Craig Furfine

Kellogg School of Management - Department of Finance

Clinical Professor of Finance

Evanston, IL 60208

United States

SCHOLARLY PAPERS

18

DOWNLOADS
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Top 9,208

in Total Papers Downloads

4,929

CITATIONS
Rank 2,381

SSRN RANKINGS

Top 2,381

in Total Papers Citations

201

Scholarly Papers (18)

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
Downloads 1,069 (19,287)
Citation 92

Abstract:

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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
Downloads 679 (36,709)
Citation 178

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3.
Downloads 623 (41,143)
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 577 (45,555)
Citation 19

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mergers, default risk, EDF

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
Downloads 449 (61,849)
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
Downloads 347 (84,705)
Citation 44

Abstract:

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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 260 (115,829)
Citation 5

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price discovery, liquidity, depth, market makers, treasury

8.
Downloads 233 (129,574)
Citation 4

Interbank Payments and the Daily Federal Funds Rate

Federal Reserve Board FEDS Paper No. 98-31
Number of pages: 22 Posted: 09 Oct 1998
Craig Furfine
Downloads 233 (129,068)
Citation 4

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Interbank Payments and the Daily Federal Funds Rate

Journal of Monetary Economics, Vol. 46, No. 2, October 2000
Posted: 17 Jul 2000
Craig Furfine

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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
Downloads 229 (131,735)
Citation 16

Abstract:

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complexity, securitization, CMBS

10.

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
Downloads 141 (202,924)
Citation 2

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11.
Downloads 136 (210,147)

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

12.

Earnings Announcements, Private Information, and Liquidity

Economic Perspectives, 2006
Number of pages: 16 Posted: 08 Mar 2006
Craig Furfine
Downloads 109 (246,698)

Abstract:

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

13.

When is Inter-Transaction Time Informative?

FRB of Chicago Working Paper No. 2003-04
Number of pages: 54 Posted: 31 Jul 2003
Craig Furfine
Downloads 77 (308,068)
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

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Discount loans, primary credit, discount window

15.

The Reluctance to Borrow from the Fed

Economics Letters, Vol. 72, No. 2
Posted: 24 Aug 2001
Craig Furfine

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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

Journal of Money, Credit, and Banking, Vol. 30, No. 4, November 1998
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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