Paul Wachtel

New York University - Stern School of Business

Professor

44 West 4th St.

New York, NY 10012

United States

http://www.stern.nyu.edu/~pwachtel

SCHOLARLY PAPERS

38

DOWNLOADS
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8,460

CITATIONS
Rank 1,162

SSRN RANKINGS

Top 1,162

in Total Papers Citations

468

Scholarly Papers (38)

Privatization Matters: Bank Efficiency in Transition Countries

William Davidson Institute Working Paper No. 679, BOFIT Discussion Paper No. 8/2004
Number of pages: 39 Posted: 08 May 2004
John Bonin, Paul Wachtel and Iftekhar Hasan
Wesleyan University - Economics Department, New York University - Stern School of Business and Gabelli School of Business, Fordham University
Downloads 568 (36,985)
Citation 46

Abstract:

Bank efficiency, bank privatization, strategic foreign owner, transition countries

Privatization Matters: Bank Efficiency in Transition Countries

NYU Working Paper No. 2451/26119
Number of pages: 37 Posted: 13 Oct 2008
John Bonin, Paul Wachtel and Iftekhar Hasan
Wesleyan University - Economics Department, New York University - Stern School of Business and Gabelli School of Business, Fordham University
Downloads 93 (231,279)
Citation 46

Abstract:

Privatization Matters: Bank Efficiency in Transition Countries

NYU Working Paper No. S-FI-04-04
Number of pages: 37 Posted: 11 Nov 2008
John Bonin, Iftekhar Hasan and Paul Wachtel
Wesleyan University - Economics Department, Gabelli School of Business, Fordham University and New York University - Stern School of Business
Downloads 71 (273,378)
Citation 46

Abstract:

Economic Growth and Financial Depth: Is the Relationship Extinct Already?

Number of pages: 26 Posted: 27 Oct 2005
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 582 (35,803)
Citation 12

Abstract:

finance-growth nexus, rolling regression, robustness, cross-country growth

Economic Growth and Financial Depth: Is the Relationship Extinct Already?

NYU Working Paper No. 2451/26108
Number of pages: 26 Posted: 13 Oct 2008
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 124 (187,552)
Citation 11

Abstract:

finance-growth nexus, rolling regression, robustness, cross-country growth

Institutional Development, Financial Deepening and Economic Growth: Evidence from China

BOFIT Discussion Paper No. 12/2006
Number of pages: 34 Posted: 02 Aug 2006
Paul Wachtel, Iftekhar Hasan and Mingming Zhou
New York University - Stern School of Business, Gabelli School of Business, Fordham University and University of Colorado, Colorado Springs - College of Business
Downloads 435 (52,088)
Citation 11

Abstract:

economic growth, institutions, financial markets, China

Institutional Development, Financial Deepening and Economic Growth: Evidence from China

NYU Working Paper No. 2451/26047
Number of pages: 31 Posted: 13 Oct 2008
Paul Wachtel, Iftekhar Hasan and Mingming Zhou
New York University - Stern School of Business, Gabelli School of Business, Fordham University and University of Colorado, Colorado Springs - College of Business
Downloads 221 (112,041)
Citation 11

Abstract:

Institutional Development, Financial Deepening, Political Pluralism,, Economic Growth

Institutional Development, Financial Deepening and Economic Growth: Evidence from China

BOFIT Discussion Paper No. 12/2006
Number of pages: 34 Posted: 14 Feb 2017
Paul Wachtel and Mingming Zhou
New York University - Stern School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 23 (436,263)
Citation 11

Abstract:

4.

Bank Performance, Efficiency and Ownership in Transitition Countries

BOFIT Discussion Paper No. 7/2004
Number of pages: 39 Posted: 18 Sep 2007
John Bonin, Paul Wachtel and Iftekhar Hasan
Wesleyan University - Economics Department, New York University - Stern School of Business and Gabelli School of Business, Fordham University
Downloads 678 (25,247)
Citation 102

Abstract:

5.
Downloads 599 ( 34,992)
Citation 14

Inflation, Financial Development and Growth

Number of pages: 14 Posted: 07 Dec 2000
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 599 (34,474)
Citation 14

Abstract:

Inflation, Financial Development and Growth

ECONOMIC THEORY, DYNAMICS AND MARKETS: ESSAYS IN HONOR OF RYUZO SATO, T. Negishi, R. Ramachandran, K. Mino, eds., Kluwer, 2001
Posted: 26 Jan 2001
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

Abstract:

Understanding the Old and New Bretton Woods

Number of pages: 18 Posted: 12 Jan 2007
Paul Wachtel
New York University - Stern School of Business
Downloads 424 (53,782)

Abstract:

Bretton Woods, exchange rate regimes, IMF, current account

Understanding the Old and New Bretton Woods

NYU Working Paper No. 2451/26082
Number of pages: 18 Posted: 13 Oct 2008
Paul Wachtel
New York University - Stern School of Business
Downloads 102 (216,879)

Abstract:

Bretton Woods, exchange rate regimes, IMF, current account

7.
Downloads 450 ( 50,496)
Citation 3

Risk Taking by Banks in the Transition Countries

Number of pages: 20 Posted: 21 Dec 2006
Rainer F. H. Haselmann and Paul Wachtel
Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 263 (93,554)
Citation 3

Abstract:

banking risk, default probability, credit risk, transition banking

Risk Taking By Banks in the Transition Countries

Comparative Economic Studies, 2007
Number of pages: 20 Posted: 03 Jun 2007
Paul Wachtel and Rainer F. H. Haselmann
New York University - Stern School of Business and Goethe University Frankfurt - Research Center SAFE
Downloads 128 (182,964)
Citation 3

Abstract:

Risk Taking by Banks in the Transition Countries

NYU Working Paper No. 2451/26048
Number of pages: 20 Posted: 13 Oct 2008
Paul Wachtel and Rainer F. H. Haselmann
New York University - Stern School of Business and Goethe University Frankfurt - Research Center SAFE
Downloads 58 (304,785)
Citation 3

Abstract:

Risk Taking by Banks in the Transition Countries

Comparative Economic Studies, Vol. 49, Issue 3, pp. 411-429, 2007
Number of pages: 19 Posted: 27 Sep 2010
Rainer F. H. Haselmann and Paul Wachtel
Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 1 (564,477)
Citation 3

Abstract:

8.
Downloads 435 ( 52,624)
Citation 1

Banking in Transition Countries

BOFIT Discussion Paper No. 12/2008
Number of pages: 34 Posted: 26 Aug 2008
John Bonin, Iftekhar Hasan and Paul Wachtel
Wesleyan University - Economics Department, Gabelli School of Business, Fordham University and New York University - Stern School of Business
Downloads 291 (83,701)
Citation 1

Abstract:

transition banking, bank privatization, foreign banks, bank regulation, credit growth

Banking in Transition Countries

BOFIT Discussion Paper No. 8/2014
Number of pages: 34 Posted: 29 Mar 2014
John Bonin, Iftekhar Hasan and Paul Wachtel
Wesleyan University - Economics Department, Gabelli School of Business, Fordham University and New York University - Stern School of Business
Downloads 144 (166,340)
Citation 1

Abstract:

transition banking, bank privatization, foreign banks, bank regulation, credit growth

Pro-Cyclical Capital Regulation and Lending

Journal of Finance, Forthcoming
Number of pages: 42 Posted: 03 Aug 2013 Last Revised: 16 Apr 2015
European Central Bank (ECB), Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 407 (56,520)

Abstract:

capital regulation, credit crunch, financial crisis, pro-cyclicality

Pro-Cyclical Capital Regulation and Lending

Bundesbank Discussion Paper No. 32/2014
Number of pages: 48 Posted: 21 Jun 2016
European Central Bank (ECB), Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 12 (499,465)

Abstract:

capital regulation, credit crunch, financial crisis

10.
Downloads 360 ( 66,065)
Citation 6

Institutions and Bank Behavior

NYU Stern Economics Working Paper No. 06-16, 2nd Annual Conference on Empirical Legal Studies Paper
Number of pages: 44 Posted: 08 Dec 2006
Rainer F. H. Haselmann and Paul Wachtel
Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 304 (79,538)
Citation 6

Abstract:

bank lending, bank loan portfolio, law and finance, collateral

Institutions and Bank Behavior

NYU Working Paper No. 2451/26078
Number of pages: 44 Posted: 13 Oct 2008
Paul Wachtel and Rainer F. H. Haselmann
New York University - Stern School of Business and Goethe University Frankfurt - Research Center SAFE
Downloads 56 (310,171)
Citation 6

Abstract:

law and finance, bank lending, loan portfolio, collateral

What is Happening to the Impact of Financial Deepening on Economic Growth?

Number of pages: 24 Posted: 10 Oct 2006
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 181 (135,942)
Citation 24

Abstract:

finance-growth nexus, rolling regression, robustness, cross-country growth

What is Happening to the Impact of Financial Deepening on Economic Growth?

NYU Working Paper No. 2451/26077
Number of pages: 24 Posted: 13 Oct 2008
Paul Wachtel and Peter L. Rousseau
New York University - Stern School of Business and Vanderbilt University - Department of Economics
Downloads 155 (156,023)
Citation 24

Abstract:

finance-growth nexus, rolling regression, robustness, cross-country growth

What is Happening to the Impact of Financial Deepening on Economic Growth?

Economic Inquiry, Vol. 49, No. 1, pp. 276-288, 2011
Number of pages: 13 Posted: 12 Jan 2011
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 3 (546,914)
Citation 24

Abstract:

Financial Market Responses to Monetary Policy Changes in the 1990s

Number of pages: 25 Posted: 31 Jan 2001
Paul Wachtel and Thomas Urich
New York University - Stern School of Business and Santa Clara University
Downloads 232 (106,754)
Citation 3

Abstract:

U.S. monetary policy, operating targets, Fed funds targets

Financial Market Responses to Monetary Policy Changes in the 1990s

Contemporary Economic Policy, July 2001
Number of pages: 25 Posted: 08 Jun 2001
Paul Wachtel and Thomas Urich
New York University - Stern School of Business and Santa Clara University
Downloads 101 (218,434)
Citation 3

Abstract:

U.S. monetary policy, operating targets, Fed funds targets

Towards Market-Oriented Banking in the Economies in Transition

Stern Working Paper Series S-97-2
Number of pages: 31 Posted: 29 Jul 1997
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 316 (76,206)
Citation 11

Abstract:

Towards Market-Oriented Banking in the Economies in Transition

Financial Sector Transformation: Lessons From the Economies in Transition, 1998, edited by Mario Blejer and Marko Skreb, Cambridge University Press
Posted: 12 Jul 1998
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business

Abstract:

Syndicated Loans, Foreign Banking and Capital Market Development

Number of pages: 24 Posted: 16 Jul 2009
Rainer F. H. Haselmann and Paul Wachtel
Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 188 (131,127)

Abstract:

Syndicated Loans, Foreign Banking and Capital Market Development

Number of pages: 24 Posted: 16 Feb 2009
Rainer F. H. Haselmann and Paul Wachtel
Goethe University Frankfurt - Research Center SAFE and New York University - Stern School of Business
Downloads 58 (304,785)

Abstract:

syndicated loans, financial market development, foreign banking

Financial Sector Development in Transition Economies: Lessons from the First Decade

BOFIT Discussion Paper No. 9/2002
Number of pages: 61 Posted: 20 Sep 2007
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 201 (123,064)
Citation 50

Abstract:

capital markets, financial sector, privatization, transition economies

Financial Sector Development in Transition Economies: Lessons from the First Decade

Financial Markets, Institutions and Instruments, Vol. 12, pp. 1-66, February 2003
Number of pages: 66 Posted: 18 Mar 2003
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 21 (447,648)
Citation 50

Abstract:

16.
Downloads 208 (119,424)
Citation 33

Inflation Thresholds and the Finance-Growth Nexus

Number of pages: 23 Posted: 25 Sep 2002
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 208 (119,048)
Citation 33

Abstract:

Financial development, Economic growth, Inflation, Financial repression, Cross-country regression

Inflation Thresholds and the Finance-Growth Nexus

Journal of International Money and Finance, 2002
Posted: 25 Sep 2002 Last Revised: 17 Jun 2013
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

Abstract:

Financial development, Economic growth, Inflation, Financial repression, Cross-country regression

Dealing with Financial Fragility in Transition Economies

SYSTEMIC FINANCIAL CRISES: RESOLVING LARGE BANK INSOLVENCIES, D. Evanoff, G. Kaufman, eds., World Publishing, 2005
Number of pages: 14 Posted: 04 Aug 2006
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 74 (266,917)
Citation 3

Abstract:

Banking, bank crises, transition economies

Dealing with Financial Fragility in Transition Economies

BOFIT Discussion Paper No. 22/2004
Number of pages: 30 Posted: 19 Sep 2007
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 57 (307,489)
Citation 3

Abstract:

Dealing with Financial Fragility in Transition Economies

NYU Working Paper No. EC-04-31
Number of pages: 19 Posted: 31 Oct 2008
John Bonin and Paul Wachtel
Wesleyan University - Economics Department and New York University - Stern School of Business
Downloads 20 (453,427)
Citation 3

Abstract:

18.

Observations on Disinflation in Transition Economies

BOFIT Discussion Paper No. 5/2004
Number of pages: 55 Posted: 13 May 2004
Paul Wachtel and Iikka Korhonen
New York University - Stern School of Business and Bank of Finland - Institute for Economies in Transition (BOFIT)
Downloads 113 (194,137)
Citation 2

Abstract:

Transition, inflation, exchange rate regime, Poland, Romania, Estonia, Russia

19.

A Note on Exchange Rate Pass-through in CIS Countries

BOFIT Discussion Paper No. 2/2005
Number of pages: 28 Posted: 25 Jul 2007
Iikka Korhonen and Paul Wachtel
Bank of Finland - Institute for Economies in Transition (BOFIT) and New York University - Stern School of Business
Downloads 112 (186,879)
Citation 5

Abstract:

exchange rate pass-through, inflation, exchange rate regime, transition countries

20.

Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective

NBER Working Paper No. w4848
Number of pages: 60 Posted: 25 Jul 2000
Columbia University - Columbia Business School, Goldman, Sachs & Co. and New York University - Stern School of Business
Downloads 75 (243,127)
Citation 66

Abstract:

21.

The Effects of Inflation and Money Supply Announcements on Interest Rates

NBER Working Paper No. w1313
Number of pages: 23 Posted: 08 Jul 2004
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 56 (293,237)
Citation 21

Abstract:

22.

Soft Information and Economic Activity: Evidence from the Beige Book

Number of pages: 33 Posted: 02 Sep 2010
Monash University - Department of Accounting, Monash University - Department of Accounting, T.A. PAI Management Institute, Finance Area and New York University - Stern School of Business
Downloads 55 (298,148)

Abstract:

Beige Book, Tone

23.

Financial System Design for Formerly Planned Economies: Defining the Issues

NYU Working Paper No. FIN-94-050
Number of pages: 96 Posted: 11 Nov 2008
Gregory F. Udell and Paul Wachtel
Indiana University - Kelley School of Business - Department of Finance and New York University - Stern School of Business
Downloads 54 (293,237)
Citation 4

Abstract:

24.

Current Account Sustainability in Transition Economies

NBER Working Paper No. w6468
Number of pages: 72 Posted: 07 Aug 2000
Nouriel Roubini and Paul Wachtel
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Stern School of Business
Downloads 50 (298,148)
Citation 26

Abstract:

25.

The Evolving Role of the Federal Reserve

NYU Working Paper No. 2451/31339
Number of pages: 12 Posted: 07 Dec 2011
Paul Wachtel
New York University - Stern School of Business
Downloads 48 (311,241)

Abstract:

Central bank, lender of last resort, systemic risk, monetary policy

26.

Institutional Development and Stock Price Synchronicity: Evidence from China

Journal of Comparative Economics, Vol. 42, No. 1, 2014, Pages 92–108 , BOFIT Discussion Paper No. 20/2013,
Number of pages: 39 Posted: 23 Aug 2013 Last Revised: 09 Mar 2017
Iftekhar Hasan, Liang Song and Paul Wachtel
Gabelli School of Business, Fordham University, affiliation not provided to SSRN and New York University - Stern School of Business
Downloads 43 (286,158)

Abstract:

institutions, China, stock price synchronicity

27.

The Making of America's Imbalances

NYU Working Paper No. 2451/31583
Number of pages: 32 Posted: 11 Jul 2012
Moritz Schularick and Paul Wachtel
University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 35 (337,328)
Citation 1

Abstract:

savings rate, flow of funds, wealth effects, financial instability, global imbalances, current account deficit

28.

Central Banking for the 21st Century: An American Perspective

Number of pages: 21 Posted: 11 May 2011
Paul Wachtel
New York University - Stern School of Business
Downloads 33 (353,393)

Abstract:

29.

The Effects on Income of Type of College Attended

NBER Working Paper No. w0014
Number of pages: 24 Posted: 06 Dec 2006
Lewis C. Solmon and Paul Wachtel
National Bureau of Economic Research (NBER) and New York University - Stern School of Business
Downloads 30 (390,308)
Citation 8

Abstract:

30.

Is Macro Prudential Regulation Possible?

NYU Working Paper No. 2451/31788
Number of pages: 11 Posted: 24 May 2013
Paul Wachtel
New York University - Stern School of Business
Downloads 29 (370,752)

Abstract:

31.

Loan Commitments and Monetary Policy

NBER Working Paper No. w2232
Number of pages: 33 Posted: 23 Mar 2007
George Sofianos, Arie Melnik and Paul Wachtel
affiliation not provided to SSRN, University of Haifa - Department of Economics and New York University - Stern School of Business
Downloads 27 (403,541)
Citation 9

Abstract:

32.

The Structure of Expectations of the Weekly Money Supply Announcement

NBER Working Paper No. w1090
Number of pages: 22 Posted: 05 Jul 2004
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 24 (403,541)
Citation 4

Abstract:

33.

A Modern Look at Asset Pricing and Short-Term Interest Rates

NBER Working Paper No. w3245
Number of pages: 35 Posted: 28 Dec 2006
Martin Evans and Paul Wachtel
Independent and New York University - Stern School of Business
Downloads 20 (422,964)
Citation 1

Abstract:

34.

The Evolution of the Finance Growth Nexus

Comparative Economic Studies, Vol. 53, Issue 3, pp. 475-488, 2011
Number of pages: 14 Posted: 23 Aug 2011
Paul Wachtel
New York University - Stern School of Business
Downloads 3 (521,539)
Citation 1

Abstract:

35.

Credit Deepening: Precursor to Growth or Crisis?

Number of pages: 9 Posted: 17 May 2017
Paul Wachtel
New York University - Stern School of Business
Downloads 0 (499,246)

Abstract:

36.

Episodes of Financial Deepening: Credit Booms or Growth Generators

Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present. (P. L. Rousseau and P. Wachtel, eds.). Cambridge University Press, Forthcoming.
Number of pages: 31 Posted: 06 Jul 2016
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 0 (433,240)

Abstract:

finance-growth nexus, Atlantic economies, financial deepening, financial crisis

37.

Credit Institutions, Ownership and Bank Lending in Transition Countries

Number of pages: 29 Posted: 12 Apr 2016 Last Revised: 13 Apr 2016
New York University - Stern School of Business, Goethe University Frankfurt - Research Center SAFE and University of Bonn - Economic Science Area
Downloads 0 (370,752)

Abstract:

38.

Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries

Journal of Money, Credit and Banking, Vol. 30, No. 3, Part 2 (November 1998)
Posted: 13 Apr 1998
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

Abstract: