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
Leonard Nakamura
Emeritus Economist, Research Department
Leonard Nakamura studies consumer finance, banking, and economic measurement. His recent research develops a framework for financial risk management.
Expertise
- Mortgage Lending
- Home Appraisals
- Housing Prices
- Financial Regulation
- Information
Featured Publications
- Appraising Home Purchase Appraisals
- ‘Don't Know What You Got Till It’s Gone’ — The Effects of the Community Reinvestment Act (CRA) on Mortgage Lending in the Philadelphia Market
- The Impact of the Home Valuation Code of Conduct on Home Appraisals and Mortgage Outcomes
- Information Losses in Home Purchase Appraisals
- House-Price Expectations, Alternative Mortgage Products, and Default
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
