Conference Paper
The ins and outs of LSAPs.
Vissing-Jorgensen, Annette; Krishnamurthy, Arvind (2013)
Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
Financial innovation, macroeconomic stability and systemic crises - comments
Krishnamurthy, Arvind (2006-11)
Proceedings , Issue Nov

Journal Article
How Futures Trading Changed Bitcoin Prices
Hale, Galina; Shultz, Patrick; Krishnamurthy, Arvind; Kudlyak, Marianna (2018)
From Bitcoin?s inception in 2009 through mid-2017, its price remained under $4,000. In the second half of 2017, it climbed dramatically to nearly $20,000, but descended rapidly starting in mid-December. The peak price coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence. Rather, it is consistent with trading behavior that typically accompanies the introduction of futures markets for an asset.
FRBSF Economic Letter