2014 Working Paper Series

Our working paper series is Library of Congress
ISSN 1936-9344

Click on the title to see the abstract. Click on the icon to download the entire paper. (You will need the free Acrobat Reader from Adobe).

#14-01
A Probability-Based Stress Test of Federal Reserve Assets and Income
Jens H. E. Christensen, Jose A. Lopez and Glenn D. Rudebusch, December 2013

#14-02
Bank Capital for Operational Risk: A Tale of Fragility and Instability
Mark Ames, Til Schuermann and Hal S. Scott, February 10, 2014

An updated version of this paper dated February 2015 is available here.

#14-03
Why Do Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
Nicole M. Boyson, Rüdiger Fahlenbrach and René M. Stulz, March 2014

#14-04
Fairness and Reflexivity in the Cyprus Bail-in
Stavros A. Zenios, March 2014

#14-05
Interest Rate Risk and Bank Equity Valuations
William B. English, Skander J. Van den Heuvel and
Egon Zakrajsek, April 2014

#14-06
The Federal Reserve’s Discount Window and TAF Programs: “Pushing on a String?”
Allen N. Berger, Lamont K. Black, Christa H.S. Bouwman and Jennifer Dlugosz, April 2014

#14-07
Bank Risk Taking and Liquidity Creation Following Regulatory Interventions and Capital Support
Allen N. Berger, Christa H.S. Bouwman, Thomas Kick and Klaus Schaeck, April 2014

#14-08
Deposits and Bank Capital Structure
Franklin Allen, Elena Carletti and Robert Marquez, May 2014
This is an updated version of Working Paper #13-13

#14-09
Governance, Risk Management, and Risk-Taking in Banks
René M. Stulz, June 2014

#14-10
Risk management optimization for sovereign debt restructuring
Andrea Consiglio, Stavros A. Zenios, August 2014 UPDATED MARCH 2015

#14-11
Self-reporting under SEC Reg AB and transparency in securitization: evidence from loan-level disclosure of risk factors in RMBS deals
Joseph R. Mason, Michael B. Imerman and Hong Lee, June 2014

#14-12
Bank Ownership Structure, SME Lending and Local Credit Markets
Iftekhar Hasan, Krzysztof Jackowicz, Oskar Kowalewski and Łukasz Kozłowski, August 2014

#14-13
Credit Access After Consumer Bankruptcy Filing: New Evidence
Julapa Jagtiani and Wenli Li, August 2014

#14-14
Risk profiles for re-profiling the sovereign debt of crisis countries
Andrea Consiglio, Stavros A. Zenios, August 2014

#14-15
Issuing bonds, shares or staying private? Determinants of going public in an emerging economy
Krzysztof Jackowicz, Oskar Kowalewski, Łukasz Kozłowski and Paulina Roszkowska, September 2014

#14-16
Banks and the World's Major Banking Centers, 2010
Sang Rim Choi, Daekeun Park and Adrian E. Tschoegl, October 2014

#14-17
The Evolution of U.S. Community Banks and Its Impact on Small Business Lending
Julapa Jagtiani, Ian Kotliar and Raman Quinn Maingi, October 2014

#14-18
Interim Fund Performance and Fundraising in Private Equity
Brad M. Barber, Ayako Yasuda, October 2014

#14-20
Law and structure of the capital markets
Xian Gu and Oskar Kowalewski

#14-21
FED Liquidity Policy during the Financial Crisis: Playing For Time
Robert Eisenbeis and Richard Herring