Meet the Researchers
Skander Van den Heuvel
[email protected]
Education
- Ph.D., Economics, Yale University, 2001
- M.Phil., Economics, Yale University, 1997
- B.A., Economics, University of Groningen, 1994
- Bank Capital and Liquidity, Interest Rate Risk,
- Temporal Risk Aversion and Long Run Risk
Associate Director; Deputy Associate Director; Assistant Director; Chief; Senior Economist; Economist
Board of Governors of the Federal Reserve System
2008 - presentResearch Adviser (Visiting)
European Central Bank
2015 - 2017Assistant Professor
Finance Department, The Wharton School, University of Pennsylvania
2001 - 2008
- The Welfare Effects of Bank Liquidity and Capital Requirements
Skander J. Van den Heuvel
Finance and Economics Discussion Series (2022)
https://doi.org/10.17016/FEDS.2022.072 - Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates
Miguel Ampudia and Skander J. Van den Heuvel
Journal of Monetary Economics (2022)
https://doi.org/10.1016/j.jmoneco.2022.05.006
See also » FRB Working Paper (2019) - The Main Street Lending Program
David Arseneau, José Fillat, Molly Mahar, Donald P. Morgan, and Skander Van den Heuvel
Economic Policy Review (2022) - Comment on "Low Interest Rates and Risk Incentives for Banks with Market Power," by Whited, Wu, and Xiao
Skander J. Van den Heuvel
Journal of Monetary Economics (2021)
https://doi.org/10.1016/j.jmoneco.2021.04.007 - Discussion of Bubeck, Maddaloni, and Peydró
Skander J. Van den Heuvel
Journal of Money, Credit and Banking (2020)
https://doi.org/10.1111/jmcb.12741 - Interest Rate Risk and Bank Equity Valuations
William B. English, Skander J. Van den Heuvel, and Egon Zakrajšek
Journal of Monetary Economics (2018)
https://doi.org/10.1016/j.jmoneco.2018.04.010
See also » FRB Working Paper (2012) - Benefits and Costs of Liquidity Regulation
Marie Hoerova, Caterina Mendicino, Kalin Nikolov, Glenn Schepens, and Skander Van den Heuvel
Working paper series (European Central Bank) (2018) - The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies
Mark Carlson, Burcu Duygan-Bump, Fabio Natalucci, Bill Nelson, Marcelo Ochoa, Jeremy Stein, and Skander Van den Heuvel
International Journal of Central Banking (2016)
See also » FRB Working Paper (2014) - From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply
Rodney Ramcharan, Stephane Verani, and Skander J. Van den Heuvel
Journal of Finance (2016)
https://doi.org/10.1111/jofi.12209
See also » FRB Working Paper (2012) - Basel III: Long-term Impact on Economic Performance and Fluctuations
Paolo Angelini, Laurent Clerc, Vasco Cúrdia, Leonardo Gambacorta, Andrea Gerali, Alberto Locarno, Roberto Motto, Werner Roeger, Skander J. Van den Heuvel, and Jan Vlček
Manchester School (2015)
https://doi.org/10.1111/manc.12056 - Banking Conditions and the Effects of Monetary Policy: Evidence from U.S. States
Skander J. Van den Heuvel
B.E. Journal of Macroeconomics (2012)
https://doi.org/10.1515/1935-1690.2411 - Monetary Policy and the Global Housing Bubble
Jane Dokko, Brian M. Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander J. Van den Heuvel
Economic Policy (2011)
https://doi.org/10.1111/j.1468-0327.2011.00262.x - Comment on 'Financial Regulation and Securitization: Evidence from Subprime Loans,' by Benjamin Keys, Tanmoy Mukherjee, Amit Seru, and Vikrant Vig
Skander J. Van den Heuvel
Journal of Monetary Economics (2009)
https://doi.org/10.1016/j.jmoneco.2009.05.004 - Temporal Risk Aversion and Asset Prices
Skander J. Van den Heuvel
Finance and Economics Discussion Series (2008)
https://doi.org/10.17016/FEDS.2008.37 - The Welfare Cost of Bank Capital Requirements
Skander J. Van den Heuvel
Journal of Monetary Economics (2008)
https://doi.org/10.1016/j.jmoneco.2007.12.001 - Does Bank Capital Matter for Monetary Transmission?
Skander J. Van den Heuvel
Economic Policy Review (2002) - The United Kingdom's Experience with Inflation Targeting
Timothy D. Lane and Skander J. Van den Heuvel
IMF Working Papers (1998)
discussion
July 2023NBER Summer Institute, Capital Markets and the Economy
"The Informational Centrality of Banks" by Nathan Foley-Fisher, Gary Gorton, and Stéphane Verani
discussion
March 2023ECB Banking Supervision Research Conference
"Forward-Looking Provisions and the Economic Cycle: Credit Supply and Real Effects" by Morais, Ormazabal, Peydró, Roa, and Sarmiento
discussion
November 2022Young Economist Seminar Series (IBEFA)
"Bank Regulation: Capital and Liquidity Requirements" by Jordan Pandolfo
conference
June 2021Norges Bank Workshop on Low Interest Rates and Unconventional Monetary Policy
Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates
discussion
May 2021King's College London Conference on Challenges facing central banks in the 2020s
"Why so negative? The effect of monetary policy on bank credit supply across the euro area" by Bittner, Bonfim, Heider, Saidi, Schepens, and Soares
discussion
January 2021Federal Reserve "Week After" Conference on Financial Markets and Institutions
"Banks, Maturity Transformation, and Monetary Policy" by Pascal Paul
discussion
November 2020Carnegie-Rochester-NYU Conference on Public Policy
"Risk Incentives for Banks with Market Power when Interest Rates are Low" by Whited, Wu, and Xiao
seminar
April 2020IMF
Monetary Policy and Bank Equity Values in a Time of Low Interest Rates
conference
November 2019Norges Bank and IBEFA workshop: Prepared for the next crisis? The costs and benefits of financial regulation
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
November 2019FRB New York and NYU Stern Conference on Financial Intermediation
"Unintended Consequences of Post-Crisis Liquidity Regulation" by Sundaresan and Xiao
conference
July 2019NBER Summer Institute: Capital Markets and the Macroeconomy
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
July 2019CEBRA Annual Meeting
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
June 2019SED Annual Meeting
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
June 2019MOFiR banking workshop
"Bank Capital Forbearance" by Martynova, Perotti, and Suarez
discussion
April 2019UNC/Duke Corporate Finance Conference
"Foreseen Risks" by Gomes, Grotteria, and Wachter
discussion
March 2019Financial intermediation, regulation and economic policy: the 50th anniversary of the Journal of Money, Credit and Banking
"Negative Monetary Policy Rates and Systemic Banks' Risk-Taking" by Bubeck, Maddaloni, and Peydró
conference
February 2019SUERF/Narodowy Bank Polski Conference: Challenges of Interactions between Macroprudential and other Policies
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
January 2019"Day Ahead" Conference on Financial Markets and Institutions
The Welfare Effects of Bank Liquidity and Capital Requirements
seminar
September 2018Federal Reserve Board
Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates
conference
September 2018FDIC/JFSR Bank Research Conference
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
June 2018Financial Intermediation Research Society
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
June 2018IJCB Research Conference, DNB
"The Rise of Shadow Banking: Evidence from Capital Regulation," by Rustom M. Irani, Rajkamal Iyer, Ralf R. Meisenzahl, and Jose-Luis Peydro
discussion
April 20182018 FIFI Conference, University of South Carolina
"Dynamic Bank Capital Regulation in Equilibrium," by Douglas Gale, Andrea Gamba, and Marcella Lucchetta
conference
February 2018Columbia University/THC Conference on Optimal Bank Liquidity Regulation
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
October 2017Federal Reserve System Conference on Macroeconomics
The Welfare Effects of Bank Liquidity and Capital Requirements
seminar
June 2017European Central Bank
Monetary policy and bank equity values in a time of low interest rates
conference
October 2016Wharton Conference on Liquidity and Financial Crises
The Welfare Effects of Bank Liquidity and Capital Requirements
seminar
October 2016University of Pennsylvania
Interest Rate Risk and Bank Equity Valuations
seminar
October 2016Federal Reserve Bank of Cleveland
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
October 2016European Central Bank conference on monetary policy pass-through and credit markets
"Monetary Policy and Global Banking" by Falk Brauning and Victoria Ivashina
seminar
September 2016Bank of England
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
July 2016NBER: Capital Markets and the Macroeconomy
"A Dynamic Model of Heterogeneous Banks with Uninsurable Risks and Capital Requirements" by Mankart, Michaelides, and Pagratis
conference
July 2016Macroprudential Policy Group
The Welfare Effects of Bank Liquidity and Capital Requirements
seminar
May 2016University of Cologne
The Welfare Effects of Bank Liquidity and Capital Requirements
seminar
April 2016De Nederlansche Bank (Visiting Scholar Program)
The Welfare Effects of Bank Liquidity and Capital Requirements
discussion
January 2016American Economic Association
"Monetary Shocks and Bank Balance Sheets" by Sebastian Di Tella and Pablo Kurlat
discussion
December 2015ECB workshop on Money markets and central bank balance sheets
"The Liquidity Coverage Ratio and Security Prices" by Fuhrer, Mueller and Steiner
seminar
October 2015European Central Bank
The Welfare Costs of Bank Liquidity and Capital Requirements
seminar
October 2015Norwegean Business School (BI)
The Welfare Costs of Bank Liquidity and Capital Requirements
conference
October 2015ECB workshop on Financial Intermediation
Interest Rate Risk and Bank Equity Valuations
conference
July 2015Society for the Advancement of Economic Theory
The Welfare Cost of Bank Liquidity and Capital Requirements
discussion
April 2015GSU/CEAR Conference on Liquidity Risk and Capital Requirements
"Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model" by Juliane Begenau
seminar
March 2015International Monetary Fund
The Welfare Cost of Bank Liquidity and Capital Requirements
discussion
June 2014Macro-prudential Research Network, ECB
"Tools for Assessing Macro-prudential Regulatory Instruments" (session discussant)
conference
June 2014Stress Test Modeling Symposium
Interest Rate Risk at Banks
discussion
May 2014SFS Finance Cavalcade
"Bank Capital Requirements: A Quantitative Analysis" by Thien Nguyen
conference
March 2014MFA
Interest Rate Risk and Bank Equity Valuations
discussion
March 2014MFA
"Country Transparency and the Global Transmission of Financial Shocks" by Luis Brandao Marques, Gaston Gelos, Natalia Melgar
conference
November 2013Indices of Riskiness Conference
Interest Rate Risk and Bank Equity Valuations
conference
January 2011American Economic Association, ASSA Meetings
The Welfare Cost of Liquidity Requirements
conference
October 2013Boston University/Boston Fed Conference on Macro-Financial Linkages
Interest Rate Risk and Bank Equity Valuations
discussion
January 2013American Economic Association
Global Banks and Financial Shocks: Evidence from an Estimated Model
seminar
August 2012Georgetown University
Interest Rate Risk and Bank Equity Valuations
conference
June 20176th MoFiR Workshop on Banking
The Welfare Effects of Bank Liquidity and Capital Requirements
conference
July 2012NBER Risks of Financial Institutions
From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply
discussion
November 2011Liquidity Regulation Workshop, Federal Reserve Board and Federal Reserve Bank of New York
"The Macroeconomic Impact of Adding Liquidity Regulations to Bank Capital Regulations" by Covas and Driscoll
conference
October 2011Federal Reserve System Conference
Banking Conditions and the Effects of Monetary Policy: Evidence from U.S. States
discussion
October 2011The 2nd Boston University/Boston Fed Conference on Macro-Finance Linkages
"Do Low Interest Rates Sow the Seeds of Financial Crises?" by Cociuba, Shukayev and Ueberfeldt
seminar
June 2011International Monetary Fund
Interest Rate Risk and Bank Equity Valuations
conference
March 2011Conference on Empirical Macroeconomics Using Geographical Data
Banking Conditions and the Effects of Monetary Policy: Evidence from U.S. States
conference
January 2011Federal Reserve Day Ahead Financial Markets & Institutions Conference
Interest Rate Risk and Bank Equity Valuations
discussion
October 2010Financial Management Association
"Interest Rates and the Cross-Section of Stock Returns" by Lioui and Maio
conference
August 2010European Finance Association
Temporal Risk Aversion and Long Run Risks
discussion
August 2010European Finance Association
"What is the Shape of the Risk-Return Relation?" by Rossi and Timmermann
discussion
November 2009Federal Reserve System Conference on Financial Structure and Regulation
"CoVaR" by Adrian and Brunnermeier
discussion
October 2009NBER Workshop on Methods and Applications for DSGE Models
"Banks, Credit Market Frictions and Business Cycles" by Ali Dib
discussion
October 2009Conference on Models and Policies for Economies with Credit and Financial Instability
"The Role of Bank Capital in the Propagation of Shocks" by Meh and Moran
conference
May 2009Financial Intermediation Research Society annual conference
Temporal Risk Aversion and Asset Prices
conference
January 2009American Finance Association, ASSA Meetings
Temporal Risk Aversion and Asset Prices
Conference Organization
September 2011 | Federal Reserve Board
FRB-JMCB Conference on Regulation of Systemic Risk
Referee
- American Economic Journal: Macro
- American Economic Review
- American Economic Review: Insights
- Econometrica
- Economic Journal
- European Economic Review
- Finance Research Letters
- International Economic Review
- International Journal of Central Banking
- Journal of Applied Econometrics
- Journal of Banking and Finance
- Journal of Business
- Journal of Economic Dynamics and Control
- Journal of Economic Theory
- Journal of Finance
- Journal of Financial Intermediation
- Journal of Financial Stability
- Journal of Financial Services Research
- Journal of International Money and Finance
- Journal of Monetary Economics
- Journal of Money, Credit, and Banking
- Journal of Political Economy
- Journal of the European Economic Association
- National Science Foundation
- Review of Economic Dynamics
- Review of Economics and Statistics
- Review of Economic Studies
- Review of Finance
- Review of Financial Studies
- Wharton School Publishing
Professional Affiliation
- Wharton Financial Institutions Center