Tobias Adrian

Names

Contact

Affiliations

• International Monetary Fund (IMF)
  • website
  • location: Washington, District of Columbia (United States)

Research profile

author of:

• Measuring risk in the hedge fund sector
  by Tobias Adrian
• A Stochastic Model of Self-Fulfilling Crises in Fixed Exchange Rate Systems.
  by Adrian, Tobias & Gros, Daniel
• What financing data reveal about dealer leverage
  by Tobias Adrian & Michael J. Fleming
• Learning about beta: time-varying factor loadings, expected returns, and the conditional CAPM
  by Tobias Adrian & Francesco Franzoni
• The degree of openness and the cost of fixing exchange rate
  by Adrian, Tobias & Gros, Daniel
• Liquidity, monetary policy, and financial cycles
  by Tobias Adrian & Hyun Song Shin
• Disagreement and learning in a dynamic contracting model
  by Tobias Adrian & Mark M. Westerfield
• Learning about Beta: time-varying factor loadings, expected returns and the conditional CAPM
  by Franzoni, Francesco & Adrian, Tobias
• Inference, arbitrage, and asset price volatility
  by Tobias Adrian
• Stock returns and volatility: pricing the short-run and long-run components of market risk
  by Tobias Adrian & Joshua V. Rosenberg
• Monetary tightening cycles and the predictability of economic activity
  by Adrian, Tobias & Estrella, Arturo
• Liquidity and leverage
  by Tobias Adrian & Hyun Song Shin
• Liquidity and financial cycles
  by Tobias Adrian & Hyun Song Shin
• Financial intermediary leverage and value at risk
  by Tobias Adrian & Hyun Song Shin
• Pricing the term structure with linear regressions
  by Tobias Adrian & Emanuel Moench
• CoVaR
  by Tobias Adrian & Markus K. Brunnermeier
• Financial intermediaries, financial stability, and monetary policy
  by Tobias Adrian & Hyun Song Shin
• Inference, arbitrage, and asset price volatility
  by Adrian, Tobias
• Stock Returns and Volatility: Pricing the Short‐Run and Long‐Run Components of Market Risk
  by TOBIAS ADRIAN & JOSHUA ROSENBERG
• The term structure of inflation expectations
  by Tobias Adrian & Hao Wu
• Risk appetite and exchange Rates
  by Tobias Adrian & Erkko Etula & Hyun Song Shin
• Money, liquidity, and monetary policy
  by Tobias Adrian & Hyun Song Shin
• Money, Liquidity, and Monetary Policy
  by Tobias Adrian & Hyun Song Shin
• Learning about Beta: Time-Varying Factor Loadings, Expected Returns,and the Conditional CAPM
  by Francesco FRANZONI & Tobias ADRIAN
• The shadow banking system: implications for financial regulation
  by Tobias Adrian & Hyun Song Shin
• The Federal Reserve's Primary Dealer Credit Facility
  by Tobias Adrian & Christopher R. Burke & James J. McAndrews
• Learning about beta: Time-varying factor loadings, expected returns, and the conditional CAPM
  by Adrian, Tobias & Franzoni, Francesco
• Disagreement and Learning in a Dynamic Contracting Model
  by Tobias Adrian & Mark M. Westerfield
• Monetary cycles, financial cycles, and the business cycle
  by Tobias Adrian & Arturo Estrella & Hyun Song Shin
• The Federal Reserve's Commercial Paper Funding Facility
  by Tobias Adrian & Karin Kimbrough & Dina Marchioni
• Financial intermediaries and monetary economics
  by Tobias Adrian & Hyun Song Shin
• Prices and quantities in the monetary policy transmission mechanism
  by Tobias Adrian & Hyun Song Shin
• Monetary tightening cycles and the predictability of economic activity
  by Tobias Adrian & Arturo Estrella
• Financial intermediation, asset prices, and macroeconomic dynamics
  by Tobias Adrian & Emanuel Moench & Hyun Song Shin
• Prices and Quantities in the Monetary Policy Transmission Mechanism
  by Tobias Adrian & Hyun Song Shin
• Macro risk premium and intermediary balance sheet quantities
  by Tobias Adrian & Emanuel Moench & Hyun Song Shin
• The changing nature of financial intermediation and the financial crisis of 2007-09
  by Tobias Adrian & Hyun Song Shin
• Shadow banking
  by Tobias Adrian & Adam B. Ashcraft & Hayley Boesky & Zoltan Pozsar
• Comment on "Two Monetary Tools: Interest Rates and Haircuts"
  by Tobias Adrian & Erkko Etula
  edited by
• Stock returns and volatility: pricing the long-run and short-run components of market risk
  by Tobias Adrian & Joshua V. Rosenberg
• Liquidity and leverage
  by Adrian, Tobias & Shin, Hyun Song
• Funding liquidity risk and the cross-section of stock returns
  by Tobias Adrian & Erkko Etula
• Macro Risk Premium and Intermediary Balance Sheet Quantities
  by Tobias Adrian & Emanuel Moench & Hyun Song Shin
• Financial amplification of foreign exchange risk premia
  by Tobias Adrian & Erkko Etula & Jan J. J. Groen
• Financial amplification of foreign exchange risk premia
  by Adrian, Tobias & Etula, Erkko & Groen, Jan J. J.
• Hedge Fund Tail Risk
  by Tobias Adrian & Markus K. Brunnermeier & Hoai-Luu Q. Nguyen
  edited by
• Financial Intermediaries and Monetary Economics
  by Adrian, Tobias & Song Shin, Hyun
  edited by
• The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009
  by Tobias Adrian & Hyun Song Shin
• The Federal Reserve’s Commercial Paper Funding Facility
  by Tobias Adrian & Karin Kimbrough & Dina Marchioni
• Regression-based estimation of dynamic asset pricing models
  by Tobias Adrian & Richard K. Crump & Emanuel Moench
• The shadow banking system: implications for fi nancial regulation
  by Adrian, T. & Shin, H. S.
• Liquidity and financial contagion.
  by Adrian, T. & Shin, H. S.
• Repo and Securities Lending
  by Tobias Adrian & Brian Begalle & Adam Copeland & Antoine Martin
  edited by
• Which financial frictions? Parsing the evidence from the financial crisis of 2007-09
  by Tobias Adrian & Paolo Colla & Hyun Song Shin
• Financial intermediary balance sheet management
  by Tobias Adrian & Hyun Song Shin
• CoVaR
  by Tobias Adrian & Markus K. Brunnermeier
• Repo and securities lending
  by Tobias Adrian & Brian Begalle & Adam Copeland & Antoine Martin
• Dodd-Frank one year on: implications for shadow banking
  by Tobias Adrian
• Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009
  by Tobias Adrian & Paolo Colla & Hyun Song Shin
  edited by
• Shadow banking regulation
  by Tobias Adrian & Adam B. Ashcraft
• Risk Appetite and Exchange Rates
  by Hyun Song Shin & Erkko Etula & Tobias Adrian
• Broker-Dealer Leverage and the Cross-Section of Stock Returns
  by Tyler Muir & Erkko Etula & Tobias Adrian
• Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
  by Tobias Adrian & Paolo Colla & Hyun Song Shin
• Financial Intermediation, Asset Prices, and Macroeconomic Dynamics
  by Hyun Song Shin & Emanuel Moench & Tobias Adrian
• Disagreement and Learning in a Dynamic Contracting Model
  by Mark Westerfield & Tobias Adrian
• Intermediary leverage cycles and financial stability
  by Tobias Adrian & Nina Boyarchenko
• Financial stability monitoring
  by Tobias Adrian & Daniel M. Covitz & J. Nellie Liang
• Financial Intermediary Balance Sheet Management
  by Tobias Adrian & Hyun Song Shin
• Pricing the term structure with linear regressions
  by Adrian, Tobias & Crump, Richard K. & Moench, Emanuel
• Repo and Securities Lending
  by Tobias Adrian & Brian Begalle & Adam Copeland & Antoine Martin
• Procyclical Leverage and Value-at-Risk
  by Tobias Adrian & Hyun Song Shin
• Decomposing real and nominal yield curves
  by Michael Abrahams & Tobias Adrian & Richard K. Crump & Emanuel Moench
• Shadow banking: a review of the literature
  by Tobias Adrian & Adam B. Ashcraft
• Financial stability monitoring
  by Tobias Adrian & Daniel M. Covitz & J. Nellie Liang
• Intermediary balance sheets
  by Tobias Adrian & Nina Boyarchenko
• Dynamic Leverage Asset Pricing
  by Tobias Adrian & Emanuel Moench & Hyun Song Shin
• Shadow bank monitoring
  by Tobias Adrian & Adam B. Ashcraft & Nicola Cetorelli
• Shadow Banking Regulation
  by Tobias Adrian & Adam B. Ashcraft
• Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009
  by Tobias Adrian & Paolo Colla & Hyun Song Shin
• Discussion of “An Integrated Framework for Multiple Financial Regulations”
  by Tobias Adrian
• shadow banking: a review of the literature
  by Tobias Adrian & Adam B. Ashcraft
  edited by
• Liquidity policies and systemic risk
  by Tobias Adrian & Nina Boyarchenko
• Financial stability policies for shadow banking
  by Tobias Adrian
• Financial intermediaries, financial stability and monetary policy
  by Tobias Adrian & Hyun Song Shin
• Shadow banking
  by Tobias Adrian & Adam B. Ashcraft & Hayley Boesky & Zoltan Pozsar
• Monetary policy, financial conditions, and financial stability
  by Tobias Adrian & J. Nellie Liang
• Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks”
  by Tobias Adrian
• Nonlinearity and flight to safety in the risk-return trade-off for stocks and bonds
  by Tobias Adrian & Richard K. Crump & Erik Vogt
• Macroprudential policy: case study from a tabletop exercise
  by Tobias Adrian & Patrick de Fontnouvelle & Emily Yang & Andrei Zlate
• On the scale of financial intermediaries
  by Tobias Adrian & Nina Boyarchenko & Hyun Song Shin
• News shocks, monetary policy, and foreign currency positions
  by Bianca De Paoli & Hande Küçük
• The cost of capital of the financial sector
  by Tobias Adrian & Evan Friedman & Tyler Muir
• Global price of risk and stabilization policies
  by Tobias Adrian & Daniel Stackman & Erik Vogt
• Vulnerable growth
  by Tobias Adrian & Nina Boyarchenko & Domenico Giannone
• Market liquidity after the financial crisis
  by Tobias Adrian & Michael J. Fleming & Or Shachar & Erik Vogt
• Intraday market making with overnight inventory costs
  by Tobias Adrian & Agostino Capponi & Michael J. Fleming & Erik Vogt & Hongzhong Zhang
• Dealer balance sheets and bond liquidity provision
  by Tobias Adrian & Nina Boyarchenko & Or Shachar
• Financial vulnerability and monetary policy
  by Tobias Adrian & Fernando M. Duarte
• Macroprudential policy: a case study from a tabletop exercise
  by Tobias Adrian & Patrick de Fontnouvelle & Emily Yang & Andrei Zlate
• Macroprudential Policy: Case Study from a Tabletop Exercise
  by Tobias Adrian & Patrick de Fontnouvelle & Emily Yang & Andrei Zlate
• S hadow Banking
  by Tobias Adrian & Adam Ashcraft & Hayley Boesky & Zoltan Pozsar
• Regression-based estimation of dynamic asset pricing models
  by Adrian, Tobias & Crump, Richard K. & Moench, Emanuel
• Procyclical Leverage and Value-at-Risk
  by Tobias Adrian & Hyun Song Shin
• Monetary Policy, Financial Conditions, and Financial Stability
  by Adrian, Tobias & Liang, Nellie
• Regression Based Estimation of Dynamic Asset Pricing Models
  by Adrian, Tobias & Crump, Richard K. & Moench, Emanuel
• Procyclical leverage and value-at-risk
  by Adrian, Tobias & Shin, Hyun Song
• Liquidity Policies and Systemic Risk
  by Nina Boyarchenko & Tobias Adrian
• Learning about Beta: Time-varying factor loadings, expected returns, and the Conditional CAPM
  by Francesco Franzoni & Tobias Adrian
• The Cost of Capital of the Financial Sector
  by Adrian, Tobias & Friedman, Evan & Muir, Tyler
• Vulnerable Growth
  by Adrian, Tobias & Boyarchenko, Nina & Giannone, Domenico
• Monetary Policy, Financial Conditions, and Financial Stability
  by Tobias Adrian & Nellie Liang
• Nonlinearity and Flight-to-Safety in the Risk-Return Tradeoff for Stocks and Bonds
  by Adrian, Tobias & Crump, Richard K. & Vogt, Erik
• Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed Income Markets
  by Tobias Adrian & Michael J. Fleming & Jonathan Goldberg & Morgan Lewis & Fabio M. Natalucci
• CoVaR
  by Tobias Adrian & Markus K. Brunnermeier
• Financial Stability Monitoring
  by Daniel Covitz & Nellie Liang & Tobias Adrian
• Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
  by Tobias Adrian & Paolo Colla & Hyun Song Shin
• Financial Stability Policies for Shadow Banking
  by Adrian, Tobias
• Decomposing real and nominal yield curves
  by Abrahams, Michael & Adrian, Tobias & Crump, Richard K. & Moench, Emanuel & Yu, Rui
• Intermediary Balance Sheets
  by Nina Boyarchenko & Tobias Adrian
• Financial Intermediaries and the Cross-Section of Asset Returns
  by TOBIAS ADRIAN & ERKKO ETULA & TYLER MUIR
• Financial Stability Monitoring
  by Tobias Adrian & Daniel M. Covitz & J. Nellie Liang
• Dynamic Leverage Asset Pricing
  by Adrian, Tobias & Moench, Emanuel & Shin, Hyun Song
• An index of Treasury Market liquidity: 1991-2017
  by Tobias Adrian & Michael J. Fleming & Erik Vogt
• Dealer Balance Sheets and Bond Liquidity Provision
  by Adrian, Tobias & Boyarchenko, Nina & Shachar, Or
• Risk Management and Regulation
  by Adrian, Tobias
• Vulnerable Growth
  by Nina Boyarchenko & Domenico Giannone & Tobias Adrian
• Dealer balance sheets and bond liquidity provision
  by Adrian, Tobias & Boyarchenko, Nina & Shachar, Or
• Financial Vulnerability and Monetary Policy
  by Fernando Duarte & Tobias Adrian
• Intraday Market Making with Overnight Inventory Costs
  by Adrian, Tobias & Capponi, Agostino & Vogt, Erik & Zhang, Hongzhong
• Liquidity Policies and Systemic Risk
  by Adrian, Tobias & Boyarchenko, Nina
• Market Liquidity after the Financial Crisis
  by Adrian, Tobias & Fleming, Michael J. & Shachar, Or & Vogt, Erik
• Monetary policy and financial conditions: a cross-country study
  by Tobias Adrian & Fernando M. Duarte & Federico Grinberg & Tommaso Mancini-Griffoli
• Monetary Policy and Financial Conditions: A Cross-Country Study
  by Adrian, Tobias & Duarte, Fernando & Grinberg, Federico & Mancini-Griffoli, Tommaso
• Risk-Taking Channel of Monetary Policy
  by Adrian, Tobias & Estrella, Arturo & Shin, Hyun Song
• Shadow banking
  by Tobias Adrian & Adam Ashcraft & Hayley Boeski & Zoltan Pozsar
• The Term Structure of Growth-at-Risk
  by Adrian, Tobias & Grinberg, Federico & Liang, Nellie & Malik, Sheherya
• Nonlinearity and Flight‐to‐Safety in the Risk‐Return Trade‐Off for Stocks and Bonds
  by TOBIAS ADRIAN & RICHARD K. CRUMP & ERIK VOGT
• Monetary Policy, Financial Conditions, and Financial Stability
  by Tobias Adrian & Nellie Liang
• Shadow banking and market-based finance
  by Tobias ADRIAN & Bradley JONES
• A Leverage-Based Measure of Financial Stability
  by Adrian, Tobias & Borowiecki, Karol Jan & Tepper, Alexander
• Liquidity policies and systemic risk
  by Adrian, Tobias & Boyarchenko, Nina
• A Review of Shadow Banking
  by Adrian, Tobias & Ashcraft, Adam & Breuer, Peter & Cetorelli, Nicola
• Liquidity, Leverage, and Regulation Ten Years after the Global Financial Crisis
  by Adrian, Tobias & Kiff, John & Shin, Hyun Song
• Vulnerable Growth
  by Tobias Adrian & Nina Boyarchenko & Domenico Giannone
• Global Price of Risk and Stabilization Policies
  by Tobias Adrian & Daniel Stackman & Erik Vogt
• Liquidity, Leverage, and Regulation 10 Years After the Global Financial Crisis
  by Tobias Adrian & John Kiff & Hyun Song Shin
• Market Liquidity After the Financial Crisis
  by Erik Vogt & Michael Fleming & Or Shachar & Tobias Adrian
• Financial Vulnerability and Monetary Policy
  by Adrian, Tobias & Duarte, Fernando
• Global Price of Risk and Stabilization Policies
  by Adrian, Tobias & Stackman, Daniel & Vogt, Erik
• A Leverage-Based Measure of Financial Stability
  by Adrian, Tobias & Borowiecki, Karol Jan & Tepper, Alexander
• Risk‐taking channel of monetary policy
  by Tobias Adrian & Arturo Estrella & Hyun Song Shin
• Multimodality in Macro-Financial Dynamics
  by Tobias Adrian & Nina Boyarchenko & Domenico Giannone
• Do Treasury Term Premia Rise around Monetary Tightenings?
  by Tobias Adrian & Richard K. Crump & Emanuel Moench
• The Recent Bond Market Selloff in Historical Perspective
  by Tobias Adrian & Michael J. Fleming
• Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed-Income Markets
  by Tobias Adrian & Michael J. Fleming & Jonathan Goldberg & Morgan Lewis & Fabio M. Natalucci
• Intermediary Leverage Cycles and Financial Stability
  by Tobias Adrian & Nina Boyarchenko
• Liquidity Risk, Liquidity Management, and Liquidity Policies
  by Tobias Adrian & Joao A. C. Santos
• Liquidity Policies and Systemic Risk
  by Tobias Adrian & Nina Boyarchenko
• Treasury Term Premia: 1961-Present
  by Tobias Adrian & Richard K. Crump & Benjamin Mills & Emanuel Moench
• Introduction to a Series on Market Liquidity
  by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg
• Has U.S. Treasury Market Liquidity Deteriorated?
  by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt
• What's Driving Dealer Balance Sheet Stagnation?
  by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt
• Discounting the Long-Run
  by Tobias Adrian & Richard K. Crump & Peter A. Diamond & Rui Yu
• Introduction to a Series on Market Liquidity: Part 2
  by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg
• Has Liquidity Risk in the Treasury and Equity Markets Increased?
  by Tobias Adrian & Michael J. Fleming & Daniel Stackman & Erik Vogt
• Has Liquidity Risk in the Corporate Bond Market Increased?
  by Tobias Adrian & Michael J. Fleming & Or Shachar & Daniel Stackman & Erik Vogt
• Changes in the Returns to Market Making
  by Tobias Adrian & Michael J. Fleming & Or Shachar & Daniel Stackman & Erik Vogt
• Redemption Risk of Bond Mutual Funds and Dealer Positioning
  by Tobias Adrian & Michael J. Fleming & Or Shachar & Erik Vogt
• Continuing the Conversation on Liquidity
  by Tobias Adrian & Michael J. Fleming & Ernst Schaumburg
• Corporate Bond Market Liquidity Redux: More Price-Based Evidence
  by Tobias Adrian & Michael J. Fleming & Erik Vogt & Zachary Wojtowicz
• Did Third Avenue's Liquidation Reduce Corporate Bond Market Liquidity?
  by Tobias Adrian & Michael J. Fleming & Erik Vogt & Zachary Wojtowicz
• Forecasting Interest Rates over the Long Run
  by Tobias Adrian & Richard K. Crump & Peter A. Diamond & Rui Yu
• Dealer Balance Sheets and Corporate Bond Liquidity Provision
  by Tobias Adrian & Nina Boyarchenko & Or Shachar
• Market Liquidity after the Financial Crisis
  by Tobias Adrian & Michael J. Fleming & Or Shachar
• Vulnerable Growth
  by Tobias Adrian & Nina Boyarchenko & Domenico Giannone
• Forecasting Macroeconomic Risks
  by Patrick A. Adams & Tobias Adrian & Nina Boyarchenko & Domenico Giannone
• NKV: A New Keynesian Model with Vulnerability
  by Tobias Adrian & Fernando Duarte & Nellie Liang & Pawel Zabczyk
• What Do Financial Conditions Tell Us about Risks to GDP Growth?
  by Patrick A. Adams & Tobias Adrian & Nina Boyarchenko & Domenico Giannone & J. Nellie Liang
• Risk Management and Regulation
  by Tobias Adrian
• The Non-U.S. Bank Demand for U.S. Dollar Assets
  by Adrian, Tobias & Xie, Peichu
• Forecasting Macroeconomic Risks
  by Adams, Patrick & Adrian, Tobias & Boyarchenko, Nina & Giannone, Domenico
• Shadow Banking and Market-Based Finance
  by Tobias Adrian & Bradley Jones
• A Monitoring Framework for Global Financial Stability
  by Tobias Adrian & Dong He & Nellie Liang & Fabio M. Natalucci
• Stress Testing at the IMF
  by Tobias Adrian & James Morsink & Liliana B. Schumacher
• Monetary and Macroprudential Policy with Endogenous Risk
  by Adrian, Tobias & Duarte, Fernando & Liang, Nellie & Zabczyk, Pawel
• A Leverage-Based Measure of Financial Instability
  by Tobias Adrian & Karol Jan Borowiecki & Alexander Tepper