At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
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Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
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The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Gabriele La Spada |
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Financial Research Advisor |
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The Money Market Mutual Fund Liquidity Facility
With Kenechukwu Anadu, Marco Cipriani, and Ryan M. Craver Federal Reserve Bank of New York Economic Policy Review, Volume 28 Number 1, June 2022 The Market Events of Mid-September 2019 With Gara Afonso, Marco Cipriani, Adam Copeland, Anna Kovner, and Antoine Martin Federal Reserve Bank of New York Economic Policy Review, Volume 27 Number 2, August 2021 Investors’ Appetite for Money-Like Assets: The Money Market Fund Industry after the 2014 Regulatory Reform with Marco Cipriani Journal of Financial Economics, 2017, 140(1), April 2021, 250-269 See also >> Federal Reserve Bank of New York Staff Reports, Number 816, June 2017, Revised June 2018 Competition, Reach for Yield, and Money Market Funds Journal of Financial Economics, 129(1), 87-110 See also >> Federal Reserve Bank of New York Staff Reports, Number 753, December 2015, Revised January 2017 The Effect of Round-off Error on Long Memory Processes With Fabrizio Lillo Studies in Nonlinear Dynamics and Econometrics, 18 (4), 445-482, 2014 Tick Size and Price Diffusion With J. Doyne Farmer and Fabrizio Lillo Econophysics of Order-Driven Markets, in F. Abergel, B.K. Chakrabarti, A. Chakraborti, and M. Mitra (eds.), Springer, 2011 The Non-Random Walk of Stock Prices: The Long-Term Correlation between Signs and Sizes With J. Doyne Farmer and Fabrizio Lillo European Physical Journal B, 64, 607-614, 2008 The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. |