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

40

DOWNLOADS
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Top 4,881

in Total Papers Downloads

10,570

SSRN CITATIONS
Rank 1,519

SSRN RANKINGS

Top 1,519

in Total Papers Citations

383

CROSSREF CITATIONS

454

Scholarly Papers (40)

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 641 (50,189)
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 199 (187,135)

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

2.

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 823 (36,326)
Citation 37

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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 603 (54,395)
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 108 (307,281)

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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 83 (365,006)

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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 475 (73,367)
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 238 (157,573)
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
Paul Wachtel and Mingming Zhou
New York University - Stern School of Business and University of Colorado, Colorado Springs - College of Business
Downloads 75 (387,614)

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5.
Downloads 732 ( 42,644)
Citation 6

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 732 (42,043)
Citation 6

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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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6.
Downloads 644 ( 50,551)
Citation 3

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 330 (112,138)
Citation 7

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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 314 (118,315)
Citation 3

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

7.
Downloads 582 ( 57,586)
Citation 55

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), Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 549 (61,265)
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), Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 33 (560,217)
Citation 21

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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 459 (76,545)

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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 116 (292,127)

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Bretton Woods, exchange rate regimes, IMF, current account

9.
Downloads 474 ( 74,256)
Citation 4

Risk Taking by Banks in the Transition Countries

Number of pages: 20 Posted: 21 Dec 2006
Rainer F. H. Haselmann and Paul Wachtel
Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 274 (136,789)
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 Leibniz Institute for Financial Research SAFE
Downloads 136 (259,373)

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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 Leibniz Institute for Financial Research SAFE
Downloads 64 (422,899)

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10.
Downloads 469 ( 75,293)

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 431 (82,493)

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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 30 (577,936)

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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 8 (745,755)

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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
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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 231 (162,188)
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 184 (200,781)
Citation 49

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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 (788,723)
Citation 4
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12.
Downloads 398 ( 91,284)
Citation 6

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
Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 336 (109,964)
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 Leibniz Institute for Financial Research SAFE
Downloads 62 (429,961)

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law and finance, bank lending, loan portfolio, collateral

Syndicated Loans, Foreign Banking and Capital Market Development

Number of pages: 24 Posted: 16 Jul 2009
Rainer F. H. Haselmann and Paul Wachtel
Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 253 (148,432)
Citation 2

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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
Leibniz Institute for Financial Research SAFE and New York University - Stern School of Business
Downloads 92 (342,057)
Citation 2

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syndicated loans, financial market development, foreign banking

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 241 (155,659)
Citation 1

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

Financial Market Responses to Monetary Policy Changes in the 1990s

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 (321,866)
Citation 1
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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 326 (113,681)

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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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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 272 (137,776)
Citation 28

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capital markets, financial sector, privatization, transition economies

Financial Sector Development in Transition Economies: Lessons from the First Decade

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 (640,788)
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17.
Downloads 257 (146,680)
Citation 20

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 257 (146,120)
Citation 20

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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 81 (370,416)

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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 60 (437,305)
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 24 (618,719)

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19.

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 150 (238,817)
Citation 9

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

20.

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 130 (267,399)
Citation 4

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

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 Apr 2021
Columbia University - Columbia Business School, Goldman, Sachs & Co. and New York University - Stern School of Business
Downloads 106 (309,504)

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22.

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, affiliation not provided to SSRN and New York University - Stern School of Business
Downloads 93 (337,061)
Citation 5

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institutions, China, stock price synchronicity

23.

Current Account Sustainability in Transition Economies

NBER Working Paper No. w6468
Number of pages: 72 Posted: 07 Aug 2000 Last Revised: 06 Mar 2021
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 81 (366,807)

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24.

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 76 (380,492)
Citation 1

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25.

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 72 (392,161)
Citation 4

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Beige Book, Tone

26.

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 68 (404,455)
Citation 1

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27.

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 67 (407,656)

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

28.

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 67 (407,656)
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 60 (431,108)

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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, Leibniz Institute for Financial Research SAFE and University of Bonn - Economic Science Area
Downloads 59 (434,724)

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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 54 (452,925)

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32.

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 52 (460,493)

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

33.

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 44 (493,647)

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34.

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 36 (531,113)

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35.

Loan Commitments and Monetary Policy

NBER Working Paper No. w2232
Number of pages: 33 Posted: 23 Mar 2007 Last Revised: 07 Feb 2021
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 32 (552,023)
Citation 2

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36.

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 2021
Thomas Urich and Paul Wachtel
Santa Clara University and New York University - Stern School of Business
Downloads 30 (563,095)

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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: 16 May 2021
Martin Evans and Paul Wachtel
Independent and New York University - Stern School of Business
Downloads 26 (587,483)
Citation 1

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38.

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 Duke University - Department of Economics
Downloads 1 (776,966)
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Transition, political economy, banking reform, survey data

39.

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, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 1 (776,966)
Citation 4
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Banking Crisis, Credit Booms, crisis prediction, macroprudential policy

40.

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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