Economic Policy Review

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The Review is a policy-oriented journal focusing on macroeconomic, banking, and financial market topics. It publishes new research by Federal Reserve Bank of New York economists, papers by affiliated economists, and the proceedings of Bank-sponsored conferences.

Kenneth D. Garbade is the series editor;
Meta Brown, Richard Crump, Marco Del Negro, Jan Groen, Andrew Haughwout, and Stavros Peristiani are coeditors.

Browse the Economic Policy Review:  
Archive: Executive summaries of Review articles, 2002-13.
Macroprudential Policy: A Case Study from a Tabletop Exercise
Tobias Adrian, Patrick de Fontnouvelle, Emily Yang, Andrei Zlate

Behavioral Risk Management in the Financial Services Industry: The Role of Culture, Governance, and Financial Reporting

Volume 22, Number 1   August
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Hamid Mehran

Part I: Culture and Risk Management

Corporate Culture in Banking
Anjan Thakor

The Gordon Gekko Effect: The Role of Culture in the Financial Industry
Andrew W. Lo

Risk Management, Governance, Culture, and Risk Taking in Banks
René M. Stulz

Deferred Cash Compensation: Enhancing Stability in the Financial Services Industry
Hamid Mehran and Joseph Tracy

Cash Holdings and Bank Compensation
Viral Acharya,  Hamid Mehran, and Rangarajan K. Sundaram

Part II: Governance and Financial Reporting

Bank Corporate Governance: A Proposal for the Post-Crisis World
Jonathan Macey and Maureen O’Hara

The Role of Financial Reporting and Transparency in Corporate Governance 
Christopher S. Armstrong, Wayne R. Guay, Hamid Mehran, and Joseph P. Weber

Transparency, Accounting Discretion, and Bank Stability
Robert M. Bushman

Public Disclosure and Risk-Adjusted Performance at Bank Holding Companies
Beverly Hirtle

Hamid Mehran

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