Carroll School of Management
324B Fulton Hall
Chestnut Hill, MA 02467
NBER Program Affiliations:
NBER Affiliation: Research Associate
Institutional Affiliation: Boston College
NBER Working Papers and Publications
|May 2020||Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis|
with Lei Li, Song Zhang: w27256
|March 2020||Bank Stress Testing: Public Interest or Regulatory Capture?|
with Thomas Ian Schneider, Jun Yang: w26887
|August 2019||Deposit Market Power, Funding Stability and Long-Term Credit|
with Lei Li, Elena Loutskina: w26163
|March 2018||Stress Tests and Small Business Lending|
with Kristle Cortés, Yuliya Demyanyk, Lei Li, Elena Loutskina: w24365
Published: Kristle R. Cortés & Yuliya Demyanyk & Lei Li & Elena Loutskina & Philip E. Strahan, 2019. "Stress Tests and Small Business Lending," Journal of Financial Economics, .
|June 2017||Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation in Italy|
with Raffaele Santioni, Fabio Schiantarelli: w23541
|February 2017||Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short-Term Debt|
with Felipe Restrepo, Lina Cardona Sosa: w23179
Published: FELIPE RESTREPO & LINA CARDONA‐SOSA & PHILIP E. STRAHAN, 2019. "Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short‐Term Debt," The Journal of Finance, vol 74(6), pages 2875-2914.
|February 2016||Bank Quality, Judicial Efficiency and Borrower Runs: Loan Repayment Delays in Italy|
with Fabio Schiantarelli, Massimiliano Stacchini: w22034
|December 2015||Voter Preferences and Political Change: Evidence from Shale Booms|
with Viktar Fedaseyeu, Erik Gilje: w21789
|June 2014||Regulation and Deregulation of the U.S. Banking Industry: Causes, Consequences, and Implications for the Future|
with Randall S. Kroszner
in Economic Regulation and Its Reform: What Have We Learned?, Nancy L. Rose, editor
|September 2013||Exporting Liquidity: Branch Banking and Financial Integration|
with Erik Gilje, Elena Loutskina: w19403
Published: "Exporting Liquidity: Branch Banking and Financial Integration," Journal of Finance, Volume 71, Issue 3, June 2016, Pages: 1159–1184.
|July 2011||Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-backed Securities|
with Jie (Jack) He, Jun 'QJ' Qian: w17238
Published: A RE ALL R ATINGS C REATED E QUAL ? T HE I MPACT OF I SSUER S IZE ON THE P RICING OF M ORTGAGE -B ACKED S ECURITIES , 2012, Journal of Finance 67(6), 2097-2138, with Jie He and Jun Qian.
|September 2009||Hedge Funds as Liquidity Providers: Evidence from the Lehman Bankruptcy|
with George O. Aragon: w15336
Published: H EDGE F UNDS AS L IQUIDITY P ROVIDERS : E VIDENCE FROM THE L EHMAN B ANKRUPTCY , 2012, Journal of Financial Economics 103(3), 570-87, with George O. Aragon.
|April 2009||Do Regulations Based on Credit Ratings Affect a Firm's Cost of Capital?|
with Darren J. Kisgen: w14890
Published: Do Regulations Based on Credit Ratings Affect a Firm's Cost of Capital? Authors: Kisgen, Darren J.; Strahan, Philip E. Source: Review of Financial Studies, 18 December 2010, vol. 23, no. 12, pp. 4324-4347(24)
|February 2008||Liquidity Production in 21st Century Banking|
|Liquidity Risk and Syndicate Structure|
with Evan Gatev: w13802
Published: Gatev, Evan & Strahan, Philip E., 2009. "Liquidity risk and syndicate structure," Journal of Financial Economics, Elsevier, vol. 93(3), pages 490-504, September.
|January 2007||How Do Banks Manage Liquidity Risk? Evidence from the Equity and Deposit Markets in the Fall of 1998 |
with Evan Gatev, Til Schuermann
in The Risks of Financial Institutions, Mark Carey and René M. Stulz, editors
|May 2006||Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions|
with Evan Gatev, Til Schuermann: w12234
Published: Evan Gatev & Til Schuermann & Philip E. Strahan, 2009. "Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 22(3), pages 995-1020, March. citation courtesy of
|January 2006||Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Acceptance Rates|
with Elena Loutskina: w11983
Published: Loutskina Elena and Philip E. Strahan. "SECURITIZATION AND THE DECLINING IMPACT OF BANK FINANCIAL CONDITION ON LOAN SUPPLY: EVIDENCE FROM MORTGAGE ORIGINATIONS." Journal of Finance 64, 2 (2009): 861-922.
|January 2005||How Law and Institutions Shape Financial Contracts: The Case of Bank Loans|
with Jun Qian: w11052
Published: Qian, Jun and Philip Strahan. "HOW LAWS AND INSTITUTIONS SHAPE FINANCIAL CONTRACTS: THE CASE OF BANK LOANS." Journal of Finance 62, 6 (2007): 2803-34. citation courtesy of
|December 2004||How do Banks Manage Liquidity Risk? Evidence from Equity and Deposit Markets in the Fall of 1998|
with Evan Gatev, Til Schuermann: w10982
Published: Carey, Mark and René Stulz (eds.) Risks of Financial Institutions. Chicago: NBER & University of Chicago Press, 2006.
|October 2004||Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets|
with Nicola Cetorelli: w10832
Published: Cetorelli, Nicola and Philip E. Strahan. "Finance As A Barrier To Entry: Bank Competition and Industry Structure In Local U.S. Markets," Journal of Finance, 2006, v61(1,Feb), 437-461. citation courtesy of
|September 2003||Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market|
with Evan Gatev: w9956
Published: Gatev, Evan and Philip E. Strahan. "Banks' Advantage In Hedging Liquidity Risk: Theory and Evidence From The Commercial Paper Market," Journal of Finance, 2006, v61(2,Apr), 867-892.
|May 2003||Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries|
with Donald Morgan: w9710
Published: Donald P. Morgan & Philip E. Strahan, 2004.
"Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries,"
Central Banking, Analysis, and Economic Policies Book Series,
in: Luis Antonio Ahumada & J. Rodrigo Fuentes & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Banking Market Structure and Monetary Policy, edition 1, volume 7, chapter 8, pages 241-270
Central Bank of Chile.
|Bank Integration and State Business Cycles|
with Donald Morgan, Bertrand Rime: w9704
Published: Morgan, Donald P., Bertrand Rime and Philip E. Strahan. "Bank Integration And State Business Cycles," Quarterly Journal of Economics, 2004, v119(4,Nov), 1555-1584. citation courtesy of
|December 2001||Throwing Good Money After Bad? Board Connections and Conflicts in Bank Lending|
with Randall S. Kroszner: w8694
|January 2001||Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms|
with Randall S. Kroszner
in Prudential Supervision: What Works and What Doesn't, Frederic S. Mishkin, editor
|March 2000||Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms|
with Randall S. Kroszner: w7582
|August 1999||Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability|
with Randall S. Kroszner: w7319
Published: Kroszner, Randall S. & Strahan, Philip E., 2001. "Bankers on boards: *1: monitoring, conflicts of interest, and lender liability," Journal of Financial Economics, Elsevier, vol. 62(3), pages 415-452, December.
|January 1999||What Will Technology Do to Financial Structure?|
with Fredric S. Mishkin: w6892
Published: Litan, Robert and Anthony Santomero (eds.) Brookings-Wharton Papers on Financial Services. Brookings Institution Press, 1999.
|July 1998||What Drives Deregulation? Economics and Politics of the Relaxation of Bank Branching Restrictions|
with Randall S. Kroszner: w6637
Published: Quarterly Journal of Economics (November 1999): 1437-1467.