Details about Todd Keister

Access statistics for papers by Todd Keister.

Last updated 2022-05-24. Update your information in the RePEc Author Service.

Short-id: pke17

Working Papers

2022

1. Central Bank Digital Currency: Stability and Information
   Working Papers, Swiss National Bank, Study Center Gerzensee

2021

2. Should Central Banks Issue Digital Currency?
   Working Papers, Federal Reserve Bank of Philadelphia View citations (11)
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2019) View citations (20)

2020

3. Allocating Losses: Bail-ins, Bailouts and Bank Regulation
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany
   Also in CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany (2020)

2019

4. Bailouts, Bail-ins and Banking Crises
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (1)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (14)

2016

5. Aggregate Liquidity Management
   Working Papers, Federal Reserve Bank of Philadelphia
6. Monetary Policy, Credit Markets and Banking Regulation
   2016 Meeting Papers, Society for Economic Dynamics

2015

7. Floor systems and the Friedman rule: the fiscal arithmetic of open market operations
   Staff Reports, Federal Reserve Bank of New York View citations (2)
8. Online Appendix to "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?"
   Online Appendices, Review of Economic Dynamics View citations (3)
   See also Journal Article in Review of Economic Dynamics (2016)
9. Optimal Banking Contracts and Financial Fragility
   Working Paper, Federal Reserve Bank of Richmond View citations (5)
   Also in 2012 Meeting Papers, Society for Economic Dynamics (2012)
   See also Journal Article in Economic Theory (2016)

2014

10. Bailouts and Financial Fragility
    Departmental Working Papers, Rutgers University, Department of Economics View citations (26)
    Also in Staff Reports, Federal Reserve Bank of New York (2010) View citations (15)
    See also Journal Article in Review of Economic Studies (2016)
11. Expectations vs. fundamentals: Does the cause of banking panics matter for prudential policy?
    2014 Meeting Papers, Society for Economic Dynamics
12. On the economics of committed liquidity facilities
    BIS Working Papers, Bank for International Settlements View citations (3)
    See also Chapter (2013)

2013

13. Liquidity regulation and the implementation of monetary policy
    BIS Working Papers, Bank for International Settlements View citations (22)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2013) View citations (20)
    See also Journal Article in Journal of Monetary Economics (2017)

2012

14. Cash Assets of Foreign Banks: An Example of Seasonal Adjustment Gone Awry
    Liberty Street Economics, Federal Reserve Bank of New York

2011

15. Expectations versus fundamentals: does the cause of banking panics matter for prudential policy?
    Staff Reports, Federal Reserve Bank of New York View citations (4)

2009

16. Central Bank Lending and Inflation
    2009 Meeting Papers, Society for Economic Dynamics
17. Why are banks holding so many excess reserves?
    Staff Reports, Federal Reserve Bank of New York View citations (54)
    See also Journal Article in Current Issues in Economics and Finance (2009)

2008

18. Run Equilibria in a Model of Financial Intermediation
    2008 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (4)

2007

19. Bank runs and institutions: the perils of intervention
    Working Paper, Federal Reserve Bank of Richmond View citations (25)
    See also Journal Article in American Economic Review (2009)
20. Commitment and Equilibrium Bank Runs
    2007 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (4)

2006

21. Banking Policy without Commitment: Suspension of Convertibility Taken Seriously
    2006 Meeting Papers, Society for Economic Dynamics
22. Expectations and Contagion in Self-fulfilling Currency Attacks
    2006 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Papers, Centro de Investigacion Economica, ITAM (2005) View citations (1)
    Staff Reports, Federal Reserve Bank of New York (2006) View citations (3)
    See also Journal Article in International Economic Review (2009)

2005

23. Lecture Notes on The Optimal Growth Problem
    MPRA Paper, University Library of Munich, Germany

2004

24. Bank Runs and Investment Decisions Revisited
    2004 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper, Federal Reserve Bank of Richmond (2004)
    See also Journal Article in Journal of Monetary Economics (2006)

2003

25. Aggregate demand management with multiple equilibria
    Working Paper, Federal Reserve Bank of Richmond View citations (2)
26. Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium
    Working Papers, Centro de Investigacion Economica, ITAM View citations (6)
    See also Journal Article in Macroeconomic Dynamics (2006)
27. Economic growth, liquidity, and bank runs
    Working Paper, Federal Reserve Bank of Richmond View citations (63)
    See also Journal Article in Journal of Economic Theory (2003)
28. Government Policy and the Probability of Coordination Failures
    Working Papers, Centro de Investigacion Economica, ITAM View citations (8)
    See also Journal Article in European Economic Review (2005)

2002

29. Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case
    Working Papers, Cornell University, Center for Analytic Economics View citations (1)
    See also Journal Article in International Economic Review (2004)

2001

30. Optimal policy with probabilistic equilibrium selection
    Working Paper, Federal Reserve Bank of Richmond View citations (2)

2000

31. Government Policy and Probabilistic Equilibrium Selection
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society
32. Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate
    Working Papers, Centro de Investigacion Economica, ITAM
33. Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort
    Working Papers, Centro de Investigacion Economica, ITAM View citations (5)
    See also Journal Article in Journal of Economic Theory (2001)

1999

34. A Characterization of Robust Sunspot Equilibria
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara
    See also Journal Article in Journal of Economic Theory (2002)

Journal Articles

2019

1. The interplay between liquidity regulation, monetary policy implementation and financial stability
   Global Finance Journal, 2019, 39, (C), 30-38 View citations (3)
   See also Chapter (2017)

2017

2. Liquidity regulation and the implementation of monetary policy
   Journal of Monetary Economics, 2017, 92, (C), 64-77 View citations (30)
   See also Working Paper (2013)

2016

3. Bailouts and Financial Fragility
   Review of Economic Studies, 2016, 83, (2), 704-736 View citations (48)
   See also Working Paper (2014)
4. Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?
   Review of Economic Dynamics, 2016, 21, 89-104 View citations (8)
   See also Software Item (2015)
   Working Paper (2015)
5. Optimal banking contracts and financial fragility
   Economic Theory, 2016, 61, (2), 335-363 View citations (5)
   See also Working Paper (2015)

2014

6. Stability of funding models: an analytical framework
   Economic Policy Review, 2014, (Feb), 29-47 View citations (22)

2013

7. Introduction to the symposium
   Annals of Finance, 2013, 9, (1), 1-4

2012

8. On the liquidity coverage ratio and monetary policy implementation
   BIS Quarterly Review, 2012 View citations (34)

2011

9. Discussion of “Banking in a Matching Model of Money and Capital”
   Journal of Money, Credit and Banking, 2011, 43, 477-485
10. Discussion of “Banking in a Matching Model of Money and Capital”
    Journal of Money, Credit and Banking, 2011, 43, (s2), 477-485

2010

11. Banking panics and policy responses
    Journal of Monetary Economics, 2010, 57, (4), 404-419 View citations (63)
12. Comment on: "A model of a systemic bank run" by Harald Uhlig
    Journal of Monetary Economics, 2010, 57, (1), 97-100
13. On the fundamental reasons for bank fragility
    Economic Quarterly, 2010, 96, (1Q), 33-58 View citations (14)

2009

14. Bank Runs and Institutions: The Perils of Intervention
    American Economic Review, 2009, 99, (4), 1588-1607 View citations (126)
    See also Working Paper (2007)
15. Bank runs as coordination failures: An experimental study
    Journal of Economic Behavior & Organization, 2009, 71, (2), 300-317 View citations (82)
16. EXPECTATIONS AND CONTAGION IN SELF-FULFILLING CURRENCY ATTACKS
    International Economic Review, 2009, 50, (3), 991-1012 View citations (5)
    See also Working Paper (2006)
17. Run equilibria in the Green-Lin model of financial intermediation
    Journal of Economic Theory, 2009, 144, (5), 1996-2020 View citations (51)
18. Why are banks holding so many excess reserves?
    Current Issues in Economics and Finance, 2009, 15, (Dec) View citations (77)
    See also Working Paper (2009)

2008

19. Divorcing money from monetary policy
    Economic Policy Review, 2008, 14, (Sep), 41-56 View citations (90)
20. Understanding monetary policy implementation
    Economic Quarterly, 2008, 94, (Sum), 235-263 View citations (49)

2006

21. Bank runs and investment decisions revisited
    Journal of Monetary Economics, 2006, 53, (2), 217-232 View citations (53)
    See also Working Paper (2004)
22. DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM
    Macroeconomic Dynamics, 2006, 10, (1), 1-19 View citations (23)
    See also Working Paper (2003)

2005

23. Government policy and the probability of coordination failures
    European Economic Review, 2005, 49, (4), 939-973 View citations (22)
    See also Working Paper (2003)
24. Optimal fiscal policy under multiple equilibria
    Journal of Monetary Economics, 2005, 52, (8), 1359-1377 View citations (12)

2004

25. Comparing Sunspot Equilibrium And Lottery Equilibrium Allocations: The Finite Case
    International Economic Review, 2004, 45, (2), 351-386 View citations (10)
    See also Working Paper (2002)

2003

26. Economic growth, liquidity, and bank runs
    Journal of Economic Theory, 2003, 109, (2), 220-245 View citations (75)
    See also Working Paper (2003)

2002

27. A Characterization of Robust Sunspot Equilibria
    Journal of Economic Theory, 2002, 107, (1), 136-144 View citations (2)
    See also Working Paper (1999)
28. Equilibrium Prices When the Sunspot Variable Is Continuous
    Journal of Economic Theory, 2002, 107, (1), 11-38 View citations (12)

2001

29. Dollarization as a monetary arrangement for emerging market economies
    Review, 2001, 83, (Nov.), 29-40 View citations (14)
30. Growth Dynamics and Returns to Scale: Bifurcation Analysis
    Journal of Economic Theory, 2001, 96, (1-2), 70-96 View citations (7)
31. MONEY TAXES, MARKET SEGMENTATION, AND SUNSPOT EQUILIBRIA
    Macroeconomic Dynamics, 2001, 5, (3), 327-352
32. Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort
    Journal of Economic Theory, 2001, 99, (1-2), 187-219 View citations (41)
    See also Working Paper (2000)

1998

33. Money Taxes and Efficiency When Sunspots Matter
    Journal of Economic Theory, 1998, 83, (1), 43-68 View citations (9)
34. Options and sunspots in a simple monetary economy
    Economic Theory, 1998, 11, (2), 295-315 View citations (9)

Chapters

2017

1. The Interplay Between Liquidity Regulation, Monetary Policy Implementation and Financial Stability
   Chapter 13 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 173-193 View citations (1)
   See also Journal Article in Global Finance Journal (2019)

2013

2. On the Economics of Committed Liquidity Facilities
   A chapter in Liquidity and Funding Markets, 2013 View citations (1)
   See also Working Paper (2014)

Software Items

2015

1. Code and data files for "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2016)