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TheEconomists

Photo of Francisco B. Covas

Francisco B. Covas

Chief

Banking Analysis Section

Monetary Affairs

202-452-3497
francisco.b.covas@frb.gov
Education
  • Ph.D., Economics, University of California - San Diego, 2004
  • B.A., Economics, Universidade Nova de Lisboa, 1997
  • Current Research Topics

  • Macro Stress Testing
  • Changes in Banking Regulation and the Macroeconomy
    • Economist

      Board of Governors of the Federal Reserve System

    • 2007 - present
    • Senior Analyst

      Bank of Canada

    • 2004 - 2007
  • Covas, Francisco, Ben Rump, and Egon Zakrajsek (Forthcoming). "Stress-Testing U.S. Bank Holding Companies: A Dynamic Panel Quantile Regression Approach," International Journal of Forecasting.
  • Calem, Paul S., Francisco B. Covas, and Jason J. Wu (2013). "The Impact of the 2007 Liquidity Shock on Bank Jumbo Mortgage Lending," Journal of Money, Credit, and Banking, vol. 45, no. 1, pp. 59-91.
  • Covas, Francisco, and Wouter J. Den Haan (2012). "The Role of Debt and Equity Finance Over the Business Cycle," The Economic Journal, vol. 122, no. 565, pp. 1262-1286.
  • Covas, Francisco, and Shigeru Fujita (2011). "Private Equity Premium and Aggregate Uncertainty in a Model of Uninsurable Investment Risk," B.E. Journal of Macroeconomics, Vol. 11, no. 1, Article 20.
  • Covas, Francisco, and Wouter J. Den Haan (2011). "The Cyclical Behavior of Debt and Equity Finance," American Economic Review, vol. 101, no. 2, pp. 877-899.
  • Covas, Francisco, and Shigeru Fujita (2010). "Procyclicality of Capital Requirements in a General Equilibrium Model of Liquidity Dependence," International Journal of Central Banking, vol. 6, no. 4, pp. 137-173.
  • Covas, Francisco, and Yahong Zhang (2010). "Price-Level Versus Inflation Targeting with Financial Market Imperfections," Canadian Journal of Economics, vol. 43, no. 4, pp. 1302-1332.
  • Covas, Francisco (2006). "Uninsured Idiosyncratic Production Risk with Borrowing Constraints," Journal of Economic Dynamics and Control, vol. 30, no. 11, pp. 2167-2190.
  • conference

    October 17, 2012

    2nd Conference of the Macroprudential Research Network/European Central Bank

    Stress-Testing U.S. Bank Holding Companies: A Dynamic Panel Quantile Regression Approach

  • conference

    November 16, 2012

    New Tools for Financial Regulation Conference/Banque de France

    Stress-Testing U.S. Bank Holding Companies: A Dynamic Panel Quantile Regression Approach

  • conference

    December 7, 2012

    Interagency Risk Quantification Forum/Federal Reserve Bank of Philadelphia

    Stress-Testing U.S. Bank Holding Companies: A Dynamic Panel Quantile Regression Approach

Referee

  • American Economic Review
  • American Economic Journal: Macroeconomics
  • European Economic Review
  • Journal of Economic Dynamics and Control
  • Journal of Economic Growth
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • Journal of Public Economics
  • Journal of Risk Management in Financial Institutions
  • Portuguese Economic Journal
  • Review of Economic Dynamics
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Last update: December 9, 2013