Contact Information
202-452-2909
myron.l.kwast@frb.gov

Fields of Interest
Banking and Financial Institutions
Financial Markets
Industrial Organization

Education
Ph.D., Economics, University of Wisconsin, Madison, 1977
B.A., International Relations, American University, 1969

Professional Experience
Board of Governors of the Federal Reserve System, 1978-present
Assistant Professor, University of Oklahoma, Norman, 1976-1978

Selected Publications

• ''Systemic Risk and Financial Consolidation: Are They Related? '' (with Gianni DeNicolo), Journal of Banking and Finance, vol. 26 (May 2002), pp. 861-80.
• ''Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible?'' (with Diana Hancock), Journal of Financial Services Research, vol. 20 (October 2001), pp. 147-87.
• ''The Subsidy Provided by the Federal Safety Net: Theory and Evidence'' (with S. Wayne Passmore), Journal of Financial Services Research, vol. 16 (September 1999), pp. 125-45.
• ''Market Definition and the Analysis of Antitrust in Banking'' (with Martha Starr-McCluer and John D. Wolken), Antitrust Bulletin (Winter 1997), pp. 973-995.
• ''Who Uses Electronic Banking? Results from the 1995 Survey of Consumer Finances'' (with Arthur B. Kennickell), Proceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago (May 1997), pp. 56-75.
• ''Households' Deposit Insurance Coverage: Evidence and Analysis of Potential Reforms'' (with Arthur B. Kennickell and Martha Starr-McCluer), Journal of Money, Credit and Banking, vol. 28 (August 1996), pp. 311-22.
• ''Supervising the Universal Bank,'' in Anthony Saunders and Ingo Walter, eds., Universal Banking. New York City: New York University, 1996.
• ''Money and Interest Rates Under a Reserves Operating Target'' (with Robert B. Avery), Economic Review of the Federal Reserve Bank of Cleveland, vol. 29 (Spring 1993), pp. 24-34.
• ''Are Real Estate Specializing Depositories Viable? Evidence From Commercial Banks'' (with Robert A. Eisenbeis), Journal of Financial Services Research, vol. 5 (March 1991), pp. 5-24.
• ''The Impact of Underwriting and Dealing on Bank Returns and Risks,'' Journal of Banking and Finance, vol. 13 (March 1989), pp. 101-25.