Financial Intermediation Staff

Adam Ashcraft. “Are Banks Really Special? New Evidence from the FDIC-Induced Failure of Healthy Banks.” American Economic Review 95, no. 5 (2005).

Nicola Cetorelli. “Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets,” with Philip Strahan. Journal of Finance 61, no. 1 (2006).

Beverly Hirtle. “The Impact of Network Size on Bank Branch Performance.” Journal of Banking and Finance, forthcoming.

John Kambhu. “Trading Risk, Market Liquidity, and Convergence Trading in the Interest Rate Swap Spread.” Federal Reserve Bank of New York Economic Policy Review 12, no. 1 (2006).

Hamid Mehran. “The Economics of Conflicts of Interest in Financial Institutions,” with René Stulz. Journal of Financial Economics 85, no. 2 (2007).

Donald Morgan. “Bank Integration and the Business Cycle,” with Philip Strahan and Bertrand Rime. Quarterly Journal of Economics, forthcoming. 

Stavros Peristiani. “The Role of Bank Advisors in Mergers and Acquisitions,” with Linda Allen, Julapa Jagtiani, and Anthony Saunders. Journal of Money, Credit, and Banking 36, no. 2 (2004).

João Santos. “The American Keiretsu and Universal Banks: Investing, Voting, and Sitting on Nonfinancials’ Corporate Boards,” with Adrienne Rumble. Journal of Financial Economics 80, no. 2 (2006).

“Bank Loans, Bonds, and Information Monopolies across the Business Cycle,” with Andrew Winton. Journal of Finance, forthcoming.

Til Schuermann. “A General Approach to Integrated Risk Management with Skewed, Fat-Tailed Risks,” with Joshua Rosenberg. Journal of Financial Economics 79, no. 3 (2006).

“Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions,” with Evan Gatev and Philip Strahan. Review of Financial Studies, forthcoming.

James Vickery. “(How and Why) Do Small Firms Manage Interest Rate Risk? Evidence from Commercial Loans.” Journal of Financial Economics, forthcoming.

Zhenyu Wang. “A Shrinkage Approach to Model Uncertainty and Asset Allocation.” Review of Financial Studies 18, no. 4 (2005).

“Y2K Options and the Liquidity Premium in Treasury Bond Markets,” with Suresh Sundaresan. Review of Financial Studies, forthcoming.

Chenyang Wei. “Governance Mechanisms and Bond Prices,” with K. J. Martijn Cremers and Vinay B. Nair. Review of Financial Studies, forthcoming.

Tanju Yorulmazer. “Information Contagion and Bank Herding,” with Viral Acharya. Journal of Money, Credit, and Banking, forthcoming.

George Zanjani. “Regulation, Capital, and the Evolution of Organizational Form in U.S. Life Insurance.” American Economic Review 97, no. 3 (2007).

To learn more about joining the Research Group: www.newyorkfed.org/careers/phd.html.

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