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James M. O'Brien

Senior Economist

Risk Analysis Section

Research and Statistics

202-452-2384
james.m.o'brien@frb.gov
Education
  • Ph.D., Economics, University of Illinois
  • B.A., Economics, Merrimack College
  • Current Research Topics

  • Bank Market Risk Measurement
  • Bank Market-Making, Risk Management and Capital
    • Economist

      Board of Governors of the Federal Reserve System

    • 1977 - present
  • O'Brien, James M., and Pawel J. Szerszen (2014). "An Evaluation of Bank VaR Measures for Market Risk during and before the Financial Crisis," Finance and Economics Discussion Series 2014-21. Board of Governors of the Federal Reserve System (U.S.).
  • Tschirhart, John, James O'Brien, Michael Moise, and Emily Yang (2007). "Bank Commercial Loan Fair Value Practices," Finance and Economics Discussion Series 2007-29. Board of Governors of the Federal Reserve System (U.S.).
  • O'Brien, James, and Jeremy Berkowitz (2006). "Estimating Bank Trading Risk: A Factor Model Approach," 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. 59-91.
  • Berkowitz, Jeremy, and James O'Brien (2002). "How Accurate are Value-at-Risk Models at Commercial Banks?" Journal of Finance, vol. 57, no. 3, pp. 1093-1111.
  • O'Brien, James M. (2000). "Estimating the Value and Interest Rate Risk of Interest-Bearing Transactions Deposits," Finance and Economics Discussion Series 2000-53. Board of Governors of the Federal Reserve System (U.S.).
  • Kupiec, Paul H., and James M. O'Brien (1998). "Deposit Insurance, Bank Incentives, and the Design of Regulatory Policy," Federal Reserve Bank of New York Economic Policy Review, vol. 4, no. 3, pp. 201-211.
  • Lumpkin, Stephen A., and James M. O'Brien (1997). "Thrift Stock Returns and Portfolio Interest Rate Sensitivity," Journal of Monetary Economics, vol. 39, no. 2, pp. 341-357.
  • Kupiec, Paul H., and James M. O'Brien (1997). "The Pre-Commitment Approach: Using Incentives to Set Market Risk Capital Requirements," Finance and Economics Discussion Series 1997-14. Board of Governors of the Federal Reserve System (U.S.).
  • Kupiec, Paul H., and James M. O'Brien (1997). "Recent Developments in Bank Capital Regulation of Market Risks," in Schachter, Barry ed., Derivatives, Regulation, and Banking. Amsterdam; New York: Elsevier, pp. 313-334.
  • Kupiec, Paul H., and James M. O'Brien (1995). "Internal Affairs," Risk, vol. 8, no. 5, pp. 37-40.
  • Kupiec, Paul H., and James M. O'Brien (1985). "Model Alternative," Risk, vol. 8, no. 6, pp. 37-40.
  • O'Brien, James, Athanasios Orphanides, and David Small (1994). "Estimating the Interest Rate Sensitivity of Liquid Retail Deposit Values," In Proceedings of a Conference on Bank Structure and Competition. Chicago: Federal Reserve Bank of Chicago, pp. 400-435.
  • Liang, J. Nellie, and James M. O'Brien (1992). "Equity Underwriting Risk," In The Changing Market in Financial Services: Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis. Kluwer Academic, pp. 129-158.
  • Berger, Allen N., Kathleen Kuester King, and James M. O'Brien (1991). "The Limitations of Market Value Accounting and a More Realistic Alternative," Journal of Banking and Finance, vol. 15, no. 4-5, pp. 753-783.
  • King, Kathleen Kuester, and James M. O'Brien (1991). "Market-Based, Risk-Adjusted Examination Schedules for Depository Institutions," Journal of Banking and Finance, vol. 15, no. 4-5, pp. 955-974.
  • Kuester, Kathleen A., and James M. O'Brien (1991). "Market-Based Deposit Insurance Premiums: An Evaluation," Finance and Economics Discussion Series 150. Board of Governors of the Federal Reserve System (U.S.).
  • Kuester, Kathleen A., and James M. O'Brien (1989). "Bank Equity Values, Bank Risk, and the Implied Market Value of Banks' Assets, Liabilities, and Deposit Insurance," Finance and Economics Discussion Series 98. Board of Governors of the Federal Reserve System (U.S.).
  • O'Brien, James M. (1987). "Testing for Transient Bubbles in Stock Prices," Research Papers in Banking and Financial Economics 98. Board of Governors of the Federal Reserve System (U.S.).
  • O'Brien, James M. (1986). "Stock Index Futures and Capital Formation," in Kwast, Myron ed., Financial Futures and Options in the U.S. Economy: A Study by Staff of the Federal Reserve System. Washington, D.C.: Board of Governors of the Federal Reserve System, pp. 71-78.
  • O'Brien, James M. (1986). "Stock Index Futures and Capital Formation," in Kwast, Myron ed., Financial Futures and Options in the U.S. Economy: A Study by Staff of the Federal Reserve System. Washington, D.C.: Board of Governors of the Federal Reserve System, pp. 105-117.
  • O'Brien, James M. (1984). "The Information Value of the FOMC Policy Directive Under the New Operating Procedures," Journal of Money, Credit, and Banking, vol. 16, no. 2, pp. 151-164.
  • O'Brien, James M. (1981). "Estimating the Information Value of Immediate Disclosure of the FOMC Policy Directive," Journal of Finance, vol. 36, no. 5, pp. 1047-1061.
  • O'Brien, James M. (1977). "On the Incidence of Selective Credit and Related Policies in a Multi-Asset Framework," Journal of Finance, vol. 32, no. 5, pp. 1539-1556.
  • O'Brien, James M. (1974). "The Covariance Measure of Substitution: An Application to Financial Assets," Review of Economics and Statistics, vol. 56, no. 4, pp. 456-467.
  • O'Brien, James M. (1973). "Inflation and Unemployment: The Great Debate," Federal Reserve Bank Business Review of Philadelphia, Jan, pp. 13-18.
  • O'Brien, James M. (1972). "Can Credit Controls be Controlled?" Federal Reserve Bank Business Review of Philadelphia, January, pp. 3-8.
  • O'Brien, James M. (1972). "Interest Ban on Demand Deposits: Victim of the Profit Motive?" Federal Reserve Bank Business Review of Philadelphia, August, pp. 13-19.
  • O'Brien, James M. (1972). "Liquidity Preference and the Flow of Finance: Comment," Journal of Money, Credit, and Banking, vol. 4, no. 3, pp. 730-732.
  • O'Brien, James M. (1971). "The Household as a Saver," Federal Reserve Bank Business Review of Philadelphia, June, pp. 14-23.
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Last update: August 8, 2014