Meet the Economists

Anya V. Kleymenova
anya.kleymenova@frb.gov
Education
- Ph.D., Accounting, London Business School, 2014
- M.Sc., Accounting and Finance (MRes), London Business School, 2011
- M.Sc., Finance, London Business School, 2007
- M.Sc., Economics, London School of Economics and Political Science, 2004
- B.S., Finance, Georgetown University, 1999
- Real effects of regulation
- Disclosure of enforcement
Senior Economist
Board of Governors of the Federal Reserve System
2020 - presentAssistant Professor
University of Chicago Booth School of Business
2014 - 2020Visiting PhD Researcher
Bank of England, PhD Research Internship
2012 - 2014Principal
Charles River Associates, European Competition and Financial Economics practices
2001 - 2009Associate
Charles River Associates, Competition practice
1999 - 2001
- Kleymenova, Anya V., and Li Zhang (2019). "The Impact of Banking Regulation on Voluntary Disclosures: Evidence from the Dodd-Frank Act," Chicago Booth Research Paper No. 19-08. The University of Chicago Booth School of Business.
- Kleymenova, Anya V., and Rimmy Tomy (2019). "Observing Enforcement: Evidence from Banking," Chicago Booth Research Paper No. 19-05. The University of Chicago Booth School of Business.
- Ertan, Aytekin, Anya V. Kleymenova, and Marcel Tuijn (2018). "Financial Intermediation Through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme," Chicago Booth Research Paper No. 18-06. The University of Chicago Booth School of Business.
- Kleymenova, Anya, Andrew K. Rose, and Tomasz Wieladek (2016). "Does Government Intervention Affect Banking Globalization?" CEPR Discussion Paper No. 11108. Centre for Economic Policy Research.
- Kleymenova, Anya, Andrew K. Rose, and Tomasz Wieladek (2016). "Does Government Intervention Affect Banking Globalization?" Journal of the Japanese and International Economies, vol. 40, pp. 43-58.
- Kleymenova, Anya, Andrew K. Rose, and Tomasz Wieladek (2016). "Does Government Intervention Affect Banking Globalization?" NBER Working Paper No. 21981. The National Bureau of Economic Research.
- Kleymenova, Anya V. (2016). "Consequences of Mandated Bank Liquidity Disclosures," Chicago Booth Research Paper No. 16-04. The University of Chicago Booth School of Business.
- Kleymenova, Anya V., and Ayse Irem Tuna (2016). "Regulation of Compensation and Systemic Risk: Evidence from the UK," Chicago Booth Research Paper No. 16-07. The University of Chicago Booth School of Business.
- Jinkens, Brenlen, and Anya Kleymenova (2011). "Secondary Fund Transactions," in Talmor, Eli, and Florin Vasvari (eds.), International Private Equity, chapter 9, pp. 187-203. Chichester, West Sussex: John Wiley & Sons, Inc.
discussion
20202020 SMU Accounting Symposium
(When) Does Public Information Hurt Liquidity? by K. Balakrishnan, A. Ertan and Y. Lee
discussion
20202020 FMA Virtual Conference
Does Accounting and Regulatory Discretion with Investment Securities Affect Banks' Information Risk? by M. Arnold, M. Dong and R. Oberson
seminar
2020Early Insights in Accounting Research
The Lifecycle of an Enforcement Action
seminar
2020University of Chicago Booth School of Business Banking Seminar
The Lifecycle of an Enforcement Action
conference
2020SARAC
Observing Enforcement: Evidence from Banking
conference
2020FARS
Observing Enforcement: Evidence from Banking
seminar
2020Federal Reserve Board
Observing Enforcement: Evidence from Banking
conference
2019SBFC
Observing Enforcement: Evidence from Banking
discussion
2019SBFC
The Impact of TARP Capital Infusions on Bank Liquidity Creation: Does Bank Size Matter? by C. Zheng, A. Cheung and T. Cronje
seminar
2019Ohio State University
Observing Enforcement: Evidence from Banking
conference
2019Knut Wicksell Conference on Financial Intermediation
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
discussion
2019Knut Wicksell Conference on Financial Intermediation
The Impact of Bank Supervision on Corporate Credit: Evidence from Syndicated Loans by I. Ivanov and J. Wang
seminar
2019USC
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
seminar
2019Frankfurt School of Management
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
discussion
2019Emerging Scholars in Accounting
Do Managers Cater Voluntary Disclosure to Bond Investors? Evidence from Uncoventional Monetary Policy by R. Vincenzi
conference
2019Berling Accounting Workshop
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019FDIC/JFSR Bank Research Conference
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019London Business School
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2019St. Louis Fed/IU Workshop on Financial Institutions Research
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019NBER Summer Institute
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019London Business School
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019American Accounting Association Annual Meeting
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019Western Finance Association Annual Meeting (WFA)
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2019Financial Intermediation Research Society (FIRS)
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
seminar
2019Federal Reserve Bank of New York
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
conference
2019RFS/BAFI CAREFIN New Frontiers in Banking
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2019European Winter Finance Summit
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2019FARS
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2019American Economic Association Annual Meeting (AEA)
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2018Paris Financial Management Conference
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
seminar
2018University of Chicago Booth School of Business
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
seminar
2018University of Miami
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
seminar
2018INSEAD
Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions
seminar
2018Columbia Business School
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
discussion
2018American Accounting Association Annual Meeting (AAA)
Governance Through Shame and Aspiration: Index Creation and Corporate Behavior by Chattopadhyay, Shaffer and Wang
discussion
2018American Accounting Association Annual Meeting (AAA)
Fair Value Accounting, Prudential Regulation and Financial Contagion by Tang
conference
2018ESSFM in Gerzensee
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2018Yale Accounting Conference
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
conference
2018European Accounting Association Annual Meeting (EAA)
The Impact of Banking Regulation on Voluntary Disclosures: Evidence from the Dodd-Frank Act
discussion
2018European Accounting Association Annual Meeting (EAA)
The Impact of Top Executive Gender on Asset Prices: Evidence from Stock Price Crash Risk by Y. Li and Y. Zheng
discussion
2018Financial Intermediation Research Society (FIRS)
Peer Financial Distress and Individual Leverage: Evidence from 30 Million Individuals by A. Kalda
conference
2018INSEAD
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
seminar
2018University of Chicago Booth School of Business
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
seminar
2018UCLA
Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
discussion
2018FARS
Hub-and-Spoke Regulation and Bank Leverage by Y. Gopalan, A. Kalda and A. Manela
discussion
2017London Business School Private Equity Symposium
Liquidity Provision in the Secondary Market for Private Equity Fund Stakes by R. Albuquerque, J. Cassel, L. Phalippou and E. Schroth
seminar
2017Stanford
Regulation of Compensation
seminar
2017University of Chicago Booth School of Business
The Impact of Regulation on Voluntary Disclosures: Evidence from the Dodd-Frank Act
conference
2017Illinois Young Scholars Symposium at UIUC
The Impact of Regulation on Voluntary Disclosures: Evidence from the Dodd-Frank Act
seminar
2017Harvard Business School
Regulation of Compensation
conference
2016HKUST Accounting Symposium
Regulation of Compensation
seminar
2016University of Rochester, Simon Business School
Regulation of Compensation
conference
2016CMU Accounting Mini-Conference
Regulation of Compensation
conference
2016American Accounting Association Annual Meeting (AAA)
Regulation of Compensation
discussion
2016American Accounting Association Annual Meeting (AAA)
The Effect of Risk-taking on Earnings Quality in Banking Industry by M. Delis, I. Hasan and L. Li
discussion
2016Lisbon Accounting Symposium
Why Did Politicians Blame Fair Value Accounting During the Financial Crisis? by J. Bischof, H. Daske and C. Sextroh
conference
2016European Accounting Association Annual Meeting (EAA)
Are Universal Banks More Risky?
discussion
2016FARS
News and Corporate Bond Liquidity by Jiang and Sun
conference
2016FARS
Regulation of Compensation
conference
2016American Economic Association Annual Meeting (AEA)
Does Government Intervention Affect Banking Globalization?
conference
2015HKUST Accounting Symposium
The Transmission of Corporate Risk Culture: Evidence from Bank Acquisitions by C. Boissel, T. Bourveau and A. Matray
discussion
2015SMU Accounting Symposium
Bankruptcy in Groups by W. Beaver, S. Cascino, M. Correia and M. McNichols
seminar
2015NYU
Regulation of Compensation
conference
2015GlA Conference, University of Chicago
Regulation of Compensation
conference
2015World Finance Conference
Regulation of Compensation
conference
2015NBER Summer Institute
Does Government Intervention Affect Banking Globalization?
conference
2015Society for Economic Dynamics Conference
Does Government Internvion Affect Banking Globalization?
seminar
2015University of Chicago Booth School of Business (Banking workshop)
Consequences of Mandated Bank Liquidity Disclosures
conference
2015GW Cherry Blossom Conference
Regulation of Compensation
discussion
2015FARS
SFAS 166/167 and the Cost of Equity Capital - Evidence from Banks by Zhao
discussion
2015FARS
Bank Interest Rate Risk Management and Valuation of Earnings by Q. Burke and T. Warfield
seminar
2014University of Zurich
Consequences of Mandated Bank Liquidity Disclosures
conference
2014UNC/Duke Fall Camp
Consequences of Mandated Bank Liquidity Disclosures
discussion
2014Review of Accounting Studies Conference
Quarter-end Repo Borrowing Dynamics and Bank Opacity by E. Owens and J. Wu
seminar
2014MIT
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Bank of England
Consequences of Mandated Bank Liquidity Disclosures
conference
2014European Finance Association Annual Meeting (EFA)
Consequences of Mandated Bank Liquidity Disclosures
discussion
2014American Accounting Association Annual Meeting (AAA)
Procyclical Leverage: Bank Regulation or Fair Value Accounting by A. Amel-Zadeh, M. Barth and W. Landsman
discussion
2014American Accounting Association Annual Meeting (AAA)
An Empirical Examination of Horizon: Evidence from the Term Structue of Implied Equity Volatilities by R. Ball and J. Milian
discussion
2014American Accounting Association Annual Meeting (AAA)
The Effects of the US Subprime Crisis on Canadian Banks by S. Bandyopadhyay, R. Jha and D. Kennedy
conference
2014European Accounting Association Annual Meeting (EAA)
Consequences of Mandated Bank Liquidity Disclosures
conference
2014British Accounting and Finance Association Annual Meeting (BAFA)
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Columbia Business School
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Northwestern University, Kellogg
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014London School of Economics and Political Science
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014HEC Paris
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014INSEAD
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014University of Chicago Booth School of Business
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014McGill University
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Federal Reserve Board
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Washington University at St. Louis
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014University of Pennsylvania, Wharton School
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014University of Michigan
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014Rice University
Consequences of Mandated Bank Liquidity Disclosures
seminar
2014University of Toronto
Consequences of Mandated Bank Liquidity Disclosures
Awards
- 2020
EFA
Best Paper Award in Institutional Markets (with R. Tomy)
- 2020
FARS Midyear Meeting
FARS Excellence in Reviewing Award
- 2019
SBFC
Bureau Van Dijk Best Paper Award in Banking (with R. Tomy)
- 2019
FMC, University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2019
FMC, University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2019
AAA Annual Meeting
FARS Excellence in Reviewing Award
- 2018
FMC, University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2018
FMC, University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2017
FMC, University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2017
University of Chicago
FMC Faculty Scholar
- 2016
University of Chicago
Centel Foundation/Robert P. Reuss Faculty Scholar
- 2016
University of Chicago
Stigler Center for the Study of the Economy and the State
- 2016
University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2015
University of Chicago
Harry W. Kichheimer Faculty Scholar
- 2015
HEC Paris
LABEX ECODEC, Research Grant (with Y. Lou)
- 2015
University of Chicago
Fama-Miller Center for Research in Finance, Research Grant
- 2013
ABTA
ABTA Doctoral Researcher Award
- 2009
ESRC (2009-2014)
ESRC Scholarship
- 2009
London Business School (2009-2013)
PhD Programme Financial Award
- 2004
London School of Economics
Merit Award
- 2002
London School of Economics (2002-2004)
Merit Award Scholarship
- 2002
London School of Economics (2002-2003)
Citigroup Scholarship
- 1999
FMA
FMA Honor Society
- 1998
Betta Gamma Sigma
Betta Gamma Sigma International Honor Society
- 1997
Georgetown University
International Student Grant
Conference Organization
August, 2016 | New York
AAA Annual Meeting (FARS section)
Subsection liason
August, 2015 | Vienna
European Finance Association Annual Meeting
Programme committee member
2014-current
European Accounting Association Annual Meeting
Program committee member
April, 2011 | London
TADC
Chair of the organizing committee
Referee
- American Economic Journal: Microeconomics
- European Accounting Review
- Journal of Accounting and Economics
- Journal of Accounting Research
- Journal of Banking and Finance
- Journal of Business Finance and Accounting
- Journal of Financial Intermediation
- Journal of Financial Services Research
- Journal of International Central Banking
- Journal of Money, Credit and Banking
- Management Science: Finance and Accounting
- Review of Accounting Studies
- Review of Finance
- Review of Financial Economics
- The Accounting Review
Professional Affiliation
- American Accounting Association
- American Economic Association
- American Finance Association
- Eastern Finance Association
- European Accounting Association
- European Finance Association
- Financial Intermediation Research Society
- Financial Management Association
- Midwest Finance Association
- Western Finance Association