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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.
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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.
Asani Sarkar |
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Financial Research Advisor |
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Fields of interest
Asani Sarkar is a financial research advisor in Non-Bank Financial Institution Studies within the Financial Intermediation Policy Research Division. He is currently working on the effects of liquidity regulations on bank lending and resilience, measures of too-big-to-fail risk, fintech, and the real economy effects of the Federal Reserve’s liquidity provision programs during the crisis. His paper “Stigma in Financial Markets: Evidence from Liquidity Auctions and Discount Window Borrowing During the Crisis” received the Western Finance Association (WFA) Pearson Award for 2011 for the best paper on Financial Institutions and Markets. Dr. Sarkar’s papers have appeared in, among others, the Journal of Finance, Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Business, the Journal of Empirical Finance, and the Journal of Financial Intermediation. In the past, Dr. Sarkar has also held positions at Princeton University, Columbia University and the University of Illinois at Urbana-Champaign. Dr. Sarkar received his Ph.D. in Economics from the University of Pennsylvania.
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