Meet the Researchers
Seung Jung Lee
Education
- Ph.D., Economics, University of Chicago, 2006
- M.A., Economics, University of Chicago, 2001
- B.A., Economics, Yale University, 1997
- Financial Stability, Monetary Policy, Supervision and Regulation
- Natural Language Processing, Machine Learning, Artificial Intelligence
Deputy Associate Director
Board of Governors of the Federal Reserve System
2023 - presentAssistant Director
Board of Governors of the Federal Reserve System
2021 - 2023Chief, International Financial Stability Section
Board of Governors of the Federal Reserve System
2018 - 2021Senior Economic Project Manager
Board of Governors of the Federal Reserve System
2015 - 2018Principal Economist, International Financial Stability Section
Board of Governors of the Federal Reserve System
2014 - 2015Senior Economist, Banking Analysis Section
Board of Governors of the Federal Reserve System
2009 - 2014Economist, Quantitative Risk Management Section
Board of Governors of the Federal Reserve System
2006 - 2008
- Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance
Elena Afanasyeva, Sam Jerow, Seung Jung Lee, and Michele Modugno
Journal of Financial Stability (Forthcoming)
https://doi.org/10.1016/j.jfs.2020.100839
See also » FRB Working Paper (2020) - Less Bank Regulation, More Non-Bank Lending
Mary Chen, Seung Jung Lee, Daniel Neuhann, and Farzad Saidi
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.026 - Identifying Financial Crises Using Machine Learning on Textual Data
Mary Chen, Matthew DeHaven, Isabel Kitschelt, Seung Jung Lee, and Martin J. Sicilian
International Finance Discussion Papers (2023)
https://doi.org/10.17016/IFDP.2023.1374 - Identifying Financial Crises Using Machine Learning on Textual Data
Mary Chen, Matthew DeHaven, Isabel Kitschelt, Seung Jung Lee, and Martin J. Sicilian
Journal of Risk and Financial Management (2023)
https://doi.org/10.3390/jrfm16030161
See also » FRB Working Paper (2023) - The 1997–1998 Korean financial crisis
Seung Jung Lee
Elgar Encyclopedia of Financial Crises (2023) - The 2007 financial crisis in the United Kingdom
Seung Jung Lee
Elgar Encyclopedia of Financial Crises (2023) - Sentiment in Bank Examination Reports and Bank Outcomes
Maureen Cowhey, Seung Jung Lee, Thomas Popeck Spiller, and Cindy M. Vojtech
Finance and Economics Discussion Series (2022)
https://doi.org/10.17016/FEDS.2022.077 - Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans
Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
Journal of Banking & Finance (2022)
https://doi.org/10.1016/j.jbankfin.2019.05.006
See also » FRB Working Paper (2019) - Risk taking and low longer-term interest rates: Evidence from the U.S. syndicated term loan market
Sirio Aramonte, Seung Jung Lee, and Viktors Stebunovs
Journal of Banking & Finance (2022)
https://doi.org/10.1016/j.jbankfin.2019.02.010
See also » FRB Working Paper (2015) - Bank Lending Conditions during the Pandemic
David Bodovski, Hannah Firestone, Seung Jung Lee, and Viktors Stebunovs
FEDS Notes (2021)
https://doi.org/10.17016/2380-7172.3000 - The U.S. syndicated loan market: Matching data
Gregory J. Cohen, Jacob Dice, Melanie Friedrichs, Kamran Gupta, William Hayes, Isabel Kitschelt, Seung Jung Lee, W. Blake Marsh, Nathan Mislang, Maya Shaton, Martin Sicilian, and Chris Webster
Journal of Financial Research (2021)
https://doi.org/10.1111/jfir.12261
See also » FRB Working Paper (2018) - Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance
Elena Afanasyeva, Sam Jerow, Seung Jung Lee, and Michele Modugno
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.028 - Prudential Policies and Their Impact on Credit in the United States
Paul Calem, Ricardo Correa, and Seung Jung Lee
Journal of Financial Intermediation (2020)
https://doi.org/10.1016/j.jfi.2019.04.002
See also » FRB Working Paper (2016) - The Anatomy of Financial Vulnerabilities and Banking Crises
Seung Jung Lee, Kelly E. Posenau, and Viktors Stebunovs
Journal of Banking & Finance (2020)
https://doi.org/10.1016/j.jbankfin.2018.04.013
See also » FRB Working Paper (2017) - The U.S. Syndicated Term Loan Market: Who Holds What and When?
Seung Jung Lee, , Dan Li, Ralf R. Meisenzahl, and Martin J. Sicilian
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2473 - Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans
Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
International Finance Discussion Papers (2019)
https://doi.org/10.17016/IFDP.2019.1251 - What's Driving Leveraged Loan Spreads?
Blake Marsh and Seung Jung Lee
Macro Bulletin (2019) - The U.S. Syndicated Loan Market: Matching Data
Gregory J. Cohen, Melanie Friedrichs, Kamran Gupta, William Hayes, Seung Jung Lee, W. Blake Marsh, Nathan Mislang, Maya Shaton, and Martin Sicilian
Finance and Economics Discussion Series (2018)
https://doi.org/10.17016/FEDS.2018.085 - The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation
Elena Afanasyeva, Seung Jung Lee, Michele Modugno, and Francisco Palomino
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2253 - The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Quantitative Exploration
Elena Afanasyeva, Seung Jung Lee, Michele Modugno, and Francisco Palomino
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2254 - Prudential Policies and Their Impact on Credit in the United States
Paul Calem, Ricardo Correa, and Seung Jung Lee
BIS Working Papers (2017) - Mapping Heat in the U.S. Financial System
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael G. Palumbo, and Missaka N. Warusawitharana
Journal of Banking & Finance (2017)
https://doi.org/10.1016/j.jbankfin.2017.04.013
See also » FRB Working Paper (2015) - The Anatomy of Financial Vulnerabilities and Crises
Seung Jung Lee, Kelly E. Posenau, and Viktors Stebunovs
International Finance Discussion Papers (2017)
https://doi.org/10.17016/IFDP.2017.1191 - Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
International Finance Discussion Papers (2017)
https://doi.org/10.17016/IFDP.2017.1188 - Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
IMF Working Papers (2017)
See also » FRB Working Paper (2017) - Prudential Policies and Their Impact on Credit in the United States
Paul Calem, Ricardo Correa, and Seung Jung Lee
International Finance Discussion Papers (2016)
https://doi.org/10.17016/IFDP.2016.1186 - Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment
Seung Jung Lee and Viktors Stebunovs
International Finance Discussion Papers (2016)
https://doi.org/10.17016/IFDP.2016.1161 - Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment
Seung Jung Lee and Viktors Stebunovs
Journal of Economics & Business (2016)
https://doi.org/10.1016/j.jeconbus.2015.11.002
See also » FRB Working Paper (2016) - Risk Taking and Low Longer-term Interest Rates: Evidence from the U.S. Syndicated Loan Market
Sirio Aramonte, Seung Jung Lee, and Viktors Stebunovs
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.068 - Mapping Heat in the U.S. Financial System: A Summary
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael G. Palumbo, and Missaka N. Warusawitharana
FEDS Notes (2015)
https://doi.org/10.17016/2380-7172.1574
See also » FRB Working Paper (2015) - Mapping Heat in the U.S. Financial System
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael G. Palumbo, and Missaka N. Warusawitharana
Finance and Economics Discussion Series (2015)
https://doi.org/10.17016/FEDS.2015.059 - Estimating Changes in Supervisory Standards and Their Economic Effects
William F. Bassett, Seung Jung Lee, and Thomas Popeck Spiller
Journal of Banking & Finance (2015)
https://doi.org/10.1016/j.jbankfin.2015.07.010
See also » FRB Working Paper (2012) - The Credit Crunch and Fall in Employment during the Great Recession
Samuel Haltenhof, Seung Jung Lee, and Viktors Stebunovs
Journal of Economic Dynamics & Control (2014)
https://doi.org/10.1016/j.jedc.2014.03.013
See also » FRB Working Paper (2014) - The Credit Crunch and Fall in Employment during the Great Recession
Samuel Haltenhof, Seung Jung Lee, and Viktors Stebunovs
Finance and Economics Discussion Series (2014)
https://doi.org/10.17016/FEDS.2014.06 - Bank Capital Ratios and the Structure of Nonfinancial Industries
Seung Jung Lee and Viktors Stebunovs
Finance and Economics Discussion Series (2012)
https://doi.org/10.17016/FEDS.2012.53 - Estimating Changes in Supervisory Standards and Their Economic Effects
William F. Bassett, Seung Jung Lee, and Thomas W. Spiller
Finance and Economics Discussion Series (2012)
https://doi.org/10.17016/FEDS.2012.55 - Profits and Balance Sheet Developments at U.S. Commercial Banks in 2009
Seung Jung Lee and Jonathan D. Rose
Federal Reserve Bulletin (2010)
https://doi.org/10.17016/bulletin.2010.96-5 - How Information Quality of Macro Aggregates Affects Sovereign Risk: An Empirical Investigation
Seung Jung Lee
Review of International Economics (2009)
https://doi.org/10.1111/j.1467-9396.2009.00814.x - An Inquiry into the Effects of Information Quality of Macro Aggregates on Sovereign Risk
Seung Jung Lee
University of Chicago (2006) - The Financial Crisis in Korea
Seung Jung Lee
Yale University (1997)
seminar
June 2024Quantitative Surveillance Call, Board of Governors of the Federal Reserve System, Washington, DC
Assessing Cyber Vulnerabilities through Scenario Analysis
discussion
June 2024Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System, Washington, DC
Artificial Intelligence Panel Discussion
discussion
May 2024Federal Reserve Bank of San Francisco, San Francisco, CA
AI-nomics: The Nexus of GenAI + the Economy, Panel Discussion with Fed Economists
discussion
May 2024OECD-FSB Roundtable on Artificial Intelligence in Finance, Paris, France
Financial Stability Implications of the Growing Use of AI in Finance Panel Discussion
seminar
May 2024Division of Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
FedBERT: General Purpose Language Model for Central Bank Communications
conference
May 2024Econdat Conference, King's College London, London, United Kingdom
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2023
discussion
May 2024Econdat Conference, King's College London, London, United Kingdom
Discussion: Monetary Policy and Financial Markets: Evidence from Twitter Traffic
seminar
February 2024Big Data Big Talks, International Monetary Fund, Washington, DC
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2023
conference
November 20232023 Southern Finance Association Annual Meeting, Farjado, Puerto Rico
Sentiment in Bank Examination Reports and Bank Outcomes
seminar
November 2023Division of Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Introduction to Retrieval-augmented Generation (RAG) Systems
conference
November 2023Quantitative Skills Virtual Conference, Federal Reserve Bank of Atlanta
FedBERT
conference
October 20233rd IFC and Bank of Italy Workshop on "Data Science in Central Banking: Enhancing the access to and sharing of data," Bank of Italy, Rome, Italy
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2023
conference
October 20233rd IFC and Bank of Italy Workshop on "Data Science in Central Banking: Enhancing the access to and sharing of data," Bank of Italy, Rome, Italy
Let's Talk about Sentiment: Natural Language Processing using Machine Learning on Bank Earnings Transcripts
conference
October 2023Central Bank Data Collaboration Group Meeting, Board of Governors of the Federal Reserve System, Washington, DC
Enhancing Unstructured Data
discussion
August 2023Division of Monetary Affairs Regroup, Board of Governors of the Federal Reserve System, Washington, DC
AI Panel Discussion
conference
July 2023IFABS 2023 Oxford Conference, Oxford University, Oxford, United Kingdom
Sentiment in Bank Examination Reports and Bank Outcomes
conference
July 20232023 Central Bank Research Association (CEBRA) Annual Meeting, New York, NY
Sentiment in Bank Examination Reports and Bank Outcomes
seminar
May 2023Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Natural Language Processing, Machine Learning, Artificial Intelligence, and Large Language Models at the Fed
seminar
March 2023Center for Financial Research Seminar, FDIC, Washington, DC
Sentiment in Bank Examination Reports and Bank Outcomes
discussion
February 2023Division of Monetary Affairs Regroup, Board of Governors of the Federal Reserve System, Washington, DC
Quantitative Surveillance and System Connections Panel Discussion
conference
November 20228th Quantitative Skills Virtual Conference, Federal Reserve Bank of Atlanta
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2022
conference
October 2022System Committee Meeting on Regional Analysis, Federal Reserve Bank of Kansas City, Kansas City, MO
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2022
seminar
October 2022Federal Reserve Bank of Kansas City, Kansas City, MO
Identifying Financial Crises Using Machine Learning on Textual Data
seminar
August 2022Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2022
conference
July 20222022 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Sentiment in Bank Examination Reports and Bank Outcomes
conference
July 20222022 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Identifying Financial Crises Using Machine Learning on Textual Data
discussion
July 20222022 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Discussion: Predicting bank failures using simple static and time-varying models
discussion
July 20222022 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Discussion: Supervisory Stringency, Payout Restrictions, and Bank Equity Prices
conference
June 20224th International Conference on Advanced Research Methods and Analytics - Internet and Big Data in Economics and Social Sciences - (Virtual)
Identifying Financial Crises Using Machine Learning on Textual Data
conference
May 20222022 RiskLab/Bank of Finland/ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
Sentiment in Bank Examination Reports and Bank Outcomes
conference
January 20222022 American Economic Association Annual Virtual Meeting
Sentiment in Bank Examination Reports and Bank Outcomes
seminar
November 2021Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Federal Reserve Advanced National Corporate Information Service: The FRANCIS Project on Corporate Family Trees and Entity Cross Reference
conference
November 20217th Quantitative Skills Virtual Conference, Federal Reserve Bank of Atlanta
Federal Reserve Advanced National Corporate Information Service (FRANCIS)
conference
November 20217th Quantitative Skills Virtual Conference, Federal Reserve Bank of Atlanta
Constructing Textual Indicators of Financial Stress from News Articles
seminar
August, 2021Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Fedmatch
seminar
August, 2021Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Let's Talk about Sentiment: Natural Language Processing using Machine Learning on Bank Earnings Transcripts
conference
July, 20212021 RiskLab/Bank of Finland/ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
Identifying Financial Crises Using Machine Learning on Textual Data
seminar
March, 2021Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Textual Indicators of Financial Stress
seminar
December 2020Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Textual Indicators of Financial Stress
conference
November 20202020 Southern Finance Association Virtual Meeting
Identifying Financial Crises Using Machine Learning on Textual Data
discussion
November 20202020 Southern Finance Association Virtual Meeting
Discussion: How can Innovation Screening be Improved? A Machine Learning Analysis with Economic Consequences for Firm Performance
conference
November 20206th Quantitative Skills Virtual Conference, Federal Reserve Bank of Atlanta
Identifying Financial Crises Using Machine Learning on Textual Data
conference
October 20202020 Financial Management Association Virtual Meeting
Identifying Financial Crises Using Machine Learning on Textual Data
discussion
October 20202020 Financial Management Association Virtual Meeting
Discussion: A Picture is Worth a Thousand Words: Measuring Investor Sentiment by Combining Machine Learning and Photos from News
seminar
October 2020Division of Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Identifying Financial Crises Using Machine Learning on Textual Data
conference
September 20202020 Northern Finance Association Online Conference
Identifying Financial Crises Using Machine Learning on Textual Data
conference
August 20202020 European Economic Association Virtual Congress
Identifying Financial Crises Using Machine Learning on Textual Data
seminar
August 2020Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Data solutions for Corporate Structure & Legal Entity Identifier Cross Referencing: the FRANCIS Project Phase 1 Results
seminar
July 2020QSR Virtual Brown Bag, Federal Reserve Bank of Richmond, VA
Identifying Financial Crises Using Machine Learning on Textual Data
discussion
June 20202016 International Banking, Economics, and Finance Association Summer Meeting (Virtual)
Discussion: Home Sweet Host: Prudential and monetary policy spillovers through global banks
seminar
February 2020Federal Reserve Bank of Boston, Boston, MA
The U.S. Syndicated Term Loan Market: Who holds what and when?
conference
January 2020Systemic Risk Committee Meeting, The U.S. Department of the Treasury, Washington, DC
The U.S. Syndicated Term Loan Market: Who holds what and when?
conference
January 20202020 American Economic Association Annual Meeting, San Diego, CA
Identifying Financial Crises Using Machine Learning on Textual Data
conference
December 2019Joint FRB-IMF Workshop on New Techniques and Data in Macro Finance, Washington, DC
Identifying Financial Crises Using Machine Learning on Textual Data
conference
November 20195th Quantitative Skills Conference, Federal Reserve Bank of Atlanta, Atlanta, GA
The U.S. Syndicated Loan Market: Matching Data and Applications
conference
November 2019Textual Analysis in Economics and Finance Research Conference, Board of Governors of the Federal Reserve System, Washington, DC
Identifying Financial Crises Using Machine Learning on Textual Data
conference
October, 20192019 Financial Management Association Annual Meeting, New Orleans, LA
The U.S. Syndicated Loan Market: Matching data
discussion
October, 20192019 Financial Management Association Annual Meeting, New Orleans, LA
Discussion: Banking Relationship and Syndicated Loan Underwriting
discussion
October, 20192019 Financial Management Association Annual Meeting, New Orleans, LA
Discussion:The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool
conference
October, 20193rd Forecasting at Central Banks Conference, Bank of Canada, Ottawa, Canada
Identifying Financial Crises Using Machine Learning on Textual Data
discussion
October, 2019Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics Conference, Washington, DC
Discussion: Making text count: economic forecasting using newspapers
seminar
September, 2019European Systemic Risk Board / European Central Bank, Frankfurt, Germany
Identifying Financial Crises Using Machine Learning on Textual Data
seminar
August, 2019Quantitative Surveillance Call, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Term Loan Market: Who holds what and when?
seminar
July, 2019Finance Forum, Board of Governors of the Federal Reserve System, Washington, DC
Identifying Financial Crises using Machine Learning on Textual Data
conference
July, 20192019 Western Economic Association International Meeting, San Francisco, CA
The U.S. Syndicated Loan Market: Matching data
discussion
July, 20192019 Western Economic Association International Meeting, San Francisco, CA
Discussion: What can you reliably ask in a phone or web survey? New results from validations on household energy equipment
conference
June 2019The Society of Computational Economics: Computing in Economics and Finance Conference, Ottawa, Canada
Macroeconomic Overheating and Financial Vulnerability
conference
June 20192019 Annual Conference of the Canadian Economics Association, Banff, Canada
Macroeconomic Overheating and Financial Vulnerability
conference
May 20192019 Georgetown Center for Economic Research Biennial Conference, Washington, DC
Macroeconomic Overheating and Financial Vulnerability
conference
May 20192019 RiskLab/Bank of Finland/ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
Macroeconomic Overheating and Financial Vulnerability
seminar
May 2019Division of International Finance Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Identifying Financial Crises using Machine Learning on Textual Data
seminar
April 2019Division of Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Term Loan Market: Who holds what and when?
seminar
January 2019Division of Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Loan Market: Matching data
seminar
January 2019Division of Supervision and Regulation, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Loan Market: Matching data
conference
January 20192019 American Economic Association Annual Meeting, Atlanta, GA
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
November 2018Systemic Risk Integration Forum, Federal Reserve Bank of New York, New York, NY
International Experience with the Countercyclical Capital Buffer
conference
November 2018Systemic Risk Integration Forum, Federal Reserve Bank of New York, New York, NY
Prudential Policies and Their Impact on Credit in the United States
seminar
November 2018Central Intelligence Agency, McLean, VA
The Anatomy of Financial Vulnerabilities and Banking Crises
seminar
October 2018European Systemic Risk Board / European Central Bank, Frankfurt, Germany
The Relationship between Macroeconomic Overheating and Financial Vulnerability
conference
October 20182018 Financial Management Association Annual Meeting, San Diego, CA
The Anatomy of Financial Vulnerabilities and Banking Crises
conference
October 20182018 Financial Management Association Annual Meeting, San Diego, CA
Discussion: What Drives Global Syndication of Bank Loans? Effects of Bank Regulations
conference
August 20188th IWH/INFER Workshop on International Capital Flows and Macroprudential Stability, Halle Institute for Economic Research, Halle, Germany
Risk Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans
seminar
August 2018Division of International Finance Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Loan Market: Matching data & Risk Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans
seminar
July 2018Finance Forum, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Loan Market: Matching data
seminar
July 2018International Banking and Finance Brownbag, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Loan Market: Matching data
conference
June 20182018 Annual Conference of the Canadian Economics Association, McGill University, Montreal, Canada
Prudential Policies and Their Impact on Credit in the United States
discussion
June 20182018 Annual Conference of the Canadian Economics Association, McGill University, Montreal, Canada
Discussion: Financial Safety Nets
seminar
May 2018Quantitative Surveillance Call, Board of Governors of the Federal Reserve System, Washington, DC
The Anatomy of Financial Vulnerabilities and Banking Crises
seminar
May 2018Financial Stability Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The Anatomy of Financial Vulnerabilities and Banking Crises
discussion
April 20182018 Chicago Financial Institutions Conference, Chicago, IL
Discussion: Hidden in Plain Sight: Equity Price Discovery with Informed Private Debt
conference
February 2018Global Financial Linkages Conference, Central Bank of Ireland, Dublin, Ireland
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
conference
January 20182018 American Economic Association Annual Meeting, Philadelphia, PA
Prudential Policies and Their Impact on Credit in the United States
conference
October 2017Workshop on Financial Crises, Innovation, and Regulation: Adjustment and Trade-offs, Board of Governors of the Federal Reserve System, Washington, DC
Prudential Policies and Their Impact on Credit in the United States
conference
October 20172017 Financial Management Association Annual Meeting, Boston, MA
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
October 20172017 Financial Management Association Annual Meeting, Boston, MA
Prudential Policies and Their Impact on Credit in the United States
seminar
August 2017Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Transmission of Shocks from Direct and Indirect Foreign Claims of U.S. Banks
seminar
August 2017Division of Research and Statistics Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The U.S. Syndicated Lending Market: Lessons learned from matched data
conference
July 2017IFABS 2017 Oxford Conference, Oxford University, Oxford, United Kingdom
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
July 2017IFABS 2017 Oxford Conference, Oxford University, Oxford, United Kingdom
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
conference
June 20172017 RiskLab / Bank of Finland / ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
June 20172017 RiskLab / Bank of Finland / ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
The Anatomy of Financial Vulnerabilities and Banking Crises
conference
June 20172017 Annual Conference of the Canadian Economics Association, St. Francis Xavier University, Antigonish, Canada
The Anatomy of Financial Vulnerabilities and Crises
discussion
June 20172017 Annual Conference of the Canadian Economics Association, St. Francis Xavier University, Antigonish, Canada
Discussion: Political Values and SEC Enforcement Actions
conference
April 20172017 Royal Economic Society Annual Conference, University of Bristol, Bristol, United Kingdom
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
April 20172017 Royal Economic Society Annual Conference, University of Bristol, Bristol, United Kingdom
The Anatomy of Financial Vulnerabilities and Crises
discussion
March 20172017 Chicago Financial Institutions Conference, Chicago, IL
Discussion: Monetary Normalizations and Consumer Credit: Evidence from Fed Liftoff and Online Lending
conference
March 20172017 Midwest Finance Association Annual Meeting, Chicago, IL
Prudential Policies and Their Impact on Credit in the United States
conference
March 20172017 Midwest Finance Association Annual Meeting, Chicago, IL
The Anatomy of Financial Vulnerabilities and Crises
discussion
March 20172017 Midwest Finance Association Annual Meeting, Chicago, IL
Discussion: Dynamic Interpretation of Emerging Systemic Risks
conference
February 2017Wholesale and Small Business Risk Ratings Workshop, Federal Reserve Bank of Boston, Boston, MA
Public and Private Ratings
conference
January 20172017 American Economic Association Annual Meeting, Chicago, IL
Anatomy of Financial Crises
conference
December 2016Financial Stability Monitoring and Early Warning Systems Round Table, Board of Governors of the Federal Reserve System, Washington, DC
Mapping Heat in Financial Systems
conference
December 20162016 Financial Stability Conference, Washington, DC
Prudential Policies and Their Impact on Credit in the United States
conference
November 20162016 Southern Economics Association Annual Meeting, Washington, DC
Anatomy of Financial Crises
conference
November 20162016 Southern Finance Association Annual Meeting, Sandestin, FL
Anatomy of Financial Crises
conference
November 20162016 Southern Finance Association Annual Meeting, Sandestin, FL
Prudential Policies and Their Impact on Credit in the United States
discussion
November 20162016 Southern Finance Association Annual Meeting, Sandestin, FL
Discussion: When Time Is Not on Our Side: The Costs of Regulatory Forbearance in the Closure of Insolvent Banks
conference
November 2016System Committee Meeting on Financial Structure and Regulation, Federal Reserve Bank of San Francisco, San Francisco, CA
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
conference
October 20162016 Financial Management Association Annual Meeting, Las Vegas, NV
The Effects of U.S. Unconventional Monetary Policy on Employment in Disaggregated Data
conference
October 20162016 Stress Testing Research Conference, Federal Reserve Bank of Boston, Boston, MA
Prudential Policies and Their Impact on Credit in the United States
conference
October 20162016 Federal Reserve System Surveillance Conference, Federal Reserve Bank of Cleveland, Cleveland, OH
Anatomy of Financial Crises
seminar
September 2016Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks
seminar
August 2016Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: Evidence from Syndicated Leveraged Loan Markets
conference
July 2016Regional Conference on International Financial Standards Implementation, CEMLA, Mexico City, Mexico
Anatomy of Financial Crises
conference
July 20162016 Western Economic Association International Meeting, Portland, OR
The Effects of U.S. Unconventional Monetary Policy on Employment in Disaggregated Data
conference
July 20162016 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Anatomy of Financial Crises
discussion
July 20162016 Western Economic Association International Meeting, Portland, OR
Discussion: Impact of Fiscal and Monetary Policy on Heterogeneous Labor, under Limited Participation
discussion
July 20162016 Western Economic Association International Meeting, Portland, OR
Discussion: Do Shocks to Animal Spirits Cause Output Fluctuations?
discussion
July 20162016 International Banking, Economics, and Finance Association Summer Meeting, Portland, OR
Discussion: The Signalling Content of Asset Prices for Inflation
conference
June 2016Closing Conference of the BIS CCA CGDFS Working Group, Mexico City, Mexico
Prudential Policies and Their Impact on Credit in the United States
conference
June 2016IFABS 2016 Barcelona Conference, Universitat Autonoma de Barcelona (UAB) Casa Convalescencia, Barcelona, Spain
Anatomy of Financial Crises
seminar
April 2016Division of International Finance Policy Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Anatomy of Financial Crises
seminar
March 2016Division of International Finance Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Prudential Policies and Their Impact on Credit in the United States
seminar
March 2016The U.S. Department of the Treasury, Washington, DC
Financial Vulnerabilities and Crises
conference
March 20162016 Midwest Finance Association Annual Meeting, Atlanta, GA
Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment
discussion
March 20162016 Midwest Finance Association Annual Meeting, Atlanta, GA
Discussion: Dynamics of Capital Regulation and US Banks' Risk-Taking
conference
January 20162016 American Economic Association Annual Meeting, San Francisco, CA
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
seminar
December 2015Center for Financial Research Seminar, Federal Deposit Insurance Corporation, Washington, DC
Risk Taking and Interest Rates: Evidence from Syndicated Loan Markets
conference
November 20152015 Southern Finance Association Annual Meeting, Captiva Island, FL
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
conference
October 20152015 Financial Management Association Annual Meeting, Orlando, FL
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
discussion
October 20152015 Financial Management Association Annual Meeting, Orlando, FL
Discussion: Bank Equity Capital and Risk-Taking Behavior: The Effect of Competition
discussion
October 20152015 Financial Management Association Annual Meeting, Orlando, FL
Discussion: Corporate Cash Holdings and Monetary Shocks
conference
September 20152015 RiskLab / Bank of Finland / ESRB Conference on Systemic Risk Analytics, Helsinki, Finland
Mapping Heat in the U.S. Financial System
conference
August 2015Bank of International Settlements CCA CGDFS Research Group Meeting, Mexico City, Mexico
Prudential Policies and Their Impact on Credit in the United States
conference
August 2015X Seminar on Risk, Financial Stability, and Banking of the Banco Central do Brasil, Sao Paulo, Brazil
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
conference
June 20152015 Western Economic Association International Meeting, Honolulu, HI
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
discussion
June 20152015 Western Economic Association International Meeting, Honolulu, HI
Discussion: Asset Price Bubbles and Monetary Policy
conference
June 2015Class of Circa 2005 Reunion Conference, University of Chicago, Chicago, IL
Mapping Heat in the U.S. Financial System
conference
May 2015Georgetown Center for Economic Research Bienniel Conference, Washington, DC
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
conference
May 2015Midwest Macroeconomics Meetings, Washington University, St. Louis, MO
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
seminar
April 2015Division of Research and Statistics Policy Brownbag Seminar, Board of Governors of the Federal Reserve System, Washington, DC
Mapping Heat in the U.S. Financial System
conference
October 20142014 Financial Management Association Annual Meeting, Nashville, TN
Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market
discussion
October 20142014 Financial Management Association Annual Meeting, Nashville, TN
Discussion: The Impact of Unconventional Monetary Policies: Evidence from Corporate Credit Markets
seminar
September 2014Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Markets
conference
September 20142014 Northern Finance Association Conference, Ottawa, Canada
Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market
conference
June 20142014 Western Economic Association International Meeting, Denver, CO
Low Interest Rates and Risk Reallocation in the U.S. Syndicated Loan Market
discussion
June 20142014 Western Economic Association International Meeting, Denver, CO
Discussion: Banking Consolidation and Changes in Banks' Portfolio--Coincidence or the Genesis of Financial Instability
seminar
June 2014Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Low Interest Rates and Risk Reallocation in the U.S. Syndicated Loan Market
conference
May 2014Midwest Macroeconomics Meetings, University of Missouri, Columbus, MO
The Credit Crunch and Fall in Employment during the Great Recession
conference
March 20142014 Midwest Economic Association Annual Meeting, Evanston, IL
Bank Capital Ratios and Employment in Nonfinancial Industries
discussion
March 20142014 Midwest Economic Association Annual Meeting, Evanston, IL
Discussion: Did the Reserve Requirement Increases of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment
conference
January 20142014 American Economic Association Annual Meeting, Philadelphia, PA
Estimating Changes in Supervisory Standards and their Economic Effects
conference
October 20132013 Financial Management Association Annual Meeting, Chicago, IL
Bank Lending Channels During the Great Recession
conference
October 20132013 Financial Management Association Annual Meeting, Chicago, IL
Estimating Changes in Supervisory Standards and their Economic Effects
discussion
October 20132013 Financial Management Association Annual Meeting, Chicago, IL
Discussion: The Effect of Bank Shocks on Corporate Financing and Investment: Evidence from 2007 - 2009 Financial Crisis
conference
September 20132013 Northern Finance Association Conference, Quebec City, Canada
Estimating Changes in Supervisory Standards and their Economic Effects
conference
June 20132013 Western Economic Association International Meeting, Seattle, WA
Bank Lending Channels During the Great Recession
conference
January 20132013 American Economic Association Annual Meeting, San Diego, CA
Bank Lending Channels During the Great Recession
seminar
December 2012Bank of Korea (DC Office) Brown Bag Seminar, Washington, DC
Estimating Changes in Supervisory Standards and their Economic Effects
conference
November 2012Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC
Survey of Terms of Lending Reports and Uses
conference
October 20122012 Financial Management Association Annual Meeting, Atlanta, GA
Bank Capital Ratios and Employment in Nonfinancial Industries
discussion
October 20122012 Financial Management Association Annual Meeting, Atlanta, GA
Discussion: Making the Case for Corporate Bond Clawbacks as a Contingent Capital Requirement for Large Complex Financial Institutions
conference
October 2012System Committee Meeting on Financial Structure and Regulation, Federal Reserve Bank of Chicago, Chicago, IL
Firm and Household Access to Credit and Non-Financial Employment Over the Great Recession
seminar
May 2012Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
The Role of Credit to Households and Firms in the Non-Financial Employment Dynamics over the Great Recession
conference
November 2011Small Business and Entrepreneurship during an Economic Recovery, Board of Governors of the Federal Reserve System, Washington, DC
Bank Capital Ratios and the Structure of Nonfinancial Industries
conference
October 2011Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC
Survey of Terms of Lending Reports and Uses
conference
October 2011Regional System Committee Conference, Board of Governors of the Federal Reserve System, Washington, DC
Bank Capital Ratios and the Structure of Nonfinancial Industries
seminar
August 2011Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Supervisory Standards on Commercial Bank CAMELS Ratings
conference
May 2011Midwest Macroeconomics Meetings, Vanderbilt University, Nashville, TN
Bank Balance Sheet Pressures and the Structure of Manufacturing Industries
conference
October 2010Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC
Survey of Terms of Lending Reports and Uses
seminar
September 2010Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC
Bank Balance Sheet Pressures and the Structure of Manufacturing Industries
discussion
April 2010George Washington University, Washington, DC
Basel III
discussion
October 2008Basel Committee on Banking Supervision Research Task Force Vendors Models Project Meeting, BIS, Basel, Switzerland
Review of LossCalc Model from Moody's KMV
discussion
March 2007Basel Committee on Banking Supervision Research Task Force Vendors Models Project Meeting, BIS, Basel, Switzerland
Review of Moody's KMV's CreditEdge (Comments)
discussion
January 2007Basel II Wholesale Advisory Group Meeting, Federal Reserve Bank of Boston, Boston, MA
The NPR Supervisory Mapping Function for LGDs
seminar
March 2006Deloitte & Touche USA, LLP, Chicago, IL
How Information Quality of Macro Aggregates Affects Sovereign Risk
seminar
February 2006Wesleyan University, Middletown, CT
How Information Quality of Macro Aggregates Affects Sovereign Risk
seminar
February 2006Bryant University, Smithfield, RI
How Information Quality of Macro Aggregates Affects Sovereign Risk
seminar
February 2006Board of Governors of the Federal Reserve System, Washington, DC
How Information Quality of Macro Aggregates Affects Sovereign Risk
seminar
January 2006St. Joseph's University, Philadelphia, PA
How Information Quality of Macro Aggregates Affects Sovereign Risk
seminar
November 2004Political Economy Workshop, University of Chicago, Chicago, IL
How Information Quality of Macro Aggregates Affects Sovereign Risk
Conference Organization
November 2023 | El Conquistador, Fajardo, Puerto Rico
Southern Finance Association (SFA) Annual Meeting
Program Committee
July 2023 | Oxford, United Kingdom
International Finance and Banking Society (IFABS) 2023 Oxford Conference
Scientific Committee
June 2021 | Virtual
ECB-FRB Joint Workshop on Financial Stability, Monetary Policy, and Macroprudential Policy
Organizing and Scientific Committee
January 2020 | San Diego, CA
American Economic Association Annual Meeting
Session Organizer
October 2019 | Washington, DC
Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconmics Conference
Scientific Committee
September 2018 | Philadelphia, PA
2018 Interagency Early Warning Workshop, Federal Reserve Bank of Philadelphia
Scientific Committee
December 2016 | Washington, DC
Financial Stability Monitoring and Early Warning Systems Round Table
Organizer
Editor
- Editorial Board Member, Measurement: Interdisciplinary Research and Perspectives (2023-present)
- Guest Editor, Journal of Credit Risk, Special Issue (Volume 16, Number 3), September 2020
Referee
- Bulletin of Economic Research
- Economic Inquiry
- Economic Modelling
- Emerging Markets Finance and Trade
- The Financial Review
- International Finance
- International Journal of Forecasting
- Journal of Banking and Finance
- Journal of Economic Dynamics and Control
- Journal of Economics and Business
- Journal of Financial and Quantitative Analysis
- Journal of Financial Regulation
- Journal of Financial Stability
- Journal of International Economics
- Journal of Risk Management in Financial Institutions
- Journal of Futures Markets
- North American Journal of Economics and Finance
- Research in International Business and Finance
Professional Affiliation
- American Economic Association (AEA)
- American Finance Association (AFA)