Michael Junho Lee

MLee

Financial Research Economist
Money and Payments Studies
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

   
Financial System Architecture and Technological Vulnerability
With Selman Erol
Federal Reserve Bank of New York Staff Reports 1122, September 2024, Revised October 2024

Optimal Design of Tokenized Markets
With Antoine Martin and Robert Townsend
Federal Reserve Bank of New York Staff Reports 1121, September 2024

Zero Settlement Risk Token Systems
With Antoine Martin and Robert Townsend
Federal Reserve Bank of New York Staff Reports 1120, September 2024

Regulating Decentralized Systems: Evidence from Sanctions on Tornado Cash
With Anders Brownworth, Jon Durfee, and Antoine Martin
Federal Reserve Bank of New York Staff Reports 1112, August 2024

When It Rains, It Pours: Cyber Risk and Financial Conditions
With Thomas M. Eisenbach and Anna Kovner
Federal Reserve Bank of New York Staff Reports 1022, June 2022, Revised August 2023

Monetizing Privacy
With Rodney Garratt
Federal Reserve Bank of New York Staff Reports 958, January 2021

Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis
With Thomas M. Eisenbach and Anna Kovner
Federal Reserve Bank of New York Staff Reports 909, January 2020, Revised May 2021

A Dynamic Theory of Collateral Quality and Long-Term Interventions
With Daniel Neuhann
Federal Reserve Bank of New York Staff Reports 894, August 2019

Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
With Rodney Garratt, Antoine Martin, and Robert Townsend
Federal Reserve Bank of New York Staff Reports 892, July 2019

Insider Networks
With Selman Erol
Federal Reserve Bank of New York Staff Reports 862, August 2018, Revised May 2019

Uncertain Booms and Fragility
Federal Reserve Bank of New York Staff Reports 861, July 2018

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.
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