Nina Boyarchenko
Biographic Data
| ID | 5868873 |
|---|---|
| NAME | Nina Boyarchenko |
| GIVEN NAMES | Nina |
| FAMILY NAME | Boyarchenko |
| SIGNATURE | BOYARCHENKO N |
| AFFILIATIONS | Federal Reserve Bank of New York |
| ORCID | 0000-0002-1434-2111 |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 3 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2019 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
A Hitchhiker’s Guide to Federal Reserve Participation in Fixed Income Markets
We review US dealer-intermediated fixed income markets, including Treasuries, agency mortgage-backed securities, corporate bonds, and municipal bonds. Through the lenses of primary dealers’ positions, we show these markets’ evolution over the past decade and the effects of recent episodes of abrupt deterioration in market functioning. We then overview how the Federal Reserve interacts with fixed income markets for the purposes of monetary policy …
Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions
The use of order-flow information by financial firms has come to the forefront of the regulatory debate. Should a dealer who acquires information by taking client orders be allowed to use or share that information? We explore how information sharing affects dealers, clients, and issuer revenues in US Treasury auctions, in a model calibrated to auction results data, which we use to quantify counterfactuals. Sharing information reduces uncertainty …
Vulnerable Growth
We study the conditional distribution of GDP growth as a function of economic and financial conditions. Deteriorating financial conditions are associated with an increase in the conditional volatility and a decline in the conditional mean of GDP growth, leading the lower quantiles of GDP growth to vary with financial conditions and the upper quantiles to be stable over time. Upside risks to GDP growth are low in most periods while downside risks …
No prominent works on this page.
Vulnerable Growth
We study the conditional distribution of GDP growth as a function of economic and financial conditions. Deteriorating financial conditions are associated with an increase in the conditional volatility and a decline in the conditional mean of GDP growth, leading the lower quantiles of GDP growth to vary with financial conditions and the upper quantiles to be stable over time. Upside risks to GDP growth are low in most periods while downside risks …
Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions
The use of order-flow information by financial firms has come to the forefront of the regulatory debate. Should a dealer who acquires information by taking client orders be allowed to use or share that information? We explore how information sharing affects dealers, clients, and issuer revenues in US Treasury auctions, in a model calibrated to auction results data, which we use to quantify counterfactuals. Sharing information reduces uncertainty …
A Hitchhiker’s Guide to Federal Reserve Participation in Fixed Income Markets
We review US dealer-intermediated fixed income markets, including Treasuries, agency mortgage-backed securities, corporate bonds, and municipal bonds. Through the lenses of primary dealers’ positions, we show these markets’ evolution over the past decade and the effects of recent episodes of abrupt deterioration in market functioning. We then overview how the Federal Reserve interacts with fixed income markets for the purposes of monetary policy …
Economics (3 works) · Finance (2 works) · Financial Markets and Investment Strategies (2 works) · Auction Theory and Applications (1 works) · Banking stability, regulation, efficiency (1 works) · Business (1 works) · Common value auction (1 works) · Computer Science (1 works) · Corporate Finance and Governance (1 works) · Counterfactual conditional (1 works)