Ricardo Correa

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

34

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Top 9,810

in Total Papers Downloads

6,390

SSRN CITATIONS
Rank 3,031

SSRN RANKINGS

Top 3,031

in Total Papers Citations

212

CROSSREF CITATIONS

228

Scholarly Papers (34)

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Valuation around the World

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 28 Apr 2014 Last Revised: 17 Aug 2016
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 1,286 (20,037)
Citation 10

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Executive compensation, say on pay laws, regulations, CEO pay slice, corporate governance, firm valuation, international.

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Value around the World

Number of pages: 58 Posted: 21 Sep 2013 Last Revised: 02 Apr 2014
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 339 (115,143)
Citation 21

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Executive compensation, say on pay laws, regulations, pay structure, CEO pay slice, firm valuation, corporate governance

Say on Pay Laws, Executive Compensation, CEO Pay Slice, and Firm Value Around the World

Number of pages: 55 Posted: 30 May 2017
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 94 (355,380)
Citation 2

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2.

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing

Number of pages: 61 Posted: 15 Oct 2020 Last Revised: 27 Oct 2021
Ricardo Correa, Ai He, Christoph Herpfer and Ugur Lel
Board of Governors of the Federal Reserve System, University of South Carolina - Darla Moore School of Business, Emory University - Goizueta Business School and University of Georgia - Department of Banking and Finance
Downloads 621 (56,357)

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Banks, climate change, loan pricing, natural disasters

The Systemic Risk of European Banks During the Financial and Sovereign Debt Crises

Number of pages: 52 Posted: 28 Nov 2012
Lamont Black, Ricardo Correa, Xin Huang and Hao Zhou
DePaul University - Driehaus College of Business, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and SUSTech Business School
Downloads 342 (113,995)
Citation 7

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European debt crisis, macroprudential regulation, banking systemic risk, credit default swap, too-big-to-fail, interconnectedness, leverage

The Systemic Risk of European Banks During the Financial and Sovereign Debt Crises

Number of pages: 60 Posted: 30 May 2017 Last Revised: 11 Jun 2017
Lamont Black, Ricardo Correa, Xin Huang and Hao Zhou
DePaul University - Driehaus College of Business, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and SUSTech Business School
Downloads 234 (169,288)
Citation 5

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4.

Cross-Border Bank Acquisitions: Is There a Performance Effect?

Number of pages: 49 Posted: 02 Apr 2008
Ricardo Correa
Board of Governors of the Federal Reserve System
Downloads 416 (91,864)
Citation 3

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Mergers and acquisitions, performance, international banking

International Evidence on Government Support and Risk Taking in the Banking Sector

Number of pages: 53 Posted: 21 Sep 2013
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 264 (150,211)
Citation 8

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ank risk, market discipline, government support, bank regulation

International Evidence on Government Support and Risk Taking in the Banking Sector

Number of pages: 37 Posted: 08 Jun 2013
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 118 (304,101)

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Banking sector, Bank supervision, Bank regulations, Risk management, Bank risk, Market Discipline, Government Support, Bank Regulation., bank risk taking, banking, deposit insurance, foreign currency deposit, return on assets, bank regulation, bank size, bank value, bank bailouts, banking industry, bank ownership, bank managers, bank valuation, bank subsidiaries, financial strength, bank distress, banking regulations, bank holding companies, bank supervisory power, bank charter, accounting treatment, banking crises, banking markets, liquidity ratio, bank behavior, bank balance sheets, banking system, bank risk-taking, bank equity, bank debt, bank failure, bank holding, bankers, banking regul

International Evidence on Government Support and Risk Taking in the Banking Sector

Number of pages: 48 Posted: 30 May 2017 Last Revised: 23 Aug 2021
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 15 (720,308)

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Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel During the European Sovereign Crisis

FRB Boston Risk and Policy Analysis Unit Paper No. RPA 16-4
Number of pages: 62 Posted: 07 Sep 2017
Ricardo Correa, Horacio Sapriza and Andrei Zlate
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 193 (203,093)

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Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel During the European Sovereign Crisis

Number of pages: 56 Posted: 24 Oct 2012 Last Revised: 08 Jul 2013
Ricardo Correa, Horacio Sapriza and Andrei Zlate
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 156 (244,438)
Citation 13

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Sovereign risk, international banking, money market funds, liquidity management

Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel During the European Sovereign Crisis

Number of pages: 41 Posted: 30 Jun 2013
Ricardo Correa, Horacio Sapriza and Andrei Zlate
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 26 (634,470)
Citation 5

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Sovereign risk, international banking, money market funds, liquidity management

7.

Sovereign Debt Crises

Oxford Handbook of Banking, Forthcoming, FRB International Finance Discussion Paper No. 1104
Number of pages: 41 Posted: 29 Aug 2014
Ricardo Correa and Horacio Sapriza
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 269 (148,067)

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Sovereign default, banking crises, government guarantees, financial safety net, bank regulation

Revenge of the Steamroller: ABCP as a Window on Risk Choices

Number of pages: 61 Posted: 11 Apr 2013
Board of Governors of the Federal Reserve - Division of International Finance (IFDP), Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Brigham Young University - Department of Finance
Downloads 139 (268,708)
Citation 18

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Risk decisions, systemic risk, bank runs, financial crisis, commercial paper

Revenge of the Steamroller: ABCP as a Window on Risk Choices

Number of pages: 65 Posted: 07 Aug 2016 Last Revised: 16 Dec 2021
World Bank, Development Prospects Group, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Brigham Young University - Department of Finance
Downloads 80 (393,066)
Citation 2

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financial institutions, systematic risk, capital regulation, asset-backed commercial paper

9.
Downloads 210 (188,076)
Citation 1

U.S. Banks and Global Liquidity

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-89
Number of pages: 88 Posted: 01 Jul 2020
Ricardo Correa, Wenxin Du and Gordon Liao
Board of Governors of the Federal Reserve System, University of Chicago Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 147 (256,833)

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Liquidity, Global Banks, Repos, Reserves, Covered Interest Rate Parity

U.S. Banks and Global Liquidity

Number of pages: 67 Posted: 23 Jul 2020
Ricardo Correa, Wenxin Du and Gordon Liao
Board of Governors of the Federal Reserve System, University of Chicago Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 54 (483,902)

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U.S. Banks and Global Liquidity

NBER Working Paper No. w27491
Number of pages: 67 Posted: 13 Aug 2020 Last Revised: 18 Nov 2021
Ricardo Correa, Wenxin Du and Gordon Liao
Board of Governors of the Federal Reserve System, University of Chicago Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 9 (772,142)
Citation 1
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Prudential Policies and Their Impact on Credit in the United States

BIS Working Paper No. 635
Number of pages: 58 Posted: 07 Jun 2017
Paul S. Calem, Ricardo Correa and Seung Jung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 124 (293,298)

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bank stress tests, CCAR, Home Mortgage Disclosure Act (HMDA) data, jumbo mortgages, leveraged lending, macroprudential policy, Shared National Credit (SNC) data, Interagency Guidance on Leveraged Lending, syndicated loan market

Prudential Policies and Their Impact on Credit in the United States

Number of pages: 57 Posted: 19 Dec 2016 Last Revised: 29 Dec 2016
Paul S. Calem, Ricardo Correa and Seung Jung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 32 (594,573)
Citation 5

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11.

Cross-Border Bank Flows and Monetary Policy

Number of pages: 53 Posted: 06 Dec 2018 Last Revised: 23 Aug 2021
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 152 (249,295)

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12.
Downloads 151 (250,620)

Bank Complexity, Governance, and Risk

Proceedings of the 4th Chapman Conference on Money & Finance on Liquidity: Pricing, Management and Financial Stability
Number of pages: 48 Posted: 15 Jan 2020
Ricardo Correa and Linda S. Goldberg
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 94 (355,380)

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Bank complexity, risk taking, regulation, too big to fail, liquidity, corporate governance

Bank Complexity, Governance, and Risk

FRB of New York Staff Report No. 930
Number of pages: 43 Posted: 19 Jun 2020
Ricardo Correa and Linda S. Goldberg
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 36 (571,317)

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bank complexity, risk taking, regulation, too big to fail, liquidity, corporate governance, agency problem, global banks, diversification

Bank Complexity, Governance, and Risk

Number of pages: 44 Posted: 23 Jul 2020
Ricardo Correa and Linda S. Goldberg
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 18 (695,913)

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Bank Complexity, Governance, and Risk

NBER Working Paper No. w27547
Number of pages: 43 Posted: 24 Jul 2020 Last Revised: 24 Dec 2021
Ricardo Correa and Linda S. Goldberg
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 3 (824,719)
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13.

Sentiment in Central Banks' Financial Stability Reports

Number of pages: 46 Posted: 28 Dec 2017 Last Revised: 31 Mar 2020
Board of Governors of the Federal Reserve System, University of Michigan at Ann Arbor, Board of Governors of the Federal Reserve System and Cornell University - Cornell University
Downloads 131 (280,109)
Citation 8

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Financial stability, Central bank communications, Text analysis, Dictionary, Sentiment index

14.

Sentiment in Central Banks' Financial Stability Reports

Number of pages: 52 Posted: 26 Mar 2017
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 128 (285,067)
Citation 4

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Financial stability, Central bank communications, Text analysis, Dictionary, Sentiment index

15.

Bank Integration and Financial Constraints: Evidence from U.S. Firms

Number of pages: 58 Posted: 14 Apr 2008
Ricardo Correa
Board of Governors of the Federal Reserve System
Downloads 125 (290,244)
Citation 1

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Bank deregulation, investment, financing constraints

Changes in Prudential Policy Instruments -- A New Cross-Country Database

Number of pages: 31 Posted: 21 Jun 2016
International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, Dresden University of Technology and Oesterreichische Nationalbank (OeNB)
Downloads 62 (452,538)
Citation 14

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Macroprudential policies, Microprudential policies, Financial cycles

Changes in Prudential Policy Instruments - A New Cross-Country Database

Number of pages: 24 Posted: 09 Dec 2016
International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, Dresden University of Technology and Oesterreichische Nationalbank (OeNB)
Downloads 47 (514,840)
Citation 1

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Policy instruments, Macroprudential Policy, Financial institutions, Business cycles, Developed countries, Emerging markets, Data collection, Cross country analysis, Macroprudential policies, Microprudential Policies, Financial cycles

17.

International Evidence on Government Support and Risk-Taking in the Banking Sector

European Banking Center Discussion Paper No. 2012-027
Number of pages: 34 Posted: 02 Nov 2012
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 101 (336,632)
Citation 5

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bank risk, market discipline, government support, bank regulation

18.

International Banks and the Cross-Border Transmission of Business Cycles

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 38 Posted: 18 Sep 2011 Last Revised: 18 Nov 2011
Andrei Zlate, Ricardo Correa and Horacio Sapriza
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 84 (377,974)

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International banks, intra-bank lending, firm borrowing, extensive margin

19.

Financial Institutions' Business Models and the Global Transmission of Monetary Policy

Banco de Espana Working Paper No. 1815
Number of pages: 39 Posted: 07 Jun 2018
Banco de España, De Nederlandsche Bank, Board of Governors of the Federal Reserve System, De Nederlandsche Bank, Bank for International Settlements, University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank, De Nederlandsche Bank and Board of Governors of the Federal Reserve System
Downloads 56 (468,379)
Citation 44

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monetary policy transmission, global financial institutions, bank lending channel, portfolio channel, business models.

Liquidity Risk and U.S. Bank Lending at Home and Abroad

Number of pages: 36 Posted: 12 Jul 2014
Ricardo Correa, Linda S. Goldberg and Tara Rice
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Bank for International Settlements (BIS)
Downloads 24 (649,278)

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International banking, global banking, liquidity, transmission, internal capital market

Liquidity Risk and U.S. Bank Lending at Home and Abroad

FRB of New York Staff Report No. 676
Number of pages: 31 Posted: 14 Jun 2014
Ricardo Correa, Linda S. Goldberg and Tara Rice
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Bank for International Settlements (BIS)
Downloads 21 (672,197)

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international banking, global banking, liquidity, transmission, internal capital market

Liquidity Risk and U.S. Bank Lending at Home and Abroad

NBER Working Paper No. w20285
Number of pages: 31 Posted: 24 Jul 2014 Last Revised: 06 Jun 2021
Ricardo Correa, Linda S. Goldberg and Tara Rice
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Bank for International Settlements (BIS)
Downloads 11 (754,791)
Citation 1

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21.

Internal Liquidity Management and Local Credit Provision

Number of pages: 39 Posted: 11 May 2017
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Brown University - Department of Economics and Harvard University
Downloads 53 (480,015)

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Internal liquidity management, Brazil, Bank lending

Owe a Bank Millions, the Bank Has a Problem: Credit Concentration in Bad Times

Number of pages: 44 Posted: 16 Jul 2020
National University of Singapore, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and World BankWorld Bank - Development Research Group (DECRG)
Downloads 25 (641,813)

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Credit exposure, Bank lending, Financial stability, Commodity prices, Emerging markets

Owe a Bank Millions, the Bank Has a Problem: Credit Concentration in Bad Times

World Bank Policy Research Working Paper No. 9202
Number of pages: 44 Posted: 03 Apr 2020
National University of Singapore, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and World BankWorld Bank - Development Research Group (DECRG)
Downloads 21 (672,197)
Citation 4

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23.

Global Spillovers of a China Hard Landing

Number of pages: 42 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 46 (509,807)
Citation 3

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24.

International Differences in the Adoption and Impact of New Information Technologies and New Hr Practices: The Valve-Making Industry in the U.S. And U.K

NBER Working Paper No. w13651
Number of pages: 35 Posted: 30 Nov 2007 Last Revised: 21 Oct 2021
Columbia Business School - Finance and Economics, Columbia Business School - Management, Stanford Graduate School of Business and Board of Governors of the Federal Reserve System
Downloads 40 (537,961)

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25.

Dealer Leverage and Exchange Rates: Heterogeneity Across Intermediaries

Number of pages: 50 Posted: 27 Nov 2019 Last Revised: 29 Apr 2020
Ricardo Correa and Laurie DeMarco
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 38 (547,879)
Citation 1

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Exchange rates, Intermediaries, International finance, Leverage cycles, Primary dealers

International Banking and Cross-Border Effects of Regulation: Lessons from the United States

FRB of NY Staff Report No. 793
Number of pages: 36 Posted: 26 Sep 2016 Last Revised: 11 Nov 2017
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 22 (664,535)

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macroprudential policies, international banking, bank credit, spillovers

International Banking and Cross-Border Effects of Regulation: Lessons from the United States

NBER Working Paper No. w22645
Number of pages: 36 Posted: 20 Sep 2016 Last Revised: 17 Nov 2021
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 10 (763,401)

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27.

Financial Institutions’ Business Models and the Global Transmission of Monetary Policy

Number of pages: 42 Posted: 15 Jun 2018 Last Revised: 29 Apr 2020
Banco de España, De Nederlandsche Bank, Board of Governors of the Federal Reserve System, De Nederlandsche Bank, Bank for International Settlements, University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank, International Institute of Social Studies of Erasmus University and Board of Governors of the Federal Reserve System
Downloads 23 (637,021)

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Monetary policy transmission, Global financial institutions, Bank lending channel, Portfolio channel, Business models

28.

Financial Stability Governance and Central Bank Communications

Number of pages: 57 Posted: 13 Sep 2021
Juan M. Londono, Stijn Claessens and Ricardo Correa
Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS) and Board of Governors of the Federal Reserve System
Downloads 21 (651,139)

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Financial Stability Governance, Natural Language Processing, Central Bank Communications, Financial Cycle

29.

Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns Around the World

Number of pages: 51 Posted: 30 May 2017 Last Revised: 23 Aug 2021
Board of Governors of the Federal Reserve System, Seoul National University Business School, Board of Governors of the Federal Reserve System and Harvard University
Downloads 21 (651,139)
Citation 8

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30.

International Banking and Cross-Border Effects of Regulation: Lessons from the United States

Number of pages: 37 Posted: 23 Sep 2016
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 19 (665,496)
Citation 3

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Macroprudential policies, International banking, Bank credit, Spillovers

31.

A New Dataset of Macroprudential Policy Governance Structures

Posted: 14 Jul 2021
Ricardo Correa, Rochelle M. Edge and Nellie Liang
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Brookings Institution

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32.

Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel During the European Sovereign Crisis

Posted: 09 Jul 2021 Last Revised: 23 Aug 2021
Ricardo Correa, Horacio Sapriza and Andrei Zlate
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and affiliation not provided to SSRN

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33.

Sovereign Debt Crises

Posted: 09 Jul 2021 Last Revised: 23 Aug 2021
Ricardo Correa and Horacio Sapriza
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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34.

Central Banks' Financial Stability Communications during the COVID-19 Pandemic

FEDS Notes No. 2020-09-18-3 https://doi.org/10.17016/2380-7172.2741
Posted: 24 Sep 2020
Jerry Yang, Ricardo Correa and Juan M. Londono
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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