Meet the Economists
Stefan Gissler
[email protected]
Education
- Ph.D., Economics, Universitat Pompeu Fabra, 2014
- Funding liquidty and market liquidity
- Leverage and asset price volatility
Principal Economist
Board of Governors of the Federal Reserve System
2021 - presentSr Economist
Board of Governors of the Federal Reserve System
2017 - 2021Economist
Board of Governors of the Federal Reserve System
2014 - 2017
- Federal Home Loan Banks and Financial Stability
Stefan Gissler, Borghan Narajabad, and Daniel K. Tarullo
Journal of Financial Regulation (2023)
https://doi.org/10.1093/jfr/fjad002 - Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power
Sebastian Doerr, Stefan Gissler, José-Luis Peydró, and Hans-Joachim Voth
Journal of Finance (2022)
https://doi.org/10.1111/jofi.13166 - The Effects of Competition in Consumer Credit Markets
Stefan Gissler, Rodney Ramcharan, and Edison Yu
Review of Financial Studies (2020)
https://doi.org/10.1093/rfs/hhaa035 - Private Supply of Safe Assets: Shadow Banks versus Traditional Banks
Stefan Gissler, Marco Macchiavelli, and Borghan Narajabad
American Economic Review: Papers and Proceedings (2020)
https://doi.org/10.1257/pandp.20201098 - Over-the-Counter Market Liquidity and Securities Lending
Nathan Foley-Fisher, Stefan Gissler, and Stéphane Verani
Review of Economic Dynamics (2019)
https://doi.org/10.1016/j.red.2019.02.005
See also » FRB Working Paper (2019) - The Effects of Competition in Consumer Credit Markets
Stefan Gissler, Rodney Ramcharan, and Edison Yu
NBER Working Paper Series (2019)
https://doi.org/10.3386/w26183 - From Finance to Extremism: The Real Effects of Germany's 1931 Banking Crisis
Sebastian Doerr, Stefan Gissler, José Luis Peydró, and Hans-Joachim Voth
CEPR Discussion Paper Series (2018) - The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Background
Stefan Gissler and Borghan Narajabad
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.2070 - The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 3: Implications for Financial Stability
Stefan Gissler and Borghan Narajabad
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.2094 - The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 2: Recent Trends and Potential Drivers
Stefan Gissler and Borghan Narajabad
FEDS Notes (2017)
https://doi.org/10.17016/2380-7172.2093 - Lockstep in Liquidity: Common Dealers and Co-movement in Bond Liquidity
Stefan Gissler
Journal of Financial Markets (2017)
https://doi.org/10.1016/j.finmar.2016.03.006 - Bank Complexity: Is Size Everything?
Jeremy Oldfather, Stefan Gissler, and Doriana Ruffino
FEDS Notes (2016)
https://doi.org/10.17016/2380-7172.1802 - Lending on Hold: Regulatory Uncertainty and Bank Lending Standards
Stefan Gissler, Jeremy Oldfather, and Doriana Ruffino
Journal of Monetary Economics (2016)
https://doi.org/10.1016/j.jmoneco.2016.03.011 - A Margin Call Gone Wrong: Credit, Stock Prices, and Germany's Black Friday 1927
Stefan Gissler
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.054 - Slow Capital, Fast Prices: Shocks to Funding Liquidity and Stock Price Reversals
Stefan Gissler
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.043
conference
January 2018Fed Day Ahread Conference
Over-the-counter market liquidity and securities lending
conference
December 2016Meeting of German Economists Abroad
Over-the-counter market liquidity and securities lending
conference
June 2016WFA
Lending on hold: Regulatory uncertainty and bank lending standards
conference
November 2015Carnegie-Rochester-NYU Conference
Lending on hold: Regulatory uncertainty and bank lending standards
conference
August 2015World Economic History Congress, Kyoto
A margin call gone wrong: Credit, stock prices, and Germany's Black Friday 1927
conference
July 2015Crisis in historical perspective, Deutsche Bundesbank
Slow capital, fast prices: Shocks to funding liquidity and stock price reversals
seminar
May 2015University of Southern Denmark
Slow capital, fast prices: Shocks to funding liquidity and stock price reversals
conference
May 2015Monetary History Workshop, Federal Reserve Bank of Atlanta
Slow capital, fast prices: Shocks to funding liquidity and stock price reversals
discussion
January 2015Basel Research Task Force Workshop, BIS
Abbassi, P., Iyer, R., Peydro, J., Tous: Security trading by banks and credit supply"
Awards
- 2013
European Finance Association
Best Doctoral Tutorial Paper
Referee
- Explorations in Economic History
- Journal of Finance and Banking
- Journal of Financial Services Research