Meet the Economists
Cindy M. Vojtech
Principal Economist
Financial Institution Risk Evaluation Section
Financial Stability
202-721-4517
cindy.m.vojtech@frb.gov
cindy.m.vojtech@frb.gov
Education
- Ph.D., Economics, University of California - San Diego, 2011
- M.A., Economics, University of California - San Diego, 2008
- B.S., Bus. Admin--Finance&Econ, Fordham University, 2000
Current Research Topics
- Effects of Regulation
- Bank Lending Standards
Economist
Board of Governors of the Federal Reserve System
2011 - presentInstructor
Johns Hopkins University, Zanvyl Krieger School of Arts & Sciences
2013 - presentSenior Policy Advisor
National Economic Council
2017Adjunct Assistant Professor
American University, Kogod School of Business
2013 - 2014Economist
Bureau of Economic Analysis
2003 - 2006Investment Banking Analyst
Lehman Brothers
2000 - 2003
- Vojtech, Cindy M., Benjamin S. Kay, and John C. Driscoll (forthcoming). "The Real Consequences of Bank Mortgage Lending Standards," Journal of Financial Intermediation.
- Correia, Sergio, Kevin F. Kiernan, Matthew P. Seay, and Cindy M. Vojtech (2020). "Primer on the Forward-Looking Analysis of Risk Events (FLARE) Model: A Top-Down Stress Test Model," Finance and Economics Discussion Series 2020-015. Board of Governors of the Federal Reserve System (U.S.).
- Chae, Sarah, Robert F. Sarama, Cindy M. Vojtech, and James Wang (2019). "The Effect of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves," FEDS 2018-020r1. Washington: Board of Governors of the Federal Reserve System, https://doi.org/10.17016/FEDS.2018.020r1. (2018). "The Effect of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves," Finance and Economics Discussion Series 2018-020. Board of Governors of the Federal Reserve System (U.S.).
- Ihrig, Jane, Edward Kim, Cindy M. Vojtech, and Gretchen Cope Weinbach (2019). "How Have Banks Been Managing the Composition of High-Quality Liquid Assets?," Federal Reserve Bank of St. Louis Review, vol. 101, no. 3, pp. 177-201.
- Vojtech, Cindy M. (2019). "Assessing the Resiliency of the Banking Industry to a Commercial Real Estate Price Shock," FEDS Notes 2019-06-03. Board of Governors of the Federal Reserve System (U.S.).
- Chae, Sarah, Robert F. Sarama, Cindy M. Vojtech, and James Wang (2018). "The Impact of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves," Finance and Economics Discussion Series 2018-020. Board of Governors of the Federal Reserve System (U.S.).
- Kay, Benjamin S., Mark D. Manuszak, and Cindy M. Vojtech (2018). "Competition and Complementarities in Retail Banking: Evidence from Debit Card Interchange Regulation," Journal of Financial Intermediation, vol. 34, pp. 91-108.
- Kara, Gazi I., and Cindy M. Vojtech (2017)."Bank Failures, Capital Buffers, and Exposure to the Housing Market Bubble," Finance and Economics Discussion Series 2017-115. Board of Governors of the Federal Reserve System (U.S.).
- Ihrig, Jane, Edward Kim, Ashish Kumbhat, Cindy M. Vojtech, and Gretchen C. Weinbach (2017). "How Have Banks Been Managing the Composition of High-Quality Liquid Assets?" Finance and Economics Discussion Series 2017-092r. Board of Governors of the Federal Reserve System (U.S.).
- Vojtech, Cindy M. (2017). "Post-Crisis Lending by Large Bank Holding Companies," FEDS Notes 2017-07-06. Board of Governors of the Federal Reserve System (U.S.).
- Rezende, Marcelo, Mary-Frances Styczynski, and Cindy M. Vojtech (2016). "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Finance and Economics Discussion Series 2016-090. Board of Governors of the Federal Reserve System (U.S.).
- Kay, Benjamin S., and Cindy M. Vojtech (2016). "Corporate Governance Responses to Director Rule Changes," Journal of Leadership, Accountability and Ethics, vol. 13, no. 1, pp. 49-69.
- Covas, Francisco B., Marcelo Rezende, and Cindy M. Vojtech (2015). "Why Are Net Interest Margins of Large Banks So Compressed?" FEDS Notes 2015-10-05. Board of Governors of the Federal Reserve System (U.S.).
- Kay, Benjamin S., and Cindy M. Vojtech (2015). "Corporate Governance Responses to Director Rule Changes," Staff Discussion Papers 2015-02. Office of Financial Research.
- Kay, Benjamin S., Mark D. Manuszak, and Cindy M. Vojtech (2014). "Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment," Finance and Economics Discussion Series 2014-77. Board of Governors of the Federal Reserve System (U.S.).
- Vojtech, Cindy M. (2012). "The Relationship between Information Asymmetry and Dividend Policy," Finance and Economics Discussion Series 2012-13. Board of Governors of the Federal Reserve System (U.S.).
- Vojtech, Cindy (2011). "Understanding and Managing Corporate Agency Problems," Ph.D. dissertation, University of California, San Diego.
- Landefeld, J. Steven, Barbara M. Fraumeni, and Cindy M. Vojtech (2009). "Accounting for Household Production: A Prototype Satellite Account using the American Time use Survey," Review of Income & Wealth, vol. 55, no. 2, pp. 205-225.
- Landefeld, J. Steven, Rosemary D. Marcuss, Kerry Sutten, Cindy M. Vojtech, and Matthew R. Balazik (2005). "Strengthening America's Economic Infrastructure," Survey of Current Business, vol. 85, no. 8, pp. 8-11.
- Landefeld, Steven, Barbara Fraumeni, and Cindy Vojtech (2005). "Accounting for Nonmarket Production: A Prototype Satellite Account using the American Time use Survey," BEA Papers 0056. Bureau of Economic Analysis.
- Landefeld, J. Steven, Brent R. Moulton, and Cindy M. Vojtech (2003). "Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes," Survey of Current Business, vol. 83, no. 11, pp. 8-16.
Last update:
February 24, 2020