Recent Research & Publications

Research on Transition Economies
Research on Economic Growth
Research on Monetary Policy and Banking
Policy and Opinion

See vitae for complete list

 

Research on Transition Economies
Banking In Transition Economies
John Bonin,  Iftekhar Hasan and Paul Wachtel, Oxford Encyclopedia of Banking, A. Berger, P. Molyneux and J. Wilson, eds. Forthcoming, 2009.

Risk Taking by Banks in the Transition Countries
Rainer Haselmann and Paul Wachtel, Comparative Economic Studies, (49) 2007, pp. 411-29.

A Note on Exchange Rate Pass-through CIS Countries
Iikka Korhonen and Paul Wachtel
Research in International Business and Finance, (20) 2006, pp.215-26.

Dealing with Financial Fragility in Transition Economies
John Bonin and Paul Wachtel, Systemic Financial Crises: Resolving Large Bank Insolvencies.  Douglas Evanoff and George Kaufman, editors. World Scientific Publishing Company, Singapore, 2005. Federal Reserve Bank of Chicago Conference on Systemic Financial Crises: Resolving Large Bank Insolvencies, September 30, 2004.

Privatization Matters: Bank Performance in Transition Countries
John Bonin, Iftekhar Hasan and Paul Wachtel.. Journal of Banking and Finance, (29), August/September 2005, pp. 2153-78.

Bank Performance, Efficiency and Ownership in Transition Countries
John Bonin, Iftekhar Hasan, and Paul Wachtel. Journal of Banking and Finance, (29), January 2005, pp. 31-53.

Financial Sector Development in Transition Economies: Lessons from the First Decade
John Bonin and Paul Wachtel.
Financial Markets, Institutions and Instruments, (12), February 2003.

Observations on Disinflation in Transition Economies
Paul Wachtel and Iikka Korhonen. Federal Reserve Bank of Cleveland conference on 'Low Inflation Economics,' November 2003.

Current Account Sustainability in Transition Economies
Nouriel Roubini and Paul Wachtel, in Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies, ed. by Mario Blejer and Marko Skreb, Kluwer Academic Publishers, 1999. 

Toward Market-Oriented Banking in the Economies in Transition
John Bonin and Paul Wachtel, in Financial Sector Transformation: Lessons for the Economies in Transition, edited by M. Blejer and M. Skreb, Cambridge University Press, 1999.

Banking in Transition Economies: Developing Market Oriented Banking Sectors in Eastern Europe
J. Bonin, K. Mizsei, I. Szekely and P. Wachtel, Edward Elgar Publishers, 1998.

 

Research on Economic Growth
"What is happening to the impact of financial deepening on economic growth?” Peter L. Rousseau and Paul Wachtel, Economic Inquiry, forthcoming.

Institutional Development, Financial Deepening and Economic Growth: Evidence from China
Iftekhar Hasan, Paul Wachtel and Mingming Zhou, Journal of Banking and Finance, January 2009, 33(1), pp.157-70.

How Much Do We Know About Growth and Finance?
Federal Reserve Bank of Atlanta, Economic Review, First Quarter 2003.

Inflation Thresholds and the Finance-Growth Nexus
Peter L. Rousseau and Paul Wachtel. Journal of International Money and Finance (21) November 2002, pp. 777-93.

Inflation, Financial Development and Growth
Peter L. Rousseau and Paul Wachtel. Economic Theory, Dynamics and Markets: Essays in Honor of Ryuzo Sato, Edited by T. Negishi, R. Ramachandran and K. Mino, Kluwer, 2001.

Equity Markets and Growth: Cross-Country Evidence on Timing and Outcomes, 1980-1995 Peter Rousseau and Paul Wachtel, Journal of Banking and Finance, December 2000.

Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries. Peter Rousseau and Paul Wachtel, Journal of Money, Credit and Banking, November 1998.

Financial Intermediation and Economic Growth: A Historical Comparison of the U.S., U.K. and Canada
Paul Wachtel and Peter Rousseau, in Anglo-American Finance, edited by M. Bordo and R. Sylla, Irwin, 1995.

Research on Monetary Policy and Banking
Syndicated loans, foreign banking and capital market development
January 2009.

Bankers Perceptions of the Legal Environment and the Composition of Bank Lending: Evidence from Transition Economies Rainer Haselmann and Paul Wachtel May 2009

The Anticipated Effects of EU Enlargement: Exchange rate Volatility, Institutions and Conditional Convergence.
Leonardo Becchetti, Iftekhar Hasan and Paul Wachtel, Transition Studies Review, December 2008, 15(3), pp.431-46.

Financial Market Response to Monetary Policy Changes in the 1990s
Thomas Urich and Paul Wachtel, Contemporary Economic Policy, July 2001.

"Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective,” with Charles Calomiris and Charles Himmelberg, Carnegie-Rochester Conference Series on Public Policy, Volume 42, June 1995.

Capital Requirements and Shifts In Commercial Bank Portfolios
Joseph Haubrich and Paul Wachtel, Economic Review, Federal Reserve Bank of Cleveland, Quarter 3, 1993. 

Were Price Changes During the Great Depression Anticipated? Evidence From Nominal Interest Rates,
Martin Evans and Paul Wachtel, Journal of Monetary Economics, August 1993.

Inflation Regimes and the Sources of Inflation Uncertainty
Martin Evans and Paul Wachtel, Journal of Money, Credit and Banking, August 1993, Part II.

Interpreting the Movements in Short-Term Interest Rates,
Martin Evans and Paul Wachtel, Journal of Business, July 1992.
Link to Evans Wachtel JB 92

Loan Commitments and Monetary Policy,
George Sofianos, Paul Wachtel and Arie Melnik, Journal of Banking and Finance, October, 1990.

 

Policy and Opinion
International Alignment of Financial Sector Regulation
Viral Acharya, Paul Wachtel and Ingo Walter
Chapter 18 in Restoring Financial Stability: How to Repair a Failed System, V. Acharya and M. Richardson, editors, Forthcoming, John Wiley & Sons, March 2009.

Central Banking for the 21st Century: Is there something new under the sun?
Associazione Guido Carli and Fondazione Cesifin, Sixth Colloquium, Lucca Italy, September 2008.

Understanding the Old and New Bretton Woods
Associazione Guido Carli and Fondazione Cesifin,  Fourth Colloquium, Florence Italy, October 2006.

Basle II should not be the end of the story
Financial Times, Op-ed column, p.19, June 25, 2004.

What's Wrong With Pay-As-You-Go Social Security Programs: Lessons From the United States
Stephen Figlewski, Paul Wachtel and Lawrence White, Central European Banker, December 1996.

More problems for Israel: How should the Bank of Israel be structured? Stephen Cecchetti and Paul Wachtel. Published in Hebrew in Haaretz (Israel) June 16, 2002, p.23.

Israeli Banking Present and Future Prospects
Hedva Ber and Paul Wachtel. Association of Banks in Israel Quarterly Banking Review (Heberw), No. 145, September 2000.

Economics and Economists Face A World Crisis
Haaretz (Israel) in Hebrew, December 21, 1998.

With Inflation Down, Should We Fear Deflation?
TIAA-CREF Investment Forum, Summer 1998.

The Future of Social Security: It's Worse than You Think
Stephen Figlewski, Paul Wachtel and Lawrence White, Stern Business, Fall 1995.

 

 

 
Copyright 2008 Paul Wachtel.