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

39

DOWNLOADS
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Top 6,489

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13,976

TOTAL CITATIONS
Rank 2,031

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Top 2,031

in Total Papers Citations

405

Scholarly Papers (39)

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 703 (78,581)
Citation 21

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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 337 (190,894)

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

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 Fordham University
Downloads 726 (75,380)
Citation 44

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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 Fordham University
Downloads 182 (355,135)

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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, Fordham University and New York University - Stern School of Business
Downloads 117 (515,248)

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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, Fordham University and University of Colorado, Colorado Springs - College of Business
Downloads 566 (103,693)
Citation 17

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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, Fordham University and University of Colorado, Colorado Springs - College of Business
Downloads 328 (196,611)
Citation 4

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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 Last Revised: 18 Nov 2021
Paul Wachtel and Mingming Zhou
New York University - Stern School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 107 (552,003)

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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 Fordham University
Downloads 981 (50,964)
Citation 37

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5.
Downloads 940 (54,036)
Citation 16

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, Fordham University and New York University - Stern School of Business
Downloads 531 (112,434)
Citation 10

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

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, Fordham University and New York University - Stern School of Business
Downloads 409 (153,829)
Citation 6

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

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 904 (56,132)

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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

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7.
Downloads 762 (71,845)
Citation 7

Monetary Policy and Racial Inequality

FRB of New York Staff Report No. 959, Rev. June 2021
Number of pages: 47 Posted: 01 Feb 2021 Last Revised: 30 Jun 2021
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 631 (90,342)

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monetary policy, racial inequality, income distribution, wealth distribution, wealth effects

Monetary Policy and Racial Inequality

LawFin Working Paper No. 15, NYU Stern School of Business Forthcoming
Number of pages: 41 Posted: 03 Feb 2021
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 86 (640,616)

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monetary policy, racial inequality, income distribution, wealth distribution, wealth effects

Monetary Policy and Racial Inequality

CESifo Working Paper No. 8877
Number of pages: 42 Posted: 16 Feb 2021
University of Bonn, New York University - Stern School of Business, University of Bonn and University of Bonn - Department of Economics
Downloads 42 (933,325)

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Monetary Policy and Racial Inequality

CEPR Discussion Paper No. DP15734
Number of pages: 49 Posted: 11 Feb 2021 Last Revised: 14 Jul 2021
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 3 (1,374,881)
Citation 7
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8.
Downloads 759 (72,225)
Citation 66

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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 679 (82,161)
Citation 3

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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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 80 (669,517)
Citation 63

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capital regulation, credit crunch, financial crisis

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 501 (120,717)

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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 159 (400,624)

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Bretton Woods, exchange rate regimes, IMF, current account

10.
Downloads 546 (109,971)
Citation 2

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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 305 (212,796)
Citation 2

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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 - Faculty of Economics and Business Administration
Downloads 152 (416,384)

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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 - Faculty of Economics and Business Administration
Downloads 89 (626,847)

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11.
Downloads 534 (113,071)
Citation 8

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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 380 (167,130)
Citation 8

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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 - Faculty of Economics and Business Administration
Downloads 154 (411,805)

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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 304 (213,538)
Citation 25

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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 220 (296,739)
Citation 49

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

13.

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 502 (121,967)
Citation 28

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capital markets, financial sector, privatization, transition economies

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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 313 (206,824)
Citation 5

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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 - Faculty of Economics and Business Administration and New York University - Stern School of Business
Downloads 155 (409,543)
Citation 2

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syndicated loans, financial market development, foreign banking

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 368 (173,301)

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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

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16.
Downloads 340 (190,800)
Citation 29

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 340 (189,105)
Citation 29

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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

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

17.

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 339 (191,375)
Citation 1

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

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 95 (601,065)

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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 81 (664,524)
Citation 2

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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 44 (914,625)

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19.

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, Liang Song and Paul Wachtel
Fordham University, University of Massachusetts Dartmouthaffiliation not provided to SSRN and New York University - Stern School of Business
Downloads 202 (323,356)
Citation 10

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institutions, China, stock price synchronicity

20.

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 179 (361,190)
Citation 10

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

21.

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

NBER Working Paper No. w4848
Number of pages: 60 Posted: 25 Jul 2000 Last Revised: 02 Oct 2022
Columbia University - Columbia Business School, Goldman, Sachs & Co. and New York University - Stern School of Business
Downloads 156 (407,183)

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22.

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 153 (413,905)
Citation 4

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

23.

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 123 (493,089)
Citation 2

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24.

Current Account Sustainability in Transition Economies

NBER Working Paper No. w6468
Number of pages: 72 Posted: 07 Aug 2000 Last Revised: 06 Mar 2022
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 121 (499,418)

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25.

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 119 (505,686)

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

26.

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 107 (547,784)
Citation 4

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Beige Book, Tone

27.

The Structure of Expectations of the Weekly Money Supply Announcement

NBER Working Paper No. w1090
Number of pages: 22 Posted: 05 Jul 2004 Last Revised: 26 Jun 2022
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 106 (555,470)
Citation 1

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28.

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 104 (559,456)
Citation 1

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29.

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 102 (567,315)

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

30.

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 - Faculty of Economics and Business Administration and University of Bonn - Economic Science Area
Downloads 93 (602,992)
Citation 1

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31.

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 91 (611,191)

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

32.

The Effects of Inflation and Money Supply Announcements on Interest Rates

NBER Working Paper No. w1313
Number of pages: 23 Posted: 08 Jul 2004 Last Revised: 05 Aug 2022
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 82 (651,118)
Citation 1

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33.

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 81 (655,731)
Citation 1

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34.

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 79 (665,379)

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35.

The Effects on Income of Type of College Attended

NBER Working Paper No. w0014
Number of pages: 24 Posted: 06 Dec 2006 Last Revised: 11 Apr 2022
Lewis C. Solmon and Paul Wachtel
National Bureau of Economic Research (NBER) and New York University - Stern School of Business
Downloads 61 (765,306)

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36.

Loan Commitments and Monetary Policy

NBER Working Paper No. w2232
Number of pages: 33 Posted: 23 Mar 2007 Last Revised: 08 Aug 2022
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 51 (835,953)
Citation 2

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37.

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

NBER Working Paper No. w3245
Number of pages: 35 Posted: 28 Dec 2006 Last Revised: 14 Nov 2022
Martin Evans and Paul Wachtel
Independent and New York University - Stern School of Business
Downloads 47 (867,888)
Citation 1

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38.

When to Lean Against the Wind

CEPR Discussion Paper No. DP12188
Number of pages: 37 Posted: 04 Aug 2017 Last Revised: 02 Jul 2018
Björn Richter, Moritz Schularick and Paul Wachtel
Universitat Pompeu Fabra (UPF), University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 6 (1,300,968)
Citation 4
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Banking Crisis, Credit Booms, crisis prediction, macroprudential policy

39.

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

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