Rajdeep Sengupta

Senior Economist

Banking Research Kansas City

Rajdeep.Sengupta@kc.frb.org

Rajdeep Sengupta is a senior economist at the Federal Reserve Bank of Kansas City. He joined the Kansas City Fed in July 2013. His research areas are banking, financial intermediation and applied microeconomics. His most recent work focuses on lender competition and the subprime mortgage market. He received his Ph.D. from Vanderbilt University in 2006 and was an economist at the Federal Reserve Bank of St. Louis.

Professional Journals and Books

Economic Review Articles

Research Working Papers

Economic Bulletin

"Foreign Entry and Bank Competition" Journal of Financial Economics, May 2007, 84(2), pp. 502-28
"Subprime Mortgage Design" with Geetesh Bhardwaj, Journal of Banking and Finance, May 2012, 36(5), pp. 1503-19
"Lending to Uncreditworthy Borrowers" Journal of Financial Intermediation, January 2014, 23(1), pp. 101-128
"Subprime Cohorts and Loan Performance" with Geetesh Bhardwaj, Journal of Banking and Finance, April 2014, 41(2), pp. 236-252
"Credit Scoring and Loan Default" with Geetesh Bhardwaj, International Review of Finance, June 2015, 15(2), pp. 139-167
“Bank Competition and Risk-Taking Under Market Integration” with Kaniṣka Dam, Management Science, December 2024, available online External Linkhttps://doi.org/10.1287/mnsc.2022.03495

"Why Do Net Interest Margins Behave Differently across Banks as Interest Rates Rise?" with Brendan Laliberte, 2024
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"Do Net Interest Margins for Small and Large Banks Vary Differently with Interest Rates?" with Fei Xue, 2022
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"Did Local Factors Contribute to the Decline in Bank Branches?" with Jacob Dice, 2019
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"Do Adverse Oil Price Shocks Change Loan Contract Terms for Energy Firms?" with W. Blake Marsh and David Rodziewicz, 2017
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"Has the Relationship between Bank Size and Profitability Changed?" with Kristen Regehr, 2016
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"The Effect of Risk and Organizational Structures on Bank Capital Ratios" with Eric W. Hogue, 2014
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"Examining the Financial Accelerator: Bank Responses to the 2014 Oil Price Shock" with W. Blake Marsh and David Rodziewicz, 2024
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"Does Risk-Taking Increase or Decrease with Higher Interest Rates?" with Kaniska Dam, 2024
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"Financing Modes and Lender Monitoring" with Arturo Antón and Kaniska Dam, 2023
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"Bank Competition and Risk-Taking under Market Integration" with Kaniska Dam, 2020
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"Competition and Bank Fragility" with W. Blake Marsh, 2017
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"Raising Capital When the Going Gets Tough: U.S. Bank Equity Issuance from 2001 to 2014" with Lamont Black and Ioannis Floros, 2017
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"Sectoral Loan Concentration and Bank Performance (2001–2014)" with Kristen Regehr and Kristen Regehr, 2016
"Credit Scoring and Loan Default", 2015

"Bank Funding and FHLB Advances" with Joshua A. Jacobs, 2025
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"The Changing Investor Composition of U.S. Treasuries, Part 2: Who’s Buying U.S. Treasuries?" with Joshua A. Jacobs, 2025
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"Considerations for the Longer-Run Maturity Composition of the Federal Reserve’s Treasury Portfolio" with A. Lee Smith, 2024
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"Is Bank Capital Regulation Driving Continued Use of the Overnight Reverse Repurchase (ON RRP) Facility?" with W. Blake Marsh, 2022
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"Assessing Market Conditions ahead of Quantitative Tightening" with A. Lee Smith, 2022
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"Bank Profitability Rebounds despite Compressed Interest Margins" with Adam Byrdak, 2021
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"The Global Pandemic and Run on Shadow Banks" with Fei Xue, 2020
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"How Have Banks Responded to Declining Reserve Balances?" with W. Blake Marsh, 2019
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Jackson Hole Economic Policy Symposium