Meet the Researchers
Travis D. Nesmith
[email protected]
Education
- Ph.D., Economics, Washington University in St. Louis, 2000
- M.A., Economics, Washington University in St. Louis, 1995
- A.B., Economics/Political Science, Duke University, 1990
- Central Counterparties
- Quantitative Finance and Risk Management
Assistant Director
Board of Governors of the Federal Reserve System
2016 - presentSection Chief
Board of Governors of the Federal Reserve System
2013 - presentAssociate Editor
Macroeconomic Dynamics
2020 - presentAssociate Editor
Journal of Financial Market Infrastructures
2020 - presentSenior Economist
Board of Governors of the Federal Reserve System
2009 - 2012Economist
Board of Governors of the Federal Reserve System
1999 - 2009Economist
Bureau of Labor Statistics
1998 - 1999Visiting Scholar
Federal Reserve Bank of St. Louis
1995 - 1998
- Revisiting Risky Money
Travis D. Nesmith
Finance and Economics Discussion Series (2024)
https://doi.org/10.17016/FEDS.2024.090 - Central Clearing and Systemic Liquidity Risk
Thomas B. King, Travis D. Nesmith, Anna Paulson, and Todd Prono
International Journal of Central Banking (2023)
See also » FRB Working Paper (2022) - Optimal Bidder Selection in Clearing House Default Auctions
Rodney Garratt, David Murphy, Travis Nesmith, and Xiaopeng Wu
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.033 - Accurate Evaluation of Expected Shortfall for Linear Portfolios with Elliptically Distributed Risk Factors
Dobrislav Dobrev, Travis D. Nesmith, and Dong Hwan Oh
Journal of Risk and Financial Management (2017)
https://doi.org/10.3390/jrfm10010005
See also » FRB Working Paper (2017) - Linear Cointegration of Nonlinear Time Series with an Application to Interest Rate Dynamics
Travis D. Nesmith and Barry E. Jones
Studies in Nonlinear Dynamics and Econometrics (2008)
https://doi.org/10.2202/1558-3708.1467
See also » FRB Working Paper (2007) - Risk and Concentration in Payment and Securities Settlement Systems
David C. Mills Jr. and Travis D. Nesmith
Journal of Monetary Economics (2008)
https://doi.org/10.1016/j.jmoneco.2008.01.002
See also » FRB Working Paper (2007) - Rational Seasonality
Travis D. Nesmith
Functional Structure Inference (2007)
https://doi.org/10.1016/s1571-0386(07)18011-x
See also » FRB Working Paper (2007) - The Nonlinear Skeletons in the Closet
Travis Nesmith, William A. Barnett, Milka Kirova, and Meenakshi Pasupathy
Money, Measurement and Computation (2005) - Time Series Cointegration Tests and Nonlinearity
William A. Barnett, Barry E. Jones, and Travis D. Nesmith
Functional Structure and Approximation in Econometrics (2004)
https://doi.org/10.1108/S0573-8555(2004)0000261031 - Time Series Cointegration Tests and Non-linearity
William A. Barnett, Barry E. Jones, and Travis D. Nesmith
Nonlinear econometric modeling in time series (2000) - Introduction to the St. Louis Monetary Services Index Project
Richard G. Anderson, Barry E. Jones, and Travis D. Nesmith
Theory of monetary aggregation (2000)
https://doi.org/10.1108/s0573-8555(2000)0000245036 - Aggregation Theory and Statistical Index Numbers
Travis Dean Nesmith
Washington University (2000) - Building New Monetary Services Indexes: Concepts, Data and Methods
Richard G. Anderson, Barry E. Jones, and Travis D. Nesmith
Federal Reserve Bank of St. Louis Review (1997) - Monetary Aggregation Theory and Statistical Index Numbers
Richard G. Anderson, Barry E. Jones, and Travis D. Nesmith
Federal Reserve Bank of St. Louis Review (1997) - Introduction to the St. Louis Monetary Services Index Project
Richard G. Anderson, Barry E. Jones, and Travis D. Nesmith
Federal Reserve Bank of St. Louis Review (1997) - Divisia Second Moments: An Application of Stochastic Index Number Theory
William A. Barnett, Barry E. Jones, and Travis D. Nesmith
International Review of Comparative Public Policy (1996)
seminar
September 2024OTC Derivatives Regulators' Forum
conference
July 2024Bank of England CCBS Workshop: Central counterparty supervisory stress testing – a regulatory perspective
conference
October 2023Economics of payments XII, Federal Reserve Board
seminar
August 2023Federal Reserve Bank of Chicago
conference
June 2023Society for Economic Measurement, Milan Italy
seminar
May 2023Federal Reserve Board
conference
March 2023WFEClear: WFE's 40th Clearing & Derivatives Conference, World Federation of Exchanges, Johannesburg, South Africa
conference
May 2022IOMA: WFE's 39th Clearing & Derivatives Conference, World Federation of Exchanges, London & Virtual
discussion
March 2022Columbia University
discussion
November 2021Columbia University
conference
Spring 2021FSB Joint Virtual Financial Stability Impact Workshop: Potential system-wide impact from CCP recovery/resolution
conference
April 2021IOMA: WFE's 38th Clearing & Derivatives Conference, World Federation of Exchanges
seminar
March 2021The Future of Financial Market Infrastructure, LSE Law Seminar Series
seminar
October 2020Financial Engineering Colloquium, Cornell Financial Engineering Manhattan
conference
October 2019FIA Expo, Chicago, IL
conference
October 20196th Annual Conference on CCP Risk Management, Federal Reserve Bank of Chicago
seminar
September 2019Federal Reserve Bank of Dallas
conference
October 2018FIA Expo, Chicago, IL
conference
July 2018FRB Redux of Quantitative Workshop on CCP Risk Management, Washington DC
conference
November 2017BoE/FRB 1st Quantitative Workshop on CCP Risk and Validation Models, London UK
conference
October 20163rd Annual Conference on CCP Risk Management: A Deep Dive into Margins for Cleared Derivatives, Federal Reserve Bank of Chicago
conference
October 2016PRMIA Workshop: Risks and Opportunities Posed by Changing Market Structures
seminar
December 2015Bank of England
conference
July 2015Society for Economic Measurement, Paris, FR
conference
July 2015Quant Congress USA, Regulatory Keynote Address, NY
conference
March 2015Financial Resilience Research Cluster Launch, Univ. of Birmingham, UK
conference
August 2014Society for Economic Measurement, Chicago, IL
conference
March 2008Risk Symposium, Los Alamos National Laboratory
conference
January 2007Policy Workshop on Recent Payments Research, Federal Reserve Bank of New York
seminar
December 2006Workshop on Money and Payments, Federal Reserve Bank of New York
conference
August 2006Workshop on Nonlinear Dynamical Methods and Time Series Analysis, University of Udine, Italy
seminar
July 2006IMF Departmental Seminar Series, International Monetary Fund
conference
May 2006Midwest Macroeconomics Conference, St. Louis, Missouri
seminar
March 2006Macro-economics and International Finance Seminar Series, George Washington University
conference
October 2005Midwest Economic Theory Conference, University of Kansas
seminar
April 2005Oswald Distinguished Seminar Series, University of Kansas
conference
May 2004Midwest Macroeconomics Conference, Ames, Iowa
conference
June 2000Issues in Measuring Price Change and Consumption Conference, Bureau of Labor Statistics
conference
March 1999Society for Nonlinear Dynamics and Econometrics, New York City
conference
April 1998Midwest Macroeconomics Conference, St. Louis, Missouri
conference
March 1998Midwest Economics Association Conference, Chicago, Illinois
seminar
January 1998Washington University Economic Theory Seminar, St. Louis, Missouri
conference
October 1996International Atlantic Economic Conference, Washington, D.C.
conference
March 1996Missouri Valley Economic Association, Memphis, Tennessee
seminar
February 1996Federal Reserve Bank of St. Louis
Awards
- 2012
Board of Governors of the Federal Reserve System
Special Achievement Award
- 2012
International Financing Review
America's Structured Finance Issue of the Year
- 2010
RBOPS, Board of Governors of the Federal Reserve System
Spirit of Excellence Award
Conference Organization
March 2024 | Seoul, S. Korea
WFEClear: WFE's 42th Clearing & Derivatives Conference
Scientific Committee
March 2024 | Madrid, Spain
WFEClear: WFE's 41th Clearing & Derivatives Conference
Scientific Committee
June 2023 | Milan, Italy
Society for Economic Measurement 8th International Conference
Conference Program Committee
March 2023 | Johannesburg, South Africa
WFEClear: WFE's 40th Clearing & Derivatives Conference
Scientific Committee
May 2022 | London, UK and Virtual
IOMA: WFE's 39th Clearing & Derivatives Conference
Scientific Committee
March 2021 | Virtual
IOMA: WFE's 38th Clearing & Derivatives Conference
Scientific Committee
March 2020 | Malta
IOMA: WFE's 37th Clearing & Derivatives Conference
Scientific Committee
July 2018 | Washington, DC
FRB Redux of Quantitative Workshop on CCP Risk Management
Workshop Organizer
November 2017 | London, UK
BoE/FRB 1st Quantitative Workshop on CCP Risk and Validation Models
Workshop Organizer
October 2016 | Washington, DC
PRMIA Workshop: Risks and Opportunities Posed by Changing Market Structures
Workshop and Session Organizer
July 2015 | Paris, France
Society for Economic Measurement 2nd International Conference
Session Organizer: Risk Measurement Partie Deux
August 2014 | Chicago, Illinois
Society for Economic Measurement 1st International Conference
Session Organizer: Risk Measurement
Editor
- Associate Editor, Macroeconomic Dynamics, July 2020 - Present
- Associate Editor, Journal of Financial Market Infrastructures, August 2020 - Present
Referee
- Econometrica
- Journal of Economic Theory
- Review of Economic Studies
- Journal of Econometrics
- Journal of Monetary Economics
- Journal of Banking and Finance
- Macroeconomic Dynamics
- Mathematical Finance
- Journal of Money Credit and Banking
- Journal of Economic Dynamics and Control
- Journal of Applied Econometrics
- Journal of Business and Economic Statistics
- Journal of Mathematical Economics
- Oxford Economic Papers
- International Journal of Central Banking
- Journal of Financial Market Infrastructures
- Journal of Financial Intermediation
- Journal of Economics and Business
- Southern Economic Journal
- Federal Reserve Bank of New York Economic Policy Review
- Federal Reserve Bank of St. Louis Review
Professional Affiliation
- American Economic Society
- Econometric Society
- Society for Financial Studies
- Professional Risk Managers International Association
- Society for Economic Measurement