Central Bank Review Articles/WPs

Bank for International Settlements

Central bank cryptocurrencies” with Morten Bech, Quarterly Review, September 2017.

 

Bank of Canada

Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?” with J. Chapman, S. Hendry, A. McCormack, and W. McMahon, Bank of Canada, Financial System Review, June 2017.

Which Bank is the ‘Central’ Bank? An Application of Markov Theory to the Canadian Large Value Transfer System,” with M. Bech and J. Chapman, Staff Working Papers 08-42, Bank of Canada, 2008.

 

Bank of England

The economics of distributed ledger technology for securities settlement,” with E. Benos and P. Gurrola-Perez, Staff Working Paper No. 670, 2017.

Variations in liquidity provision in real-time payment systems,” with Edward Denbee and Peter Zimmerman, Bank of England Working Paper #513, October, 2014.

Bank behaviour and risks in CHAPS following the collapse of Lehman Brothers” with Evangelos Benos and Peter Zimmerman, Bank of England Working Paper #451, June, 2012.

Using Shapley’s Asymmetric Power Index to Measure Banks’ Contributions to Systemic Risk” with Lewis Webber and Matthew Willison, Bank of England Working Paper #468, October, 2012.

Mapping systemic risk in the international banking network” with Lavan Mahadeva and Katsiaryna Svirydzenka, Bank of England Working Paper #413, March 2011.

 

FRBNY Discussion Papers/Staff Reports

Nonlinear Pricing with Competition: The Market for Settling Payments” with Adam Copeland, Federal Reserve Bank of New York Staff Report no. 737, August 2015.

Segregated Balance Accounts” with Antoine Martin, Jamie McAndrews and Ed Nosal, Federal Reserve Bank of New York Staff Report no. 730, May 2015.

Does a Central Clearing Reduce Counterparty Risk in Realistic Financial Networks?” with Peter Zimmerman, Federal Reserve Bank of New York Staff Report no. 717, March 2015.

Mapping Change in the Federal Funds Market,” with Morten Bech, Carl Bergstrom and Martin Rosvall, Federal Reserve Bank of New York Staff Report no. 507, August 2011.

Illiquidity in the Interbank Payment System following Wide-Scale Disruptions,” with Morten Bech, Federal Reserve Bank of New York Staff Report, no. 239, March 2006.

 

Committee on Payments and Market Infrastructures Report

Digital Currencies,” with fellow members of the CPMI working group on retail payments, Bank for International Settlements, November 2015.