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Details about Paul Wachtel

Homepage:http://www.stern.nyu.edu/faculty/bio/paul-wachtel
Workplace:Stern School of Business, New York University (NYU), (more information at EDIRC)

Access statistics for papers by Paul Wachtel.

Last updated 2019-04-24. Update your information in the RePEc Author Service.

Short-id: pwa884


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Working Papers

2019

  1. Falling under the control of a different type of owner: risk-taking implications for Banks
    Post-Print, HAL
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2016) Downloads
    Working Papers, HAL (2016) Downloads

    See also Journal Article in Applied Economics (2019)

2018

  1. Comparative Economic Studies and Comparative Economics: Six Decades and Counting
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
    See also Journal Article in Comparative Economic Studies (2018)
  2. When to Lean Against the Wind
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (11)

2017

  1. Credit Deepening: Precursor to growth or crisis?
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
    See also Journal Article in Comparative Economic Studies (2018)
  2. Episodes of financial deepening: credit booms or growth generators?
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics Downloads View citations (1)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2015) Downloads
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2016) Downloads

2016

  1. Credit Institutions, Ownership and Bank Lending in Transition Countries
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads

2014

  1. Banking in transition countries
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (3)
    Also in Wesleyan Economics Working Papers, Wesleyan University, Department of Economics (2013) Downloads
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2008)
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2008) Downloads View citations (8)
  2. Pro-cyclical capital regulation and lending
    Discussion Papers, Deutsche Bundesbank Downloads View citations (2)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2013) Downloads View citations (2)

    See also Journal Article in Journal of Finance (2016)

2013

  1. Institutional development and stock price synchronicity: Evidence from China
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads
    See also Journal Article in Journal of Comparative Economics (2014)
  2. Is Macro Prudential Regulation Possible?
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads

2012

  1. The Making of America's Imbalances
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (1)
    Also in Discussion Papers, Free University Berlin, School of Business & Economics (2012) Downloads View citations (1)

2011

  1. Central Banking for the 21st Century: An American Perspective
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
    See also Chapter (2011)

2010

  1. Economic Growth and Financial Depth: Is the Relationship Extinct Already?
    Working Papers, eSocialSciences Downloads
    Also in WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) (2005) Downloads View citations (22)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2005) Downloads View citations (22)

2009

  1. Syndicated Loans, Foreign Banking and Capital Market Development
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
  2. What is Happening to the Impact of Financial Deepening on Economic Growth?
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics Downloads View citations (7)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2006) Downloads View citations (9)

    See also Journal Article in Economic Inquiry (2011)

2007

  1. Institutional Development, Financial Deepening and Economic Growth: Evidence from China
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (3)
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2006) Downloads View citations (8)

    See also Journal Article in Journal of Banking & Finance (2009)
  2. Risk Taking by Banks in the Transition Countries
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (32)
    See also Journal Article in Comparative Economic Studies (2007)

2006

  1. Institutions and Bank Behavior
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (8)
  2. Understanding the Old and New Bretton Woods
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (1)

2005

  1. A Note on exchange rate pass-through in CIS countries
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (12)
    See also Journal Article in Research in International Business and Finance (2006)

2004

  1. Bank performance, efficiency and ownership in transition countries
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (4)
    See also Journal Article in Journal of Banking & Finance (2005)
  2. Dealing with Financial Fragility in Transition Economies
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2004) Downloads View citations (5)

    See also Chapter (2005)
  3. Observations on disinflation in transition economies
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (2)
  4. Privatization Matters: Bank Efficiency in Transition Countries
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Downloads View citations (13)
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2004) Downloads View citations (5)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2004) View citations (1)

    See also Journal Article in Journal of Banking & Finance (2005)

2002

  1. Financial sector development in transition economies: Lessons from the first decade
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (17)

2000

  1. Inflation, Financial Development and Growth
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (5)

1999

  1. Lessons from Bank Privatization in Central Europe
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Downloads View citations (4)

1998

  1. Current Account Balances and External Debt in Transition Economies: Lesson for Central Asia
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (1)
  2. Current Account Sustainability in Transition Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1997) View citations (4)
  3. Equity Markets and Growth: Cross-Country Evidence on Timing and Outcomes, 1980-1995
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (10)
    See also Journal Article in Journal of Banking & Finance (2000)

1995

  1. Foreign Banking in the Central European Economies in Transition
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (2)

1994

  1. Commercial Paper, Corporate Finance and the Business Cycle: A Microeconomic Perspective
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) Downloads View citations (14)

    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)
  2. Financial Intermediation and Economic Growth: A Historical Comparison of the U.S., U.K. and Canada
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (18)
  3. Financial System Design for Formerly Planned Economies: Defining the Issues
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (3)

1993

  1. Higher Education in New York: Portrait of an Industry
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics

1992

  1. Were Price Changes during the Great Depression Anticipated? Evidence from Nominal Interest Rates
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (2)
    See also Journal Article in Journal of Monetary Economics (1993)

1990

  1. A Modern Look At Asset Pricing and Short-Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

1987

  1. Loan Commitments and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Banking & Finance (1990)

1984

  1. The Effects of Inflation and Money Supply Announcements on Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article in Journal of Finance (1984)

1983

  1. The Structure of Expectations of the Weekly Money Supply Announcement
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

1973

  1. The Effects on Income of Type of College Attended
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

Journal Articles

2019

  1. Falling under the control of a different type of owner:risk-taking implications for banks
    Applied Economics, 2019, 51, (8), 831-847 Downloads
    See also Working Paper (2019)

2018

  1. Comparative Economic Studies and Comparative Economics: Six Decades and Counting
    Comparative Economic Studies, 2018, 60, (4), 638-656 Downloads
    See also Working Paper (2018)
  2. Credit Deepening: Precursor to Growth or Crisis?
    Comparative Economic Studies, 2018, 60, (1), 34-43 Downloads View citations (3)
    See also Working Paper (2017)
  3. Introduction: 2017 Dubrovnik Economic Conferences Symposium
    Comparative Economic Studies, 2018, 60, (2), 181-182 Downloads
  4. The economics of transition literature
    The Economics of Transition, 2018, 26, (4), 827-840 Downloads View citations (2)

2017

  1. 22nd Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2017, 59, (2), 127-128 Downloads View citations (1)
  2. L'expansion du crédit: moteur de croissance ou prélude à la crise ?
    Revue d'économie financière, 2017, N° 127, (3), 95-106 Downloads

2016

  1. 21st Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2016, 58, (3), 315-316 Downloads
  2. Procyclical Capital Regulation and Lending
    Journal of Finance, 2016, 71, (2), 919-956 Downloads View citations (40)
    See also Working Paper (2014)

2015

  1. Introduction: 20th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2015, 57, (2), 203-204 Downloads

2014

  1. Editor's Choice The Making of America’s Imbalances
    CESifo Economic Studies, 2014, 60, (1), 62-88 Downloads View citations (1)
  2. Institutional development and stock price synchronicity: Evidence from China
    Journal of Comparative Economics, 2014, 42, (1), 92-108 Downloads View citations (10)
    See also Working Paper (2013)
  3. Introduction: 19th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2014, 56, (2), 155-156 Downloads

2013

  1. 18th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2013, 55, (2), 199-200 Downloads
  2. Soft information and economic activity: Evidence from the Beige Book
    Journal of Macroeconomics, 2013, 37, (C), 81-92 Downloads View citations (3)

2012

  1. 17th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2012, 54, (3), 441-442 Downloads
  2. L'évolution du rôle de la Federal Reserve
    Revue d'économie financière, 2012, N° 105, (1), 265-280 Downloads
    Also in Revue d'Économie Financière, 2012, 105, (1), 265-279 (2012) Downloads

2011

  1. 16th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2011, 53, (2), 163-164 Downloads
  2. Foreign banks in syndicated loan markets
    Journal of Banking & Finance, 2011, 35, (10), 2679-2689 Downloads View citations (15)
  3. The Evolution of the Finance Growth Nexus
    Comparative Economic Studies, 2011, 53, (3), 475-488 Downloads View citations (12)
  4. WHAT IS HAPPENING TO THE IMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH?
    Economic Inquiry, 2011, 49, (1), 276-288 View citations (179)
    See also Working Paper (2009)

2010

  1. 15th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2010, 52, (2), 131-132 Downloads
  2. Central Banking and Monetary Policy in the Asia-Pacific - By Akhand Akhtar Hossain
    Asian-Pacific Economic Literature, 2010, 24, (2), 181-182 Downloads
  3. Institutions and Bank Behavior: Legal Environment, Legal Perception, and the Composition of Bank Lending
    Journal of Money, Credit and Banking, 2010, 42, (5), 965-984 View citations (17)

2009

  1. 14th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2009, 51, (4), 419-420 Downloads View citations (1)
  2. Institutional development, financial deepening and economic growth: Evidence from China
    Journal of Banking & Finance, 2009, 33, (1), 157-170 Downloads View citations (115)
    See also Working Paper (2007)

2008

  1. 13th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2008, 50, (4), 535-536 Downloads

2007

  1. 12th Dubrovnik Economic Conference Symposium
    Comparative Economic Studies, 2007, 49, (3), 337-338 Downloads
  2. Living Standards and the Wealth of Nations: Successes and Failures in Real Convergence
    Comparative Economic Studies, 2007, 49, (2), 333-335 Downloads
  3. Risk Taking by Banks in the Transition Countries
    Comparative Economic Studies, 2007, 49, (3), 411-429 Downloads View citations (28)
    See also Working Paper (2007)

2006

  1. A note on exchange rate pass-through in CIS countries
    Research in International Business and Finance, 2006, 20, (2), 215-226 Downloads View citations (8)
    See also Working Paper (2005)
  2. Introduction: Crises, financial stability and macroeconomic policy. Papers from the 11th Dubrovnik Economic Conference
    Journal of Banking & Finance, 2006, 30, (12), 3257-3258 Downloads
  3. Policy issues relevant to transition and emerging market economies: Papers from the 10th Dubrovnik Economic Conference
    Journal of Banking & Finance, 2006, 30, (5), 1333-1334 Downloads

2005

  1. Bank performance, efficiency and ownership in transition countries
    Journal of Banking & Finance, 2005, 29, (1), 31-53 Downloads View citations (362)
    See also Working Paper (2004)
  2. Introduction to the Symposium Issue
    Journal of Banking & Finance, 2005, 29, (1), 1-4 Downloads
  3. Privatization matters: Bank efficiency in transition countries
    Journal of Banking & Finance, 2005, 29, (8-9), 2155-2178 Downloads View citations (136)
    See also Working Paper (2004)

2003

  1. EDITORIAL
    Comparative Economic Studies, 2003, 45, (3), 213-214 Downloads
  2. How much do we really know about growth and finance?
    Economic Review, 2003, 88, (Q1), 33-47 Downloads View citations (41)

2002

  1. 7th Dubrovnik Economics Conference: Current Issues in Emerging Market Economies
    Comparative Economic Studies, 2002, 44, (2-3), VI-VI Downloads
  2. Inflation thresholds and the finance-growth nexus
    Journal of International Money and Finance, 2002, 21, (6), 777-793 Downloads View citations (141)

2001

  1. FINANCIAL MARKET RESPONSES TO MONETARY POLICY CHANGES IN THE 1990S
    Contemporary Economic Policy, 2001, 19, (3), 254-267 Downloads
  2. Growth and Finance: What Do We Know and How Do We Know It?
    International Finance, 2001, 4, (3), 335-62 Downloads View citations (57)

2000

  1. Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995
    Journal of Banking & Finance, 2000, 24, (12), 1933-1957 Downloads View citations (180)
    See also Working Paper (1998)

1998

  1. Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries
    Journal of Money, Credit and Banking, 1998, 30, (4), 657-78 View citations (248)

1997

  1. A külföldi bankok szerepe a közép-európai átmeneti gazdaságokban I
    (Role of foreign banks in the Central European economies in transition)
    Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), 1997, XLIV, (1), 13-30 Downloads View citations (3)
    Also in Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), 1997, XLIV, (2), 124-141 (1997) Downloads
  2. A labor-income based measure of the value of human capital: An application to the states of the US: Comments
    Japan and the World Economy, 1997, 9, (2), 193-196 Downloads View citations (2)

1995

  1. Commercial paper, corporate finance, and the business cycle: a microeconomic perspective
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 203-250 Downloads View citations (61)
    See also Working Paper (1994)

1993

  1. Capital requirements and shifts in commercial bank portfolios
    Economic Review, 1993, 29, (Q III), 2-15 Downloads View citations (72)
  2. Inflation Regimes and the
    Journal of Money, Credit and Banking, 1993, 25, (3), 475-511 Downloads View citations (16)
  3. Were price changes during the Great Depression anticipated?: Evidence from nominal interest rates
    Journal of Monetary Economics, 1993, 32, (1), 3-34 Downloads View citations (31)
    See also Working Paper (1992)

1992

  1. Interpreting the Movements in Short-Term Interest Rates
    The Journal of Business, 1992, 65, (3), 395-429 Downloads View citations (9)

1990

  1. Loan commitments and monetary policy
    Journal of Banking & Finance, 1990, 14, (4), 677-689 Downloads View citations (24)
    See also Working Paper (1987)

1988

  1. THE FUTURE OF STABILIZATION POLICY: A SYMPOSIUM IN MEMORY OF MICHAEL J. HAMBURGER—INTRODUCTION
    Contemporary Economic Policy, 1988, 6, (4), 1-2 Downloads

1987

  1. Deficit Announcements and Interest Rates
    American Economic Review, 1987, 77, (5), 1007-12 Downloads View citations (25)

1984

  1. The Effects of Inflation and Money Supply Announcements on Interest Rates
    Journal of Finance, 1984, 39, (4), 1177-88 Downloads View citations (21)
    See also Working Paper (1984)

1983

  1. Rational Expectations, Informational Efficiency, and Tests Using Survey Data: A Reply [The Formation of Inflationary Expectations]
    The Review of Economics and Statistics, 1983, 65, (3), 529-31 Downloads View citations (3)

1982

  1. Inflationary Expectations: Reply and Further Thoughts on Inflation Uncertainty
    American Economic Review, 1982, 72, (3), 508-12 Downloads View citations (6)
  2. Relative Price Variability and Nonuniform Inflationary Expectations
    Journal of Political Economy, 1982, 90, (1), 146-57 Downloads View citations (15)

1981

  1. Market Response to the Weekly Money Supply Announcements in the 1970s
    Journal of Finance, 1981, 36, (5), 1063-72 Downloads View citations (28)
  2. The Formation of Inflationary Expectations
    The Review of Economics and Statistics, 1981, 63, (1), 1-10 Downloads View citations (41)

1980

  1. Census data from 1960 and 1970, augmented with schooling data (expenditures per pupil as well as other measures of school quality) from the various Biennial Surveys of Education, are utilized to analyze the impact of school quality on earnings and to investigate secular changes in rates of return to school quality. This research indicates that the effect of expenditures per pupil on earnings is smaller than that estimated by previous researchers. However, there has been a substantial improvement for blacks in the last decade, while the returns to the investment in the quality of education of white males have been unchanged
    Journal of Human Resources, 1980, 15, (2), 240-254 Downloads

1979

  1. Differential Inflationary Expectations and the Variability of the Rate of Inflation: Theory and Evidence
    American Economic Review, 1979, 69, (4), 595-609 Downloads View citations (76)

1978

  1. Time variation in the relationship between inflation and interest rates
    Journal of Monetary Economics, 1978, 4, (4), 755-765 Downloads View citations (38)

1976

  1. Capital Shortages: Myth or Reality?
    Journal of Finance, 1976, 31, (2), 269-86 Downloads
  2. The Effect of Earnings of School and College Investment Expenditures
    The Review of Economics and Statistics, 1976, 58, (3), 326-31 Downloads View citations (9)

1972

  1. A Note on Inflation and the Saving Rate
    Brookings Papers on Economic Activity, 1972, 3, (3), 765-778 Downloads View citations (4)
  2. Anticipatory and Objective Models of Durable Goods Demand
    American Economic Review, 1972, 62, (4), 564-79 Downloads View citations (18)
    See also Chapter (1974)
  3. Inflation and the Consumer
    Brookings Papers on Economic Activity, 1972, 3, (1), 71-122 Downloads View citations (18)
  4. Interrelated Models of Household Behavior: A Summary and an Extension
    Journal of Finance, 1972, 27, (2), 503-06 Downloads

Books

1998

  1. Banking in Transition Economies
    Books, Edward Elgar Publishing Downloads View citations (14)

Edited books

2017

  1. Financial Systems and Economic Growth
    Cambridge Books, Cambridge University Press View citations (6)

2008

  1. Trade Friction and Economic Policy
    Cambridge Books, Cambridge University Press

Chapters

2011

  1. Central Banking for the 21st Century: An American Perspective
    Chapter 10 in Post-Crisis Growth and Integration in Europe, 2011 Downloads
    See also Working Paper (2011)

2005

  1. Dealing with Financial Fragility in Transition Economies
    Chapter 10 in Systemic Financial Crises Resolving Large Bank Insolvencies, 2005, pp 141-157 Downloads
    See also Working Paper (2004)

1977

  1. Inflation, Uncertainty, and Saving Behavior
    A chapter in Explorations in Economic Research, Volume 4, number 4, 1977, pp 88-108 Downloads View citations (2)
  2. Survey Measures of Expected Inflation and Their Potential Usefulness
    A chapter in Analysis of Inflation: 1965–1974, 1977, pp 361-402 Downloads View citations (2)

1975

  1. The Effect of School Quality on Achievement, Attainment Levels, and Lifetime Earnings
    A chapter in Explorations in Economic Research, Volume 2, number 4, 1975, pp 502-536 Downloads View citations (12)
  2. The Returns to Investment in Higher Education: Another View
    A chapter in Education, Income, and Human Behavior, 1975, pp 151-170 Downloads View citations (2)

1974

  1. Anticipatory and Objective Models of Durable Goods Demand
    A chapter in Explorations in Economic Research, Volume 1, number 2, 1974, pp 136-188 Downloads
    See also Journal Article in American Economic Review (1972)

1972

  1. A Model of Interrelated Demand for Assets by Households
    A chapter in Annals of Economic and Social Measurement, Volume 1, number 2, 1972, pp 129-140 Downloads View citations (4)

Editor

  1. Comparative Economic Studies
    Palgrave Macmillan
 
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