Judit Temesvary earned her Ph.D. in economics from Cornell University. Her research focuses on applied macroeconomics, more specifically the relationship between the macro-economy and financial institutions’ activities, with a special interest in commercial banks; banks’ global lending activities and their effects on national economies; the international transmission of monetary policy through global banks; how national and global bank regulations can influence the behavior and macroeconomic effects of banks, and how and why banks' lending rates differ by currency and across countries. Temesvary teaches courses on macroeconomics, and financial institutions and financial crises.
ECON 102 (Issues in Macro)
ECON 285 (Macroeconomic Theory)
ECON 336 (Banks and the Economy)
ECON 454 (Global Financial Crises)
ECON 560 (Research Seminar - Spring 2016)
Publications and Work in Progress:
“Dynamic Branching and Interest Rate Competition of Commercial Banks: Evidence from Hungary,” International Journal of Industrial Organization 56 (November 2015), 98-110.
“The Determinants of U.S. Banks’ International Activities,” Journal of Banking and Finance 44 (July 2014), 233-247.
“Foreign Activities of U.S. Banks since 1997: The Roles of Regulations and Market Conditions in Crises and Normal Times,” Journal of International Money and Finance 56 (September 2015), 202-222.
“The Drivers of Foreign Currency-based Banking in Central and Eastern Europe,” forthcoming in the Economics of Transition.
“Country characteristics in foreign bank investment and risk taking: The role of shared culture, common institutions and geographic proximity” (with Ann Owen), International Finance 18(2) (Summer 2015), 227-248. (online appendix)
“Heterogeneity in the Growth and Finance Relationship: How does the Impact of Bank Finance Vary by Country and Type of Lending?” (with Ann Owen), International Review of Economics and Finance 31 (May 2014), 275-288.
“Signal Extraction and Hyperinflations with a Responsive Monetary Policy,” IEHAS Discussion Papers No. 705, Institute of Economics, Hungarian Academy of Sciences, Budapest, Hungary, October 2007.
Work in Progress:
"The Transmission of Foreign Monetary Policy Shocks into the United States through Foreign Banks," Working Paper, (October 2015).
"A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross-border and Affiliate Lending by Global U.S. Banks?" (with Steven Ongena and Ann Owen), Working Paper, (September 2015).
“The Role of Regulatory Arbitrage in U.S. Banks’ International Lending Flows: Bank-level Evidence”, Working Paper, Hamilton College and Cornell University (July 2015).
“The Drivers of Foreign Bank Lending in Central and Eastern Europe: the Roles of Parent, Subsidiary and Host Market Traits,” (with Adam Banai), Working Paper (September 2015).
“Women in Leadership Roles at U.S. Banks: How Does the Election of Female CEOs and Board Members affect the Performance and Depositor Monitoring of Financial Institutions?,” Working Paper (October 2015)
Review of “Financial Crises: 1929 to the Present” by Sarah Hsu. Journal of Economic Literature, March 2014.
Last updated: 11/6/2015