Photo of Ricardo Correa

Ricardo Correa

Education

  • Ph.D., Economics, Columbia University, 2006
  • M.A., Economics, Columbia University, 2001
  • B.A., Economics, Universidad de Los Andes, 1997
Current Research Topics
  • Financial Stability
  • International Banking
  • Chief

    Board of Governors of the Federal Reserve System

    2014 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2011 - 2014
  • Economist

    Board of Governors of the Federal Reserve System

    2006 - 2011
  • Researcher

    Fedesarrollo

    1997 - 1999
  • Coleman, Nicholas, Ricardo Correa, Leo Feler, and Jason Goldrosen (2017). "Internal Liquidity Management and Local Credit Provision," International Finance Discussion Papers 1204. Board of Governors of the Federal Reserve System (U.S.).
  • Correa, Ricardo, Keshav Garud, Juan-Miguel Londono-Yarce, and Nathan Mislang (2017). "Constructing a Dictionary for Financial Stability," IFDP Notes 2017-06-28. Board of Governors of the Federal Reserve System (U.S.)
  • Correa, Ricardo, Teodora Paligorova, Horacio Sapriza, and Andrei Zlate (2017). "Cross-Border Bank Flows and Monetary Policy: Implications for Canada," Staff Working Paper 2017-34. Bank of Canada.
  • Correa, Ricardo, Horacio Sapriza, and Andrei Zlate (2016). "Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel during the European Sovereign Crisis," Risk and Policy Analysis Unit Working Paper, no. 16-04. Federal Reserve Bank of Boston.
  • Berrospide, Jose M., Ricardo Correa, Linda S. Goldberg, and Friederike Niepmann (2017). "International Banking and Cross-Border Effects of Regulation: Lessons from the United States," International Journal of Central Banking, March, pp. 435-476.
  • Cerutti, Eugenio, Ricardo Correa, Elisabetta Fiorentino, and Esther Segalla (2017). "Changes in Prudential Policy Instruments---A New Cross-Country Database," International Journal of Central Banking, March, pp. 477-503.
  • Correa, Ricardo, Keshav Garud, Juan M. Londono, and Nathan Mislang (2017). "Sentiment in Central Banks' Financial Stability Reports," International Finance Discussion Papers 1203. Board of Governors of the Federal Reserve System (U.S.).
  • Calem, Paul, Ricardo Correa, and Seung Jung Lee (2016). "Prudential Policies and Their Impact on Credit in the United States," International Finance Discussion Papers 1186. Board of Governors of the Federal Reserve System (U.S.).
  • Correa, Ricardo, and Ugur Lel (2016). "Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Valuation Around the World," Journal of Financial Economics, vol. 122, no. 3, pp. 500-520.
  • Black, Lamont K., Xin Huang, Hao Zhou, and Ricardo Correa (2016). "The Systemic Risk of European Banks during the Financial and Sovereign Debt Crises," Journal of Banking & Finance, vol. 63, pp. 107-125.
  • Correa, Ricardo; Linda S. Goldberg, and Tara Rice (2015). "International Banking and Liquidity Risk Transmission: Evidence from the United States," IMF Economic Review, vol. 63. pp. 626-643.
  • Correa, Ricardo, and Horacio Sapriza (2015). "Sovereign Debt Crises," in Berger, Allen N., Philip Molyneux, and John O. S. Wilson eds., The Oxford Handbook of Banking, Second edition. (Oxford, UK: Oxford University Press), pp. 737-755.
  • Correa, Ricardo, Kuan-Hui Lee, Horacio Sapriza, and Gustavo A. Suarez (2014). "Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns Around the World," Journal of Money, Credit, and Banking, vol. 46, pp. 93-121.
  • Correa, Ricardo, Linda S. Goldberg, and Tara N. Rice (2014). "Liquidity Risk and U.S. Bank Lending at Home and Abroad," International Finance Discussion Papers 1105. Board of Governors of the Federal Reserve System (U.S.).
  • Correa, Ricardo, Linda S. Goldberg, and Tara N. Rice (2014). "How Do Liquidity Conditions Affect U.S. Bank Lending?" IFDP Notes 2014-10-15. Board of Governors of the Federal Reserve System (U.S.).
  • Marques, Luís Brandão, Ricardo Correa, and Horacio Sapriza (2013). "International Evidence on Government Support and Risk Taking in the Banking Sector," International Finance Discussion Papers 1086. Board of Governors of the Federal Reserve System (U.S.).
  • Arteta, Carlos, Mark S. Carey, Ricardo Correa, and Jason Kotter (2013). "Revenge of the Steamroller: ABCP as a Window on Risk Choices," International Finance Discussion Papers 1076. Board of Governors of the Federal Reserve System (U.S.).
  • Correa, Ricardo (2009). "Cross-Border Bank Acquisitions: Is there a Performance Effect?" Journal of Financial Services Research, vol. 36, no. 2-3, pp. 169-197.
  • Correa, Ricardo, and Gustavo A. Suarez (2009). "Firm Volatility and Banks: Evidence from U.S. Banking Deregulation," Finance and Economics Discussion Series 2009-46. Board of Governors of the Federal Reserve System (U.S.).
  • Correa, Ricardo (2008). "Bank Integration and Financial Constraints: Evidence from U.S. Firms," International Finance Discussion Papers 925. Board of Governors of the Federal Reserve System (U.S.).
  • Bartel, Ann, Casey Ichniowski, Kathryn Shaw, and Ricardo Correa (2007). "International Differences in the Adoption and Impact of New Information Technologies and New HR Practices: The Valve-Making Industry in the U.S. and U.K," NBER Working Paper 13651. National Bureau of Economic Research.
Conference Organization
  • July 2017 | Oxford, United Kingdom

    International Finance and Banking Society 2017 Oxford Conference

    Program Committee

  • April 2017 | Amsterdam, The Netherlands

    Avoiding and Resolving Banking Crises

    Program Committee

  • May 2016 | New York, NY

    Eleventh NYU Stern/New York Fed Conference on Financial Intermediation

    Program Committee

  • March 2016 | Atlanta, GA

    Midwest Finance Association Annual Conference

    Program Committee

  • February 2008 | San Antonio, TX

    Midwest Finance Association Annual Conference

    Program Committee

Referee
  • Contemporary Economic Policy
  • Economic Journal
  • Emerging Markets Finance and Trade
  • European Economic Review
  • Journal of Banking and Finance
  • Journal of Financial Intermediation
  • Journal of Financial Services Research
  • Journal of Financial Stability
  • Journal of International Economics
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • International Journal of Central Banking
  • Revista Desarrollo y Sociedad
  • Review of Financial Studies
Last update: October 2, 2017