Publications

The Impact of Network Size on Bank Branch Performance 
Journal of Banking and Finance, Forthcoming
32 pages / 109 kb

The Role of Retail Banking in the U.S. Banking Industry: Risk, Return and Industry Structure
With Tim Clark, Astrid Dick, Kevin Stiroh, and Robard Williams
Federal Reserve Bank of New York Economic Policy Review, December 2007, Volume 13, Number 3

Trends in Financial Market Concentration and Their Implications for Market Stability  
With Nicola Cetorelli, Donald P. Morgan, Stavros Peristiani, and Joao Santos
Federal Reserve Bank of New York Economic Policy Review, March 2007, 13: 1, pp. 33-51

The Return to Retail and the Performance of U.S. Banks 
With Kevin Stiroh
Journal of Banking and Finance, 2007, Vol. 31, pp. 1101-1133
43 pages / 185 kb

Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs 
Journal of Money, Credit and Banking, Volume 38, No. 5., August 2006
pp. 1263-91

Stock Repurchases and Bank Holding Company Performance 
Journal of Financial Intermediation, Volume 13, No. 1. January 2004
pp. 28-57

The Evolution of U.S. Bank Branch Networks: Growth, Consolidation, and Strategy
With Christopher Metli
Federal Reserve Bank of New York Current Issues in Economics and Finance, July 2004
7 pages / 264 kb

What Market Risk Capital Reporting Tells Us About Bank Risk 
Federal Reserve Bank of New York Economic Policy Review September 2003 Volume 9, Number 3
18 pages / 183 kb

The Challenges of Risk Management in Diversified Financial Companies 
With Christine M. Cumming
Federal Reserve Bank of New York Economic Policy Review, March 2001
17 pages / 192 kb

Using Credit Risk Models for Regulatory Capital: Issues and Options 
With Mark Levonian, Marc Saidenberg, Stefan Walter, and David Wright
Federal Reserve Bank of New York Economic Policy Review, March 2001
18 pages / 202 kb

Supervisory Information and the Frequency of Bank Examinations 
With J. Lopez
Federal Reserve Bank of New York Economic Policy Review, April 1999
19 pages / 154 kb

Issues in Value-at-Risk Modeling and Evaluation: Commentary 
Federal Reserve Bank of New York Economic Policy Review Special Edition: Proceedings of a Conference Financial Services at the Crossroads: Capital Regulation in the Twenty-First Century, October 1998
4 pages / 125 kb

Bank Holding Company Capital Ratios and Shareholder Payouts 
Federal Reserve Bank of New York Current Issues in Economics and Finance, September 1998
6 pages / 59 kb

Bank Capital Requirements for Market Risk: The Internal Models Approach 
With Darryll Hendricks
Federal Reserve Bank of New York Economic Policy Review, December 1997, Reprinted in Derivatives Week
12 pages / 55 kb

Derivatives, Portfolio Composition, and Bank Holding Company Interest Rate Risk Exposure
Journal of Financial Services Research, Volume 12, No. 2/3, October/December 1997

Regulatory Minimum Capital Standards for Banks: Current Status and Future Prospects
With Darryll Hendricks
Technology: Policy Implications for the Future of Financial Services, proceedings of the 1997 Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, May 1997

Factors Affecting the Competitiveness of Internationally Active Financial Institutions
Federal Reserve Bank of New York Quarterly Review, Spring 1991

Financial Market Evolution and the Interest Sensitivity of Output
With J. Kelleher
Federal Reserve Bank of New York Quarterly Review, Summer 1990

Loan Commitments and the Transmission of Monetary Policy
Financial Changes and the Transmission of Monetary Policy, Federal Reserve Bank of New York, May 1990

A Simple Model of Bank Loan Commitments and Monetary Policy
Financial Changes and the Transmission of Monetary Policy, Federal Reserve Bank of New York, May 1990

Default and Liquidity Risk in the Junk Bond Market
Research in Financial Services: Private and Public Policy, Volume 2, George G. Kaufman ed., 1990

Estimating the Funding Gap of the Pension Benefit Guarantee Corporation
With Arturo Estrella
Federal Reserve Bank of New York Quarterly Review, Autumn 1988

The Growth of the Financial Guarantee Market
Federal Reserve Bank of New York Quarterly Review, Spring 1987

Beverly Hirtle's CV

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.