Our mission is to produce leading-edge research on how credit markets and payment systems affect the economy. The Institute sponsors opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.
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Our researchers span four Bank departments and collaborate with each other and visiting scholars to provide the next level of research.
Meet one of our researchers
Larry Cordell
Vice President, Supervision, Regulation, and Credit
Larry Cordell’s research centers on consumer credit risk, particularly mortgages, and fixed income securities.
Expertise
- Mortgage Default and Prepayment Modeling
- Stress Testing
- ABS/MBS Fixed Income Research and Valuation
- Housing Finance Reform
Featured Publications
- Regime Shift and the Post-Crisis World of Mortgage Loss Severities
- A Cost-Benefit Analysis of Judicial Foreclosure Delay and a Preliminary Look at New Mortgage Servicing Rules
- Asymmetric Information and the Death of ABS CDOs
- The Impact of Student Loan Debt on Small Business Formation
- Collateral Damage: Sizing and Assessing the Subprime CDO Crisis
Publications and Resources
Literature Database
Our continually updated database provides bibliographic citations for journal articles, books, reports, and other publications on consumer credit and payments and links to full-text papers from across the Federal Reserve System.
Search Our Literature Database
