Photo of Jose M. Berrospide

Jose M. Berrospide

Education

  • Ph.D., Economics, University of Michigan, 2007
  • M.A., Applied Economics, University of Michigan, 1998
  • B.A., Economic Engineering, National Engineering University (Peru), 1991
Current Research Topics
  • Bank Capital and Lending, Bank Liquidity Hoarding
  • Corporate Credit Lines and Hedging
  • Section Chief

    Board of Governors of the Federal Reserve System

    2016 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2014 - 2015
  • Economist

    Board of Governors of the Federal Reserve System

    2007 - 2014
  • Economist

    Central Reserve Bank of Peru

    1993 - 2002
  • IFABS 2017: Towards an Integrated View of Financial Regulation: Key Lessons from the Crisis and Future Challenges
    Jose M. Berrospide
    Journal of Banking & Finance (2022)
    https://doi.org/10.1016/j.jbankfin.2021.106391
  • The real effects of credit line drawdowns
    Jose M. Berrospide and Ralf Meisenzahl
    International Journal of Central Banking (2022)
    See also » FRB Working Paper (2015)
  • Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation
    Jose M. Berrospide
    Quarterly Journal of Finance (2021)
    https://doi.org/10.1142/S2010139221500208
    See also » FRB Working Paper (2012)
  • Un-used Bank Capital Buffers and Credit Supply Shocks at SMEs during the Pandemic
    Jose M. Berrospide, Arun Gupta, and Matthew P. Seay
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.043
  • The Effects of Bank Capital Buffers on Bank Lending and Firm Activity: What Can We Learn from Five Years of Stress-Test Results?
    Jose M. Berrospide and Rochelle M. Edge
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.050
  • The Impact of Post Stress Tests Capital on Bank Lending
    William F. Bassett and Jose M. Berrospide
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.087
  • International Banking and Cross-Border Effects of Regulation: Lessons from the United States
    Jose M. Berrospide, Ricardo Correa, Linda S. Goldberg, and Friederike Niepmann
    International Journal of Central Banking (2017)
    See also » FRB Working Paper (2016)
  • The Cross-Market Spillover of Economic Shocks through Multimarket Banks
    Jose M. Berrospide, Lamont K. Black, and William R. Keeton
    Journal of Money, Credit and Banking (2016)
    https://doi.org/10.1111/jmcb.12323
    See also » FRB Working Paper (2013)
  • Finance Companies in Mexico: Unexpected Victims of the Global Liquidity Crunch
    Jose M. Berrospide and Renata Herrerias
    Journal of Financial Stability (2015)
    https://doi.org/10.1016/j.jfs.2015.02.004
  • The real effects of credit line drawdowns
    Jose M. Berrospide and Ralf Meisenzahl
    Finance and Economics Discussion Series (2015)
    https://doi.org/10.17016/FEDS.2015.007
  • Discussion of 'Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?'
    Jose M. Berrospide
    International Journal of Central Banking (2015)
  • Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation
    Jose M. Berrospide
    Finance and Economics Discussion Series (2012)
    https://doi.org/10.17016/FEDS.2013.03
  • The Effects of Bank Capital on Lending: What Do We Know, and What Does It Mean?
    Jose M. Berrospide and Rochelle M. Edge
    International Journal of Central Banking (2010)
    See also » FRB Working Paper (2010)
  • Exchange Rates, Optimal Debt Composition, and Hedging in Small Open Economies
    Jose Berrospide
    Finance and Economics Discussion Series (2008)
    https://doi.org/10.17016/FEDS.2008.18
  • Corporate Hedging, Investment and Value
    Jose M. Berrospide, Amiyatosh Purnanandam, and Uday Rajan
    Finance and Economics Discussion Series (2008)
    https://doi.org/10.17016/FEDS.2008.16
  • conference

    December 2021

    FDIC's Annual Bank Research Conference

    Unused Bank Capital Buffers and Credit Supply Shocks at SMEs during the Pandemic

  • conference

    October 2021

    Third Conference on Financial Stability, Bank of Spain

    Macrofinancial feedback, bank stress testing and capital surcharges

  • conference

    January 2020

    First Conference on Financial Stability and Sustainability, Universidad del Pacifico, Lima Peru

    The effects of bank capital buffers on bank lending and firm activity: What can we learn from five years of stress-test results?

  • conference

    November 2019

    EBA Policy Research Workshop, Paris

    The effects of bank capital buffers on bank lending and firm activity: What can we learn from five years of stress-test results?

  • conference

    September 2019

    FDIC's Annual Bank Research Conference

    The effects of bank capital buffers on bank lending and firm activity: What can we learn from five years of stress-test results?

  • conference

    June 2019

    Second Conference on Financial Stability, Bank of Spain

    The effects of bank capital buffers on bank lending and firm activity: What can we learn from five years of stress-test results?

  • conference

    September 2017

    FDIC's Annual Bank Research Conference

    The Impact of Stress Tests on Bank Lending

  • seminar

    October 2016

    University of Kansas, School of Business, Lawrence

    The Effect of Bank Capital Requirements on Bank Lending: What can we Learned from the Post-Crisis Reforms

  • conference

    July 2016

    IBEFA - Summer Meeting, Portland

    International Bank Lending and Cross Border Effects of Regulation: Lessons from the United States

  • conference

    June 2016

    IFABS Conference in Barcelona, Spain

    The Impact of Basel III Capital Regulation on Bank Lending

  • discussion

    March 2016

    Chicago Financial Institution Conference

    Small Business Banking and U.S. International Trade

  • seminar

    March 2016

    University of Chile, Santiago, Chile

    The Impact of Basel III Capital Regulation on Bank Lending

  • seminar

    Nov 2015

    International Monetary Fund

    The Impact of Basel III Capital Regulation on Bank Lending

  • seminar

    May 2015

    Federal Reserve Bank of Kansas

    The Real effects of Credit Line Drawdowns

  • discussion

    Sep 2014

    IJCB Annual Conference, Federal Reserve Bank of Philadelphia

    Did the EBA Capital Exercise Cause a Credit crunch in the Euro Area?

  • conference

    June 2014

    IFABS Conference in Lisbon, Portugal

    The Real effects of Credit Line Drawdowns

  • conference

    June 2013

    The Econometric Society, North American Summer Meeting, Los Angeles California

    The Real effects of Credit Line Drawdowns

  • conference

    January 2013

    IBEFA - ASSA Meetings, San Diego

    Credit Line Usage and Availability in the Financial Crisis: The Importance of Hedging

  • conference

    October 2012

    Financial Management Association, Annual Meeting

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • discussion

    June 2012

    Financial Intermediation Research Society (FIRS)

    Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market

  • conference

    May 2012

    Basel Committee on Bank Supervision, Basel, Switzerland

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • conference

    April 2012

    Eastern Finance Association

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • conference

    April 2012

    Eastern Finance Association

    The Cross-Market Spillover of Shocks through Multi-Market Banks

  • conference

    February 2012

    Midwest Finance Association

    The Cross-Market Spillover of Shocks through Multi-Market Banks

  • conference

    February 2012

    Midwest Finance Association

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • conference

    January 2012

    IBEFA - ASSA Meetings

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • conference

    November 2011

    Basel Committee RTF Workshop, Istanbul, Turkey

    Credit Line Usage and Availability in the Financial Crisis: The Importance of Hedging

  • conference

    November 2011

    Federal Reserev Bank of Richmond, Federal Reserve System Committee

    Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  • conference

    October 2011

    CAREFIN-Bocconi University, Milan, Italy

    The Cross-Market Spillover of Shocks through Multi-Market Banks

  • discussion

    October 2011

    CAREFIN-Bocconi University, Milan, Italy

    Home Bank Intermediation of Foreign Direct Investment

  • conference

    September 2011

    FDIC Annual Bank Research Conference

    The Cross-Market Spillover of Shocks through Multi-Market Banks

  • conference

    September 2010

    Basel Committee RTF Workshop, London, U.K.

    The Effects of Bank Capital on Lending: What Do We Know, and What Does it Mean?

  • seminar

    June 2010

    IMF Research Department

    The Effects of Bank Capital on Lending: What Do We Know, and What Does it Mean?

  • conference

    January 2010

    Federal Reserve Bank of Atlanta, Day Ahead Conference

    The Effects of Bank Capital on Lending: What Do We Know, and What Does it Mean?

  • conference

    October 2009

    Financial Management Association, Annual Meeting

    The Effects of Bank Capital on Lending: What Do We Know, and What Does it Mean?

  • discussion

    October 2009

    Financial Management Association, Annual Meeting

    Early Warnings about FNMA and FHLMC: Did the Stock Market Hear?

  • discussion

    October 2008

    Financial Management Association, Annual Meeting

    The Income Tax Structure's Impact on Growth, Valuation, and Global Investments: A Three Stakeholders Perspective

  • conference

    June 2008

    Western Finance Association

    Corporate Hedging, Investment, and Value

Awards
  • 2014

    International Finance and Banking Society - IFABS

    Best Paper Award, IFABS 2014 Lisbon Conference

  • 2013

    Federal Reserve Board

    Special Achievement Award

Conference Organization
  • 2016-2018, 2020 | Federal Reserve Bank of Boston

    Federal Reserve Stress Testing Research Conference

    Organizing Committee

Editor
  • Associate Editor, Journal of Money, Credit, and Banking, 2015 - present
  • Guest Editor, Journal of Banking and Finance, 2017
Referee
  • Journal of Financial Economics
  • Review of Financial Studies
  • Journal of Money, Credit, and Banking
  • Journal of Financial Intermediation
  • Journal of Monetary Economics
  • Journal of Banking and Finance
  • Journal of Financial Stability
  • Journal of International Money and Finance
  • Canadian Journal of Economics
  • International Review of Finance
  • Economic Journal
  • Economic Notes, Review of Banking, Finance and Monetary Economics
  • Emerging Markets Finance and Trade
Professional Affiliation
  • American Economics Association
  • International Banking, Economics, and Finance Association
  • Financial Management Association
  • Midwest Finance Association
Last update: June 30, 2022