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

41

DOWNLOADS
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9,292

CITATIONS
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in Total Papers Citations

352

Scholarly Papers (41)

1.

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 - Gabelli School of Business
Downloads 802 (29,246)
Citation 186

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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 596 (43,074)
Citation 8

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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 164 (179,271)

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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 - Gabelli School of Business
Downloads 584 (44,262)
Citation 80

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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 - Gabelli School of Business
Downloads 100 (263,525)

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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 - Gabelli School of Business and New York University - Stern School of Business
Downloads 76 (313,700)

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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 - Gabelli School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 462 (59,702)
Citation 39

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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 - Gabelli School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 227 (133,052)

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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
Paul Wachtel and Mingming Zhou
New York University - Stern School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 61 (357,038)

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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 667 (37,017)
Citation 1

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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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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 441 (63,230)

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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 108 (249,689)

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Bretton Woods, exchange rate regimes, IMF, current account

7.
Downloads 548 ( 48,664)
Citation 5

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 - Gabelli School of Business and New York University - Stern School of Business
Downloads 301 (98,614)
Citation 2

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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, Fordham University - Gabelli School of Business and New York University - Stern School of Business
Downloads 247 (121,620)
Citation 8

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

8.
Downloads 520 ( 51,984)
Citation 15

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 494 (54,849)
Citation 4

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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 - Research Center SAFE and New York University - Stern School of Business
Downloads 26 (495,378)
Citation 35

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capital regulation, credit crunch, financial crisis

9.
Downloads 461 ( 60,494)
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 269 (111,277)
Citation 1

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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 - Research Center SAFE
Downloads 131 (216,102)

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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 - Research Center SAFE
Downloads 61 (354,027)
Citation 4

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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 207 (144,848)
Citation 9

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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 174 (170,172)
Citation 3

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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?

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 (649,546)
Citation 62
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11.
Downloads 378 ( 76,654)
Citation 7

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 319 (92,511)
Citation 6

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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 - Research Center SAFE
Downloads 59 (360,066)
Citation 1

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law and finance, bank lending, loan portfolio, collateral

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 236 (127,433)
Citation 2

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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 (261,770)
Citation 2
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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 322 (91,515)
Citation 7

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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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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 214 (140,345)

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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 - Research Center SAFE and New York University - Stern School of Business
Downloads 65 (342,526)

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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 223 (134,815)
Citation 67

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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 (526,282)
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16.
Downloads 228 (132,325)
Citation 73

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 228 (131,875)
Citation 73

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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

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 79 (306,443)

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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 58 (363,226)
Citation 3

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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 21 (526,282)

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18.

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 138 (206,522)
Citation 9

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

19.

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 121 (228,760)
Citation 2

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

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 Last Revised: 21 Apr 2008
Columbia University - Columbia Business School, Goldman, Sachs & Co. and New York University - Stern School of Business
Downloads 97 (267,095)
Citation 80

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21.

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
Fordham University - Gabelli School of Business, affiliation not provided to SSRN and New York University - Stern School of Business
Downloads 83 (294,682)
Citation 2

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institutions, China, stock price synchronicity

22.

Current Account Sustainability in Transition Economies

NBER Working Paper No. w6468
Number of pages: 72 Posted: 07 Aug 2000 Last Revised: 30 May 2014
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 67 (332,915)
Citation 1

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23.

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 65 (338,244)
Citation 3

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Beige Book, Tone

24.

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 63 (343,708)
Citation 2

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25.

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 2010
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 62 (346,424)
Citation 42

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26.

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 57 (361,095)

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

27.
Downloads 55 (367,339)
Citation 1

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 55 (372,984)

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Credit Deepening: Precursor to Growth or Crisis?

Comparative Economic Studies, Vol. 60, Issue 1, 2018
Number of pages: 10 Posted: 24 Apr 2018
Paul Wachtel
New York University - Stern School of Business
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Citation 1
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Finanical depth, Crisis, Credit boom, Growth

28.

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 53 (373,523)

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29.

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 47 (393,552)
Citation 3

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

30.

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 47 (393,552)
Citation 1

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

31.

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 43 (407,845)

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32.

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 37 (431,013)

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33.

The Effects on Income of Type of College Attended

NBER Working Paper No. w0014
Number of pages: 24 Posted: 06 Dec 2006 Last Revised: 18 Jul 2010
Lewis C. Solmon and Paul Wachtel
National Bureau of Economic Research (NBER) and New York University - Stern School of Business
Downloads 32 (451,959)
Citation 6

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34.

Loan Commitments and Monetary Policy

NBER Working Paper No. w2232
Number of pages: 33 Posted: 23 Mar 2007 Last Revised: 09 Aug 2010
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 (476,133)
Citation 10

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35.

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 2010
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 27 (476,133)
Citation 7

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36.

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 24 (492,325)
Citation 2

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37.

The Economics of Transition Literature

Economics of Transition, Vol. 26, Issue 4, pp. 827-840, 2018
Number of pages: 14 Posted: 18 Sep 2018
Anders Olofsgård, Paul Wachtel and Charles Becker
SITE-SSE, New York University - Stern School of Business and affiliation not provided to SSRN
Downloads 0 (661,445)
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Transition, political economy, banking reform, survey data

38.

Introduction: 2017 Dubrovnik Economic Conferences Symposium

Comparative Economic Studies, Vol. 60, Issue 2, 2018
Number of pages: 2 Posted: 02 Jul 2018
Paul Wachtel and Boris Vujčić
New York University - Stern School of Business and Croatian National Bank
Downloads 0 (661,445)
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39.

22nd Dubrovnik Economic Conference Symposium

Comparative Economic Studies, Vol. 59, Issue 2, 2017
Number of pages: 2 Posted: 20 Jun 2018
Paul Wachtel and Boris Vujčić
New York University - Stern School of Business and Croatian National Bank
Downloads 0 (661,445)
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40.

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
University of Bonn - Department of Economics, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 0 (661,445)
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Banking Crisis, Credit Booms, crisis prediction, macroprudential policy

41.

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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