Peter Zimmerman
Research Economist
- BA,
- Mathematics,
- St. John’s College, Cambridge,
- 2002
- MS,
- Economics,
- Trinity College, Dublin,
- 2007
- PhD,
- Financial Economics,
- Saïd Business School, University of Oxford,
- 2019
Peter Zimmerman is a research economist in the Research Department at the Federal Reserve Bank of Cleveland. His research interests are in financial market infrastructure and banking. He is interested in the potential for blockchain technology to change the financial landscape, and whether central bank digital currencies (CBDCs) can help address some of the reasons for financial exclusion.
Prior to joining the Bank in 2020, Dr. Zimmerman was a senior economist at the Bank of England. He worked on research and policy issues around the Basel 3 banking reforms, payments systems, shadow banking, and macroprudential policy.
Dr. Zimmerman received his PhD in financial economics from Saïd Business School at the University of Oxford. He holds a BA in mathematics from the University of Cambridge, and an MSc in economics from Trinity College Dublin.
Featured Publications
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“Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks.” With Anantha Divakaruni. Management Science, 2023 (May).
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“The Lightning Network: Making Bitcoin into Money.” With Anantha Divakaruni. Finance Research Letters, 2023.
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“Centralized Netting in Financial Networks.” With Rodney Garratt. Journal of Banking & Finance, 2020.
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“A Mechanism for LIBOR.” With Brian Coulter and Joel Shapiro. Review of Finance, 2018.
- “The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers.” With Evangelos Benos and Rodney Garratt. International Journal of Central Banking, 2014.
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- “Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks.” With Anantha Divakaruni. Management Science, 2023 (May).
- “The Lightning Network: Making Bitcoin into Money.” With Anantha Divakaruni. Finance Research Letters, 2023.
- “Centralized Netting in Financial Networks.” With Rodney Garratt. Journal of Banking and Finance, 2020.
- “A Mechanism for LIBOR.” With Brian Coulter and Joel Shapiro. Review of Finance, 2018.
- “Identification of over and under Provision of Liquidity in Real-Time Payment Systems.” With Edward Denbee and Rodney Garratt. Journal of Financial Market Infrastructures, 2015.
- “The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers.” With Evangelos Benos and Rodney Garratt. International Journal of Central Banking, 2014.
Book Chapters and Contributions
- “Market Discipline, Public Disclosure and Financial Stability.” With Rhiannon Sowerbutts. In The Handbook of Post-Crisis Financial Modelling. Edited by Emmanuel Haven, Philip Molyneux, John O. S. Wilson, Sergei Fedotov, and Meryem Duygun. Palgrave-MacMillan, 2016.
- The Economics of Large-Value Payments and Settlement–Theory and Policy Issues for Central Banks. Contributing author. Edited by Mark Manning, Erlend Nier, and Jochen Schanz. Oxford University Press, 2009.
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- “The Cheque Republic–Money in a Modern Economy with no Banks.” With Ben Norman. Bank Underground (Bank of England blog), 2016.
- “Who Benefits from the Implicit Subsidy?” With Rhiannon Sowerbutts. Bank Underground (Bank of England blog), 2015.
- “Banks’ Disclosure and Financial Stability.” With Rhiannon Sowerbutts and Ilknur Zer. Bank of England Quarterly Bulletin, 2013 Also published as VoxEU article.
- “The Sterling Unsecured Loan Market during 2006-08–Insights from Network Theory.” With Anne Wetherilt and Kimmo Soramäki. Bank of England working paper, no. 398, 2010.
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