Photo of Cindy M. Vojtech

Cindy M. Vojtech

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 Supervision
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - present
  • Lecturer

    Johns Hopkins University, Zanvyl Krieger School of Arts & Sciences

    2013 - present
  • Senior Policy Advisor

    National Economic Council

    2017
  • Adjunct Assistant Professor

    American University, Kogod School of Business

    2013 - 2014
  • Economist

    Bureau of Economic Analysis

    2003 - 2006
  • Investment Banking Analyst

    Lehman Brothers

    2000 - 2003
  • Sentiment in Bank Examination Reports and Bank Outcomes
    Maureen Cowhey, Seung Jung Lee, Thomas Popeck Spiller, and Cindy M. Vojtech
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.077
  • Testing Bank Resiliency Through Time
    Sergio Correia, Matthew P. Seay, and Cindy M. Vojtech
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3070
  • Updated Primer on the Forward-Looking Analysis of Risk Events (FLARE) Model: A Top-Down Stress Test Model
    Sergio Correia, Matthew P. Seay, and Cindy M. Vojtech
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.009
  • New Accounting Framework Faces Its First Test: CECL During the Pandemic
    Bert Loudis, Sasha Pechenik, Ben Ranish, Cindy M. Vojtech, and Helen Xu
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.3025
  • How Dynamic is Bank Liquidity, Including when the COVID-19 Pandemic First Set In?
    Jane Ihrig, Cindy M. Vojtech, Gretchen C. Weinbach, and Maureen Cowhey
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2969
  • The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations
    Marcelo Rezende, Mary-Frances Styczynski, and Cindy M. Vojtech
    Journal of Financial Intermediation (2021)
    https://doi.org/10.1016/j.jfi.2020.100860
    See also » FRB Working Paper (2016)
  • The Real Consequences of Bank Mortgage Lending Standards
    Cindy M. Vojtech, Benjamin S. Kay, and John C. Driscoll
    Journal of Financial Intermediation (2020)
    https://doi.org/10.1016/j.jfi.2019.100846
  • How Correlated is LIBOR with Bank Funding Costs?
    David Bowman, Chiara Scotti, and Cindy M. Vojtech
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2539
  • Assessing the Resiliency of Non-DFAST Banks to a Financial Shock
    Kevin F. Kiernan and Cindy M. Vojtech
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2514
  • Primer on the Forward-Looking Analysis of Risk Events (FLARE) Model: A Top-Down Stress Test Model
    Sergio Correia, Kevin F. Kiernan, Matthew P. Seay, and Cindy M. Vojtech
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.015
  • How Have Banks Been Managing the Composition of High-Quality Liquid Assets?
    Jane Ihrig, Edward Kim, Cindy M. Vojtech, and Gretchen Cope Weinbach
    Federal Reserve Bank of St. Louis Review (2019)
    https://doi.org/10.20955/r.101.177-201
    See also » FRB Working Paper (2017)
  • The Effect of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves
    Sarah Chae, Robert F. Sarama, Cindy M. Vojtech, and James Wang
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2018.020r1
  • Assessing the Resiliency of the Banking Industry to a Commercial Real Estate Price Shock
    Cindy M. Vojtech
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2380
  • Competition and Complementarities in Retail Banking: Evidence from Debit Card Interchange Regulation
    Benjamin S. Kay, Mark D. Manuszak, and Cindy M. Vojtech
    Journal of Financial Intermediation (2018)
    https://doi.org/10.1016/j.jfi.2018.02.001
  • Bank Failures, Capital Buffers, and Exposure to the Housing Market Bubble
    Gazi I. Kara and Cindy M. Vojtech
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2017.115
  • Post-Crisis Lending by Large Bank Holding Companies
    Cindy M. Vojtech
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.1985
  • Corporate Governance Responses to Director Rule Changes
    Benjamin S. Kay and Cindy M. Vojtech
    Journal of Leadership, Accountability and Ethics (2016)
  • Why Are Net Interest Margins of Large Banks So Compressed?
    Francisco B. Covas, Marcelo Rezende, and Cindy M. Vojtech
    FEDS Notes (2015)
    https://doi.org/10.17016/2380-7172.1612
  • Corporate Governance Responses to Director Rule Changes
    Benjamin S. Kay and Cindy M. Vojtech
    Staff discussion paper (United States. Department of the Treasury. Office of Financial Research) (2015)
  • Bank Profitability and Debit Card Interchange Regulation: Bank Responses to the Durbin Amendment
    Benjamin S. Kay, Mark D. Manuszak, and Cindy M. Vojtech
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.77
  • The relationship between information asymmetry and dividend policy
    Cindy M. Vojtech
    Finance and Economics Discussion Series (2012)
    https://doi.org/10.17016/FEDS.2012.13
  • Understanding and Managing Corporate Agency Problems
    Cindy Vojtech
    Dissertations (University of California, San Diego) (2011)
  • Accounting for Household Production: a Prototype Satellite Account using the American Time use Survey
    J. Steven Landefeld, Barbara M. Fraumeni, and Cindy M. Vojtech
    Review of Income and Wealth (2009)
    https://doi.org/10.1111/j.1475-4991.2009.00319.x
  • Accounting for Nonmarket Production: A Prototype Satellite Account Using the American Time Use Survey
    Steven Landefeld, Barbara Fraumeni, and Cindy Vojtech
    BEA Working Paper Series (2005)
  • Strengthening America's Economic Infrastructure
    J. Steven Landefeld, Rosemary D. Marcuss, Kerry Sutten, Cindy M. Vojtech, and Matthew R. Balazik
    Survey of Current Business (2005)
  • Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes
    J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech
    Survey of Current Business (2003)
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Last Update: December 4, 2023