Raluca A. Roman is an economist at the Federal Reserve Bank of Kansas City. She joined the Banking Research department in June 2015, following the completion of her Ph.D. in Finance at University of South Carolina. Raluca also holds an M.B.A. with concentration in Finance from University of Bridgeport, and a B.A. in Economics from Alexandru Ioan Cuza University (Romania). Raluca's research areas include a variety of topics related to banking and financial institutions (including bank government bailouts, internationalization, and corporate governance) and corporate finance. She has presented her research and discussed the research of others at various regulatory and finance conferences, is a co-author of two articles in the Journal of Financial and Quantitative Analysis, one in Management Science, one in the Journal of Financial Intermediation, and a book chapter in the “Handbook of Finance and Development” and has received three awards for her papers at conferences. She also has over 7 years of professional experience in banking and corporate finance and worked for top international organizations like UBS Investment Bank and MasterCard International, where she won various awards.PDFCurriculum Vitae
Professional Journals and Books
- "Lending Implications of U.S. Bank Stress Tests: Costs or Benefits?"
with Viral V. Acharya and Allen N. Berger, Journal of Financial Intermediation (JFI), Forthcoming.
- "Did TARP Banks Get Competitive Advantages?"
with Allen N. Berger, Journal of Financial and Quantitative Analysis (JFQA), 2015, Vol. 50, No. 6, pp. 1199-1236.
- "Internationalization and Bank Risk"
with Allen N. Berger, Sadok El Ghoul, and Omrane Guedhami, Management Science (MS), 2017, Vol. 63, No. 7, pp. 2283-2301.
- "Did Saving Wall Street Really Save the Main Street? The Real Effects of TARP on Local Business Conditions"
with Allen N. Berger, Journal of Financial and Quantitative Analysis (JFQA), forthcoming.
- "Three Essays in Banking: Corporate Governance, Internationalization, and Government Bailouts"
Ph.D. Dissertation, University of South Carolina, Moore School of Business, 2015, 292 pages, 3704393.
- "Finance and the Real Economy: Evidence from the U.S."
with Allen N. Berger, Book Chapter in Handbook of Finance and Development (Editors: Thorsten Beck and Ross Levine), forthcoming.
Economic Review Articles
- PDF"Bank Financial Restatements and Market Discipline"
with W. Blake Marsh, Second Quarter 2018
- PDF"Enforcement Actions and Bank Loan Contracting"
Fourth Quarter 2016
Research Working Papers
- PDF"Do Bank Bailouts Reduce or Increase Systemic Risk? The Effects of TARP on Financial System Stability"
with Allen N. Berger and John Sedunov, RWP 16-08
- PDF"Did Saving Wall Street Really Save Main Street? The Real Effects of TARP on Local Economic Conditions"
with Allen N. Berger, RWP 15-13
- PDF"Did Bank Borrowers Benefit from the TARP Program? The Effects of TARP on Loan Contract Terms"
with Allen N. Berger and Tanakorn Makaew, RWP 15-11
- "PDFShareholder Activism in Banking"
- "PDFInternationalization and Bank Risk"
with Allen N. Berger, Sadok El Ghoul and Omrane Guedhami, RWP 15-08