Joao Santos

Joao Santos

Vice President and Function Head
Financial Intermediation Function
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Phone (212) 720-5583
Fax (212) 720-8363
joao.santos@ny.frb.org

Publications

The Rise of the Originate-to-Distribute Model and the Role of Banks in Financial Intermediation
With Vitaly M. Bord
Federal Reserve Bank of New York Economic Policy Review, July 2012, Volume 18, Number 2

Bank loan pricing following the subprime crisis
Review of Financial Studies, Forthcoming
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Systemic risk and deposit insurance premiums
With Viral Achary and Tanju Yorulmazer
Federal Reserve Bank of New York Economic Policy Review, Forthcoming
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What Is China's Capital Seeking in a Global Environment?
With Titan Alon and Galina Hale
Federal Reserve Bank of San Francisco Economic Letter, March 22, 2010

Has the US bond market lost its edge to the Eurobond market?
With Stavros Peristiani
International Review of Finance, 10(2), 149-183, 2010
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Do Markets Discipline All Banks Equally?
Journal of Financial Economic Policy, 1(1), 107-123, 2009
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Has the CDS market lowered the cost of debt to firms?
With Adam Ashcraft
Journal of Monetary Economics,56(4), 514-523, 2009
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Is the secondary loan market valuable to borrowers?
With Peter Nigro
The Quarterly Review of Economics and Finance, 49, 1410-1428, 2009
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Do Banks Price their Informational Monopoly?
With Galina Hale
Journal of Financial Economics, 93, 185-206, 2009
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The Cost of Barriers to Entry: Evidence from the Market for Corporate Euro Bond Underwriting
With Kostas Tsatsaronis
Cadernos do Mercado de Valores Mobiliarios, 24, 34-63, 2006 (Special issue of CMVM 15th anniversary)
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Optimal Supervisory Policies and Depositor-Preference Laws
With Henri Pages
Icfai Journal of Banking Law,April, 19-45, 2004
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The Decision to access the Public Bond Market: The role of Reputation, Funding Choices and Lending Relationships
With Galina Hale
Journal of Banking and Finance,32, 2008
1928-1940
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Bank loans, bonds, and information monopolies across the business cycle
With Andrew Winton
Journal of Finance 63(3), 2008
1315-1359
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Trends in Financial Market Concentration and their Implications for Market Stability
With Nicola Cetorelli, Beverly Hirtle, Donald Morgan, and Stavros Peristiani
Federal Reserve Bank of New York Economic Review13(1), 2007
33-51
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Who Should Act as Lender of Last Resort? An Incomplete Contracts Model: A Comment
With Charlie Kahn
Journal of Money Credit and Banking38(4), 2006
1111-1118

Insuring Banks Against Liquidity Shocks: The Role of Deposit Insurance and Lending of Last Resort
Journal of Economic Surveys20(3), 2006
459-482
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Identifying the Effect of Managerial Control on Firm Performance
With Renee B. Adams
Journal of Accounting and Economics41, 2006
55-85
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Why Firm Access to the Bond Market Differs over the Business Cycle: A Theory and Some Evidence
Journal of Banking and Finance30(10), 2006
2715-2736
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The American Keiretsu and Universal Banks: Investing, Voting and Sitting on Nonfinancials Corporate Boards
With Adrienne Rumble
Journal of Financial Economics80, 2006
419-454
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Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision
With Charlie Kahn
European Economic Review49(8), 2005
2107-2136
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Banking and Commerce: A Liquidity Approach
With Joseph Haubrich
Journal of Banking and Finance29(2), 2005
271-294
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Allocating the Lender of Last Resort and Supervision in the Euro Area
With Charlie Kahn
Monetary Union: Why, How, and What Follows?V. Alexander, J. Melitz and G. M. von Furstenberg eds., chapter 19, Oxford University Press, London
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Alternative Forms of Mixing Banking with Commerce: Evidence from American History
With Joseph Haubrich
Financial Markets, Institutions and Instruments, 12(2), 2003
121-164
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The Paradox of Priority
With Stanley Longhofer
Financial Management 32(1), 2003
69-81
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Switching from Single to Multiple Bank-Lending Relationships: Determinants and Implications
With Luisa Farinha
Journal of Financial Intermediation,11 (2), 2002
124-151
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O Euro e o Sistema Financeiro da Zona Euro
Cadernos do Mercado de Valores Mobiliarios, 10, 2001
119-134

The Regulation of Bank Capital: A Review of the Theoretical Literature
Financial Markets, Institutions and Instruments,10(2), 2001
41-84
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Bank of England in Central Banking Theory
International Encyclopedia of Business and Management,2nd edition, volume 1, Accounting to Coase, Malcolm Warner ed, Thomson Learning, London, 2001
342-352

The Importance of Bank Seniority for Relationship Lending
With Stanley Longhofer
Journal of Financial Intermediation, 9, 2000
57-89
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Comments on "Restructuring Bank Regulation: Conflicts of Interest, Stability, and Universal Banking" (by Randall S. Kroszner) and on "Capital Regulation and Depository Institutions," (by Cara S. Lown, Stavros Peristiani and Kenneth J. Bobinson)
Restructuring Regulation and Financial Institutions,James R. Barth, R. D. Brumbaugh & Glenn Yago eds., Milken Institute Press, Santa Monica, California, 2000
87-95

Bank Capital and Equity Investment Regulations
Journal of Banking and Finance,23(7), 1999
1095-1120

Banking and Commerce: How does the United States Compare to other Countries?PDFOFFSITE
Federal Reserve Bank of Cleveland Economic Review,34(4), 14-26, 1998
13 pages / 89 kb

Commercial Banks in the Securities Business: A Review
Journal of Financial Services Research,14(1), 35-59, 1998
See also ››
Reprinted in Chinese in the Investment Order Review 1(2), (Explorations into the Evolution of Financial Systems), 165-195

Securities Activities in Banking Conglomerates: Should Their Location Be Regulated?
Cato Journal,18(1), 1998
93-117

The Dynamics of the Banking Consolidation Impact on Small Business Lending
With Ben Craig
Proceedings to the Bank Structure Conference of the Federal Reserve Bank of Chicago, 1998
569-588

Debt and Equity as Optimal Contracts
Journal of Corporate Finance,3, 1997
355-366

The Risk Effects of Bank AcquisitionsOFFSITEPDF
With Ben R. Craig
Federal Reserve Bank of Cleveland Economic Review,33(2), 25-35, 1997
11 pages / 93 kb

The Dark Side of LiquidityOFFSITEPDF
With Joseph H. Haubrich
Federal Reserve Bank of Cleveland Economic Commentary,September 15, 1997

Glass Steagall and the Regulatory DialecticOFFSITE
Federal Reserve Bank of Cleveland Economic Commentary, February 15, 1996
See also ››
Reprinted in the 1997, Readings to accompany The Economics of Money, Banking, and Financial Markets, 4th edition, James W. Eaton & Frederic S. Miskin eds., Addison-Wesley, Massachusetts, reading 20, 155-162

Joao Santos's CVPDFThe views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.