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Meet the Researchers

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Ayelen Banegas

Principal Economist Financial Intermediaries Analysis Section Monetary Affairs
[email protected]

Education

  • Ph.D., Economics, University of California - San Diego
  • M.A., Economics, University of California - San Diego
  • M.A., Financial Markets, Universitat Pompeu Fabra
  • B.A., Economics, Universidad de Buenos Aires
Current Research Topics
  • Investments, Mutual Funds
  • Return Predictability, Macro-finance Linkages
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - present
  • Investment Officer

    The World Bank

    2003 - 2005
  • Analyst

    J.P. Morgan

    2001 - 2002
  • Hedge Fund Treasury Exposures, Repo, and Margining
    Ayelen Banegas and Phillip Monin
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3377
  • A look under the hood of momentum funds
    Ayelen Banegas and Carlo Rosa
    Economics Letters (2022)
    https://doi.org/10.1016/j.econlet.2022.110654
  • Interest Rates Expectations and Flow Dynamics in High Yield Corporate Debt Mutual funds
    Ayelen Banegas and Christopher Finch
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3115
  • The effects of U.S. monetary policy shocks on mutual fund investing
    Ayelen Banegas, Gabriel Montes-Rojas, and Lucas Siga
    Journal of International Money and Finance (2022)
    https://doi.org/10.1016/j.jimonfin.2021.102595
  • Sizing hedge funds' Treasury market activities and holdings
    Ayelen Banegas, Phillip J. Monin, and Lubomir Petrasek
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2979
  • Reserve Balances, the Federal Funds Market and Arbitrage in the New Regulatory Framework
    Ayelen Banegas and Manjola Tase
    Journal of Banking & Finance (2020)
    https://doi.org/10.1016/j.jbankfin.2020.105893
    See also » FRB Working Paper (2016)
  • The Universe of Leveraged Bank Loan and High Yield Bond U.S. Mutual Funds
    Ayelen Banegas and Jessica Goldenring
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2394
  • Leveraged Bank Loan versus High Yield Bond Mutual Funds
    Ayelen Banegas and Jessica Goldenring
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.047
  • Mutual Fund Flows, Monetary Policy and Financial Stability
    Ayelen Banegas, Gabriel Montes-Rojas, and Lucas Siga
    Finance and Economics Discussion Series (2016)
    https://doi.org/10.17016/FEDS.2016.071
  • Predictability of Growth in Emerging Markets: Information in Financial Aggregates
    Ayelen Banegas
    International Finance Discussion Papers (2016)
    https://doi.org/10.17016/IFDP.2016.1174
  • International Dollar Flows
    Ayelen Banegas, Ruth Judson, Charles Sims, and Viktors Stebunovs
    International Finance Discussion Papers (2015)
    https://doi.org/10.17016/IFDP.2015.1144
  • The Cross Section of Conditional Mutual Fund Performance in European Stock Markets
    Ayelen Banegas, Ben Gillen, Allan Timmermann, and Russ Wermers
    Journal of Financial Economics (2013)
    https://doi.org/10.1016/j.jfineco.2013.01.008
Referee
  • Journal of Financial Econometrics
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Last Update: December 1, 2023