Craig Furfine

Kellogg School of Management - Department of Finance

Clinical Professor of Finance

Evanston, IL 60208

United States

  • Kellogg School of Management - Department of Finance

SCHOLARLY PAPERS

18

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SSRN CITATIONS
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Top 7,305

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159

CROSSREF CITATIONS

55

Scholarly Papers (18)

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1.

Are Credit Ratings Procyclical?

Bank for International Settlements Working Paper No. 129
Number of pages: 52 Posted: 13 Dec 2005
Jeffery D. Amato and Craig Furfine
Goldman Sachs International and Kellogg School of Management - Department of Finance
Downloads 1,132 (32,294)
Citation 65

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rating agencies, business cycles, credit risk

2.

Interbank Exposures: Quantifying the Risk of Contagion

BIS Working Paper No. 70
Number of pages: 19 Posted: 13 Jul 1999
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 743 (57,784)
Citation 51

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3.

Evidence on the Response of Us Banks to Changes in Capital Requirements

BIS Working Paper No. 88
Number of pages: 32 Posted: 16 Nov 2000
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 721 (60,155)
Citation 20

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Capital requirements, Basel Accord

4.

Mergers Increase Default Risk

Number of pages: 33 Posted: 17 Mar 2006 Last Revised: 14 Mar 2012
Craig Furfine and Richard J. Rosen
Kellogg School of Management - Department of Finance and Federal Reserve Bank of Chicago - Economic Research
Downloads 675 (65,580)
Citation 25

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mergers, default risk, EDF

5.

The Costs and Benefits of Moral Suasion: Evidence from the Rescue of Long-Term Capital Management

Downloads 484 (99,254)
Citation 15

The Costs and Benefits of Moral Suasion: Evidence from the Rescue of Long-Term Capital Management

BIS Working Paper No. 103; FRB Chicago Working Paper No. 2002-11
Number of pages: 29 Posted: 13 Dec 2005
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 484 (98,248)
Citation 15

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Long Term Capital Management, Market Discipline, Hedge Funds, Too-big-to-fail

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LTCM, Long-Term Capital Management, too-big-to-fail, interbank markets, federal funds

6.

Futures Market Liquidity During the Financial Crisis

Number of pages: 45 Posted: 14 Sep 2009 Last Revised: 13 Sep 2012
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 419 (117,643)
Citation 10

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liquidity, financial crisis, futures markets

7.

Price Discovery in a Market Under Stress: The U.S. Treasury Market in Fall 1998

EFA 2003 Annual Conference Paper No. 558, FRB Chicago Working Paper No. 2005-06
Number of pages: 49 Posted: 06 Aug 2003
Craig Furfine and Eli M. Remolona
Kellogg School of Management - Department of Finance and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 294 (173,339)
Citation 5

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price discovery, liquidity, depth, market makers, treasury

8.

Interbank Payments and the Daily Federal Funds Rate

Downloads 276 (185,026)
Citation 2

Interbank Payments and the Daily Federal Funds Rate

Number of pages: 22 Posted: 09 Oct 1998
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 276 (184,078)
Citation 2

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Federal funds rate, payments, reserve requirements, bank reserves, reserve management

9.

Complexity and Loan Performance: Evidence from the Securitization of Commercial Mortgages

Review of Corporate Finance Studies 2014, vol. 2 no. 2, pp. 154-187
Number of pages: 52 Posted: 04 Nov 2010 Last Revised: 30 Aug 2014
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 266 (192,007)
Citation 14

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complexity, securitization, CMBS

10.

The Impact of Risk Retention Regulation on the Underwriting of Securitized Mortgages

Number of pages: 47 Posted: 12 Feb 2018 Last Revised: 22 Jun 2018
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 223 (228,091)
Citation 4

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Dodd-Frank, Securitization, Risk retention, Mortgages, CMBS

11.

The Price of Risk at Year-End: Evidence from Interbank Lending

BIS Working Paper No. 76
Number of pages: 25 Posted: 13 Oct 1999
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 159 (308,127)
Citation 3

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12.

Earnings Announcements, Private Information, and Liquidity

Economic Perspectives, 2006
Number of pages: 16 Posted: 08 Mar 2006
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 123 (377,214)

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earnings announcements, liquidity, price impact, Information and Market Efficiency, Event Studies

13.

When is Inter-Transaction Time Informative?

Number of pages: 54 Posted: 31 Jul 2003
Craig Furfine
Kellogg School of Management - Department of Finance
Downloads 98 (443,664)
Citation 4

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14.

Standing Facilities and Interbank Borrowing: Evidence from the Federal Reserve's New Discount Window

International Finance, Vol. 6, No. 3, pp. 329-348, 2003, FRB Chicago Working Paper No. 2004-01
Posted: 28 Jan 2004
Craig Furfine
Kellogg School of Management - Department of Finance

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Discount loans, primary credit, discount window

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Discount window, special lending facility, federal funds market

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Credit crunch, capital requirements, bank portfolio allocation, Basel Accord

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18.

Analyzing Alternative Intraday Credit Policies in Real-Time Gross Settlement Systems

Posted: 09 Jun 1998
Craig Furfine and Jeff Stehm
Kellogg School of Management - Department of Finance and Government of the United States of America - Division of Reserve Bank Operations and Payment Systems

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