Julapa Jagtiani is a Senior Economist at the Federal Reserve Bank of Kansas City. Prior to moving to Kansas City, she was a Senior Economist at the Federal Reserve Bank of Chicago (1998-2001) and Associate Professor in Finance at the City University of New York (1994-1997), Syracuse University (1990-1994) and University of Calgary (1989-1990). She has also taught at the New York University Stern School of Business (1989).

Julapa was awarded the Rockefeller Foundation Fellowship for her graduate studies (1980-1986), and received her MBA (Finance) and Ph.D. (Finance & International Business) from New York University Stern School of Business. She has published her research in several finance and economic journals, including Journal of Financial Economics, Journal of Financial Services Research, Journal of Money, Credit, and Banking, and Journal of Banking and Finance.

Publications in professional journals and books

"The Role of Bank Advisors in Mergers and Acquisitions," with A. Saunders, L. Allen, and S. Peristiani, Journal of Money, Credit, and Banking, April 2004.

"The Impact of Supervisory Disclosure on the Supervisory Process," with R. Feldman and J. Schmidt, in Market Discipline In Banking: Theory and Evidence, G. Kaufman, ed., Elsevier, 2003.

"Merger Advisory Fees and Choice of Merger Advisors," with W.C. Hunter, Review of Financial Economics, Volume 12, 2003.

"The Impact of Credit Risk on Bank and BHC Bond Yields: Evidence from the post-FDICIA Period," with G. Kaufman and C. Lemieux, Journal of Financial Research, December 2002.

"Looking for Trouble: Early Detection of Inadequate Capitalization of U.S. Commercial Banks," with J. Kolari and C. Lemieux, International Company and Commerce Law Review, July 2002.

"Further Evidence on the Information Content of Bank Examination Ratings: A Study of BHC-to-FHC Conversion Applications," with L. Allen and J. Moser, Journal of Financial Services Research, October/December 2001.

"Market Discipline Prior to Bank Failure," with C. Lemieux, Journal of Economics and Business, March/June 2001.

"The Risk Effects of Combining Banking, Securities, and Insurance Activities," with L. Allen, Journal of Economics and Business, November/December 2000.

"Risk and Market Segmentation in Financial Intermediaries' Returns," Journal of Financial Services Research, October/December 1997.

"Interest Rate Risk Subsidization in International Capital Standards," with L. Allen and Y. Landskroner, Journal of Economics and Business, 1996.

"Scale and Scope Economies at Large Banks: Including Off-Balance Sheet Products and Regulatory Effects," with A. Khanthavit, Journal of Banking and Finance, August 1996.

"Characteristics of Banks That Are More Active in the Swap Market," Journal of Financial Services Research, June 1996.

"Scale Economies and Cost Complementarities in Commercial Banks: On and Off-Balance Sheet Activities," with A. Nathan and G. Sick, Journal of Banking and Finance, October 1995.

"The Effect of Bank Capital Requirements on Bank Off-Balance Sheet Financial Innovations," with A. Saunders and G. Udell, Journal of Banking and Finance, June 1995.

"Foreign Ownership Restrictions and Premiums for International Investments: Some Evidence from the Thai Capital Market," with W. Bailey, Journal of Financial Economics, August 1994.

Federal Reserve Bank of Kansas City Research Working Papers

"Target's Corporate Governance and Bank Merger Payoffs," with Elijah Brewer III and William E. Jackson III, RWP 07-13 (PDF, 501K | Abstract)

"How Much Would Banks Be Wiling to Pay to Become "Too-Big-to-Fail" and to Capture Other Benefits?," with Elijah Brewer III, RWP 07-05 (PDF, 486K | Abstract)

Other Federal Reserve Publications

"Early Warning Models for Bank Supervision: Simpler Could Be Better," with J. Kolari and C. Lemieux, Economic Perspectives, Federal Reserve Bank of Chicago, September 2003.

"Do Markets React to Regulatory Information"" with J. Moser, Chicago Fed Letter, Federal Reserve Bank of Chicago, June 2001.

"The Price of Bank Mergers in the 1990s," with E. Brewer, W. Jackson, Economics Perspectives, Federal Reserve Bank of Chicago, March 2000.

Other Working Papers

"How Much Would A Bank Be Willing To Pay To Become Too-Big-To-Fail and Capture Other Subsidies?" with E. Brewer and K. Spong, November 2006.

"Impact of Independent Directors and the Regulatory Environment on Bank Merger Prices: Evidence from Takeover Activity in the 1990s," with E. Brewer and W. Jackson, October 2005.

"Use of Subordinated Debt in the Supervisory & Monitoring Process and To Enhance Market Discipline," with D. Evanoff, September 2004.

Biography	Research Working Papers
Curriculum vitae (PDF 66.1KB)	Other publications / related work
Publications in journals and books