Teng Wang

Board of Governors of the Federal Reserve System

Senior Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

Bank for International Settlements (BIS)

Research Fellow

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

18

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SSRN CITATIONS
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Top 13,864

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91

CROSSREF CITATIONS

8

Scholarly Papers (18)

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1.

Is a Friend in Need a Friend Indeed? How Relationship Borrowers Fare during the COVID-19 Crisis

Kelley School of Business Research Paper No. 2021-01
Number of pages: 59 Posted: 28 Dec 2020 Last Revised: 08 Aug 2022
Allen N. Berger, Christa H. S. Bouwman, Lars Norden, Raluca A. Roman, Gregory F. Udell and Teng Wang
University of South Carolina - Darla Moore School of Business, Texas A&M University, Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Federal Reserve Bank of Philadelphia, Indiana University - Kelley School of Business - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 987 (40,448)
Citation 7

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Banks, bank loans, relationship lending, loan contract terms, financial crises, COVID-19, Paycheck Protection Program (PPP)

2.

Piercing through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses during Normal Times and the COVID-19 Crisis

Journal of Political Economy (JPE), Forthcoming , European Corporate Governance Institute – Finance Working Paper No. 912/2023
Number of pages: 102 Posted: 20 Apr 2021 Last Revised: 30 Jun 2023
Allen N. Berger, Christa H. S. Bouwman, Lars Norden, Raluca A. Roman, Gregory F. Udell and Teng Wang
University of South Carolina - Darla Moore School of Business, Texas A&M University, Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Federal Reserve Bank of Philadelphia, Indiana University - Kelley School of Business - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 717 (62,527)

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Credit cards, household finance, consumers, small businesses, relationship lending, banks, credit terms, cross-sectional smoothing, financial crises, COVID-19, intertemporal smoothing

3.

The Impact of Government Intervention in Banks on Corporate Borrowers’ Stock Returns

Number of pages: 55 Posted: 14 Mar 2012
Lars Norden, Peter Roosenboom and Teng Wang
Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Rotterdam School of Management, Erasmus University and Board of Governors of the Federal Reserve System
Downloads 493 (99,994)
Citation 11

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Bank loans, bank-firm relationships, stock markets, banking crisis, government intervention

4.

Does Knowledge Protection Benefit Shareholders? Evidence from Stock Market Reaction and Firm Investment in Knowledge Assets

Downloads 477 (104,067)
Citation 22

Does Knowledge Protection Benefit Shareholders? Evidence from Stock Market Reaction and Firm Investment in Knowledge Assets

Journal of Financial and Quantitative Analysis, Forthcoming , FIRN Research Paper No. 2728108
Number of pages: 56 Posted: 05 Feb 2016 Last Revised: 08 Jun 2017
Buhui Qiu and Teng Wang
University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 275 (190,106)
Citation 23

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Knowledge Protection; Inevitable Disclosure Doctrine; Shareholder Value; Investment in Knowledge Assets

Does Knowledge Protection Benefit Shareholders? Evidence from Stock Market Reaction and Firm Investment in Knowledge Assets

FEDS Working Paper No. 2017-012
Number of pages: 57 Posted: 21 Feb 2017
Buhui Qiu and Teng Wang
University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 202 (256,655)

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Inevitable Disclosure Doctrine, Investment in Knowledge Assets, Knowledge Protection, Shareholder Value

5.

How Private Equity Fuels Non-Bank Lending

Number of pages: 45 Posted: 01 May 2023 Last Revised: 30 Nov 2023
Sharjil Haque, Simon Mayer and Teng Wang
Board of Governors of the Federal Reserve System, Carnegie Mellon University and Board of Governors of the Federal Reserve System
Downloads 342 (151,986)
Citation 1

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Syndicated Loans, Private Equity, LBO, Bank Monitoring, CLO, Securitization, Loan Sales

6.

Debt Rollover Risk, Credit Default Swap Spread and Stock Returns: Evidence from the COVID-19 Crisis

Journal of Financial Stability, Forthcoming
Number of pages: 79 Posted: 03 Jun 2020 Last Revised: 24 Feb 2021
Ya Liu, Buhui Qiu and Teng Wang
The University of Sydney - Discipline of Finance, University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 294 (178,437)
Citation 9

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Debt Rollover Risk; Credit Default Swap Spread; Stock Returns

7.

Knowledge Protection and Strategic Alliances

Number of pages: 64 Posted: 28 Apr 2020 Last Revised: 07 Oct 2023
Iftekhar Hasan, Joon Ho Kong, Ya Liu, Buhui Qiu and Teng Wang
Fordham University, Stevens Institute of Technology - School of Business, The University of Sydney - Discipline of Finance, University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 196 (264,237)

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Knowledge Protection; Inevitable Disclosure Doctrine; Strategic Alliance

8.

Bank Screening and Mergers and Acquisitions: Evidence from Stress Test Failures

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 56 Posted: 25 Jun 2020 Last Revised: 16 Mar 2023
Buhui Qiu and Teng Wang
University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 161 (313,568)

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Mergers and Acquisitions; Ex-ante Bank Screening; Stress Tests Failures

9.

The effects of corporate bond granularity

Journal of Banking & Finance 63 (2016): 25-34
Number of pages: 10 Posted: 19 Aug 2013 Last Revised: 23 Dec 2015
Lars Norden, Peter Roosenboom and Teng Wang
Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Rotterdam School of Management, Erasmus University and Board of Governors of the Federal Reserve System
Downloads 139 (353,517)
Citation 5

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Debt finance, bond maturity, rollover risk, issue frequency, cost of capital

10.

“Out of Sight, Out of Mind?” Banks’ Private Information, Distance, and Relationship Length

Swiss Finance Institute Research Paper No. 23-01
Number of pages: 43 Posted: 13 Jan 2023
Stijn Claessens, Steven Ongena and Teng Wang
Bank for International Settlements (BIS), University of Zurich - Department of Banking and Finance and Board of Governors of the Federal Reserve System
Downloads 123 (387,987)

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11.

How Do Credit Ratings Affect Bank Lending Under Capital Constraints?

BIS Working Paper No. 747
Number of pages: 34 Posted: 30 Oct 2018
Stijn Claessens, Andy Law and Teng Wang
Bank for International Settlements (BIS), Harvard University, Harvard Law School and Board of Governors of the Federal Reserve System
Downloads 101 (447,369)
Citation 1

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ratings, bank capital, regulation, loan conditions

12.

Do Bank Bailouts Affect the Provision of Trade Credit?

Number of pages: 43 Posted: 16 Nov 2018 Last Revised: 17 Mar 2019
Lars Norden, Gregory F. Udell and Teng Wang
Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Indiana University - Kelley School of Business - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 98 (456,416)
Citation 2

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Trade credit, TARP, bank dependence, credit chains, financial crises

13.

Patent Enforcement, Shareholder Value, and Firm Innovations: Evidence from the Supreme Court Ruling on TC Heartland (2017)

Harvard Business Law Review, Forthcoming
Number of pages: 37 Posted: 24 Oct 2020
Andy Law, Buhui Qiu and Teng Wang
Harvard University, Harvard Law School, University of Sydney Business School and Board of Governors of the Federal Reserve System
Downloads 73 (545,851)

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Patent Enforcement, Shareholder Value, Firm Innovation Activities

14.

Local Banks and the Effects of Oil Price Shocks

Number of pages: 62 Posted: 16 Mar 2021
Teng Wang
Board of Governors of the Federal Reserve System
Downloads 72 (550,069)

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Oil shocks, SME lending, mortgage market, bank competition, out-of-market lending, transmission ofshocks, liquidity buffers

15.

To Build or to Buy? The Role of Local Information in Credit Market Development

FEDS Working Paper No. 2017-013
Number of pages: 41 Posted: 21 Feb 2017
Teng Wang
Board of Governors of the Federal Reserve System
Downloads 67 (571,768)
Citation 1

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Credit market development, Labor mobility, Local information

16.

Branching Networks and Geographic Contagion of Commodity Price Shocks

FEDS Working Paper No. 2020-034 https://doi.org/10.17016/FEDS.2020.034
Number of pages: 43 Posted: 18 May 2020
Teng Wang
Board of Governors of the Federal Reserve System
Downloads 39 (727,072)

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Bank competition; Oil shocks; Out-of-market lending; Transmission of shocks; SME lending

17.

Piercing Through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses During Normal Times and the Covid-19 Crisis

FRB of Philadelphia Working Paper No. 21-19
Number of pages: 77 Posted: 02 Jun 2021 Last Revised: 18 Jun 2022
Allen N. Berger, Christa Bouwman, Lars Norden, Raluca A. Roman, Gregory F. Udell and Teng Wang
affiliation not provided to SSRN, Texas A&M University, Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE), Federal Reserve Bank of Philadelphia, Indiana University - Kelley School of Business - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 32 (778,355)

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Credit cards, household finances, consumers, small businesses, relationship lending, banks

18.

Trade Credit Supply and Usage During Normal and Crisis Times: A Review of Recent Literature

Research Handbook of Alternative Finance, Forthcoming
Number of pages: 26 Posted: 20 Sep 2023
Jeffrey Jou, Lei Li and Teng Wang
University of Pennsylvania - Accounting Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 29 (802,188)

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Trade credit, information advantage, monitoring cost, bank credit, financial crisis

Other Papers (1)

Total Downloads: 51
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1.

Anchors in the Storm: the Role of Bank Capital in Corporate Lending

Number of pages: 43 Posted: 01 Oct 2017 Last Revised: 05 Jun 2020
Stijn Claessens, Andy Law and Teng Wang
Bank for International Settlements (BIS), Harvard University, Harvard Law School and Board of Governors of the Federal Reserve System
Downloads 51

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Loan Internal Rating, Bank Capital Ratio, Bank Lending