Details about Ben Craig

Workplace:

Federal Reserve Bank of Cleveland, (more information at EDIRC)

Access statistics for papers by Ben Craig.

Last updated 2023-10-09. Update your information in the RePEc Author Service.

Short-id: pcr197

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Working Papers

2020

1. Intermediation in the Interbank Lending Market
   Working Papers, Federal Reserve Bank of Cleveland View citations (4)

2019

2. Recreating Banking Networks under Decreasing Fixed Costs
   Working Papers, Federal Reserve Bank of Cleveland View citations (1)
3. The Effect of Possible EU Diversification Requirements on the Risk of Banks’ Sovereign Bond Portfolios
   Working Papers, Federal Reserve Bank of Cleveland View citations (3)

2016

4. Spatial Dependence and Data-Driven Networks of International Banks
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)

2015

5. Centrality-based Capital Allocations
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (22)
6. Credit Market Information Feedback
   Working Papers (Old Series), Federal Reserve Bank of Cleveland

2014

7. Filling in the Blanks: Network Structure and Interbank Contagion
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (31)
   Also in Staff Working Papers, Bank of Canada (2014) View citations (27)
   Discussion Papers, Deutsche Bundesbank (2014) View citations (27)
   BIS Working Papers, Bank for International Settlements (2014) View citations (27)
8. Interbank Lending and Distress: Observables, Unobservables, and Network Structure
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)
   Also in Discussion Papers, Deutsche Bundesbank (2014) View citations (11)
9. The Role of Interbank Relationships and Liquidity Needs
   Working Papers (Old Series), Federal Reserve Bank of Cleveland
   Also in Discussion Papers, Deutsche Bundesbank (2013) View citations (3)
10. Volatile Lending and Bank Wholesale Funding
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)

2013

11. Uncertainty and bank wholesale funding
    Discussion Papers, Deutsche Bundesbank View citations (4)

2011

12. Public policy in support of small business: the American experience
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
13. Substitution between net and gross settlement systems: A concern for financial stability?
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2011)

2010

14. Interbank tiering and money center banks
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (48)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2009) View citations (6)
    Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank (2010) View citations (82)
    BIS Working Papers, Bank for International Settlements (2010) View citations (83)
    See also Journal Article Interbank tiering and money center banks, Journal of Financial Intermediation, Elsevier (2014) View citations (390) (2014)
15. Lending patterns in poor neighborhoods
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article Lending patterns in poor neighborhoods, Journal of Economic Behavior & Organization, Elsevier (2013) View citations (1) (2013)
16. The Duration of Bank Retail Interest Rates (formerly titled: A microeconometric investigation into bank interest rate rigidity)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
17. The importance of financial market development on the relationship between loan guarantees for SMEs and local market employment rates
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

2009

18. Deposit market competition, costs of funding and bank risk
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

2008

19. Bank mergers and the dynamics of deposit interest rates
    Proceedings, Federal Reserve Bank of Chicago View citations (3)
    Also in Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank (2008) View citations (4)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2008) View citations (9)
    See also Journal Article Bank Mergers and the Dynamics of Deposit Interest Rates, Journal of Financial Services Research, Springer (2009) View citations (21) (2009)

2007

20. On government intervention in the small-firm credit market and its effect on economic performance
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)

2006

21. Gross loan flows
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2000) View citations (6)
22. Small firm credit market discrimination, SBA-guaranteed lending, and local market economic performance
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
23. Small-firm credit markets, SBA-guaranteed lending, and economic performance in low-income areas
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
24. The Eurosystem money market auctions: a banking perspective
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    Also in Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank (2005)
    See also Journal Article The eurosystem money market auctions: A banking perspective, Journal of Banking & Finance, Elsevier (2007) View citations (24) (2007)

2005

25. Recovering market expectations of FOMC rate changes with options on federal funds futures
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (18)
26. SBA guaranteed lending and local economic growth
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
27. SBA-loan guarantees and local economic growth
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (10)
28. State-dependent pricing, inflation, and welfare in search economies
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article State-dependent pricing, inflation, and welfare in search economies, European Economic Review, Elsevier (2008) View citations (12) (2008)
29. The forecast ability of risk-neutral densities of foreign exchange
    Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank View citations (2)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (3)

2004

30. Greasing the Wheels of Trade: Inflation with Menu Costs and Search Frictions
    2004 Meeting Papers, Society for Economic Dynamics
31. On SBA-guaranteed lending and economic growth
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (166)

2003

32. Currency competition in a fundamental model of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article Currency competition in a fundamental model of money, Journal of International Economics, Elsevier (2004) View citations (30) (2004)
33. Pricing kernels, inflation, and the term structure of interest rates
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
34. The Forecasting Performance of German Stock Option Densities
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (11)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2003) View citations (10)
35. The empirical performance of option-based densities of foreign exchange
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2002) View citations (4)

2001

36. Currency Portfolios and Currency Exchange in a Search Economy
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (2)
37. Federal Home Loan Bank lending to community banks: are targeted subsidies necessary?
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
38. Sterilized intervention, nonsterilized intervention, and monetary policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (8)

1999

39. Currency Portfolios and Nominal Exchange Rates in a Dual Currency Search Economy
    Working Papers, London School of Economics - Centre for Labour Economics View citations (5)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (8)

1998

40. Study of the banking consolidation impact on small business lending
    Proceedings, Federal Reserve Bank of Chicago

1996

41. Performance and asset management effects of bank acquisitions
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)

1995

42. Some Monte Carlo results on nonparametric changepoint tests
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
43. Voting on social security: evidence from OECD countries
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article Voting on social security: Evidence from OECD countries, European Journal of Political Economy, Elsevier (1997) View citations (50) (1997)

1993

44. Worker-Owned Plywood Companies of the Pacific Northwest
    Research Reports, University of California, Davis, Center for Cooperatives

Journal Articles

2021

1. Modeling Behavioral Responses to COVID-19
   Economic Commentary, 2021, 2021, (05), 6
2. Two Approaches to Predicting the Path of the COVID-19 Pandemic: Is One Better?
   Economic Commentary, 2021, 2021, (10), 8

2020

3. Improving Epidemic Modeling with Networks
   Economic Commentary, 2020, 2020, (23), 8 View citations (6)

2019

4. Bitcoin’s Decentralized Decision Structure
   Economic Commentary, 2019, (July) View citations (1)
5. The Souk al-Manakh Crash
   Economic Commentary, 2019, (November)

2017

6. The Federal Funds Market since the Financial Crisis
   Economic Commentary, 2017, (April)

2015

7. Excess Reserves: Oceans of Cash
   Economic Commentary, 2015, (Feb) View citations (3)

2014

8. Interbank tiering and money center banks
   Journal of Financial Intermediation, 2014, 23, (3), 322-347 View citations (390)
   See also Working Paper Interbank tiering and money center banks, Working Papers (Old Series) (2010) View citations (48) (2010)

2013

9. Deposit market competition, wholesale funding, and bank risk
   Journal of Banking & Finance, 2013, 37, (9), 3605-3622 View citations (60)
10. Lending patterns in poor neighborhoods
    Journal of Economic Behavior & Organization, 2013, 95, (C), 197-206 View citations (1)
    See also Working Paper Lending patterns in poor neighborhoods, Working Papers (Old Series) (2010) (2010)

2010

11. Reforming the over-the-counter derivatives market: what’s to be gained?
    Economic Commentary, 2010, (Jul)

2009

12. Bank Mergers and the Dynamics of Deposit Interest Rates
    Journal of Financial Services Research, 2009, 36, (2), 111-133 View citations (21)
    See also Working Paper Bank mergers and the dynamics of deposit interest rates, Proceedings (2008) View citations (3) (2008)
13. Credit default swaps and their market function
    Economic Commentary, 2009, (Jul)

2008

14. Credit market failure intervention: Do government sponsored small business credit programs enrich poorer areas?
    Small Business Economics, 2008, 30, (4), 345-360 View citations (33)
15. Inflation and Welfare: A Search Approach
    Journal of Money, Credit and Banking, 2008, 40, (1), 89-119 View citations (38)
    Also in Policy Discussion Papers, 2006, (Jan) (2006) View citations (16)
16. State-dependent pricing, inflation, and welfare in search economies
    European Economic Review, 2008, 52, (3), 441-468 View citations (12)
    See also Working Paper State-dependent pricing, inflation, and welfare in search economies, Working Papers (Old Series) (2005) View citations (2) (2005)

2007

17. Does government intervention in the small-firm credit market help economic performance?
    Policy Discussion Papers, 2007, (Aug) View citations (2)
18. The eurosystem money market auctions: A banking perspective
    Journal of Banking & Finance, 2007, 31, (9), 2925-2944 View citations (24)
    See also Working Paper The Eurosystem money market auctions: a banking perspective, Working Papers (Old Series) (2006) (2006)

2006

19. Does Small Business Administration guaranteed lending improve economic performance in lowincome areas?
    Proceedings: Community Affairs Dept. Conferences, 2006, (Jul), 55-85
20. FOMC communications and the predictability of near-term policy decisions
    Economic Commentary, 2006, (Jun) View citations (19)

2005

21. Rethinking the welfare cost of inflation
    Economic Commentary, 2005, (Mar) View citations (3)
22. The growing significance of purchasing power parity
    Economic Commentary, 2005, (Apr) View citations (1)
23. The role of relationships in small-business lending
    Economic Commentary, 2005, (Oct) View citations (2)
24. Too much risk?
    Economic Commentary, 2005, (Mar) View citations (1)

2004

25. Are SBA loan guarantees desirable?
    Economic Commentary, 2004, (Sep) View citations (4)
26. Currency competition in a fundamental model of money
    Journal of International Economics, 2004, 64, (2), 521-544 View citations (30)
    See also Working Paper Currency competition in a fundamental model of money, Working Papers (Old Series) (2003) View citations (2) (2003)
27. Dollarization and currency exchange
    Journal of Monetary Economics, 2004, 51, (4), 671-689 View citations (28)

2003

28. Bubble, toil, and trouble
    Economic Commentary, 2003, (Oct) View citations (1)
29. Federal Home Loan Bank Lending to Community Banks: Are Targeted Subsidies Desirable?
    Journal of Financial Services Research, 2003, 23, (1), 5-28 View citations (14)
30. The Myth of a Strong Dollar Policy
    Cato Journal, 2003, 22, (3), 417-429 View citations (1)
31. Why are TIIS yields so high? The case of the missing inflation-risk premium
    Economic Commentary, 2003, (Mar) View citations (8)

2002

32. Options and the future: what do markets think?
    Economic Commentary, 2002, (Oct)

2000

33. Dual-currency economies as multiple-payment systems
    Economic Review, 2000, (Q I), 2-13 View citations (27)
34. Structural uncertainty and breakpoint tests: an application to equilibrium velocity1
    Journal of Economics and Business, 2000, 52, (1-2), 101-115 View citations (12)

1999

35. Comment on Inside and Outside Money as Alternative Media of Exchange
    Journal of Money, Credit and Banking, 1999, 31, (3), 458-60 View citations (3)
36. Resisting electronic payment systems: burning down the house?
    Economic Commentary, 1999, (Jul) View citations (3)

1998

37. Global ATM banking: casting the net
    Economic Commentary, 1998, (Aug)

1997

38. The long-run demand for labor in the banking industry
    Economic Review, 1997, (Q III), 23-33 View citations (4)
39. The risk effects of bank acquisitions
    Economic Review, 1997, (Q II), 25-35 View citations (30)
40. Voting on social security: Evidence from OECD countries
    European Journal of Political Economy, 1997, 13, (4), 705-724 View citations (50)
    See also Working Paper Voting on social security: evidence from OECD countries, Working Papers (Old Series) (1995) (1995)
41. Where have all the tellers gone?
    Economic Commentary, 1997, (Apr) View citations (1)

1996

42. Competing currencies: back to the future?
    Economic Commentary, 1996, (Oct) View citations (2)
43. The reduced form as an empirical tool: a cautionary tale from the financial veil
    Economic Review, 1996, (Q I), 16-25

1995

44. Are wages inflexible?
    Economic Commentary, 1995, (Apr) View citations (3)

1994

45. The Empirical Performance of Orthodox Models of the Firm: Conventional Firms and Worker Cooperatives
    Journal of Political Economy, 1994, 102, (4), 718-44 View citations (76)

1993

46. The Objectives of Worker Cooperatives
    Journal of Comparative Economics, 1993, 17, (2), 288-308 View citations (38)

1992

47. The Behavior of Worker Cooperatives: The Plywood Companies of the Pacific Northwest
    American Economic Review, 1992, 82, (5), 1083-105 View citations (132)

1991

48. The effects of social security in a life cycle family labor supply simulation model
    Journal of Public Economics, 1991, 46, (2), 199-226 View citations (5)

1990

49. Large risks and the decision to incorporate
    Journal of Economics and Business, 1990, 42, (3), 185-194 View citations (7)

Chapters

2012

1. Comment on "Hedge Fund Tail Risk"
   A chapter in Quantifying Systemic Risk, 2012, pp 173-174