Details about Kenneth D. Garbade

Access statistics for papers by Kenneth D. Garbade.

Last updated 2008-05-16. Update your information in the RePEc Author Service.

Short-id: pga338

Working Papers

2020

1. How the Fed Managed the Treasury Yield Curve in the 1940s
   Liberty Street Economics, Federal Reserve Bank of New York
2. Managing the Maturity Structure of Marketable Treasury Debt: 1953-1983
   Staff Reports, Federal Reserve Bank of New York
3. Managing the Treasury Yield Curve in the 1940s
   Staff Reports, Federal Reserve Bank of New York View citations (3)
4. Market Function Purchases by the Federal Reserve
   Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2019

5. Federal Reserve Participation in Public Treasury Offerings
   Staff Reports, Federal Reserve Bank of New York

2017

6. Beyond 30: Long-Term Treasury Bond Issuance from 1953 to 1957
   Liberty Street Economics, Federal Reserve Bank of New York
7. Beyond 30: Long-Term Treasury Bond Issuance from 1957 to 1965
   Liberty Street Economics, Federal Reserve Bank of New York
8. Beyond thirty: Treasury issuance of long-term bonds from 1953 to 1965
   Staff Reports, Federal Reserve Bank of New York
9. The Treasury Market Practices Group: A Consequential First Decade
   Liberty Street Economics, Federal Reserve Bank of New York
10. The Treasury Market Practices Group: creation and early initiatives
    Staff Reports, Federal Reserve Bank of New York

2016

11. Repurchase agreements as an instrument of monetary policy at the time of the Accord
    Staff Reports, Federal Reserve Bank of New York
12. The early years of the primary dealer system
    Staff Reports, Federal Reserve Bank of New York View citations (2)
13. The first debt ceiling crisis
    Staff Reports, Federal Reserve Bank of New York

2015

14. Interest-Bearing Securities When Interest Rates are Below Zero
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2014

15. Direct Purchases of U.S. Treasury Securities by Federal Reserve Banks
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
    Also in Staff Reports, Federal Reserve Bank of New York (2014) View citations (3)

2013

16. How the Nation Resolved Its First Debt Ceiling Crisis
    Liberty Street Economics, Federal Reserve Bank of New York

2012

17. If Interest Rates Go Negative... Or, Be Careful What You Wish For
    Liberty Street Economics, Federal Reserve Bank of New York View citations (6)
18. Innovations in Treasury Debt Instruments
    Liberty Street Economics, Federal Reserve Bank of New York

2011

19. The Evolution of Federal Debt Ceilings
    Liberty Street Economics, Federal Reserve Bank of New York
20. Will “Quantitative Easing” Trigger Inflation?
    Liberty Street Economics, Federal Reserve Bank of New York

2007

21. Buybacks in Treasury cash and debt management
    Staff Reports, Federal Reserve Bank of New York View citations (10)

2005

22. Why is the U.S. Treasury contemplating becoming a lender of last resort for Treasury securities?
    Staff Reports, Federal Reserve Bank of New York View citations (2)

2004

23. Anomalous bidding in short-term Treasury bill auctions
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article ANOMALOUS BIDDING IN SHORT‐TERM TREASURY BILL AUCTIONS*, Journal of Financial Research, Southern Finance Association (2005) View citations (3) (2005)

1999

24. Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (7)

Journal Articles

2010

1. The introduction of the TMPG fails charge for U.S. Treasury securities
   Economic Policy Review, 2010, 16, (Oct), 45-71 View citations (12)

2008

2. Why the U.S. Treasury began auctioning Treasury bills in 1929
   Economic Policy Review, 2008, 14, (Jul), 31-47 View citations (3)

2007

3. Dealer behavior in the specials market for US Treasury securities
   Journal of Financial Intermediation, 2007, 16, (2), 204-228 View citations (19)
4. The emergence of \\"regular and predictable\\" as a Treasury debt management strategy
   Economic Policy Review, 2007, 13, (Mar), 53-71 View citations (12)

2006

5. The evolution of repo contracting conventions in the 1980s
   Economic Policy Review, 2006, 12, (May), 27-42 View citations (13)

2005

6. ANOMALOUS BIDDING IN SHORT‐TERM TREASURY BILL AUCTIONS*
   Journal of Financial Research, 2005, 28, (2), 165-176 View citations (3)
   See also Working Paper Anomalous bidding in short-term Treasury bill auctions, Staff Reports (2004) View citations (2) (2004)
7. Explaining settlement fails
   Current Issues in Economics and Finance, 2005, 11, (Sep) View citations (24)
8. The Treasury auction process: objectives, structure, and recent acquisitions
   Current Issues in Economics and Finance, 2005, 11, (Feb) View citations (14)

2004

9. Origins of the Federal Reserve book-entry system
   Economic Policy Review, 2004, (Dec), 33-50 View citations (1)
10. Recent innovations in Treasury cash management
    Current Issues in Economics and Finance, 2004, 10, (Nov) View citations (7)
11. Repurchase agreements with negative interest rates
    Current Issues in Economics and Finance, 2004, 10, (Apr) View citations (26)
12. The institutionalization of treasury note and bond auctions, 1970-75
    Economic Policy Review, 2004, (May), 29-45 View citations (9)

2002

13. When the back office moved to the front burner: settlement fails in the treasury market after 9/11
    Economic Policy Review, 2002, 8, (Nov), 35-57 View citations (25)

2000

14. AN INSTITUTIONAL INNOVATION TO REDUCE THE AGENCY COSTS OF PUBLIC CORPORATE BONDS
    Journal of Applied Corporate Finance, 2000, 13, (1), 114-121 View citations (7)
15. Cash settlement of futures contracts: An economic analysis
    Journal of Futures Markets, 2000, 20, (1), 19-40 View citations (1)

1983

16. Futures Contracts on Commodities with Multiple Varieties: An Analysis of Premiums and Discounts
    The Journal of Business, 1983, 56, (3), 249-72 View citations (17)
17. Price Movements and Price Discovery in Futures and Cash Markets
    The Review of Economics and Statistics, 1983, 65, (2), 289-97 View citations (263)

1982

18. Best Execution in Securities Markets: An Application of Signaling and Agency Theory
    Journal of Finance, 1982, 37, (2), 493-504 View citations (2)
19. Market Reaction to the Filing of Antitrust Suits: An Aggregate and Cross-Sectional Analysis
    The Review of Economics and Statistics, 1982, 64, (4), 686-91 View citations (14)

1981

20. Opening prices on the New York Stock Exchange
    Journal of Banking & Finance, 1981, 5, (3), 345-355 View citations (4)
21. Testing the Hypothesis of Beta Stationarity
    International Economic Review, 1981, 22, (3), 577-87 View citations (7)
22. The Impact of the GNMA Pass-through Program on FHA Mortgage Costs
    Journal of Finance, 1981, 36, (2), 457-69 View citations (21)

1979

23. Dominant and Satellite Markets: A Study of Dually-Traded Securities
    The Review of Economics and Statistics, 1979, 61, (3), 455-60 View citations (58)
24. On the Information Content of Prices
    American Economic Review, 1979, 69, (1), 50-59 View citations (5)
25. Structural Organization of Secondary Markets: Clearing Frequency, Dealer Activity and Liquidity Risk
    Journal of Finance, 1979, 34, (3), 577-93 View citations (63)
26. The payment system and domestic exchange rates: Technological versus institutional change
    Journal of Monetary Economics, 1979, 5, (1), 1-22 View citations (10)

1978

27. Risk Premiums on Federal Agency Debt
    Journal of Finance, 1978, 33, (1), 105-16 View citations (1)
28. Technology, Communication and the Performance of Financial Markets: 1840-1975
    Journal of Finance, 1978, 33, (3), 819-32 View citations (32)
29. The Effect of Interdealer Brokerage on the Transactional Characteristics of Dealer Markets
    The Journal of Business, 1978, 51, (3), 477-98 View citations (7)
30. Time variation in the relationship between inflation and interest rates
    Journal of Monetary Economics, 1978, 4, (4), 755-765 View citations (40)

1977

31. On the independence of transactions on the New York Stock exchange
    Journal of Banking & Finance, 1977, 1, (2), 151-172 View citations (8)

1976

32. On the Existence and Uniqueness of Solutions to Multi-Period Linear/Quadratic Optimal Control Problems
    International Economic Review, 1976, 17, (3), 719-31 View citations (1)
33. Price Dispersion in the Government Securities Market
    Journal of Political Economy, 1976, 84, (4), 721-40 View citations (39)

Books

2021

1. After the Accord
   Cambridge Books, Cambridge University Press

2015

2. Treasury debt management under the rubric of regular and predictable issuance: 1983-2012
   Monograph, Federal Reserve Bank of New York View citations (1)

2012

3. Birth of a Market: The U.S. Treasury Securities Market from the Great War to the Great Depression, vol 1
   MIT Press Books, The MIT Press View citations (31)

2001

4. Pricing Corporate Securities as Contingent Claims, vol 1
   MIT Press Books, The MIT Press View citations (6)

Chapters

1975

1. Discretion in the Choice of Macroeconomic Policies
   A chapter in Annals of Economic and Social Measurement, Volume 4, number 2, 1975, pp 215-238 View citations (2)