Matthew McCormick

Network structure of money markets and firms affects policy transmission Understanding the underlying network structure of money markets provides valuable insights for monitoring reserve scarcity and its evolution in response to regulatory and market changes.

Wrote a background piece on money markets and policy transmission

07.10.2025 20:23 — 👍 1    🔁 0    💬 0    📌 0

This piece comes out at 7 AM tomorrow. I'm extremely happy with it (though of course not the story itself!) and I have a number of great quotes from former government officials, and an official quote from ‪@warren.senate.gov.

Take out a paid subscription

www.crisesnotes.com#/portal/signup

09.06.2025 22:28 — 👍 69    🔁 9    💬 2    📌 4

This is a really great short memoir of Michelle White's time in economics. I had no idea (but should've) how ground breaking her presence was in the field

econweb.ucsd.edu/~miwhite/sca...

21.04.2025 18:59 — 👍 48    🔁 11    💬 0    📌 2

Proportionate margining for repo transactions The Federal Reserve Board of Governors in Washington DC.

My colleague Jay Kahn and I wrote something on how to think about setting appropriate margin levels in bilateral repo transactions.

www.federalreserve.gov/econres/note...

14.02.2025 15:38 — 👍 1    🔁 0    💬 0    📌 0

Hi MaryCate. Thank you for your engagement in these issues. Unfortunately I’m not your senator, Dave McCormick, I’m just some random guy.

14.02.2025 15:35 — 👍 1    🔁 0    💬 0    📌 0

I am not posting very actively so here’s my one good tweet from the old place

23.11.2024 23:56 — 👍 1    🔁 0    💬 0    📌 0