Supervision, Regulation & Credit
michal.kowalik@bos.frb.org
Biography
Michal Kowalik is a Financial Economist at the Federal Reserve Bank of Boston. His current research focuses on banking and finance with a broad range of topics such as bank capital and liquidity requirements, bank lending, mergers and acquisitions in banking as well as entrepreneurial finance. He is also an Associate Editor at the Journal of Money, Credit and Banking.
He earned Diplomas in Economics from the Universityof Mannheim and Warsaw School of Economics, and received a Ph.D. in Economics from the University of Mannheim in 2009.
Work Experience
Federal Reserve Bank of Boston
Financial Economist, 2014-
Federal Reserve Bank of Kansas City
Economist, 2009-2014
Education
Ph.D. in Economics, the University of Mannheim, 2009
Diploma in Economics, the University of Mannheim, 2004
Diploma in Economics, the Warsaw School of Economics, 2004
Publications
"Endogenizing the Scope of the Stigma of Failure," with Kerstin Gerling and Heiner Schumacher. The B.E. Journal of Economic Analysis and Policy, forthcoming.
"A Theory of Failed Bank Resolution: Technological Change and Political Economics," with Robert DeYoung and Jack Reidhill. Journal of Financial Stability vol. 9 no. 4 (2013): 612-627.
Working papers
"Bank Capital Regulation and Secondary Markets for Bank Assets"
"Can Small Banks Survive Competition from Large Banks?"
"The Creditworthiness of the Poor. A Model of the Grameen Bank," with David Martinez-Miera.
"To Sell or to Borrow?"
Policy-related Work
"Countercyclical Capital Regulation: Should Bank Regulators Use Rules or Discretion?" Federal Reserve Bank of Kansas City Economic Review, Q2 2011.
"Basel Liquidity Regulation: Was It Improved with the 2013 Revisions?"Federal Reserve Bank of Kansas City Economic Review, Q2 2013.
"Bank Consolidation and Merger Activity Following the Crisis," with Troy Davig, Charles S. Morris, and Kristen Regehr. Federal Reserve Bank of Kansas City Economic Review, Q1 2015.