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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
Credit Institutions, Ownership and Bank Lending in Transition Countries, Rainer Haselman, Paul Wachtel and Jonas Sobottl, The Palgrave Handbook of European Banking, 2016.
Institutional Development and Stock Price
Synchronicity: Evidence from China, Iftekhar Hasan, Liang Song and Paul Wachtel, Journal of Comparative Economics, February 2014.
Banking
In Transition Economies
John Bonin, Iftekhar Hasan and Paul Wachtel, Oxford Encyclopedia of Banking, A. Berger, P. Molyneux and J. Wilson, eds., 2009; Revised edition, forthcoming.
A Remarkable Transition: Banking in Central and
Eastern
Europe
Paul Wachtel, The PB Report, 2008.
Risk Taking by Banks in the Transition Countries
Rainer Haselmann and Paul Wachtel, Comparative Economic Studies, September 2007.
A Note on Exchange Rate Pass-through CIS Countries
Iikka Korhonen and Paul Wachtel
Research in International Business and Finance, 2006.
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.
Privatization Matters: Bank Performance in Transition Countries
John Bonin, Iftekhar Hasan and Paul Wachtel. Journal of Banking and Finance, August/September 2005.
Bank Performance, Efficiency and Ownership in Transition Countries
John Bonin, Iftekhar Hasan, and Paul Wachtel. Journal of Banking and Finance, January 2005.
Observations on Disinflation in Transition Economies
Paul Wachtel and Iikka Korhonen. In Monetary Policy In Low: Inflation Economies, ed. by David Altig and Ed Nosal, Cambridge
University Press, 2009.
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.
Research on Economic Growth
When to Lean Against the Wind? Bjorn Richter, Moritz Schularick and Paul Wachtel
"Credit Deepening: Precursor to growth or crisis?" Revue d’Economie Financiere, forthcoming.
Financial Systems and Economic Growth, edited by Peter L. Rousseau and Paul Wachtel, Cambridge University Press, 2017.
Episodes of financial deepening: Credit booms or growth generators? Peter L. Rousseau and Paul Wachtel in Financial Systems and Economic Growth, 2017.
The Making of America's Imbalances
Moritz Schularick and Paul Wachtel, CESifo Economic Studies, March 2014. See also Econbrowser blog.
The Evolution of the Finance-Growth Nexus
Comparative Economic Studies, September 2011.
What is happening to the impact of financial deepening on
economic
growth?
Peter L. Rousseau and Paul Wachtel, Economic Inquiry, January, 2011.
Institutional Development, Financial Deepening and Economic Growth: Evidence from China
Iftekhar Hasan, Paul Wachtel and Mingming Zhou, Journal of Banking and Finance, January 2009.
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 L. 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
Soft information and economics activity: Evidence from the Beige Book
Shibley Sadique, Francis In, Paul Wachtel and Madhu Veeraraghavan, Journal of Macroeconomics, September 2013.
Central Banking for the 21st Century: An American Perspective, in Post-Crisis Growth and Integration in Europe
Paul Wachtel, 2011.
Foreign Banks in Syndicated Loan Markets
Rainer
Haselmann and Paul Wachtel, Journal of Banking and Finance, October 2011.
Institutions and Bank Behavior: Legal Environment, Legal Perception, and
the Composition of Bank Lending
Rainer Haselmann and Paul Wachtel, Journal of Money, Credit and Banking,
August 2010.
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.
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
Charles Calomiris, Charles Himmelberg, and Paul Wachtel, 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.
Loan Commitments and Monetary Policy,
George Sofianos, Paul Wachtel and Arie Melnik, Journal of Banking and Finance, October, 1990.
Policy and Opinion
Monetary Policy and the Financial CHOICE Act, in Regulating Wall Street: CHOICE Act vs. Dodd-Frank, ed. by Matt Richardson, Kim Schoenholtz, Bruce Tuckman, and Larry White, March 2017.
Is Macro Prudential Regulation Possible?
May 2013
L'evolution du role de la Federal Reserve, [original in English: The Evolving Role of the Federal Reserve]
Revue d'economie financiere, 105, pp.265-79, Mars 2012
Central Banking for the 21st Century: An
American Perspective
Chapter 10 in "Post-Crisis Growth and Integration in Europe," edited by E. Notwotny, P. Mooslechner and D. Ritzberger-Grunwald, Edward Elgar Publishing, 2011.
The Power of Central Banks and the
Future of the Federal Reserve System
T.Cooley, K. Schoenholtz, G.D. Smith, R. Sylla and P. Wachtel, chapter 2 in Regulating Wall Street The
Dodd-Frank Act and the New Architecture of Global Finance, V. Archarya, T. Cooley, M. Richardson and I. Walter, editors, John Wiley & Sons, 2011.
Dodd-Frank and the Fed with Kermit
Schoenholtz, Regulating Wall Street Blog, July 18, 2010.
Risk is Risk, On or Off Balance Sheet
with Kermit Schoenholtz, American Banker, June 2, 2010.
Free the Fed
Kermit Schoenholtz and Paul Wachtel, Forbes Opinion, April 1, 2010.
Central Bank Independence and the Role of the
Fed
with co-authors, chapter 3 in Real-time Recommendations for Financial Reform, NYU Stern School of Business, e-book, December 2009.
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, John Wiley & Sons, March 2009.
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.
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.
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