Viktors Stebunovs

Board of Governors of the Federal Reserve System

Economist

20th and C Streets, NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

16

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CITATIONS
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6

Scholarly Papers (16)

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1.

Finance as a Barrier to Entry: U.S. Bank Deregulation and Business Cycle

Number of pages: 31 Posted: 25 Aug 2008
Viktors Stebunovs
Board of Governors of the Federal Reserve System
Downloads 303 (97,541)
Citation 3

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Business cycle volatility, Deregulation, Financial intermediaries, Producer entry

2.

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and After the Financial Crisis

Downloads 214 (139,329)
Citation 1

Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and After the Financial Crisis

Paolo Baffi Centre Research Paper No. 2011-99
Number of pages: 46 Posted: 12 Jul 2011
Morten L. Bech, Elizabeth Klee and Viktors Stebunovs
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 128 (218,032)
Citation 1

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Arbitrage, Liquidity and Exit: The Repo and Federal Funds Markets Before, During, and Emerging from the Financial Crisis

FEDS Working Paper No. 2012-21
Number of pages: 55 Posted: 10 May 2012 Last Revised: 23 May 2012
Elizabeth Klee, Viktors Stebunovs and Morten L. Bech
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures
Downloads 86 (288,165)
Citation 1

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Repurchase agreement, federal funds, financial crisis, monetary policy implementation, exit strategy

3.

Bank Capital Ratios and the Structure of Nonfinancial Industries

Downloads 143 (198,872)

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 57 (363,020)

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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 48 (393,136)

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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 38 (431,992)

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Bank capital ratios, bank capital regulation, nonfinancial firm dynamics

4.

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

Downloads 141 (201,062)

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
Bank for International Settlements (BIS), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 126 (220,594)

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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
Bank for International Settlements (BIS), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 15 (558,800)

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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

5.

Ownership and Asymmetric Information Problems in the Corporate Loan Market: Evidence from a Heteroskedastic Regression

Number of pages: 29 Posted: 01 Apr 2009 Last Revised: 15 May 2009
Viktors Stebunovs and Lewis Gaul
Board of Governors of the Federal Reserve System and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 118 (230,878)
Citation 1

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Bank Lending, Financial Intermediaries, Asymmetric Information, Adverse Selection, Moral Hazard

6.

Modeling Your Stress Away

Downloads 115 (235,272)

Modeling Your Stress Away

Number of pages: 28 Posted: 21 Dec 2017
Friederike Niepmann and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 87 (286,030)

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stress tests, financial institutions, credit risk models, regulation

Modeling Your Stress Away

FRB International Finance Discussion Paper No. 1232
Number of pages: 36 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Friederike Niepmann and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 28 (479,129)

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Stress tests, Financial institutions, Regulation, Credit risk models

Modeling Your Stress Away

CEPR Discussion Paper No. DP12624
Number of pages: 37 Posted: 22 Jan 2018 Last Revised: 30 Jul 2018
Friederike Niepmann and Viktors Stebunovs
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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credit risk models, financial institutions, regulation, stress tests

7.

The Anatomy of Financial Vulnerabilities and Crises

FRB 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, University of Chicago - Booth School of Business and Board of Governors of the Federal Reserve System
Downloads 78 (302,924)

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Credit-to-GDP gap, Crisis management, Financial vulnerabilities, Early warning system, Financial crises, Banking crises, Currency crises, Macroprudential policy

8.

International Dollar Flows

FRB International Finance Discussion Paper No. 1144
Number of pages: 42 Posted: 24 Sep 2015
Ayelen Banegas, Ruth Judson, Charles Sims and Viktors Stebunovs
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve - Division of International Finance, Federal Reserve Banks - Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 60 (348,829)

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capital flows, currency flows, U.S. banknotes, safe asset, emerging market economies, economic uncertainty, flight to quality, capital flight, money demand

9.

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 59 (351,681)
Citation 1

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

10.

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 58 (354,704)

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

11.

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

Downloads 54 (367,025)

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 54 (372,773)

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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

FRB International Finance Discussion Paper No. 1188
Posted: 15 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

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Syndicated loans, Risk taking, Monetary policy, International spillovers

12.

The Domestic and International Effects of Interstate U.S. Banking

Downloads 30 (456,652)

The Domestic and International Effects of Interstate U.S. Banking

FRB International Finance Discussion Paper No. 1111
Number of pages: 47 Posted: 10 Sep 2014
Matteo Cacciatore, Fabio Pietro Ghironi and Viktors Stebunovs
HEC Montreal, University of Washington and Board of Governors of the Federal Reserve System
Downloads 18 (539,666)

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Business cycle volatility, current account, deregulation, interstate banking, producer entry, real exchange rate

The Domestic and International Effects of Interstate U.S. Banking

NBER Working Paper No. w16613
Number of pages: 68 Posted: 18 Dec 2010
Fabio Pietro Ghironi and Viktors Stebunovs
University of Washington and Board of Governors of the Federal Reserve System
Downloads 12 (578,244)

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13.

Financial Institutions' Business Models and the Global Transmission of Monetary Policy

Banco de Espana Working Paper No. 1815
Number of pages: 39 Posted: 07 Jun 2018
Isabel Argimón, Clemens Bonner, Ricardo Correa, Patty Duijm, Jon Frost, Jakob de Haan, Leo de Haan and Viktors Stebunovs
Banco de España, De Nederlandsche Bank, Board of Governors of the Federal Reserve System, De Nederlandsche Bank, Bank for International Settlements (BIS) - Financial Stability Board (FSB), University of Groningen - Faculty of Economics and Business, De Nederlandsche Bank and Board of Governors of the Federal Reserve System
Downloads 26 (476,539)

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monetary policy transmission, global financial institutions, bank lending channel, portfolio channel, business models.

14.

Financial Institutions’ Business Models and the Global Transmission of Monetary Policy

FRB International Finance Discussion Paper No. 1228
Number of pages: 42 Posted: 15 Jun 2018 Last Revised: 21 Feb 2019
Isabel Argimón, Clemens Bonner, Ricardo Correa, Patty Duijm, Jon Frost, Jakob de Haan, Leo de Haan and Viktors Stebunovs
Banco de España, De Nederlandsche Bank, Board of Governors of the Federal Reserve System, De Nederlandsche Bank, Bank for International Settlements (BIS) - Financial Stability Board (FSB), University of Groningen - Faculty of Economics and Business, International Institute of Social Studies of Erasmus University and Board of Governors of the Federal Reserve System
Downloads 19 (515,348)

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Monetary policy transmission, Global financial institutions, Bank lending channel, Portfolio channel, Business models

15.

Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment

FRB International Finance Discussion Paper No. 1161
Number of pages: 51 Posted: 04 May 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 16 (532,417)

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

16.

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 13 (549,768)

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syndicated loans, risk taking, monetary policy, international spillovers