Contact Information
202-452-2903
allen.n.berger@frb.gov

Fields of Interest
Banking and Financial Institutions
Industrial Organization
Financial Markets

Education
Ph.D., Economics, University of California at Berkeley, 1983
M.A., Economics, University of California at Berkeley, 1979
B.A., Economics, Northwestern University, 1976

Professional Experience
Board of Governors of the Federal Reserve System, 1982-present
Senior Fellow, Wharton Financial Institutions Center, University of Pennsylvania, 1993-present
Advisory Board member, Journal of Money, Credit, and Banking, 2001-present
Associate Editor, Journal of Financial Services Research, 1996-present
Editor, Oxford Handbook of Banking, Oxford University Press, 2008-present
Associate Editor, Journal of Financial Stability, 2003-present
Editor or Co-Editor, Journal of Money, Credit, and Banking, 1994-2001

Selected Publications

• ''Entry into Banking Markets and the Early-Mover Advantage'' (with Astrid A. Dick), Journal of Money, Credit, and Banking, vol. 39 (June 2007), pp. 775-807.
• ''Technological Progress and the Geographic Expansion of the Banking Industry'' (with Robert DeYoung), Journal of Money, Credit, and Banking, vol. 38 (September 2006), pp. 1483-1513.
• ''Competition from Large, Multimarket Firms and the Performance of Small, Single-Market Firms: Evidence from the Banking Industry'' (with Astrid Dick , Lawrence G. Goldberg, and Lawrence J. White), Journal of Money, Credit and Banking, vol. 39 (March 2007), pp. 331-368.
• ''Debt Maturity, Risk, and Asymmetric Information'' (with Marco A. Espinosa-Vega, W. Scott Frame, and Nathan H. Miller), Journal of Finance, vol. 60 (December 2005), pp. 2895-2923.
• ''Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks'' (with Nathan H. Miller, Mitchell A. Petersen, Raghuram G. Rajan, and others), Journal of Financial Economics, vol. 76 (May 2005), pp. 237-69.
• ''Credit Scoring and the Availability, Price, and Risk of Small Business Credit'' (with W. Scott Frame and Nathan H. Miller), Journal of Money, Credit, and Banking, vol. 37 (April 2005), pp. 191-222.
• ''The Dynamics of Market Entry: The Effects of Mergers and Acquisitions on Entry in the Banking Industry'' (with Seth D. Bonime, Lawrence G. Goldberg, and Lawrence J. White), Journal of Business, vol. 77 (October 2004), pp. 797-834.
• ''The Economic Effects of Technological Progress: Evidence from the Banking Industry,'' Journal of Money, Credit, and Banking, vol. 35 (April 2003), pp. 141-76.
• ''The Effects of Bank Mergers and Acquisitions on Small Business Lending'' (with Anthony Saunders, Joseph M. Scalise, and Gregory F. Udell), Journal of Financial Economics, vol. 50 (November 1998), pp. 187-229.
• ''The Efficiency Cost of Market Power in the Banking Industry: A Test of the `Quiet Life' and Related Hypotheses'' (with Timothy H. Hannan), Review of Economics and Statistics, vol. 80 (August 1998), pp. 454-65.
• ''The Efficiency of Bank Branches'' (with John H. Leusner and John J. Mingo), Journal of Monetary Economics, vol. 40 (September 1997), pp. 141-62.
• ''Relationship Lending and Lines of Credit in Small Firm Finance'' (with Gregory F. Udell), Journal of Business, vol. 68 (July 1995), pp. 351-82.
• ''The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been'' (with Anil K Kashyap and Joseph M. Scalise), Brookings Papers on Economic Activity, vol. 1995 (1995), pp. 55-218.
• ''The Relationship between Capital and Earnings in Banking,'' Journal of Money, Credit and Banking, vol. 27 (May 1995), pp. 432-56.
• ''The Profit-Structure Relationship in Banking -- Tests of Market-Power and Efficient-Structure Hypotheses,'' Journal of Money, Credit and Banking, vol. 27 (May 1995), pp. 404-31.
• ''Some Evidence on the Empirical Significance of Credit Rationing'' (with Gregory F. Udell), Journal of Political Economy, vol. 100 (October 1992), pp. 1047-77.
• ''The Rigidity of Prices: Evidence from the Banking Industry'' (with Timothy H. Hannan), American Economic Review, vol. 81 (September 1991), pp. 938-45.
• ''The Dominance of Inefficiencies over Scale and Product Mix Economies In Banking'' (with David B. Humphrey), Journal of Monetary Economics, vol. 28 (August 1991), pp. 117-48.
• ''Collateral, Loan Quality, and Bank Risk'' (with Gregory F. Udell), Journal of Monetary Economics, vol. 25 (January 1990), pp. 21-42.
• ''Competitive Viability in Banking: Scale, Scope, and Product Mix Economies'' (with Gerald A. Hanweck and David B. Humphrey), Journal of Monetary Economics, vol. 20 (December 1987), pp. 501-20.