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Seung Jung Lee

Senior Economist

Banking Analysis Section

Monetary Affairs

(on leave to International Finance)


seung.j.lee@frb.gov
Education
  • Ph.D., Economics, University of Chicago, 2006
  • M.A., Economics, University of Chicago, 2001
  • B.A., Economics, Yale University, 1998
  • Current Research Topics

  • Financial Stability
  • Risk Taking Channel of Monetary Policy
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2014 - present
    • Economist

      Board of Governors of the Federal Reserve System

    • 2006 - 2014
  • Haltenhof, Samuel, Seung Jung Lee, and Viktors Stebunovs (2014). "The Credit Crunch and Fall in Employment during the Great Recession," Journal of Economic Dynamics and Control, vol. 43, pp. 31-57.
  • Haltenhof, Samuel, Seung Jung Lee, and Viktors Stebunovs (2014). "Bank Lending Channels during the Great Recession," Finance and Economics Discussion Series 2014-06. Board of Governors of the Federal Reserve System (U.S.).
  • Bassett, William F., Seung Jung Lee, and Thomas W. Spiller (2012). "Estimating Changes in Supervisory Standards and their Economic Effects," Finance and Economics Discussion Series 2012-55. Board of Governors of the Federal Reserve System (U.S.).
  • Lee, Seung Jung, and Viktors Stebunovs (2012). "Bank Capital Ratios and the Structure of Nonfinancial Industries," Finance and Economics Discussion Series 2012-53. Board of Governors of the Federal Reserve System (U.S.).
  • Lee, Seung Jung, and Jonathan D. Rose (2010). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2009," Federal Reserve Bulletin, vol. 96, pp. A1-A37.
  • Lee, Seung Jung (2009). "How Information Quality of Macro Aggregates Affects Sovereign Risk: An Empirical Investigation," Review of International Economics, vol. 17, no. 3, pp. 510-532.
  • conference

    October 2014

    2014 Financial Manangement Association Annual Meeting, Nashville, TN

    Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market

  • discussion

    October 2014

    2014 Financial Manangement Association Annual Meeting, Nashville, TN

    Discussion: The Impact of Unconventional Monetary Policies: Evidence from Corporate Credit Markets

  • seminar

    September 2014

    Division 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 2014

    2014 Northern Finance Association Conference, Ottawa, Canada

    Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market

  • conference

    June 2014

    2014 Western Economic Association International Meeting, Denver, CO

    Low Interest Rates and Risk Reallocation in the U.S. Syndicated Loan Market

  • discussion

    June 2014

    2014 Western Economic Association International Meeting, Denver, CO

    Discussion: Banking Consolidation and Changes in Banks' Portfolio--Coincidence or the Genesis of Financial Instability

  • seminar

    June 2014

    Division 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 2014

    Midwest Macroeconomics Meetings, University of Missouri, Columbus, MO

    The Credit Crunch and Fall in Employment during the Great Recession

  • conference

    March 2014

    2014 Midwest Economic Association Meeting, Evanston, IL

    Bank Capital Ratios and Employment in Nonfinancial Industries

  • discussion

    March 2014

    2014 Midwest Economic Association Meeting, Evanston, IL

    Discussion: Did the Reserve Requirement Increases of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment

  • conference

    January 2014

    2014 American Economic Association Meeting, Philadelphia, PA

    Estimating Changes in Supervisory Standards and their Economic Effects

  • conference

    October 2013

    2013 Financial Manangement Association Annual Meeting, Chicago, IL

    Bank Lending Channels During the Great Recession

  • conference

    October 2013

    2013 Financial Manangement Association Annual Meeting, Chicago, IL

    Estimating Changes in Supervisory Standards and their Economic Effects

  • discussion

    October 2013

    2013 Financial Manangement Association Annual Meeting, Chicago, IL

    Discussion: The Effect of Bank Shocks on Corporate Financing and Investment: Evidence from 2007 - 2009 Financial Crisis

  • conference

    September 2013

    2013 Northern Finance Association Conference, Quebec City, Canada

    Estimating Changes in Supervisory Standards and their Economic Effects

  • conference

    June 2013

    2013 Western Economic Association International Meeting, Seattle, WA

    Bank Lending Channels During the Great Recession

  • conference

    January 2013

    2013 American Economic Association Meeting, San Diego, CA

    Bank Lending Channels During the Great Recession

  • seminar

    December 2012

    Bank of Korea (DC Office) Brown Bag Seminar, Washington, DC

    Estimating Changes in Supervisory Standards and their Economic Effects

  • conference

    November 2012

    Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC

    Survey of Terms of Lending Reports and Uses

  • conference

    October 2012

    2012 Financial Manangement Association Annual Meeting, Atlanta, GA

    Bank Capital Ratios and Employment in Nonfinancial Industries

  • discussion

    October 2012

    2012 Financial Manangement 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 2012

    System 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 2012

    Division 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 2011

    Small 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 2011

    Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC

    Survey of Terms of Lending Reports and Uses

  • conference

    October 2011

    Regional System Committee Conference, Board of Governors of the Federal Reserve System, Washington, DC

    Bank Capital Ratios and the Structure of Nonfinancial Industries

  • seminar

    August 2011

    Division of Monetary Affairs Lunch Workshop, Board of Governors of the Federal Reserve System, Washington, DC

    Supervisory Standards on Commercial Bank CAMELS Ratings

  • conference

    May 2011

    Midwest Macroeconomics Meetings, Vanderbilt University, Nashville, TN

    Bank Balance Sheet Pressures and the Structure of Manufacturing Industries

  • conference

    October 2010

    Statistics Orientation Session Conference, Board of Governors of the Federal Reserve System, Washington, DC

    Survey of Terms of Lending Reports and Uses

  • seminar

    September 2010

    Division 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 2010

    George Washington University, Washington, DC

    Basel III

  • discussion

    October 2008

    Basel Committee Research Task Force Vendors Models Project Meeting, BIS, Basel, Switzerland

    Review of LossCalc Model from Moody's KMV

  • discussion

    March 2007

    Basel Committee Research Task Force Vendors Models Project Meeting, BIS, Basel, Switzerland

    Review of Moody's KMV's CreditEdge (Comments)

  • discussion

    January 2007

    Basel II Wholesale Advisory Group Meeting, Federal Reserve Bank of Boston, Boston, MA

    The NPR Supervisory Mapping Function for LGDs

  • seminar

    March 2006

    Deloitte & Touche USA, LLP, Chicago, IL

    How Information Quality of Macro Aggregates Affects Sovereign Risk

  • seminar

    February 2006

    Wesleyan University, Middletown, CT

    How Information Quality of Macro Aggregates Affects Sovereign Risk

  • seminar

    February 2006

    Bryant University, Smithfield, RI

    How Information Quality of Macro Aggregates Affects Sovereign Risk

  • seminar

    February 2006

    Federal Reserve Board, Washington, DC

    How Information Quality of Macro Aggregates Affects Sovereign Risk

  • seminar

    January 2006

    St. Joseph's University, Philadelphia, PA

    How Information Quality of Macro Aggregates Affects Sovereign Risk

Referee

  • Bulletin of Economic Research
  • Journal of Economic Dynamics and Control
  • Journal of Economics and Business
  • Journal of Risk Management in Financial Institutions
  • Journal of Futures Markets
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Last update: November 10, 2014