

Sudden Stops and Optimal Policy in a Two-Agent Economy

IMF Working Paper No. 2022/147
Number of pages: 54 Posted: 02 Aug 2022
Nina Biljanovska and Alexandros Vardoulakis
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 7 (868,428)

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Sudden Stops, agent heterogeneity, macroprudential policy, payroll tax policy

20.

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 15 (756,167)

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

21.

Designing a Main Street Lending Facility

FEDS Working Paper No. 2020-052
Number of pages: 24 Posted: 16 Jul 2020
Alexandros Vardoulakis
Board of Governors of the Federal Reserve System
Downloads 11 (794,319)

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Main Street, Central bank lending facilities, Monitoring, Small business, Sufficient statistics, COVID-19

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 Board of Governors of the Federal Reserve System
Downloads 7 (835,809)

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financial stability, macroprudential policy, monetary policy

23.

Lessons from the History of the U.S. Regulatory Perimeter

FEDS Notes No. 2021-10-15-1
Posted: 19 Nov 2021
Board of Governors of the Federal Reserve System, Independent, Independent, Independent, Independent, Independent, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve, Independent, University of Michigan Law School, Independent, Independent, Independent, Board of Governors of the Federal Reserve System, Independent and Independent

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24.

Monitoring Risk From Collateral Runs

FEDS Notes No. 2020-07-31-2
Posted: 21 Aug 2020
Sebastian Infante and Alexandros Vardoulakis
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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