João A.C. Santos

Review of New York Fed Studies on the Effects of Post-Crisis Banking Reforms
With Richard K. Crump
Federal Reserve Bank of New York Economic Policy Review, Volume 24 Number 2, October 2018

The Cost of Bank Regulatory Capital
With Matt Plosser
Review of Financial Studies, forthcoming
Previously circulated as Federal Reserve Bank of New York Staff Reports 853, June 2018

The Valuation of Collateral in Bank Lending
With Stephan Luck
Journal of Financial and Quantitative Analysis, 1-30, 2023

The Importance of Deposit Insurance Credibility
With Diana Bonfim
Journal of Banking and Finance 154, 2023

Investor Diversity and Liquidity in the Secondary Loan Market
With Pei Shao
Journal of Financial Services Research, 63, 249-272, 2023

Bank Lending Networks and the Propagation of Natural Disasters
With Ivan Ivanov and Marco Macchiavelli
Financial Management, 1-25, 2022

Why do banks target ROE?
With George Pennacchi
Journal of Financial Stability , 54, 2021

A Theory of Collateral for the LLR
With Dong Choi and Tanju Yorulmazer
Review of Finance, 25(4), 973-996, 2021

Bank Capital, Borrower Power, and Loan Rates
With Andy Winton
Review of Financial Studies, 32(11), 4501-4541, 2019

Ratings-Based Regulation and Systematic Risk Incentives
With Giuliano Iannotta and George Pennacchi
Review of Financial Studies, 32(4) 1374-1415, 2019

CLO trading and collateral manager bank affiliation
With Stavros Peristiani
Journal of Financial Intermediation, 39, 47-58, 2019

Liquidity Standards and the value of an informed lender of last resort
With Javier Suarez
Journal of Financial Economics, 132, 351-368, 2019

Macroprudential Policy and the Revolving Door of Risk: Lessons from Leveraged Lending Guidance
With Sooji Kim and Matthew C. Plosser
Journal of Financial Intermediation 34, 17-31, 2018
Previously circulated as Federal Reserve Bank of New York Staff Reports 815, May 2017

Banks' Incentives and the Quality of Internal Risk Models
With Matthew C. Plosser
Review of Financial Studies 31(6), 2080-2112, 2018
Previously circulated as Federal Reserve Bank of New York Staff Reports 704, December 2014

Liquidity risk and maturity management over the credit cycle
With Atif Mian
Journal of Financial Economics 127, 264-284, 2018

Monetary policy and bank risk-taking: Evidence from the corporate loan market
With Teodora Paligorova
Journal of Financial Intermediation , 30, 35-49, 2017

Does banks' corporate control lower funding costs? Evidence from US banks' control over firms' voting rights
With Kristin Wilson
Journal of Financial Services Research, 51, 283-311, 2017

Banks' exposure to rollover risk and the maturity of corporate loans
With Teodora Paligorova
Review of Finance, 20(6), 1-27, 2016

The transformation of banking: Tying loan spreads to borrowers' CDS spreads
With Ivan Ivanov, and Thu Vo
Journal of Corporate Finance, 38, 150-165, 2016

Does securitization of corporate loans lead to riskier lending?
With Vitaly M. Bord
Journal of Money, Credit and Banking, 47(2-3), 415-444, 2015

Do banks propagate shocks to the debt market?
With Galina Hale
Journal of Financial Economic Policy, 6(3), 270-310, 2014

Banks' liquidity and the cost of liquidity to corporations
With Vitaly M. Bord
Journal of Money, Credit and Banking, 46(1), 13-45, 2014

The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation
With Vitaly M. Bord
Federal Reserve Bank of New York Economic Policy Review, July 2012, Volume 18, Number 2

Home country bias: Does domestic experience help investors enter foreign markets?
With Margarida Abreu, and Victor Mendes
Journal of Banking and Finance, 35(9), 2330-2340, 2011

Bank loan pricing following the subprime crisis
Review of Financial Studies, 24(6)1916-1943, 2011
Read the full text in SSRN››

Systemic risk and deposit insurance premiums
With Viral Achary and Tanju Yorulmazer
Federal Reserve Bank of New York Economic Policy Review, 16(1), 89-99, 2010
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What Is China's Capital Seeking in a Global Environment?
With Titan Alon and Galina Hale
Federal Reserve Bank of San Francisco Economic Letter, March 22, 2010

Has the US bond market lost its edge to the Eurobond market?
With Stavros Peristiani
International Review of Finance, 10(2), 149-183, 2010
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Do Markets Discipline All Banks Equally?
Journal of Financial Economic Policy, 1(1), 107-123, 2009
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Has the CDS market lowered the cost of debt to firms?
With Adam Ashcraft
Journal of Monetary Economics,56(4), 514-523, 2009
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Is the secondary loan market valuable to borrowers?
With Peter Nigro
The Quarterly Review of Economics and Finance, 49, 1410-1428, 2009
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Do Banks Price their Informational Monopoly?
With Galina Hale
Journal of Financial Economics, 93, 185-206, 2009
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The Cost of Barriers to Entry: Evidence from the Market for Corporate Euro Bond Underwriting
With Kostas Tsatsaronis
Cadernos do Mercado de Valores Mobiliarios, 24, 34-63, 2006 (Special issue of CMVM 15th anniversary)
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Optimal Supervisory Policies and Depositor-Preference Laws
With Henri Pages
Icfai Journal of Banking Law,April, 19-45, 2004
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The Decision to access the Public Bond Market: The role of Reputation, Funding Choices and Lending Relationships
With Galina Hale
Journal of Banking and Finance,32, 2008
1928-1940
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Bank loans, bonds, and information monopolies across the business cycle
With Andrew Winton
Journal of Finance 63(3), 2008
1315-1359
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Trends in Financial Market Concentration and their Implications for Market Stability
With Nicola Cetorelli, Beverly Hirtle, Donald Morgan, and Stavros Peristiani
Federal Reserve Bank of New York Economic Review13(1), 2007
33-51
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Who Should Act as Lender of Last Resort? An Incomplete Contracts Model: A Comment
With Charlie Kahn
Journal of Money Credit and Banking38(4), 2006
1111-1118

Insuring Banks Against Liquidity Shocks: The Role of Deposit Insurance and Lending of Last Resort
Journal of Economic Surveys20(3), 2006
459-482
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Identifying the Effect of Managerial Control on Firm Performance
With Renee B. Adams
Journal of Accounting and Economics41, 2006
55-85
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Why Firm Access to the Bond Market Differs over the Business Cycle: A Theory and Some Evidence
Journal of Banking and Finance30(10), 2006
2715-2736
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The American Keiretsu and Universal Banks: Investing, Voting and Sitting on Nonfinancials Corporate Boards
With Adrienne Rumble
Journal of Financial Economics80, 2006
419-454
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Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision
With Charlie Kahn
European Economic Review49(8), 2005
2107-2136
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Banking and Commerce: A Liquidity Approach
With Joseph Haubrich
Journal of Banking and Finance29(2), 2005
271-294
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Allocating the Lender of Last Resort and Supervision in the Euro Area
With Charlie Kahn
Monetary Union: Why, How, and What Follows?V. Alexander, J. Melitz and G. M. von Furstenberg eds., chapter 19, Oxford University Press, London
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Alternative Forms of Mixing Banking with Commerce: Evidence from American History
With Joseph Haubrich
Financial Markets, Institutions and Instruments, 12(2), 2003
121-164
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The Paradox of Priority
With Stanley Longhofer
Financial Management 32(1), 2003
69-81
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Switching from Single to Multiple Bank-Lending Relationships: Determinants and Implications
With Luisa Farinha
Journal of Financial Intermediation,11 (2), 2002
124-151
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O Euro e o Sistema Financeiro da Zona Euro
Cadernos do Mercado de Valores Mobiliarios, 10, 2001
119-134

The Regulation of Bank Capital: A Review of the Theoretical Literature
Financial Markets, Institutions and Instruments,10(2), 2001
41-84
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Bank of England in Central Banking Theory
International Encyclopedia of Business and Management,2nd edition, volume 1, Accounting to Coase, Malcolm Warner ed, Thomson Learning, London, 2001
342-352

The Importance of Bank Seniority for Relationship Lending
With Stanley Longhofer
Journal of Financial Intermediation, 9, 2000
57-89
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Comments on "Restructuring Bank Regulation: Conflicts of Interest, Stability, and Universal Banking" (by Randall S. Kroszner) and on "Capital Regulation and Depository Institutions," (by Cara S. Lown, Stavros Peristiani and Kenneth J. Bobinson)
Restructuring Regulation and Financial Institutions,James R. Barth, R. D. Brumbaugh & Glenn Yago eds., Milken Institute Press, Santa Monica, California, 2000
87-95

Bank Capital and Equity Investment Regulations
Journal of Banking and Finance,23(7), 1999
1095-1120

Banking and Commerce: How does the United States Compare to other Countries?
Federal Reserve Bank of Cleveland Economic Review,34(4), 14-26, 1998
13 pages / 89 kb

Commercial Banks in the Securities Business: A Review
Journal of Financial Services Research,14(1), 35-59, 1998
See also ››
Reprinted in Chinese in the Investment Order Review 1(2), (Explorations into the Evolution of Financial Systems), 165-195

Securities Activities in Banking Conglomerates: Should Their Location Be Regulated?
Cato Journal,18(1), 1998
93-117

The Dynamics of the Banking Consolidation Impact on Small Business Lending
With Ben Craig
Proceedings to the Bank Structure Conference of the Federal Reserve Bank of Chicago, 1998
569-588

Debt and Equity as Optimal Contracts
Journal of Corporate Finance,3, 1997
355-366

The Risk Effects of Bank Acquisitions
With Ben R. Craig
Federal Reserve Bank of Cleveland Economic Review,33(2), 25-35, 1997
11 pages / 93 kb

The Dark Side of Liquidity
With Joseph H. Haubrich
Federal Reserve Bank of Cleveland Economic Commentary,September 15, 1997

Glass Steagall and the Regulatory Dialectic
Federal Reserve Bank of Cleveland Economic Commentary, February 15, 1996
See also ››
Reprinted in the 1997, Readings to accompany The Economics of Money, Banking, and Financial Markets, 4th edition, James W. Eaton & Frederic S. Miskin eds., Addison-Wesley, Massachusetts, reading 20, 155-162

Joao Santos'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.