
Simon Kwan
Senior Research Advisor
Financial Research
Financial economics, Supervision and regulation, Financial stability
CV (pdf, 220.2 kb)
Working Papers
The Transmission of Negative Nominal Interest Rates in Finland
2023-11 | with Ulate and Voutilainen | April 2023
abstract (+)Complexity of Global Banks and Their Foreign Operation in Hong Kong
2019-22 | with Ho and Tan | September 2019
abstract (+)Tracking Financial Fragility
2019-06 | with Giordani | February 2019
abstract (+)The International Transmission of Shocks through the Lens of Foreign Banks in Hong Kong
2014-25 | with Ho, Wong, and Hui | January 2023
abstract (+)Financial Crisis and Bank Lending
2010-11 | May 2010
abstract (+)Testing the Strong Form of Market Discipline: The Effects of Public Market Signals on Bank Risk
2004-19 | November 2004
abstract (+)Securities Activities by Commercial Banking Firms’ Section 20 Subsidiaries: Risk, Return, and Diversification Benefits
FRBSF WP1998-10 | October 1997
abstract (+)The Informativeness of Stochastic Frontier and Programming Frontier Efficiency Scores: Cost Efficiency and Other Measures of Bank Holding Company Performance
FRB Atlanta WP 1999-23 | with Eisenbeis and Ferrier | December 1999
abstract (+)Published Articles (Refereed Journals and Volumes)
The Impact of Reserves Practices on Bank Opacity
Forthcoming in Journal of Financial Management, Markets, and Institutions | with Iannotta
abstract (+)Financial Stability and the Resolution of Federal Reserve Goal and Implementation Conflicts
Journal of Financial Services Research 53, June 2018, 163-178 | with Eisenbeis and Wall
abstract (+)Data for Microprudential Supervision of U.S. Banks
In Handbook of Financial Data and Risk Information I: Principles and Context, ed. by Brose, Flood, Krishna, and Nichols | Cambridge University Press, 2013. Chapter 11 | with Flood and Leonova
The 2007-2009 Financial Crisis and Bank Opaqueness
Journal of Financial Intermediation 22, January 2013, 55-84 | with Flannery and Nimalendran
abstract (+)Financial Contracting and the Choice between Private Placement and Publicly Offered Bonds
Journal of Money, Credit and Banking 42(5), 2009, 907-929 | with Carleton
abstract (+)The X-efficiency of Commercial Banks in Hong Kong
Journal of Banking and Finance 30(4), April 2006, 1127-1147
abstract (+)Market Evidence on the Opaqueness of Banking Firms’ Assets
Journal of Financial Economics 71(3), March 2004, 419-460 | with Flannery and Nimalendran
abstract (+)Impact of Deposit Rate Deregulation in Hong Kong on the Market Value of Commercial Banks
Journal of Banking and Finance 27(12), December 2003, 2231-2248
abstract (+)Operating Performance of Banks among Asian Economies: An International and Time Series Comparison
Journal of Banking and Finance 27(3), March 2003, 471-489
abstract (+)Hidden Cost Reductions in Bank Mergers: Accounting for More Productive Banks
In Research in Finance, 19, ed. by Chen | London: Elsevier Press, 2002. 109-124 | with Wilcox
abstract (+)Financial Modernization and Regulation
Journal of Financial Services Research 16 (2/3), September 1999, 5-10 | with Furlong
Comments on ‘Trends in Organizational Form and Their Relationship to Performance: The Case of Foreign Securities Subsidiaries of U.S. Banking Organizations’
Journal of Financial Services Research 16(2/3), September 1999, 219-221
Bank Risk, Capitalization, and Operating Efficiency
Journal of Financial Services Research 12 (2/3), October 1997, 117-131 | with Eisenbeis
Firm-Specific Information and the Correlation between Individual Stocks and Bonds
Journal of Financial Economics 40(1), January 1996, 63-80
An Analysis of Inefficiencies in Banking
Journal of Banking and Finance 19(3-4), June 1995, 733-734 | with Eisenbeis
Re-examination of Interest Rate Sensitivity of Commercial Bank Stock Returns Using a Random Coefficient Model
Journal of Financial Services Research 5(1), March 1991, 61-76
Books
Handbook of Financial Data and Risk Information I: Data for microprudential supervision of US banks
2014 | Cambridge University Press | Kwan • Flood • Leonova
Financial Modernization and Regulation
2000 | Norwell, MA: Kluwer Academic Publishers | Editors • Eisenbeis • Furlong • Kwan
FRBSF Publications
Financial Market Conditions during Monetary Tightening
Economic Letter 2023-03 | February 6, 2023 | with L. Liu
Minority Banks during the COVID-19 Pandemic
Economic Letter 2021-20 | August 2, 2021 | with Friesenhahn
Resilience of Community Banks in the Time of COVID-19
Economic Letter 2021-06 | March 1, 2021
Risk of Business Insolvency during Coronavirus Crisis
Economic Letter 2020-30 | October 5, 2020 | with Friesenhahn
Market Assessment of COVID-19
Economic Letter 2020-14 | May 28, 2020 | with Mertens
Banks’ Real Estate Exposure and Resilience
Economic Letter 2019-10 | April 1, 2019
Assessing Expectations of Monetary Policy
Economic Letter 2014-27 | September 8, 2014 | with Christensen
Long Road to Normal for Bank Business Lending
Economic Letter 2014-23 | August 4, 2014
The Price of Stock and Bond Risk in Recoveries
Economic Letter 2013-23 | August 19, 2013
Capital Structure in Banking
Economic Letter 2009-37 | December 7, 2009
Behavior of Libor in the Current Financial Crisis
Economic Letter 2009-04 | January 23, 2009
On Forecasting Future Monetary Policy: Has Forward-Looking Language Mattered?
Economic Letter 2007-15 | June 15, 2007
Safe and Sound Banking, 20 Years Later
Economic Letter 2006-26 | October 6, 2006
Inflation Expectations: How the Market Speaks
Economic Letter 2005-25 | October 7, 2005
Gauging the Market’s Expectations about Monetary Policy
Economic Letter 2004-28 | October 8, 2004
Banking Consolidation
Economic Letter 2004-15 | June 18, 2004
The Present and Future of Pension Insurance
Economic Letter 2003-25 | August 29, 2003
Pension Accounting and Reported Earnings
Economic Letter 2003-19 | July 4, 2003
Underfunding of Private Pension Plans
Economic Letter 2003-16 | June 13, 2003
Bank Security Prices and Market Discipline
Economic Letter 2002-37 | December 20, 2002
The Promise and Limits of Market Discipline in Banking
Economic Letter 2002-36 | December 13, 2002
Deposit Insurance Reform–When Half a Loaf Is Better
Economic Letter 2002-14 | May 10, 2002 | with Furlong
Is There a Credit Crunch?
Economic Letter 2002-12 | April 26, 2002
Financial Modernization and Banking Theories
Economic Letter 2001-37 | December 21, 2001
Rising Junk Bond Yields: Liquidity or Credit Concerns?
Economic Letter 2001-33 | November 16, 2001
The Stock Market: What a Difference a Year Makes
Economic Letter 2001-17 | June 1, 2001
Has Bank Performance Peaked?
Economic Letter 2000-32 | October 27, 2000
Three Questions about New Economy Stocks
Economic Letter 2000-15 | May 12, 2000
Margin Requirements as a Policy Tool?
Economic Letter 2000-09 | March 24, 2000
Financial Modernization and Regulation
Economic Letter 1999-38 | December 31, 1999 | with Furlong
Rising Bank Risk?
Economic Letter 1999-32 | October 22, 1999 | with Furlong