Mark Carey

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We serve the American people as part of the US central bank. We support the US economy and our region by studying economic conditions and issues that impact our communities, serving financial institutions, and providing economic education and resources for all.
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Person

Mark Carey is a contributing author and former employee of the Federal Reserve Bank of Cleveland.

Working Papers

Working Paper

Short Selling and Bank Deposit Flows

Mark Carey Christopher Healy

02.27.2024 | WP 24-05

Some observers have argued that the short selling of bank stock contributes to bank runs and bank failures. Previously, no evidence has been available. We find no evidence that more short selling of bank stock is associated with materially larger outflows of bank deposits. We believe this means that proposals to restrict the short selling of bank stock should be supported by other arguments.

Topics: Financial markets, Financial stability, Bank policy and regulation

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