Details about Beverly Hirtle

Homepage:	http://www.newyorkfed.org/research/economists/hirtle/index.html
Workplace:	Federal Reserve Bank of New York, (more information at EDIRC) Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC)

Access statistics for papers by Beverly Hirtle.

Last updated 2023-06-07. Update your information in the RePEc Author Service.

Short-id: phi48

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Working Papers

2025

1. Bank Economic Capital
   Staff Reports, Federal Reserve Bank of New York

2024

2. Can I Speak to Your Supervisor? The Importance of Bank Supervision
   Liberty Street Economics, Federal Reserve Bank of New York
3. Demographic Differences in Letters of Recommendation for Economics Ph.D. Students
   Working Paper, Federal Reserve Bank of Richmond
   Also in Staff Reports, Federal Reserve Bank of New York (2024)
4. To Whom It May Concern: Demographic Differences in Letters of Recommendation
   Liberty Street Economics, Federal Reserve Bank of New York
   See also Journal Article To Whom It May Concern: Demographic Differences in Letters of Recommendation, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2024) (2024)

2022

5. Bank Profits and Shareholder Payouts: The Repurchases Cycle
   Liberty Street Economics, Federal Reserve Bank of New York
6. Remarks at the Global Research Forum on International Macroeconomics and Finance
   Speech, Federal Reserve Bank of New York

2021

7. In the Trenches during the 2007-09 Financial Crisis
   On the Economy, Federal Reserve Bank of St. Louis
8. Looking Back at 10 Years of Liberty Street Economics
   Liberty Street Economics, Federal Reserve Bank of New York
9. The Economic Health of the Region
   Speech, Federal Reserve Bank of New York

2020

10. Bank Supervision
    Staff Reports, Federal Reserve Bank of New York
    See also Journal Article Bank Supervision, Annual Review of Financial Economics, Annual Reviews (2022) (2022)
11. How Does Supervision Affect Bank Performance during Downturns?
    Liberty Street Economics, Federal Reserve Bank of New York
12. Opening Remarks: Heterogeneity Blog Series Webinar
    Speech, Federal Reserve Bank of New York
13. The Banking Industry and COVID-19: Lifeline or Life Support?
    Liberty Street Economics, Federal Reserve Bank of New York

2018

14. Remarks at the Economic Press Briefing on Homeownership and Housing Wealth, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York
15. Structural and cyclical macroprudential objectives in supervisory stress testing: remarks at The Effects of Post-Crisis Banking Reforms, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York
16. The past and future of supervisory stress testing design: remarks at the 2018 Federal Reserve Stress Testing Research Conference, Federal Reserve Bank of Boston
    Speech, Federal Reserve Bank of New York View citations (1)

2017

17. What Explains Shareholder Payouts by Large Banks?
    Liberty Street Economics, Federal Reserve Bank of New York

2016

18. A Peek behind the Curtain of Bank Supervision
    Liberty Street Economics, Federal Reserve Bank of New York
19. Are Stress Tests Still Informative?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
20. How Does Supervision Affect Banks?
    Liberty Street Economics, Federal Reserve Bank of New York
21. Parsing the content of bank supervision
    Staff Reports, Federal Reserve Bank of New York View citations (21)
22. Supervising Large, Complex Financial Institutions: Defining Objectives and Measuring Effectiveness
    Liberty Street Economics, Federal Reserve Bank of New York
23. The impact of supervision on bank performance
    Staff Reports, Federal Reserve Bank of New York View citations (26)
    See also Journal Article The Impact of Supervision on Bank Performance, Journal of Finance, American Finance Association (2020) View citations (48) (2020)

2015

24. Are BHC and Federal Reserve Stress Test Results Converging? What Do We Learn from 2015?
    Liberty Street Economics, Federal Reserve Bank of New York
25. Are BHCs Mimicking the Fed's Stress Test Results?
    Liberty Street Economics, Federal Reserve Bank of New York
26. Bank Capital and Risk: Cautionary or Precautionary?
    Liberty Street Economics, Federal Reserve Bank of New York
27. Evaluating the information in the Federal Reserve stress tests
    Staff Reports, Federal Reserve Bank of New York View citations (5)
    See also Journal Article Evaluating the information in the federal reserve stress tests, Journal of Financial Intermediation, Elsevier (2017) View citations (79) (2017)
28. Just Released: What Do Banking Supervisors Do?
    Liberty Street Economics, Federal Reserve Bank of New York
29. Supervising large, complex financial companies: what do supervisors do?
    Staff Reports, Federal Reserve Bank of New York View citations (5)

2014

30. Assessing financial stability: the Capital and Loss Assessment under Stress Scenarios (CLASS) model
    Staff Reports, Federal Reserve Bank of New York View citations (6)
    See also Journal Article Assessing financial stability: The Capital and Loss Assessment under Stress Scenarios (CLASS) model, Journal of Banking & Finance, Elsevier (2016) View citations (30) (2016)
31. Bank holding company dividends and repurchases during the financial crisis
    Staff Reports, Federal Reserve Bank of New York View citations (15)
32. Becoming More Alike? Comparing Bank and Federal Reserve Stress Test Results
    Liberty Street Economics, Federal Reserve Bank of New York
33. Comparing Bank and Supervisory Stress Testing Projections
    Liberty Street Economics, Federal Reserve Bank of New York
34. Supervisory stress tests
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    See also Journal Article Supervisory Stress Tests, Annual Review of Financial Economics, Annual Reviews (2015) View citations (23) (2015)
35. The CLASS Model: A Top-Down Assessment of the U.S. Banking System
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2013

36. Common Stock Repurchases during the Financial Crisis
    Liberty Street Economics, Federal Reserve Bank of New York

2012

37. CCAR: More than a Stress Test
    Liberty Street Economics, Federal Reserve Bank of New York

2011

38. How Were the Basel 3 Minimum Capital Requirements Calibrated?
    Liberty Street Economics, Federal Reserve Bank of New York
39. Using Crisis Losses to Calibrate a Regulatory Capital Buffer
    Liberty Street Economics, Federal Reserve Bank of New York

2009

40. Macroprudential supervision of financial institutions: lessons from the SCAP
    Staff Reports, Federal Reserve Bank of New York View citations (64)

2008

41. Credit derivatives and bank credit supply
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    See also Journal Article Credit derivatives and bank credit supply, Journal of Financial Intermediation, Elsevier (2009) View citations (98) (2009)

2007

42. Public disclosure and risk-adjusted performance at bank holding companies
    Staff Reports, Federal Reserve Bank of New York View citations (12)
    See also Journal Article Public disclosure and risk-adjusted performance at bank holding companies, Economic Policy Review, Federal Reserve Bank of New York (2016) View citations (2) (2016)

2005

43. The impact of network size on bank branch performance
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article The impact of network size on bank branch performance, Journal of Banking & Finance, Elsevier (2007) View citations (37) (2007)
44. The return to retail and the performance of U.S. banks
    Staff Reports, Federal Reserve Bank of New York View citations (4)
    See also Journal Article The return to retail and the performance of US banks, Journal of Banking & Finance, Elsevier (2007) View citations (58) (2007)

2003

45. Stock market reaction to financial statement certification by bank holding company CEOs
    Staff Reports, Federal Reserve Bank of New York
    See also Journal Article Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (27) (2006)

2001

46. How do stock repurchases affect bank holding company performance?
    Staff Reports, Federal Reserve Bank of New York

1997

47. Regulatory minimum capital standards for banks: current status and future prospects
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1996

48. Derivatives, Portfolio Composition and Bank Holding Company Interest Rate Risk Exposure
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)
    See also Journal Article Derivatives, Portfolio Composition, and Bank Holding Company Interest Rate Risk Exposure, Journal of Financial Services Research, Springer (1997) View citations (38) (1997)

1990

49. A simple model of bank loan commitments and monetary policy
    Research Paper, Federal Reserve Bank of New York
50. Bank loan commitments and the transmission of monetary policy
    Research Paper, Federal Reserve Bank of New York View citations (2)
51. Financial market evolution and the interest sensitivity of output
    Research Paper, Federal Reserve Bank of New York View citations (7)
    See also Journal Article Financial market evolution and the interest sensitivity of output, Quarterly Review, Federal Reserve Bank of New York (1990) View citations (7) (1990)

1989

52. The implicit liabilities of the Pension Benefit Guaranty Corporation
    Research Paper, Federal Reserve Bank of New York

1988

53. Default and liquidity risk in the junk bond market
    Research Paper, Federal Reserve Bank of New York View citations (1)
54. Wage linkages in union bargaining settlements
    Research Paper, Federal Reserve Bank of New York

Journal Articles

2024

1. To Whom It May Concern: Demographic Differences in Letters of Recommendation
   Richmond Fed Economic Brief, 2024, 24, (35)
   See also Working Paper To Whom It May Concern: Demographic Differences in Letters of Recommendation, Liberty Street Economics (2024) (2024)

2022

2. Bank Supervision
   Annual Review of Financial Economics, 2022, 14, (1), 39-56
   See also Working Paper Bank Supervision, Staff Reports (2020) (2020)

2020

3. The Impact of Supervision on Bank Performance
   Journal of Finance, 2020, 75, (5), 2765-2808 View citations (48)
   See also Working Paper The impact of supervision on bank performance, Staff Reports (2016) View citations (26) (2016)

2017

4. Evaluating the information in the federal reserve stress tests
   Journal of Financial Intermediation, 2017, 29, (C), 1-18 View citations (79)
   See also Working Paper Evaluating the information in the Federal Reserve stress tests, Staff Reports (2015) View citations (5) (2015)
5. Supervising large, complex financial institutions: what do supervisors do?
   Economic Policy Review, 2017, (23-1), 57-77 View citations (14)

2016

6. Assessing financial stability: The Capital and Loss Assessment under Stress Scenarios (CLASS) model
   Journal of Banking & Finance, 2016, 69, (S1), S35-S55 View citations (30)
   See also Working Paper Assessing financial stability: the Capital and Loss Assessment under Stress Scenarios (CLASS) model, Staff Reports (2014) View citations (6) (2014)
7. Public disclosure and risk-adjusted performance at bank holding companies
   Economic Policy Review, 2016, (Aug), 151-173 View citations (2)
   See also Working Paper Public disclosure and risk-adjusted performance at bank holding companies, Staff Reports (2007) View citations (12) (2007)

2015

8. Supervisory Stress Tests
   Annual Review of Financial Economics, 2015, 7, (1), 339-355 View citations (23)
   See also Working Paper Supervisory stress tests, Staff Reports (2014) View citations (9) (2014)

2009

9. Credit derivatives and bank credit supply
   Journal of Financial Intermediation, 2009, 18, (2), 125-150 View citations (98)
   See also Working Paper Credit derivatives and bank credit supply, Staff Reports (2008) View citations (9) (2008)

2007

10. The impact of network size on bank branch performance
    Journal of Banking & Finance, 2007, 31, (12), 3782-3805 View citations (37)
    See also Working Paper The impact of network size on bank branch performance, Staff Reports (2005) View citations (2) (2005)
11. The return to retail and the performance of US banks
    Journal of Banking & Finance, 2007, 31, (4), 1101-1133 View citations (58)
    See also Working Paper The return to retail and the performance of U.S. banks, Staff Reports (2005) View citations (4) (2005)
12. The role of retail banking in the U.S. banking industry: risk, return, and industry structure
    Economic Policy Review, 2007, 13, (Dec), 39-56 View citations (16)
13. Trends in financial market concentration and their implications for market stability
    Economic Policy Review, 2007, 13, (Mar), 33-51 View citations (22)

2006

14. Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs
    Journal of Money, Credit and Banking, 2006, 38, (5), 1263-1291 View citations (27)
    See also Working Paper Stock market reaction to financial statement certification by bank holding company CEOs, Staff Reports (2003) (2003)

2004

15. Stock repurchases and bank holding company performance
    Journal of Financial Intermediation, 2004, 13, (1), 28-57 View citations (12)
16. The evolution of U.S. bank branch networks: growth, consolidation, and strategy
    Current Issues in Economics and Finance, 2004, 10, (Jul) View citations (7)

2003

17. What market risk capital reporting tells us about bank risk
    Economic Policy Review, 2003, (Sep), 37-54 View citations (15)

2001

18. The challenges of risk management in diversified financial companies
    Economic Policy Review, 2001, (Mar), 1-17 View citations (24)
    Also in Journal of Financial Transformation, 2001, 3, 89-95 (2001) View citations (22)
19. Using credit risk models for regulatory capital: issues and options
    Economic Policy Review, 2001, (Mar), 19-36 View citations (11)

2000

20. The changing financial structure: challenges for supervisors and risk managers
    Economic Policy Review, 2000, (Oct), 89-94

1999

21. Supervisory information and the frequency of bank examinations
    Economic Policy Review, 1999, 5, (Apr), 1-20 View citations (42)

1998

22. Bank holding company capital ratios and shareholder payouts
    Current Issues in Economics and Finance, 1998, 4, (Sep) View citations (7)
23. Commentary on 3 papers on issues in value-at-risk modeling and evaulation
    Economic Policy Review, 1998, 4, (Oct), 125-128

1997

24. Bank capital requirements for market risk: the internal models approach
    Economic Policy Review, 1997, 3, (Dec), 1-12 View citations (30)
25. Derivatives, Portfolio Composition, and Bank Holding Company Interest Rate Risk Exposure
    Journal of Financial Services Research, 1997, 12, (2), 243-266 View citations (38)
    See also Working Paper Derivatives, Portfolio Composition and Bank Holding Company Interest Rate Risk Exposure, Center for Financial Institutions Working Papers (1996) View citations (2) (1996)

1991

26. Factors affecting the competitiveness of internationally active financial institutions
    Quarterly Review, 1991, 16, (Spr), 38-51 View citations (10)

1990

27. Financial market evolution and the interest sensitivity of output
    Quarterly Review, 1990, 15, (Sum), 56-70 View citations (7)
    See also Working Paper Financial market evolution and the interest sensitivity of output, Research Paper (1990) View citations (7) (1990)

1988

28. Estimating the funding gap of the Pension Benefit Guaranty Corporation
    Quarterly Review, 1988, 13, (Aut), 45-59

1987

29. The growth of the financial guarantee market
    Quarterly Review, 1987, 12, (Spr), 10-28