Seung Jung Lee

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

21

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103

Scholarly Papers (21)

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1.

The U.S. Syndicated Loan Market: Matching Data

Downloads 592 (99,907)
Citation 9

The U.S. Syndicated Loan Market: Matching Data

Federal Reserve Bank of Kansas City Working Paper No. 18-09
Number of pages: 26 Posted: 12 Dec 2018
Gregory Cohen, Melanie Friedrichs, Kamran Gupta, William Hayes, Seung Jung Lee, W. Blake Marsh, Nathan Mislang, Maya Shaton and Martin Sicilian
Board of Governors of the Federal Reserve System, New York University - Stern School of Business, Booz Allen Hamilton, Columbia University - Law School, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Kansas City, Board of Governors of the Federal Reserve System, Ben-Gurion University and Stanford University
Downloads 415 (152,100)
Citation 8

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bank credit, syndicated loans, probabilistic matching, company level matching, loan level matching

The U.S. Syndicated Loan Market: Matching Data

FEDS Working Paper No. 2018-85
Number of pages: 26 Posted: 14 Dec 2018 Last Revised: 04 Jun 2021
Gregory Cohen, Melanie Friedrichs, Kamran Gupta, William Hayes, Seung Jung Lee, W. Blake Marsh, Nathan Mislang and Martin Sicilian
Board of Governors of the Federal Reserve System, New York University - Stern School of Business, Booz Allen Hamilton, Columbia University - Law School, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Kansas City, Board of Governors of the Federal Reserve System and Stanford University
Downloads 177 (366,592)
Citation 1

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Bank credit, Company level matching, Loan level matching, Probabilistic matching, Syndicated loans

2.

Mapping Heat in the U.S. Financial System

FEDS Working Paper No. 2015-059, http://dx.doi.org/10.17016/FEDS.2015.059
Number of pages: 72 Posted: 14 Aug 2015
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael Palumbo and Missaka Warusawitharana
Bank of England - Monetary Assessment and Strategy Division, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 366 (177,096)
Citation 21

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Early warning system, Financial crisis, Financial stability and risk, Financial vulnerabilities, Heat maps, Macroprudential policy, Systemic risk

3.

Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market

Downloads 357 (182,007)
Citation 21

Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Loan Market

FEDS Working Paper No. 2015-068, http://dx.doi.org/10.17016/FEDS.2015.068
Number of pages: 45 Posted: 21 Sep 2015 Last Revised: 19 Jun 2017
Sirio Aramonte, Seung Jung Lee and Viktors Stebunovs
Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 269 (244,386)
Citation 9

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Syndicated loans, Shared National Credit Program, Shadow banking, Zero lower bound, Search for yield, Risk-taking channel of monetary policy

Risk Taking and Low Longer-Term Interest Rates: Evidence from the U.S. Syndicated Term Loan Market

Journal of Banking and Finance, Forthcoming
Number of pages: 68 Posted: 28 Mar 2019
Sirio Aramonte, Seung Jung Lee and Viktors Stebunovs
Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 88 (636,008)
Citation 12

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Syndicated Term Loans; Shared National Credit Program; Shadow Banking; Zero Lower Bound; Search for Yield; Risk-Taking Channel of Monetary Policy

4.

Prudential Policies and Their Impact on Credit in the United States

Downloads 253 (261,838)
Citation 5

Prudential Policies and Their Impact on Credit in the United States

BIS Working Paper No. 635
Number of pages: 58 Posted: 07 Jun 2017
Paul S. Calem, Ricardo Correa and Seung Jung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 188 (346,941)

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bank stress tests, CCAR, Home Mortgage Disclosure Act (HMDA) data, jumbo mortgages, leveraged lending, macroprudential policy, Shared National Credit (SNC) data, Interagency Guidance on Leveraged Lending, syndicated loan market

Prudential Policies and Their Impact on Credit in the United States

International Finance Discussion Paper No. 1186
Number of pages: 57 Posted: 19 Dec 2016 Last Revised: 29 Dec 2016
Paul S. Calem, Ricardo Correa and Seung Jung Lee
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 65 (759,519)
Citation 5

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5.

Bank Capital Ratios and the Structure of Nonfinancial Industries

Downloads 241 (274,689)

Bank Capital Ratios and the Structure of Nonfinancial Industries

Number of pages: 46 Posted: 11 Dec 2011
Seung Jung Lee and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 91 (622,510)

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bank capital ratios, bank capital regulation, non-financial firm dynamics

Bank Capital Ratios and Employment in Nonfinancial Industries

Number of pages: 51 Posted: 20 Mar 2012 Last Revised: 21 Oct 2012
Seung Jung Lee and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 78 (684,644)

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bank capital ratios, bank capital regulation, employment, non-financial firm dynamics

Bank Capital Ratios and the Structure of Nonfinancial Industries

FEDS Working Paper No. 2012-53
Number of pages: 51 Posted: 26 Dec 2012
Seung Jung Lee and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 72 (717,351)

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Bank capital ratios, bank capital regulation, nonfinancial firm dynamics

6.

Less Bank Regulation, More Non-Bank Lending

FEDS Working Paper No. 2023-26
Number of pages: 38 Posted: 15 May 2023
Mary Chen, Seung Jung Lee, Daniel Neuhann and Farzad Saidi
Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, University of Texas at Austin - McCombs School of Business and University of Bonn
Downloads 221 (298,885)
Citation 1

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Non-bank lending, Bank deregulation, Credit supply, Loan liquidity, Industrial organization of financial markets

7.

The Anatomy of Financial Vulnerabilities and Crises

International Finance Discussion Paper No. 1191
Number of pages: 88 Posted: 20 Feb 2017
Seung Jung Lee, Kelly Posenau and Viktors Stebunovs
Board of Governors of the Federal Reserve System, Cornell University - SC Johnson Graduate School of Business and Board of Governors of the Federal Reserve System
Downloads 196 (334,696)
Citation 7

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8.

Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans

Downloads 161 (399,133)
Citation 5

Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans

International Finance Discussion Paper No. 1251
Number of pages: 41 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Seung Jung Lee, Lucy Qian Liu and Viktors Stebunovs
Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 93 (613,778)
Citation 5

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Risk Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans

Number of pages: 34 Posted: 05 Jun 2018
Seung Jung Lee, Lucy Qian Liu and Viktors Stebunovs
Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 68 (740,917)

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syndicated loans, risk taking, monetary policy, international spillovers

9.

Estimating Changes in Supervisory Standards and Their Economic Effects

Downloads 130 (475,513)
Citation 21

Estimating Changes in Supervisory Standards and Their Economic Effects

FEDS Working Paper No. 2012-55
Number of pages: 52 Posted: 26 Dec 2012
William F. Bassett, Seung Jung Lee and Thomas Popeck Spiller
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 70 (728,898)
Citation 19

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Bank supervision and regulation, financial frictions, CAMELS ratings

Estimating Changes in Supervisory Standards and Their Economic Effects

Number of pages: 51 Posted: 20 Oct 2012
William F. Bassett, Seung Jung Lee and Thomas Popeck Spiller
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 60 (792,991)
Citation 2

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Bank Supervision and Regulation, Financial Frictions, CAMELS Ratings

10.

Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market

Downloads 124 (493,539)
Citation 7

Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market

IMF Working Paper No. 17/16
Number of pages: 48 Posted: 09 Mar 2017
Seung Jung Lee, Lucy Qian Liu and Viktors Stebunovs
Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 92 (618,097)
Citation 5

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Interest rates on loans, Loans, Credit risk, United States, Monetary policy, Spillovers, Regression analysis, Syndicated loans, risk taking, monetary policy, international spillovers

Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market

International Finance Discussion Paper No. 1188
Number of pages: 41 Posted: 15 Jan 2017 Last Revised: 23 Jan 2017
Lucy Qian Liu, Viktors Stebunovs and Seung Jung Lee
International Monetary Fund (IMF), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 32 (1,047,439)
Citation 2

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11.

Identifying Financial Crises Using Machine Learning on Textual Data

International Finance Discussion Paper No. 1374
Number of pages: 40 Posted: 05 May 2023
Mary Chen, Matthew DeHaven, Isabel Kitschelt, Seung Jung Lee and Martin Sicilian
Federal Reserve Bank of Boston, Brown University, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Stanford University
Downloads 118 (512,689)

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Financial crises, Machine learning, Natural language processing

12.

Bank Lending Channels During the Great Recession

Number of pages: 43 Posted: 03 Nov 2013
Samuel Haltenhof, Seung Jung Lee and Viktors Stebunovs
University of Michigan at Ann Arbor - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 117 (515,917)
Citation 1

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bank credit channels, bank lending standards, home equity extraction, credit crunch, employment, job losses, Great Recession

13.

The Credit Crunch and Fall in Employment During the Great Recession

FEDS Working Paper No. 201406
Number of pages: 62 Posted: 10 Apr 2014
Samuel Haltenhof, Seung Jung Lee and Viktors Stebunovs
University of Michigan at Ann Arbor - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 99 (583,458)
Citation 4

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Bank credit, credit crunch, job losses, Great Recession, Senior Loan Officer Opinion Survey

14.

Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance

Downloads 90 (619,975)
Citation 1

Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance

FEDS Working Paper No. 2020-28
Number of pages: 29 Posted: 14 Jun 2021
Elena Afanasyeva, Sam Jerow, Seung Jung Lee and Michele Modugno
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 47 (895,335)

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Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance

FEDS Working Paper No. 2020-028
Number of pages: 29 Posted: 16 May 2020
Elena Afanasyeva, Sam Jerow, Seung Jung Lee and Michele Modugno
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 43 (932,271)
Citation 1

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Non-financial Leverage, Financial Imbalances, Financial Stability, Forecasting, VAR, Sign Restrictions, Narrative

15.

Sentiment in Bank Examination Reports and Bank Outcomes

FEDS Working Paper No. 2022-77
Number of pages: 46 Posted: 21 Nov 2022
Maureen Cowhey, Seung Jung Lee, Thomas Popeck Spiller and Cindy M. Vojtech
University of California, Los Angeles (UCLA), Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 55 (812,841)

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CAMELS, Bank examination reports, Natural language processing, Private supervisory information

16.

Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment

International Finance Discussion Paper No. 1161
Number of pages: 51 Posted: 04 May 2016 Last Revised: 21 Sep 2016
Seung Jung Lee and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 46 (884,112)

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Bank capital ratios, bank capital regulations, loan substitutability, employment, firm dynamics

17.

Bank Lending Conditions During the Pandemic

FEDS Notes No. 2021-10-15-2
Posted: 04 Nov 2021
David Bodovski, Hannah Firestone, Seung Jung Lee and Viktors Stebunovs
Independent, Independent, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 0 (1,346,207)

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18.

The U.S. Syndicated Term Loan Market: Who Holds What and When?

FEDS Notes No. 2019-11-25
Posted: 19 Dec 2019 Last Revised: 16 Sep 2020
Seung Jung Lee, Dan Li, Ralf Meisenzahl and Martin Sicilian
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Stanford University

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19.

The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Quantitative Exploration

FEDS Notes No. 2018-10-12-3
Posted: 10 Oct 2018 Last Revised: 02 Oct 2020
Elena Afanasyeva, Seung Jung Lee, Michele Modugno and Francisco Palomino
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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20.

The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation

FEDS Notes No. 2018-10-12-2
Posted: 10 Oct 2018 Last Revised: 02 Oct 2020
Elena Afanasyeva, Seung Jung Lee, Michele Modugno and Francisco Palomino
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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21.

Mapping Heat in the U.S. Financial System: A Summary

FEDS Notes No. 2015-08-05 https://doi.org/10.17016/2380-7172.1574
Posted: 24 Oct 2015
David Aikman, Michael T. Kiley, Seung Jung Lee, Michael Palumbo and Missaka Warusawitharana
Bank of England - Monetary Assessment and Strategy Division, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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