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Details about Todd Keister

Homepage:http://www.toddkeister.net
Postal address:Department of Economics Rutgers University 75 Hamilton Street New Brunswick, NJ 08901
Workplace:Department of Economics, Rutgers University-New Brunswick, (more information at EDIRC)

Access statistics for papers by Todd Keister.

Last updated 2023-07-07. Update your information in the RePEc Author Service.

Short-id: pke17


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Working Papers

2022

  1. Central Bank Digital Currency: Stability and Information
    Working Papers, Swiss National Bank, Study Center Gerzensee Downloads View citations (21)
    See also Journal Article Central bank digital currency: Stability and information, Journal of Economic Dynamics and Control, Elsevier (2022) Downloads View citations (21) (2022)

2021

  1. Should Central Banks Issue Digital Currency?
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (53)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2019) Downloads View citations (31)

    See also Journal Article Should Central Banks Issue Digital Currency?, The Review of Economic Studies, Review of Economic Studies Ltd (2023) Downloads View citations (10) (2023)

2020

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

    See also Journal Article Allocating losses: Bail-ins, bailouts and bank regulation, Journal of Economic Theory, Elsevier (2023) Downloads View citations (1) (2023)

2019

  1. Bailouts, Bail-ins and Banking Crises
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany Downloads View citations (3)
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (14)

2016

  1. Aggregate Liquidity Management
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (1)
  2. Monetary Policy, Credit Markets and Banking Regulation
    2016 Meeting Papers, Society for Economic Dynamics Downloads

2015

  1. Floor systems and the Friedman rule: the fiscal arithmetic of open market operations
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (2)
  2. Online Appendix to "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?"
    Online Appendices, Review of Economic Dynamics Downloads View citations (3)
    See also Journal Article Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) Downloads View citations (13) (2016)
  3. Optimal Banking Contracts and Financial Fragility
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (7)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) Downloads

    See also Journal Article Optimal banking contracts and financial fragility, Economic Theory, Springer (2016) Downloads View citations (7) (2016)

2014

  1. Bailouts and Financial Fragility
    Departmental Working Papers, Rutgers University, Department of Economics Downloads View citations (25)
    Also in Staff Reports, Federal Reserve Bank of New York (2010) Downloads View citations (15)

    See also Journal Article Bailouts and Financial Fragility, The Review of Economic Studies, Review of Economic Studies Ltd (2016) Downloads View citations (70) (2016)
  2. Expectations vs. fundamentals: Does the cause of banking panics matter for prudential policy?
    2014 Meeting Papers, Society for Economic Dynamics
  3. On the economics of committed liquidity facilities
    BIS Working Papers, Bank for International Settlements Downloads View citations (4)
    See also Chapter On the Economics of Committed Liquidity Facilities, RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia (2013) Downloads View citations (1) (2013)

2013

  1. Liquidity regulation and the implementation of monetary policy
    Departmental Working Papers, Rutgers University, Department of Economics View citations (21)
    Also in BIS Working Papers, Bank for International Settlements (2013) Downloads View citations (23)

    See also Journal Article Liquidity regulation and the implementation of monetary policy, Journal of Monetary Economics, Elsevier (2017) Downloads View citations (40) (2017)

2012

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

2011

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

2009

  1. Central Bank Lending and Inflation
    2009 Meeting Papers, Society for Economic Dynamics Downloads
  2. Why are banks holding so many excess reserves?
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (59)
    See also Journal Article Why are banks holding so many excess reserves?, Current Issues in Economics and Finance, Federal Reserve Bank of New York (2009) Downloads View citations (82) (2009)

2008

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

2007

  1. Bank runs and institutions: the perils of intervention
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (26)
    See also Journal Article Bank Runs and Institutions: The Perils of Intervention, American Economic Review, American Economic Association (2009) Downloads View citations (150) (2009)
  2. Commitment and Equilibrium Bank Runs
    2007 Meeting Papers, Society for Economic Dynamics Downloads View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2007) Downloads View citations (4)

2006

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

    See also Journal Article EXPECTATIONS AND CONTAGION IN SELF-FULFILLING CURRENCY ATTACKS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2009) View citations (5) (2009)

2005

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

2004

  1. Bank Runs and Investment Decisions Revisited
    2004 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Working Paper, Federal Reserve Bank of Richmond (2004) Downloads

    See also Journal Article Bank runs and investment decisions revisited, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (58) (2006)

2003

  1. Aggregate demand management with multiple equilibria
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (2)
  2. Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium
    Working Papers, Centro de Investigacion Economica, ITAM Downloads View citations (6)
    See also Journal Article DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM, Macroeconomic Dynamics, Cambridge University Press (2006) Downloads View citations (29) (2006)
  3. Economic growth, liquidity, and bank runs
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (72)
    See also Journal Article Economic growth, liquidity, and bank runs, Journal of Economic Theory, Elsevier (2003) Downloads View citations (78) (2003)
  4. Government Policy and the Probability of Coordination Failures
    Working Papers, Centro de Investigacion Economica, ITAM Downloads View citations (8)
    See also Journal Article Government policy and the probability of coordination failures, European Economic Review, Elsevier (2005) Downloads View citations (24) (2005)

2002

  1. Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case
    Working Papers, Cornell University, Center for Analytic Economics Downloads View citations (1)
    See also Journal Article Comparing Sunspot Equilibrium And Lottery Equilibrium Allocations: The Finite Case, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2004) View citations (10) (2004)

2001

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

2000

  1. Government Policy and Probabilistic Equilibrium Selection
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society Downloads
  2. Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate
    Working Papers, Centro de Investigacion Economica, ITAM Downloads
  3. Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort
    Working Papers, Centro de Investigacion Economica, ITAM Downloads View citations (5)
    See also Journal Article Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort, Journal of Economic Theory, Elsevier (2001) Downloads View citations (46) (2001)

1999

  1. A Characterization of Robust Sunspot Equilibria
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara Downloads
    See also Journal Article A Characterization of Robust Sunspot Equilibria, Journal of Economic Theory, Elsevier (2002) Downloads View citations (2) (2002)

Journal Articles

2023

  1. Allocating losses: Bail-ins, bailouts and bank regulation
    Journal of Economic Theory, 2023, 210, (C) Downloads View citations (1)
    See also Working Paper Allocating Losses: Bail-ins, Bailouts and Bank Regulation, CRC TR 224 Discussion Paper Series (2020) Downloads View citations (3) (2020)
  2. Should Central Banks Issue Digital Currency?
    The Review of Economic Studies, 2023, 90, (1), 404-431 Downloads View citations (10)
    See also Working Paper Should Central Banks Issue Digital Currency?, Working Papers (2021) Downloads View citations (53) (2021)

2022

  1. Central bank digital currency: Stability and information
    Journal of Economic Dynamics and Control, 2022, 142, (C) Downloads View citations (21)
    See also Working Paper Central Bank Digital Currency: Stability and Information, Working Papers (2022) Downloads View citations (21) (2022)
  2. The economics of digital currencies: Progress and open questions
    Journal of Economic Dynamics and Control, 2022, 142, (C) Downloads View citations (1)

2019

  1. The interplay between liquidity regulation, monetary policy implementation and financial stability
    Global Finance Journal, 2019, 39, (C), 30-38 Downloads View citations (4)
    See also Chapter The Interplay Between Liquidity Regulation, Monetary Policy Implementation and Financial Stability, World Scientific Book Chapters, 2017, 173-193 (2017) Downloads View citations (1) (2017)

2017

  1. Liquidity regulation and the implementation of monetary policy
    Journal of Monetary Economics, 2017, 92, (C), 64-77 Downloads View citations (40)
    See also Working Paper Liquidity regulation and the implementation of monetary policy, Departmental Working Papers (2013) View citations (21) (2013)

2016

  1. Bailouts and Financial Fragility
    The Review of Economic Studies, 2016, 83, (2), 704-736 Downloads View citations (70)
    See also Working Paper Bailouts and Financial Fragility, Departmental Working Papers (2014) Downloads View citations (25) (2014)
  2. Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?
    Review of Economic Dynamics, 2016, 21, 89-104 Downloads View citations (13)
    See also Working Paper Online Appendix to "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?", Online Appendices (2015) Downloads View citations (3) (2015)
    Software Item Code and data files for "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?", Computer Codes (2015) Downloads (2015)
  3. Optimal banking contracts and financial fragility
    Economic Theory, 2016, 61, (2), 335-363 Downloads View citations (7)
    See also Working Paper Optimal Banking Contracts and Financial Fragility, Working Paper (2015) Downloads View citations (7) (2015)

2014

  1. Stability of funding models: an analytical framework
    Economic Policy Review, 2014, (Feb), 29-47 Downloads View citations (23)

2013

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

2012

  1. On the liquidity coverage ratio and monetary policy implementation
    BIS Quarterly Review, 2012 Downloads View citations (44)

2011

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

2010

  1. Banking panics and policy responses
    Journal of Monetary Economics, 2010, 57, (4), 404-419 Downloads View citations (72)
  2. Comment on: "A model of a systemic bank run" by Harald Uhlig
    Journal of Monetary Economics, 2010, 57, (1), 97-100 Downloads
  3. On the fundamental reasons for bank fragility
    Economic Quarterly, 2010, 96, (1Q), 33-58 Downloads View citations (19)

2009

  1. Bank Runs and Institutions: The Perils of Intervention
    American Economic Review, 2009, 99, (4), 1588-1607 Downloads View citations (150)
    See also Working Paper Bank runs and institutions: the perils of intervention, Working Paper (2007) Downloads View citations (26) (2007)
  2. Bank runs as coordination failures: An experimental study
    Journal of Economic Behavior & Organization, 2009, 71, (2), 300-317 Downloads View citations (93)
  3. EXPECTATIONS AND CONTAGION IN SELF-FULFILLING CURRENCY ATTACKS
    International Economic Review, 2009, 50, (3), 991-1012 View citations (5)
    See also Working Paper Expectations and Contagion in Self-fulfilling Currency Attacks, 2006 Meeting Papers (2006) Downloads View citations (3) (2006)
  4. Run equilibria in the Green-Lin model of financial intermediation
    Journal of Economic Theory, 2009, 144, (5), 1996-2020 Downloads View citations (55)
  5. Why are banks holding so many excess reserves?
    Current Issues in Economics and Finance, 2009, 15, (Dec) Downloads View citations (82)
    See also Working Paper Why are banks holding so many excess reserves?, Staff Reports (2009) Downloads View citations (59) (2009)

2008

  1. Divorcing money from monetary policy
    Economic Policy Review, 2008, 14, (Sep), 41-56 Downloads View citations (114)
  2. Understanding monetary policy implementation
    Economic Quarterly, 2008, 94, (Sum), 235-263 Downloads View citations (64)

2006

  1. Bank runs and investment decisions revisited
    Journal of Monetary Economics, 2006, 53, (2), 217-232 Downloads View citations (58)
    See also Working Paper Bank Runs and Investment Decisions Revisited, 2004 Meeting Papers (2004) Downloads (2004)
  2. DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM
    Macroeconomic Dynamics, 2006, 10, (1), 1-19 Downloads View citations (29)
    See also Working Paper Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium, Working Papers (2003) Downloads View citations (6) (2003)

2005

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

2004

  1. 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 Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case, Working Papers (2002) Downloads View citations (1) (2002)

2003

  1. Economic growth, liquidity, and bank runs
    Journal of Economic Theory, 2003, 109, (2), 220-245 Downloads View citations (78)
    See also Working Paper Economic growth, liquidity, and bank runs, Working Paper (2003) Downloads View citations (72) (2003)

2002

  1. A Characterization of Robust Sunspot Equilibria
    Journal of Economic Theory, 2002, 107, (1), 136-144 Downloads View citations (2)
    See also Working Paper A Characterization of Robust Sunspot Equilibria, University of California at Santa Barbara, Economics Working Paper Series (1999) Downloads (1999)
  2. Equilibrium Prices When the Sunspot Variable Is Continuous
    Journal of Economic Theory, 2002, 107, (1), 11-38 Downloads View citations (12)

2001

  1. Dollarization as a monetary arrangement for emerging market economies
    Review, 2001, 83, (Nov.), 29-40 Downloads View citations (14)
  2. Growth Dynamics and Returns to Scale: Bifurcation Analysis
    Journal of Economic Theory, 2001, 96, (1-2), 70-96 Downloads View citations (7)
  3. MONEY TAXES, MARKET SEGMENTATION, AND SUNSPOT EQUILIBRIA
    Macroeconomic Dynamics, 2001, 5, (3), 327-352 Downloads
  4. Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort
    Journal of Economic Theory, 2001, 99, (1-2), 187-219 Downloads View citations (46)
    See also Working Paper Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort, Working Papers (2000) Downloads View citations (5) (2000)

1998

  1. Money Taxes and Efficiency When Sunspots Matter
    Journal of Economic Theory, 1998, 83, (1), 43-68 Downloads View citations (9)
  2. Options and sunspots in a simple monetary economy
    Economic Theory, 1998, 11, (2), 295-315 Downloads 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 Downloads View citations (1)
    See also Journal Article The interplay between liquidity regulation, monetary policy implementation and financial stability, Elsevier (2019) Downloads View citations (4) (2019)

2013

  1. On the Economics of Committed Liquidity Facilities
    A chapter in Liquidity and Funding Markets, 2013 Downloads View citations (1)
    See also Working Paper On the economics of committed liquidity facilities, Bank for International Settlements (2014) Downloads View citations (4) (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 Downloads
    See also Journal Article Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) Downloads View citations (13) (2016)
 
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