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Details about Richard Rosen

Workplace:Economic Research Department, Federal Reserve Bank of Chicago, (more information at EDIRC)

Access statistics for papers by Richard Rosen.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pro645


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Working Papers

2021

  1. Climate Change and Financial Stability
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (6)

2019

  1. Macroprudential Policy: Results from a Tabletop Exercise
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)

2016

  1. Measuring Interest Rate Risk in the Life Insurance Sector: The U.S. and the U.K
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (5)
  2. The Life Insurance Industry and Systemic Risk: A Bond Market Perspective
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (2)
    See also Journal Article The Life Insurance Industry and Systemic Risk: A Bond Market Perspective, Annual Review of Financial Economics, Annual Reviews (2016) Downloads View citations (2) (2016)

2013

  1. Why do borrowers make mortgage refinancing mistakes?
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (4)

2011

  1. Are covered bonds a substitute for mortgage-backed securities?
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (3)
    See also Journal Article Are covered bonds a substitute for mortgage-backed securities?, Journal of Economic Policy Reform, Taylor and Francis Journals (2017) Downloads (2017)
  2. The originate-to-distribute model and refi waves
    Proceedings, Federal Reserve Bank of Chicago

2010

  1. The impact of the originate-to-distribute model on banks before and during the financial crisis
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (7)

2009

  1. Too much right can make a wrong: Setting the stage for the financial crisis
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)
    See also Chapter Too Much Right Can Make a Wrong: Setting the Stage for the US Financial Crisis, Palgrave Macmillan Books, Palgrave Macmillan (2010) View citations (2) (2010)

2008

  1. The role of lenders in the home price boom
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)

2007

  1. How the credit channel works: differentiating the bank lending channel and the balance sheet channel
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (8)

2006

  1. Eat or be eaten: a theory of mergers and firm size
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)
    See also Journal Article Eat or Be Eaten: A Theory of Mergers and Firm Size, Journal of Finance, American Finance Association (2009) Downloads View citations (71) (2009)
  2. Housing price changes
    Proceedings, Federal Reserve Bank of Chicago
  3. Mergers and risk
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (6)

2005

  1. Does Market Size Structure Affect Competition? The Case of Small Business Lending
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University Downloads View citations (8)
    See also Journal Article Does market size structure affect competition? The case of small business lending, Journal of Banking & Finance, Elsevier (2007) Downloads View citations (129) (2007)
  2. Eat or Be Eaten: A Theory of Mergers and Merger Waves
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
  3. Why do firms go public? evidence from the banking industry
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (15)

2004

  1. Betcha can’t acquire just one: merger programs and compensation
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (4)
  2. Merger momentum and investor sentiment: the stock market reaction to merger announcements
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (2)
    See also Journal Article Merger Momentum and Investor Sentiment: The Stock Market Reaction to Merger Announcements, The Journal of Business, University of Chicago Press (2006) Downloads View citations (79) (2006)

2003

  1. Banking market conditions and deposit interest rates
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (7)
    See also Journal Article Banking market conditions and deposit interest rates, Journal of Banking & Finance, Elsevier (2007) Downloads View citations (19) (2007)

2002

  1. Is three a crowd? competition among regulators in banking
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
    See also Journal Article Is Three a Crowd? Competition among Regulators in Banking, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (24) (2003)
  2. The choice of regulators in banking
    Proceedings, Federal Reserve Bank of Chicago

2001

  1. Do regulators search for the quiet life? the relationship between regulators and the regulated in banking
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (6)
  2. The effect of market size structure on competition: the case of small business lending
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (18)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) Downloads View citations (18)
  3. The effects of banking market size structure on bank competition: the case of small business lending
    Proceedings, Federal Reserve Bank of Chicago View citations (3)

1999

  1. The relationship between mergers and CEO compensation in large banks
    Proceedings, Federal Reserve Bank of Chicago

1997

  1. Regulatory competition: why do banks change regulators?
    Proceedings, Federal Reserve Bank of Chicago

1995

  1. Banks and Derivatives
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (59)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (59)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (59)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (64)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (62)

    See also Chapter Banks and Derivatives, NBER Chapters, National Bureau of Economic Research, Inc (1995) Downloads View citations (62) (1995)

1994

  1. Corporate Control, Portfolio Choice, and the Decline of Banking
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (4)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992) View citations (33)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (12)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)

    See also Journal Article Corporate Control, Portfolio Choice, and the Decline of Banking, Journal of Finance, American Finance Association (1995) Downloads View citations (244) (1995)

1993

  1. What goes up must come down? Asymmetries and persistence in bank deposit interest rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)

1992

  1. The size of the banking industry and managerial entrenchment
    Proceedings, Federal Reserve Bank of Chicago

1991

  1. Risk and capitalization in banking
    Proceedings, Federal Reserve Bank of Chicago View citations (8)

1988

  1. New banking powers: a portfolio analysis of bank investment in real estate
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article New banking powers: A portfolio analysis of bank investment in real estate, Journal of Banking & Finance, Elsevier (1989) Downloads View citations (11) (1989)
  2. Research and development with asymmetric firm sizes
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    See also Journal Article Research and Development with Asymmetric Firm Sizes, RAND Journal of Economics, The RAND Corporation (1991) Downloads View citations (68) (1991)

1983

  1. Uncertainty, Welfare Cost, and the 'Adaptability' of U.S. Corporate Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

Journal Articles

2022

  1. Correction to: Exposure to catastrophe risk and use of reinsurance: an empirical evaluation for the U.S
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2022, 47, (1), 203-203 Downloads
  2. Exposure to catastrophe risk and use of reinsurance: an empirical evaluation for the U.S
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2022, 47, (1), 103-124 Downloads View citations (2)

2019

  1. Homeowners’ Financial Protection Against Natural Disasters
    Chicago Fed Letter, 2019 Downloads

2018

  1. The Risks of Pricing New Insurance Products: The Case of Long-Term Care
    Chicago Fed Letter, 2018 Downloads View citations (1)

2017

  1. Are covered bonds a substitute for mortgage-backed securities?
    Journal of Economic Policy Reform, 2017, 20, (3), 238-253 Downloads
    See also Working Paper Are covered bonds a substitute for mortgage-backed securities?, Working Paper Series (2011) Downloads View citations (3) (2011)
  2. How Much Risk Do Variable Annuity Guarantees Pose to Life Insurers?
    Chicago Fed Letter, 2017 Downloads View citations (7)
  3. Rules and Discretion in Life Insurance Regulation
    Chicago Fed Letter, 2017 Downloads

2016

  1. Monetary Policy, Loan Maturity, and Credit Availability
    International Journal of Central Banking, 2016, 12, (1), 199-230 Downloads View citations (12)
  2. The Life Insurance Industry and Systemic Risk: A Bond Market Perspective
    Annual Review of Financial Economics, 2016, 8, (1), 155-174 Downloads View citations (2)
    See also Working Paper The Life Insurance Industry and Systemic Risk: A Bond Market Perspective, Working Paper Series (2016) Downloads View citations (2) (2016)

2014

  1. Understanding the relationship between life insurers and the Federal Home Loan Banks
    Chicago Fed Letter, 2014, (Jan) Downloads

2013

  1. The sensitivity of life insurance firms to interest rate changes
    Economic Perspectives, 2013, 37, (Q II), 47-78 Downloads View citations (14)
  2. What do U.S. life insurers invest in?
    Chicago Fed Letter, 2013, (Apr) Downloads View citations (1)

2012

  1. How liquid are U.S. life insurance liabilities?
    Chicago Fed Letter, 2012, (Sep) Downloads View citations (7)

2011

  1. Competition in mortgage markets: the effect of lender type on loan characteristics
    Economic Perspectives, 2011, 35, (Q I), 2-21 Downloads View citations (7)
  2. Mergers increase default risk
    Journal of Corporate Finance, 2011, 17, (4), 832-849 Downloads View citations (52)

2009

  1. Eat or Be Eaten: A Theory of Mergers and Firm Size
    Journal of Finance, 2009, 64, (3), 1291-1344 Downloads View citations (71)
    See also Working Paper Eat or be eaten: a theory of mergers and firm size, Working Paper Series (2006) Downloads View citations (1) (2006)

2008

  1. What are covered bonds?
    Chicago Fed Letter, 2008, (Dec) Downloads View citations (1)

2007

  1. Banking market conditions and deposit interest rates
    Journal of Banking & Finance, 2007, 31, (12), 3862-3884 Downloads View citations (19)
    See also Working Paper Banking market conditions and deposit interest rates, Working Paper Series (2003) Downloads View citations (7) (2003)
  2. Bubble, bubble, toil, and trouble
    Economic Perspectives, 2007, 31, (Q I), 16-35 Downloads View citations (4)
  3. Does market size structure affect competition? The case of small business lending
    Journal of Banking & Finance, 2007, 31, (1), 11-33 Downloads View citations (129)
    See also Working Paper Does Market Size Structure Affect Competition? The Case of Small Business Lending, CEI Working Paper Series (2005) Downloads View citations (8) (2005)
  4. The role of securitization in mortgage lending
    Chicago Fed Letter, 2007, (Nov) Downloads View citations (3)

2006

  1. Financial innovations, idiosyncratic risk, and the joint evolution of real and financial volatilities - comments
    Proceedings, 2006, (Nov) Downloads
  2. Merger Momentum and Investor Sentiment: The Stock Market Reaction to Merger Announcements
    The Journal of Business, 2006, 79, (2), 987-1017 Downloads View citations (79)
    See also Working Paper Merger momentum and investor sentiment: the stock market reaction to merger announcements, Working Paper Series (2004) Downloads View citations (2) (2004)

2005

  1. Explaining recent changes in home prices
    Chicago Fed Letter, 2005, (Jul) Downloads View citations (3)
  2. Switching primary federal regulators: is it beneficial for U.S. banks?
    Economic Perspectives, 2005, 29, (Q III), 16-23 Downloads View citations (8)

2004

  1. Comment on "Real Effects of Bank Competition" by Nicola Cetorelli
    Journal of Money, Credit and Banking, 2004, 36, (3), 559-62
  2. Comment on Avery and Samolyk
    Journal of Financial Services Research, 2004, 25, (2), 327-329 Downloads

2003

  1. Is Three a Crowd? Competition among Regulators in Banking
    Journal of Money, Credit and Banking, 2003, 35, (6), 967-98 View citations (24)
    See also Working Paper Is three a crowd? competition among regulators in banking, Proceedings (2002) View citations (1) (2002)

2002

  1. What Goes Up Must Come Down? Asymmetries and Persistence in Bank Deposit Rates
    Journal of Financial Services Research, 2002, 21, (3), 173-193 Downloads View citations (27)

2001

  1. CEO compensation and bank mergers
    Journal of Financial Economics, 2001, 61, (1), 107-138 Downloads View citations (134)

1998

  1. Comment on Peek and Rosengrew and Strahan and Westow
    Journal of Banking & Finance, 1998, 22, (6-8), 846-849 Downloads
  2. Modeling Electricity Pricing in a Deregulated Generation Industry: The Potential for Oligopoly Pricing in a Poolco
    The Energy Journal, 1998, Volume19, (Number 3), 19-48 Downloads View citations (74)

1995

  1. Corporate Control, Portfolio Choice, and the Decline of Banking
    Journal of Finance, 1995, 50, (5), 1377-1420 Downloads View citations (244)
    See also Working Paper Corporate Control, Portfolio Choice, and the Decline of Banking, Center for Financial Institutions Working Papers (1994) Downloads View citations (4) (1994)

1991

  1. Overcapacity and exit from banking
    Proceedings, 1991, (Nov) View citations (6)
  2. Research and Development with Asymmetric Firm Sizes
    RAND Journal of Economics, 1991, 22, (3), 411-429 Downloads View citations (68)
    See also Working Paper Research and development with asymmetric firm sizes, Finance and Economics Discussion Series (1988) View citations (4) (1988)

1989

  1. New banking powers: A portfolio analysis of bank investment in real estate
    Journal of Banking & Finance, 1989, 13, (3), 355-366 Downloads View citations (11)
    See also Working Paper New banking powers: a portfolio analysis of bank investment in real estate, Finance and Economics Discussion Series (1988) View citations (1) (1988)

Chapters

2018

  1. Defining, Measuring, and Mitigating Systemic Risk at Large Insurance Companies
    Chapter 11 in Public Policy & Financial Economics Essays in Honor of Professor George G Kaufman for His Lifelong Contributions to the Profession, 2018, pp 177-195 Downloads

2017

  1. SME business loans
    Chapter 15 in Handbook of Competition in Banking and Finance, 2017, pp 325-339 Downloads

2010

  1. Too Much Right Can Make a Wrong: Setting the Stage for the US Financial Crisis
    Palgrave Macmillan View citations (2)
    See also Working Paper Too much right can make a wrong: Setting the stage for the financial crisis, Federal Reserve Bank of Chicago (2009) Downloads View citations (1) (2009)

1995

  1. Banks and Derivatives
    A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 299-349 Downloads View citations (62)
    See also Working Paper Banks and Derivatives, Wharton School Center for Financial Institutions, University of Pennsylvania (1995) View citations (59) (1995)
 
Page updated 2024-06-14