Details about Donald P. Morgan

Workplace:

Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC)

Access statistics for papers by Donald P. Morgan.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pmo418

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Working Papers

2024

1. Learning by Bouncing: Overdraft Experience and Salience
   Liberty Street Economics, Federal Reserve Bank of New York

2023

2. Banks versus Hurricanes
   Liberty Street Economics, Federal Reserve Bank of New York
3. Banks versus Hurricanes: A Case Study of Puerto Rico after Hurricanes Irma and Maria
   Staff Reports, Federal Reserve Bank of New York

2022

4. Climate Change and Financial Stability: The Weather Channel
   Liberty Street Economics, Federal Reserve Bank of New York
5. Climate-related Financial Stability Risks for the United States: Methods and Applications
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
6. Nonconforming Preferences: Jumbo Mortgage Lending and Large Bank Stress Tests
   Staff Reports, Federal Reserve Bank of New York

2021

7. COVID Response: The Main Street Lending Program
   Staff Reports, Federal Reserve Bank of New York View citations (1)
8. Hold the Check: Overdrafts, Fee Caps, and Financial Inclusion
   Liberty Street Economics, Federal Reserve Bank of New York
9. How Bad Are Weather Disasters for Banks?
   Staff Reports, Federal Reserve Bank of New York View citations (5)
10. The Main Street Lending Program
    Current Policy Perspectives, Federal Reserve Bank of Boston
    See also Journal Article The Main Street Lending Program, Economic Policy Review, Federal Reserve Bank of New York (2022) (2022)
11. Up on Main Street
    Liberty Street Economics, Federal Reserve Bank of New York
12. Who Pays the Price? Overdraft Fee Ceilings and the Unbanked
    Staff Reports, Federal Reserve Bank of New York View citations (1)

2020

13. Bank Capital, Loan Liquidity, and Credit Standards since the Global Financial Crisis
    Liberty Street Economics, Federal Reserve Bank of New York
14. Leverage Ratio Arbitrage All Over Again
    Liberty Street Economics, Federal Reserve Bank of New York

2018

15. Bank leverage limits and regulatory arbitrage: new evidence on a recurring question
    Staff Reports, Federal Reserve Bank of New York View citations (1)
16. Leverage Rule Arbitrage
    Liberty Street Economics, Federal Reserve Bank of New York
17. The ‘Banking Desert’ Mirage
    Liberty Street Economics, Federal Reserve Bank of New York

2017

18. Getting More from the Senior Loan Officer Opinion Survey?
    Liberty Street Economics, Federal Reserve Bank of New York

2016

19. Banking Deserts, Branch Closings, and Soft Information
    Liberty Street Economics, Federal Reserve Bank of New York View citations (5)
20. Crisis Chronicles: The Gold Panic of 1869, America’s First Black Friday
    Liberty Street Economics, Federal Reserve Bank of New York
21. Fear of $10 Billion
    Liberty Street Economics, Federal Reserve Bank of New York
22. The Final Crisis Chronicle: The Panic of 1907 and the Birth of the Fed
    Liberty Street Economics, Federal Reserve Bank of New York

2015

23. Crisis Chronicles – The California Gold Rush and the Gold Standard
    Liberty Street Economics, Federal Reserve Bank of New York
24. Crisis Chronicles: Railway Mania, the Hungry Forties, and the Commercial Crisis of 1847
    Liberty Street Economics, Federal Reserve Bank of New York
25. Crisis Chronicles: The Cotton Famine of 1862-63 and the U.S. One-Dollar Note
    Liberty Street Economics, Federal Reserve Bank of New York
26. Crisis Chronicles: The Panic of 1825 and the Most Fantastic Financial Swindle of All Time
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
27. Reframing the Debate about Payday Lending
    Liberty Street Economics, Federal Reserve Bank of New York

2014

28. Crisis Chronicles: The British Export Bubble of 1810 and Pegged versus Floating Exchange Rates
    Liberty Street Economics, Federal Reserve Bank of New York
29. Crisis Chronicles: The Crisis of 1816, the Year without a Summer, and Sunspot Equilibira
    Liberty Street Economics, Federal Reserve Bank of New York
30. Crisis Chronicles: The Hamburg Crisis of 1799 and How Extreme Winter Weather Still Disrupts the Economy
    Liberty Street Economics, Federal Reserve Bank of New York
31. Crisis Chronicles: The Panic of 1819—America’s First Great Economic Crisis
    Liberty Street Economics, Federal Reserve Bank of New York
32. Introducing a Series on Large and Complex Banks
    Liberty Street Economics, Federal Reserve Bank of New York
33. Parting Reflections on the Series on Large and Complex Banks
    Liberty Street Economics, Federal Reserve Bank of New York
34. The Benefits of Intrastate and Interstate Geographic Diversification in Banking
    Working Papers, HAL
35. Why Large Bank Failures Are So Messy and What to Do about It?
    Liberty Street Economics, Federal Reserve Bank of New York

2013

36. Piggy Banks
    Liberty Street Economics, Federal Reserve Bank of New York

2012

37. Do Payday Lenders Target Minorities
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
38. Is the 2005 Bankruptcy Reform Working?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
39. The Role of Bank Credit Enhancements in Securitization
    Liberty Street Economics, Federal Reserve Bank of New York View citations (5)
    See also Journal Article The Role of bank credit enhancements in securitization, Economic Policy Review, Federal Reserve Bank of New York (2012) View citations (13) (2012)
40. What’s Driving Up Money Growth?
    Liberty Street Economics, Federal Reserve Bank of New York

2011

41. Stress Test Success and Bank Opacity
    Liberty Street Economics, Federal Reserve Bank of New York

2010

42. The information value of the stress test and bank opacity
    Staff Reports, Federal Reserve Bank of New York View citations (22)

2009

43. Price-increasing competition: the curious case of overdraft versus deferred deposit credit
    Staff Reports, Federal Reserve Bank of New York View citations (2)

2008

44. How household fare after payday credit banks
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
45. Seismic effects of the bankruptcy reform
    Staff Reports, Federal Reserve Bank of New York View citations (7)

2007

46. Defining and detecting predatory lending
    Staff Reports, Federal Reserve Bank of New York View citations (9)
47. Payday holiday: how households fare after payday credit bans
    Staff Reports, Federal Reserve Bank of New York View citations (26)
48. The Bankruptcy Abuse Prevention and Consumer Protection Act: means-testing or mean spirited?
    Staff Reports, Federal Reserve Bank of New York View citations (5)

2005

49. Too big to fail after all these years
    Staff Reports, Federal Reserve Bank of New York View citations (40)

2004

50. Bank Integration and State Business Cycles
    SIFR Research Report Series, Institute for Financial Research View citations (270)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (21)
51. The Credit Cycle and the Business Cycle: New Findings Using the Loan Officer Opinion Survey
    SIFR Research Report Series, Institute for Financial Research View citations (23)
    See also Journal Article The Credit Cycle and the Business Cycle: New Findings Using the Loan Officer Opinion Survey, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (422) (2006)

2003

52. Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2003) View citations (22)
    See also Chapter Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2004) View citations (34) (2004)

2002

53. Did interstate banking deregulation reduce state business cycle fluctuations?
    Proceedings, Federal Reserve Bank of Chicago
54. The credit cycle and the business cycle: new findings using the \"lost\" series on commercial credit standards
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

2001

55. Bank Integration and Business Volatility
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2000) View citations (1)
56. Bank Integration and Business Volatility in the U.S
    Working Papers, Swiss National Bank, Study Center Gerzensee

2000

57. Bank commitment relationships, cash flow constraints, and liquidity management
    Staff Reports, Federal Reserve Bank of New York View citations (1)
58. Bond market discipline of banks
    Proceedings, Federal Reserve Bank of Chicago
59. Rating risks: risk and uncertainty in an opaque industry
    Staff Reports, Federal Reserve Bank of New York

1999

60. Bond market discipline of banks: is the market tough enough?
    Staff Reports, Federal Reserve Bank of New York View citations (24)
61. Whether and why banks are opaque
    Proceedings, Federal Reserve Bank of Chicago View citations (4)

1998

62. Judging the risk of banks: what makes banks opaque?
    Research Paper, Federal Reserve Bank of New York View citations (7)
63. Piggy banks: financial intermediaries as a commitment to save
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article Piggy Banks: Financial Intermediaries as a Commitment to Save, Journal of Financial Services Research, Springer (2014) (2014)
64. Risk and the democratization of credit cards
    Research Paper, Federal Reserve Bank of New York View citations (5)
65. The changing mix of bank card borrowers and the rising rate of charge-offs
    Proceedings, Federal Reserve Bank of Chicago

1997

66. Information problems and deposit constraints at banks
    Research Paper, Federal Reserve Bank of New York View citations (6)

1995

67. Bank Loan Commitment and the Lending Channel of Monetary Policy
    Working Papers, Columbia - Graduate School of Business
68. Bank Monitoring Mitigates Agency Problems: New Evidence Using the Financial Covenants in Bank Loan Commitments
    Working Papers, Columbia - Graduate School of Business View citations (2)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1993)

1992

69. Bank loan commitments and the lending view of monetary policy
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (5)

1991

70. Imperfect information and financial constraints: new evidence using bank loan commitments
    Research Working Paper, Federal Reserve Bank of Kansas City

1990

71. Bank credit commitments
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)

1989

72. Bank credit commitments and credit rationing
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

Journal Articles

2022

1. The Main Street Lending Program
   Economic Policy Review, 2022, 28, (1)
   See also Working Paper The Main Street Lending Program, Current Policy Perspectives (2021) (2021)

2015

2. Competition in a consumer loan market: Payday loans and overdraft credit
   Journal of Financial Intermediation, 2015, 24, (1), 25-44 View citations (17)

2014

3. Piggy Banks: Financial Intermediaries as a Commitment to Save
   Journal of Financial Services Research, 2014, 45, (3), 271-286
   See also Working Paper Piggy banks: financial intermediaries as a commitment to save, Staff Reports (1998) View citations (2) (1998)
4. The Information Value of the Stress Test
   Journal of Money, Credit and Banking, 2014, 46, (7), 1479-1500 View citations (60)
5. What makes large bank failures so messy and what should be done about it?
   Economic Policy Review, 2014, (Dec), 229-244 View citations (4)

2012

6. How Payday Credit Access Affects Overdrafts and Other Outcomes
   Journal of Money, Credit and Banking, 2012, 44, 519-531 View citations (60)
7. Subprime foreclosures and the 2005 bankruptcy reform
   Economic Policy Review, 2012, 18, (Mar), 47-57 View citations (7)
8. The Role of bank credit enhancements in securitization
   Economic Policy Review, 2012, (07), 35-46 View citations (13)
   See also Working Paper The Role of Bank Credit Enhancements in Securitization, Liberty Street Economics (2012) View citations (5) (2012)

2011

9. The Development of Community-Based Foundations in East Asia
   Public Management Review, 2011, 13, (8), 1155-1178 View citations (1)

2007

10. Trends in financial market concentration and their implications for market stability
    Economic Policy Review, 2007, 13, (Mar), 33-51 View citations (19)

2006

11. Local or state? Evidence on bank market size using branch prices
    Economic Policy Review, 2006, 12, (May), 15-25 View citations (3)
12. The Credit Cycle and the Business Cycle: New Findings Using the Loan Officer Opinion Survey
    Journal of Money, Credit and Banking, 2006, 38, (6), 1575-1597 View citations (422)
    See also Working Paper The Credit Cycle and the Business Cycle: New Findings Using the Loan Officer Opinion Survey, SIFR Research Report Series (2004) View citations (23) (2004)

2004

13. Conference overview and summary of papers
    Economic Policy Review, 2004, (Sep), 3-6

2003

14. Using Loan Rates to Measure and Regulate Bank Risk: Findings and an Immodest Proposal
    Journal of Financial Services Research, 2003, 24, (2), 181-200 View citations (34)

2002

15. Credit effects in the monetary mechanism
    Economic Policy Review, 2002, 8, (May), 217-235 View citations (44)
16. Introduction
    Economic Policy Review, 2002, 8, (Nov), 1-4
17. Rating Banks: Risk and Uncertainty in an Opaque Industry
    American Economic Review, 2002, 92, (4), 874-888 View citations (536)

2001

18. Market Discipline of Banks: The Asset Test
    Journal of Financial Services Research, 2001, 20, (2), 195-208 View citations (119)

2000

19. Capital Market Frictions and Deposit Constraints at Banks
    Journal of Money, Credit and Banking, 2000, 32, (1), 74-92 View citations (115)
20. Listening to loan officers: the impact of commercial credit standards on lending and output
    Economic Policy Review, 2000, (Jul), 1-16 View citations (79)

1999

21. Meet the new borrowers
    Current Issues in Economics and Finance, 1999, 5, (Feb) View citations (16)

1998

22. The Credit Effects of Monetary Policy: Evidence Using Loan Commitments
    Journal of Money, Credit and Banking, 1998, 30, (1), 102-18 View citations (69)

1997

23. Bad debt rising
    Current Issues in Economics and Finance, 1997, 3, (Mar) View citations (14)

1995

24. Is bank lending special?
    Conference Series ; [Proceedings], 1995, 39, 15-44 View citations (21)

1994

25. Bank Credit Commitments, Credit Rationing, and Monetary Policy
    Journal of Money, Credit and Banking, 1994, 26, (1), 87-101 View citations (12)
26. Will the shift to stocks and bonds by households be destabilizing?
    Economic Review, 1994, 79, (Q II), 31-44 View citations (4)

1993

27. Asymmetric effects of monetary policy
    Economic Review, 1993, 78, (Q II), 21-33 View citations (93)
28. Financial contracts when costs and returns are private
    Journal of Monetary Economics, 1993, 31, (1), 129-146 View citations (7)

1992

29. Are bank loans a force in monetary policy?
    Economic Review, 1992, 77, (Q II), 31-41 View citations (4)

1991

30. New evidence firms are financially constrained
    Economic Review, 1991, 76, (Sep), 37-45 View citations (5)
31. Will just-in-time inventory techniques dampen recessions?
    Economic Review, 1991, 76, (Mar), 21-33 View citations (12)

1990

32. Bank credit commitments: protection from a credit crunch?
    Economic Review, 1990, 75, (Sep), 51-59 View citations (1)
33. Monetary policy issues in the 1990s: a summary of the Bank's 1989 symposium
    Economic Review, 1990, 75, (Jan), 50-59

1989

34. The Federal Reserve's midyear monetary policy report to Congress
    Financial Letters, 1989, (Aug) View citations (1)

Chapters

2004

1. Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries
   Chapter 8 in Banking Market Structure and Monetary Policy, 2004, vol. 7, pp 241-270 View citations (34)
   See also Working Paper Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries, National Bureau of Economic Research, Inc (2003) View citations (21) (2003)