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Cecilia R. Caglio

Education

  • Ph.D., Finance, Bocconi University, 2003
  • B.A., Economics (Summa cum laude), Bocconi University, 1998
Current Research Topics
  • CDS markets
  • Repo and securities lending
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Economist

    Board of Governors of the Federal Reserve System

    2012 - 2015
  • Financial Economist

    U.S. Securities and Exchange Commission

    2008 - 2012
  • Visiting Assistant Professor

    George Washington University - School of Business

    2007 - 2008
  • Visiting Assistant Professor

    American University - Kogod School of Business

    2006 - 2007
  • Financial Economist

    U.S. Securities and Exchange Commission

    2005 - 2006
  • Visiting Assistant Professor

    Universitat Pompeu Fabra

    2004 - 2005
  • Research Fellow

    Ente Luigi Einaudi

    2003 - 2004
  • Visiting PhD Student

    The Wharton School - University of Pennsylvania

    2001 - 2002
  • Aramonte, Sirio, Cecilia Caglio, and Tugkan Tuzun (2017). "Synthetic ETFs," FEDS Notes 2017-08-10. Board of Governors of the Federal Reserve System (U.S.).
  • Baklanova, Viktoria, Cecilia Caglio, Marco Cipriani, and Adam Copeland (2017). "The Use of Collateral in Bilateral Repurchase and Securities Lending Agreements," Staff Reports 758. Federal Reserve Bank of New York.
  • Caglio, Cecilia, Matt Darst, and Eric Parolin (2016). "A Look Under the Hood: How Banks Use Credit Default Swaps," FEDS Notes 2016-12-22. Board of Governors of the Federal Reserve System (U.S.).
  • Baklanova, Viktoria, Cecilia Caglio, Frank Keane, and Burt Porter (2016). "A Pilot Survey of Agent Securities Lending Activity," Staff Reports 790. Federal Reserve Bank of New York.
  • Caglio, Cecilia, Kathleen Weiss Hanley, and Jennifer Marietta-Westberg (2016). "Going Public Abroad," Journal of Corporate Finance, vol. 41, pp. 103-122.
  • Caglio, Cecilia R., Kathleen Weiss Hanley, and Jennifer Marietta-Westberg (2016). "What Does It Take to List Abroad? The Role of Global Underwriters," Finance and Economics Discussion Series 2016-041. Board of Governors of the Federal Reserve System (U.S.).
  • Baklanova, Viktoria, Cecilia Caglio, Marco Cipriani, and Adam Copeland (2016). "The U.S. Bilateral Repo Market: Lessons from a New Survey," OFR Brief Series 16-01.
  • Caglio, Cecilia, and Stewart Mayhew (2016). "Equity Trading and the Allocation of Market Data Revenue," Journal of Banking and Finance, vol. 62, pp. 97-777.
  • Caglio, Cecilia, and Andrea Pescatori (2013). "Competition among Exchanges and Enforcement Policy," IMF Working Paper WP/13/37. International Monetary Fund.
  • Caglio, Cecilia, G. Gabbi, and G. Zanotti (2008). "Short-Term Interest Rate Volatility and Liquidity Risk," in Lhabitant, François-Serge and Greg N. Gregoriou, eds., Stock Market Liquidity: Implications for Market Microstructure and Assets Pricing. Wiley Finance.
  • Caglio, Cecilia, and Kenneth A. Kavajecz (2006). "A Specialist's Quoted Depth as a Strategic Choice Variable: An Application to Spread Decomposition Models," Journal of Financial Research, vol. 29, no. 3, pp. 367-382.
  • Beber, Alessandro, and Cecilia Caglio (2005). "Order Submission Strategies and Information: Empirical Evidence from the NYSE," FAME Research Paper 146. International Center for Financial Asset Management and Engineering.
  • Caglio, Cecilia, A. Beber, and G. Gabbi (2002). "Banking Size and the Evolution of Settlement Systems (in Italian)," in Banche e Banchieri no. 3.
  • Caglio, Cecilia (1999). "The Prudential Treatment of Credit Derivatives: Problems and Proposals (in Italian)," in Sironi, A., Ed Giuffre eds., Credit Derivatives.
Last update: August 21, 2017