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Photo of Alain Chaboud

Alain Chaboud

Senior Economic Project Manager Program Direction Section International Finance
202-452-3756
[email protected]

Education

  • Ph.D., Economics, University of Wisconsin, 1997
  • B.S., Economics, Texas A&M University, 1988
Current Research Topics
  • Treasury Market Reform
  • FX Market Reaction to Central Bank Announcements
  • Economist

    Board of Governors of the Federal Reserve System

    1998 - present
  • Visiting Professor

    Johns Hopkins University

    2009
  • All-to-All Trading in the U.S. Treasury Market
    Alain Chaboud, Ellen Correia Golay, Caren Cox, Michael J. Fleming, Yesol Huh, Frank M. Keane, Kyle Lee, Krista Schwarz, Clara Vega, and Carolyn Windover
    Staff reports (Federal Reserve Bank of New York) (2022)
  • The Global Dash for Cash: Why Sovereign Bond Market Functioning Varied across Jurisdictions in March 2020
    Jordan Barone, Alain Chaboud, Adam Copeland, Cullen Kavoussi, Frank M. Keane, and Seth Searls
    Staff reports (Federal Reserve Bank of New York) (2022)
  • The Evolution of Price Discovery in an Electronic Market
    Alain Chaboud, Erik Hjalmarsson, and Filip Zikes
    Journal of Banking & Finance (2021)
    https://doi.org/10.1016/j.jbankfin.2021.106171
    See also » FRB Working Paper (2020)
  • Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market
    Alain Chaboud, Benjamin Chiquoine, Erik Hjalmarsson, and Clara Vega
    Journal of Finance (2014)
    https://doi.org/10.1111/jofi.12186
  • Frequency of Observation and the Estimation of Integrated Volatility in Deep and Liquid Financial Markets
    Alain P. Chaboud, Benjamin Chiquoine, Erik Hjalmarsson, and Mico Loretan
    Journal of Empirical Finance (2010)
    https://doi.org/10.1016/j.jempfin.2009.09.003
  • What Drives Volatility Persistence in the Foreign Exchange Market?
    David Berger, Alain Chaboud, and Erik Hjalmarsson
    Journal of Financial Economics (2009)
    https://doi.org/10.1016/j.jfineco.2008.10.006
  • Trading Activity and Macroeconomic Announcements in High-Frequency Exchange Rate Data
    Alain P. Chaboud, Sergey V. Chernenko, and Jonathan H. Wright
    Journal of the European Economic Association (2008)
    https://doi.org/10.1162/JEEA.2008.6.2-3.589
  • Order Flow and Exchange Rate Dynamics in Electronic Brokerage System Data
    David W. Berger, Alain P. Chaboud, Sergey V. Chernenko, Edward Howorka, and Jonathan H. Wright
    Journal of International Economics (2008)
    https://doi.org/10.1016/j.jinteco.2007.10.004
  • Trading Activity and Exchange Rates in High-Frequency EBS Data
    Alain P. Chaboud, Sergey V. Chernenko, and Jonathan H. Wright
    International Finance Discussion Papers (2007)
    https://doi.org/10.17016/IFDP.2007.903
  • What Can the Data Tell Us about Carry Trades in Japanese Yen?
    Joseph E. Gagnon and Alain P. Chaboud
    International Finance Discussion Papers (2007)
  • An Assessment of the Impact of Japanese Foreign Exchange Intervention: 1991-2004
    Alain P. Chaboud and Owen Humpage
    International Finance Discussion Papers (2005)
  • Uncovered Interest Parity: It Works, but Not for Long
    Alain P. Chaboud and Jonathan H. Wright
    Journal of International Economics (2005)
    https://doi.org/10.1016/j.jinteco.2004.07.004
  • The High-Frequency Effects of U.S. Macroeconomic Data Releases on Prices and Trading Activity in the Global Interdealer Foreign Exchange Market
    Alain P. Chaboud, Sergey Chernenko, Edward Howorka, Raj S. Krishnasami Iyer, David Liu, and Jonathan H. Wright
    International Finance Discussion Papers (2004)
  • An Analysis of Japanese Foreign Exchange Interventions, 1991-2002
    Alain P. Chaboud and Owen F. Humpage
    Working Paper (Federal Reserve Bank of Cleveland) (2003)
  • Foreign-Exchange Trading Volume and Federal Reserve Intervention
    Alain P. Chaboud and Blake LeBaron
    Journal of Futures Markets (2001)
    https://doi.org/10.1002/fut.1904
  • Three Essays in International Economics
    Alain Chaboud
    University of Wisconsin (1997)
Last update: November 14, 2022