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TheEconomists

Photo of Mark Carey
202-452-2784
mark.carey@frb.gov
Education
  • Ph.D., Economics, University of California - Berkeley
  • B.A., Economics, Oberlin College
  • Current Research Topics

  • Employee Compensation at Financial Firms
  • Financial Crises
    • Economist

      Board of Governors of the Federal Reserve System

    • 1990 - present
    • Co-director

      NBER Risk of Financial Institutions Working Group (with Rene Stulz)

    • Associate Editor

      Journal of Money, Credit and Banking

    • Associate Editor

      Journal of Financial Services Research

  • Bauer, Nick, Mark Carey, Stacy Gill, Nancy Morse, Mark Poeppelman, and Kim Tam (2006). 1986-2002 credit risk loss experience study: Private placement bonds. Schaumburg, IL: Society of Actuaries.
  • Carey, Mark (2002). "Some Evidence on the Consistency of Banks’ Internal Credit Ratings," in Ong, Michael K. ed., Credit Ratings: Methodologies, Rationale and Default Risk. London: Risk Books, pp. 449-467.
  • Bhasin, Vijay, and Mark Carey (1999). "The Determinants of Corporate Loan Liquidity," In The 45th Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 79-98.
  • Carey, Mark (1999). "Implementation of Credit Risk Models at Major International Banks," in Sironi, Andrea, Paolo Savona eds., Credit Risk Management at Large Italian Banks. Rome: Italy: Bancaria Publications.
  • Carey, Mark (1995). "
    Toxic Waste, Accounting and Regulation," In Proceedings of the 31th Annual Conference on Bank Structure and Competition. Chicago IL: Federal REserve Bank of Chicago, pp. 238-251.
  • Carey, Mark S., Stephen Prowse, John Rea, and Gregory Udell (1995). "
    the Changing Role of Life Insurance Companies in the Private Placement Market," in Altman, Edward I., Irwin T. Vanderhoof eds.,
    the Financial Dynamics of the Insurance Industry.
    New York: Irwin Professional Publishing, pp. 425-454.
  • Calomiris, Charles, and Mark Carey (1994). "Loan Market Competition between U.S. and Foreign Banks: Some Facts about Loans and Borrowers," In Proceedings of the 30th Annual Conference on Bank Structure and Competition. Chicago IL: Federal REserve Bank of Chicago, pp. 331-351.
  • Carey, Mark, Stephen Prowse, John Rea, and Gregory Udell (1993). The economics of private placements: A new lookFinancial Instruments, Institutions and Markets. Vol. 2, no. 3. Cambridge, MA: Blackwell.
  • Carey, Mark (2009). "Implications of the Crisis for Regulation," in Evanoff, Douglas D., Philipp Hartmann and George Kaufman eds., The First Credit Market Turmoil of the 21st Century. New Jersey and Singapore: World Scientific, pp. 311-324.
  • Carey, Mark, and Greg Nini (2007). "Is the Corporate Loan Market Globally Integrated? A Pricing Puzzle," Journal of Finance, vol. 62, no. 6, pp. 2969-3007.
  • Carey, Mark (2006). "How do Banks Manage Liquidity Risk? Evidence from the Equity and Deposit Markets in the Fall of 1998: Comment," in Carey, Mark, Rene Stulz M. eds., The Risks of Financial Institutions. A National Bureau of Economic Research Conference Report. Chicago and London: University of Chicago Press, pp. 127-130.
  • Carey, Mark, and René M. Stulz (2006). "The Risks of Financial Institutions: Introduction," in Carey, Mark, Rene Stulz M. eds., The Risks of Financial Institutions. A National Bureau of Economic Research Conference Report. Chicago and London: University of Chicago Press, pp. 1-25.
  • Carey, Mark, and René M. Stulz, eds. (2006). The Risks of Financial Institutions, . Chicago and London: University of Chicago Press.
  • Carey, Mark (2004). "Global Financial Integration: A Collection of New Research," International Finance Discussion Papers 821. Board of Governors of the Federal Reserve System (U.S.).
  • Carey, Mark (2002). "A Guide to Choosing Absolute Bank Capital Requirements," Journal of Banking and Finance, vol. 26, no. 5, pp. 929-951.
  • Carey, Mark (2001). "Dimensions of Credit Risk and their Relationship to Economic Capital Requirements," in Mishkin, Frederic,S. ed., Prudential Supervision: What Works and what Doesn't. Chicago and London: University of Chicago Press, pp. 197-228.
  • Carey, Mark, and Mark Hrycay (2001). "Parameterizing Credit Risk Models with Rating Data," Journal of Banking and Finance, vol. 25, no. 1, pp. 197-270.
  • Treacy, William F., and Mark Carey (2000). "Credit Risk Rating Systems at Large US Banks," Journal of Banking and Finance, vol. 24, no. 1-2, pp. 167-201.
  • Carey, Mark (1998). "Credit Risk in Private Debt Portfolios," Journal of Finance, vol. 53, no. 4, pp. 1363-1387.
  • Carey, Mark, Mitch Post, and Steven A. Sharpe (1998). "Does Corporate Lending by Banks and Finance Companies Differ? Evidence on Specialization in Private Debt Contracting," Journal of Finance, vol. 53, no. 3, pp. 845-878.
  • Treacy, William F., and Mark S. Carey (1998). "Credit Risk Rating at Large U.S. Banks," Federal Reserve Bulletin, vol. 84, no. 11, pp. 897-921.
  • Carey, Mark (1995). "Partial Market Value Accounting, Bank Capital Volatility, and Bank Risk," Journal of Banking and Finance, vol. 19, no. 3-4, pp. 607-622.
  • Carey, Mark S. (1993). "Recent Developments in the Market for Privately Placed Debt," Federal Reserve Bulletin, vol. 79, no. 2, pp. 77-92.
  • Carey, Mark, Stephen Prowse, John Rea, and Gregory Udell (1993). "The Economics of the Private Placement Market," Staff studies 166. Board of Governors of the Federal Reserve System (U.S.).
  • Carey, Mark (1990). "Feeding the Fad: The Federal Land Banks, Land Market Efficiency and the Farm Credit Crisis," Ph.D dissertation, University of California, Berkeley.
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Last update: December 9, 2013