Details about Anna Kovner

Access statistics for papers by Anna Kovner.

Last updated 2024-10-08. Update your information in the RePEc Author Service.

Short-id: pko289

Working Papers

2024

1. Anatomy of the Bank Runs in March 2023
   Liberty Street Economics, Federal Reserve Bank of New York
   See also Journal Article Anatomy of the Bank Runs in March 2023, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2024) (2024)
2. Bank Capital and Real GDP Growth
   Working Paper, Federal Reserve Bank of Richmond
   Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (5)
3. Can I Speak to Your Supervisor? The Importance of Bank Supervision
   Liberty Street Economics, Federal Reserve Bank of New York
4. Corporate Bond Market Distress
   Working Paper, Federal Reserve Bank of Richmond
   Also in Staff Reports, Federal Reserve Bank of New York (2021) View citations (2)
5. To Whom It May Concern: Demographic Differences in Letters of Recommendation
   Liberty Street Economics, Federal Reserve Bank of New York
   See also Journal Article To Whom It May Concern: Demographic Differences in Letters of Recommendation, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2024) (2024)
6. Tracing Bank Runs in Real Time
   Working Paper, Federal Reserve Bank of Richmond View citations (1)
   Also in Staff Reports, Federal Reserve Bank of New York (2024) View citations (2)

2022

7. Do Corporate Profits Increase When Inflation Increases?
   Liberty Street Economics, Federal Reserve Bank of New York
8. How Is the Corporate Bond Market Functioning as Interest Rates Increase?
   Liberty Street Economics, Federal Reserve Bank of New York
9. How Is the Corporate Bond Market Responding to Financial Market Volatility?
   Liberty Street Economics, Federal Reserve Bank of New York
10. Implications of Cyber Risk for Financial Stability
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
11. What Is Corporate Bond Market Distress?
    Liberty Street Economics, Federal Reserve Bank of New York
12. When It Rains, It Pours: Cyber Risk and Financial Conditions
    Staff Reports, Federal Reserve Bank of New York View citations (1)

2021

13. COVID Response: The Commercial Paper Funding Facility
    Staff Reports, Federal Reserve Bank of New York View citations (3)
14. COVID Response: The Primary and Secondary Corporate Credit Facilities
    Staff Reports, Federal Reserve Bank of New York View citations (1)
15. Climate Change and Financial Stability
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
16. Measuring the Forest through the Trees: The Corporate Bond Market Distress Index
    Liberty Street Economics, Federal Reserve Bank of New York
17. State-of-the-Field Conference on Cyber Risk to Financial Stability
    Liberty Street Economics, Federal Reserve Bank of New York

2020

18. Bank Supervision
    Staff Reports, Federal Reserve Bank of New York
    See also Journal Article Bank Supervision, Annual Review of Financial Economics, Annual Reviews (2022) (2022)
19. Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis
    Staff Reports, Federal Reserve Bank of New York View citations (3)
    See also Journal Article Cyber risk and the U.S. financial system: A pre-mortem analysis, Journal of Financial Economics, Elsevier (2022) View citations (12) (2022)
20. Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic
    Liberty Street Economics, Federal Reserve Bank of New York
21. How Does Supervision Affect Bank Performance during Downturns?
    Liberty Street Economics, Federal Reserve Bank of New York
22. How Has COVID-19 Affected Banking System Vulnerability?
    Liberty Street Economics, Federal Reserve Bank of New York
23. Implications of the COVID-19 Disruption for Corporate Leverage
    Liberty Street Economics, Federal Reserve Bank of New York
24. It's What You Say and What You Buy: A Holistic Evaluation of the Corporate Credit Facilities
    CESifo Working Paper Series, CESifo View citations (27)
    Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (23)
    See also Journal Article It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities, Journal of Financial Economics, Elsevier (2022) View citations (19) (2022)
25. It’s what you say and what you buy: A holistic evaluation of the Corporate Credit Facilities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
26. Market Failures and Official Sector Interventions
    Liberty Street Economics, Federal Reserve Bank of New York
27. Municipal Debt Markets and the COVID-19 Pandemic
    Liberty Street Economics, Federal Reserve Bank of New York View citations (9)
28. Panel Remarks: The Fed and Main Street during the Coronavirus Pandemic
    Speech, Federal Reserve Bank of New York
29. The Banking Industry and COVID-19: Lifeline or Life Support?
    Liberty Street Economics, Federal Reserve Bank of New York
30. The Commercial Paper Funding Facility
    Liberty Street Economics, Federal Reserve Bank of New York
    See also Journal Article The Commercial Paper Funding Facility, Economic Policy Review, Federal Reserve Bank of New York (2022) (2022)
31. The Impact of the Corporate Credit Facilities
    Liberty Street Economics, Federal Reserve Bank of New York
32. The Market Events of Mid-September 2019
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (12)
    See also Journal Article The Market Events of Mid-September 2019, Economic Policy Review, Federal Reserve Bank of New York (2021) View citations (2) (2021)
33. The Official Sector’s Response to the Coronavirus Pandemic and Moral Hazard
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
34. The Primary and Secondary Market Corporate Credit Facilities
    Liberty Street Economics, Federal Reserve Bank of New York View citations (4)

2019

35. Banking System Vulnerability: Annual Update
    Liberty Street Economics, Federal Reserve Bank of New York
36. Is There Too Much Business Debt?
    Liberty Street Economics, Federal Reserve Bank of New York
37. Macroprudential Policy: Results from a Tabletop Exercise
    Working Papers, Federal Reserve Bank of Cleveland View citations (1)

2018

38. Evaluating regulatory reform: banks’ cost of capital and lending
    Staff Reports, Federal Reserve Bank of New York View citations (4)
    See also Journal Article Evaluating Regulatory Reform: Banks' Cost of Capital and Lending, Journal of Money, Credit and Banking, Blackwell Publishing (2022) View citations (2) (2022)
39. Regulatory Changes and the Cost of Capital for Banks
    Liberty Street Economics, Federal Reserve Bank of New York View citations (6)
40. Tax Reform's Impact on Bank and Corporate Cyclicality
    Liberty Street Economics, Federal Reserve Bank of New York

2017

41. Low Interest Rates and Bank Profits
    Liberty Street Economics, Federal Reserve Bank of New York

2016

42. Are Stress Tests Still Informative?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
43. How Does Supervision Affect Banks?
    Liberty Street Economics, Federal Reserve Bank of New York
44. The impact of supervision on bank performance
    Staff Reports, Federal Reserve Bank of New York View citations (26)
    See also Journal Article The Impact of Supervision on Bank Performance, Journal of Finance, American Finance Association (2020) View citations (48) (2020)

2015

45. Are BHC and Federal Reserve Stress Test Results Converging? What Do We Learn from 2015?
    Liberty Street Economics, Federal Reserve Bank of New York
46. Are BHCs Mimicking the Fed's Stress Test Results?
    Liberty Street Economics, Federal Reserve Bank of New York
47. Bank Capital and Risk: Cautionary or Precautionary?
    Liberty Street Economics, Federal Reserve Bank of New York
48. Evaluating the information in the Federal Reserve stress tests
    Staff Reports, Federal Reserve Bank of New York View citations (5)
    See also Journal Article Evaluating the information in the federal reserve stress tests, Journal of Financial Intermediation, Elsevier (2017) View citations (79) (2017)
49. Supervising large, complex financial companies: what do supervisors do?
    Staff Reports, Federal Reserve Bank of New York View citations (5)

2014

50. Assessing financial stability: the Capital and Loss Assessment under Stress Scenarios (CLASS) model
    Staff Reports, Federal Reserve Bank of New York View citations (6)
    See also Journal Article Assessing financial stability: The Capital and Loss Assessment under Stress Scenarios (CLASS) model, Journal of Banking & Finance, Elsevier (2016) View citations (30) (2016)
51. Becoming More Alike? Comparing Bank and Federal Reserve Stress Test Results
    Liberty Street Economics, Federal Reserve Bank of New York
52. Comparing Bank and Supervisory Stress Testing Projections
    Liberty Street Economics, Federal Reserve Bank of New York
53. Do Big Banks Have Lower Operating Costs?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (15)
    See also Journal Article Do big banks have lower operating costs?, Journal of Financial Perspectives, EY Global FS Institute (2015) View citations (2) (2015)
54. The CLASS Model: A Top-Down Assessment of the U.S. Banking System
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2013

55. Data Link Helps Shed Light on Banks and Public Equity
    Liberty Street Economics, Federal Reserve Bank of New York
56. Evaluating the quality of fed funds lending estimates produced from Fedwire payments data
    Staff Reports, Federal Reserve Bank of New York View citations (13)
57. How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (16)
    See also Journal Article How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007, Journal of Financial Intermediation, Elsevier (2017) View citations (19) (2017)
58. Trading Partners in the Interbank Lending Market
    Staff Reports, Federal Reserve Bank of New York View citations (59)

2012

59. Doing Well by Doing Good? Community Development Venture Capital
    Liberty Street Economics, Federal Reserve Bank of New York
    Also in Staff Reports, Federal Reserve Bank of New York (2012)
    See also Journal Article Doing Well by Doing Good? Community Development Venture Capital, Journal of Economics & Management Strategy, Wiley Blackwell (2015) View citations (13) (2015)
60. The Private Premium in Public Bonds?
    Liberty Street Economics, Federal Reserve Bank of New York
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012)
    Staff Reports, Federal Reserve Bank of New York (2012)

2010

61. Do underwriters matter? The impact of the near loss of an equity underwriter
    Staff Reports, Federal Reserve Bank of New York
62. Stressed not Frozen: The Fed Funds Market in the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
63. Stressed, not frozen: the Federal Funds market in the financial crisis
    Staff Reports, Federal Reserve Bank of New York View citations (65)
    See also Journal Article Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis, Journal of Finance, American Finance Association (2011) View citations (346) (2011)

2009

64. Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)

2006

65. Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)

2005

66. Venture Capital Investment Cycles: The Impact of Public Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Venture capital investment cycles: The impact of public markets, Journal of Financial Economics, Elsevier (2008) View citations (173) (2008)

Journal Articles

2025

1. Opinion: Digital Assets and Blockchain Through an Economics Lens
   Econ Focus, 2025, 25, (1Q/2Q), 32
2. When It Rains, It Pours: Cyber Vulnerability and Financial Conditions
   Economic Policy Review, 2025, 31, (1), 1-24

2024

3. Anatomy of the Bank Runs in March 2023
   Richmond Fed Economic Brief, 2024, 24, (39)
   See also Working Paper Anatomy of the Bank Runs in March 2023, Liberty Street Economics (2024) (2024)
4. Opinion: Banks and the Commercial Real Estate Challenge
   Econ Focus, 2024, 24, (4Q), 32
5. To Whom It May Concern: Demographic Differences in Letters of Recommendation
   Richmond Fed Economic Brief, 2024, 24, (35)
   See also Working Paper To Whom It May Concern: Demographic Differences in Letters of Recommendation, Liberty Street Economics (2024) (2024)

2022

6. Bank Supervision
   Annual Review of Financial Economics, 2022, 14, (1), 39-56
   See also Working Paper Bank Supervision, Staff Reports (2020) (2020)
7. Cyber risk and the U.S. financial system: A pre-mortem analysis
   Journal of Financial Economics, 2022, 145, (3), 802-826 View citations (12)
   See also Working Paper Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis, Staff Reports (2020) View citations (3) (2020)
8. Evaluating Regulatory Reform: Banks' Cost of Capital and Lending
   Journal of Money, Credit and Banking, 2022, 54, (5), 1313-1367 View citations (2)
   See also Working Paper Evaluating regulatory reform: banks’ cost of capital and lending, Staff Reports (2018) View citations (4) (2018)
9. It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities
   Journal of Financial Economics, 2022, 144, (3), 695-731 View citations (19)
   See also Working Paper It's What You Say and What You Buy: A Holistic Evaluation of the Corporate Credit Facilities, CESifo Working Paper Series (2020) View citations (27) (2020)
10. The Commercial Paper Funding Facility
    Economic Policy Review, 2022, 28, (1)
    See also Working Paper The Commercial Paper Funding Facility, Liberty Street Economics (2020) (2020)
11. The Primary and Secondary Corporate Credit Facilities
    Economic Policy Review, 2022, 28, (1)

2021

12. The Market Events of Mid-September 2019
    Economic Policy Review, 2021, 27, (2), 26 View citations (2)
    See also Working Paper The Market Events of Mid-September 2019, Staff Reports (2020) View citations (9) (2020)

2020

13. The Impact of Supervision on Bank Performance
    Journal of Finance, 2020, 75, (5), 2765-2808 View citations (48)
    See also Working Paper The impact of supervision on bank performance, Staff Reports (2016) View citations (26) (2016)

2017

14. Evaluating the information in the federal reserve stress tests
    Journal of Financial Intermediation, 2017, 29, (C), 1-18 View citations (79)
    See also Working Paper Evaluating the information in the Federal Reserve stress tests, Staff Reports (2015) View citations (5) (2015)
15. How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007
    Journal of Financial Intermediation, 2017, 30, (C), 1-34 View citations (19)
    See also Working Paper How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007, CEPR Discussion Papers (2013) View citations (14) (2013)
16. Supervising large, complex financial institutions: what do supervisors do?
    Economic Policy Review, 2017, (23-1), 57-77 View citations (14)

2016

17. Assessing financial stability: The Capital and Loss Assessment under Stress Scenarios (CLASS) model
    Journal of Banking & Finance, 2016, 69, (S1), S35-S55 View citations (30)
    See also Working Paper Assessing financial stability: the Capital and Loss Assessment under Stress Scenarios (CLASS) model, Staff Reports (2014) View citations (6) (2014)

2015

18. Do big banks have lower operating costs?
    Journal of Financial Perspectives, 2015, 3, (1), 157-196 View citations (2)
    Also in Economic Policy Review, 2014, (Dec), 1-27 (2014) View citations (31)
    See also Working Paper Do Big Banks Have Lower Operating Costs?, Liberty Street Economics (2014) View citations (15) (2014)
19. Doing Well by Doing Good? Community Development Venture Capital
    Journal of Economics & Management Strategy, 2015, 24, (3), 643-663 View citations (13)
    See also Working Paper Doing Well by Doing Good? Community Development Venture Capital, Liberty Street Economics (2012) (2012)

2012

20. Do underwriters matter? The impact of the near failure of an equity underwriter
    Journal of Financial Intermediation, 2012, 21, (3), 507-529 View citations (13)

2011

21. Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis
    Journal of Finance, 2011, 66, (4), 1109-1139 View citations (346)
    See also Working Paper Stressed, not frozen: the Federal Funds market in the financial crisis, Staff Reports (2010) View citations (65) (2010)
22. The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking
    The Review of Financial Studies, 2011, 24, (7), 2462-2498 View citations (92)

2010

23. Buy local? The geography of venture capital
    Journal of Urban Economics, 2010, 67, (1), 90-102 View citations (125)
    See also Chapter Buy Local? The Geography of Venture Capital, NBER Chapters, 2010 (2010) View citations (138) (2010)
24. Performance persistence in entrepreneurship
    Journal of Financial Economics, 2010, 96, (1), 18-32 View citations (183)

2009

25. Specialization and Success: Evidence from Venture Capital
    Journal of Economics & Management Strategy, 2009, 18, (3), 817-844 View citations (112)
    See also Chapter Specialization and Success: Evidence from Venture Capital, NBER Chapters, 2007 (2007) (2007)

2008

26. Venture capital investment cycles: The impact of public markets
    Journal of Financial Economics, 2008, 87, (1), 1-23 View citations (173)
    See also Working Paper Venture Capital Investment Cycles: The Impact of Public Markets, NBER Working Papers (2005) View citations (14) (2005)

Chapters

2010

1. Buy Local? The Geography of Venture Capital
   A chapter in Cities and Entrepreneurship, 2010 View citations (138)
   See also Journal Article Buy local? The geography of venture capital, Elsevier (2010) View citations (125) (2010)

2007

2. Specialization and Success: Evidence from Venture Capital
   A chapter in Entrepreneurship: Strategy and Structure, 2007
   See also Journal Article Specialization and Success: Evidence from Venture Capital, Wiley Blackwell (2009) View citations (112) (2009)