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Viktors Stebunovs

Education

  • Ph.D., Economics, Boston College, 2007
  • M.A., Economics, SUNY Binghamton, 2002
  • B.A., Economics, University of Latvia, 2000
Current Research Topics
  • Syndicated lending, Macro-financial linkages
  • Risk-taking channel of monetary policy
  • Economist

    Board of Governors of the Federal Reserve System

    2007 - present
  • Dissertation Intern

    Federal Reserve Bank of Kansas City

    2006
  • Dissertation Intern

    European Central Bank

    2005
  • Modeling your stress away
    Friederike Niepmann and Viktors Stebunovs
    Journal of Banking & Finance (2024)
    https://doi.org/10.1016/j.jbankfin.2023.107042
    See also » FRB Working Paper (2018)
  • Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans
    Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
    Journal of Banking & Finance (2022)
    https://doi.org/10.1016/j.jbankfin.2019.05.006
    See also » FRB Working Paper (2019)
  • Risk taking and low longer-term interest rates: Evidence from the U.S. syndicated term loan market
    Sirio Aramonte, Seung Jung Lee, and Viktors Stebunovs
    Journal of Banking & Finance (2022)
    https://doi.org/10.1016/j.jbankfin.2019.02.010
    See also » FRB Working Paper (2015)
  • Bank Lending Conditions during the Pandemic
    David Bodovski, Hannah Firestone, Seung Jung Lee, and Viktors Stebunovs
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.3000
  • The Anatomy of Financial Vulnerabilities and Banking Crises
    Seung Jung Lee, Kelly E. Posenau, and Viktors Stebunovs
    Journal of Banking & Finance (2020)
    https://doi.org/10.1016/j.jbankfin.2018.04.013
    See also » FRB Working Paper (2017)
  • Do Negative Interest Rates Explain Low Profitability of European Banks?
    Nicholas Coleman and Viktors Stebunovs
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2486
  • Financial Institutions' Business Models and the Global Transmission of Monetary Policy
    Isabel Argimon, Clemens Bonner, Ricardo Correa, Patty Duijm, Jon Frost, Jakob de Haan, Leo de Haan, and Viktors Stebunovs
    Journal of International Money and Finance (2019)
    https://doi.org/10.1016/j.jimonfin.2018.08.010
    See also » FRB Working Paper (2018)
  • Modeling Your Stress Away
    Friederike Niepmann and Viktors Stebunovs
    International Finance Discussion Papers (2018)
    https://doi.org/10.17016/IFDP.2018.1232
  • Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market
    Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs
    International Finance Discussion Papers (2017)
    https://doi.org/10.17016/IFDP.2017.1188
  • Bank Capital Pressures, Loan Substitutability, and Nonfinancial Employment
    Seung Jung Lee and Viktors Stebunovs
    Journal of Economics & Business (2016)
    https://doi.org/10.1016/j.jeconbus.2015.11.002
    See also » FRB Working Paper (2016)
  • International Dollar Flows
    Ayelen Banegas, Ruth Judson, Charles Sims, and Viktors Stebunovs
    International Finance Discussion Papers (2015)
    https://doi.org/10.17016/IFDP.2015.1144
  • Risk Taking and Low Longer-term Interest Rates: Evidence from the U.S. Syndicated Loan Market
    Sirio Aramonte, Seung Jung Lee, and Viktors Stebunovs
    Finance and Economics Discussion Series (2015)
    https://doi.org/10.17016/FEDS.2015.068
  • The Domestic and International Effects of Interstate U.S. Banking
    Matteo Cacciatore, Fabio Ghironi, and Viktors Stebunovs
    Journal of International Economics (2015)
    https://doi.org/10.1016/j.jinteco.2014.12.001
    See also » FRB Working Paper (2014)
  • The Credit Crunch and Fall in Employment during the Great Recession
    Samuel Haltenhof, Seung Jung Lee, and Viktors Stebunovs
    Journal of Economic Dynamics & Control (2014)
    https://doi.org/10.1016/j.jedc.2014.03.013
    See also » FRB Working Paper (2014)
  • The Repo and Federal Funds Markets before, during, and Emerging from the Financial Crisis
    Morten Bech, Elizabeth Klee, and Viktors Stebunovs
    Developments in Macro-Finance Yield Curve Modelling (2014)
    https://doi.org/10.1017/CBO9781107045149
    See also » FRB Working Paper (2011)
  • Bank Capital Ratios and the Structure of Nonfinancial Industries
    Seung Jung Lee and Viktors Stebunovs
    Finance and Economics Discussion Series (2012)
    https://doi.org/10.17016/FEDS.2012.53
  • Ownership and Asymmetric Information Problems in the Corporate Loan Market: Evidence from a Heteroskedastic Regression
    Lewis Gaul and Viktors Stebunovs
    OCC Economics Working Paper (2009)
  • Finance as a Barrier to Entry in Dynamic Stochastic General Equilibrium (DSGE) Models
    Viktors Stebunovs
    Dissertations (Boston College) (2007)
  • conference

    2019

    Central Bank Research Association, Western Economic Association International (CEBRA session)

  • conference

    2018

    FMA annual meeting; Bank of Canada conference "Capital Flows in Advanced Economies"

  • conference

    2018

    RiskLab/BoF/ESRB Conference on Systemic Risk Analytics; Annual Congress of the European Economic Association

  • conference

    2017

    Central Bank Research Association, European Finance Association

  • conference

    2017

    International Banking Research Network meeting at the Bank of France

  • seminar

    2017

    Federal Reserve Bank of Kansas City

  • seminar

    2016

    European Central Bank, Bank of Italy, Board of Governors of the Federal Reserve System

  • conference

    2016

    AEA, Financial Intermediation Research Society, System Macro Committee, BAFFI CAREFIN

  • conference

    2015

    ECB, FRB, FRB Dallas, and HKMA Conference "Diverging Monetary Policies, Global Capital Flows, and Financial Stability"

  • conference

    2015

    Western Finance Association, Northern Finance Association

  • conference

    2015

    Federal Reserve System Day Ahead Conference on Financial Markets and Institutions, Financial Intermediation Research Society

  • seminar

    2014

    European Central Bank, International Monetary Fund, Office of Financial Research

  • conference

    2014

    European Finance Association

  • conference

    2014

    BIS/BCBS Research Task Force Workshop "Systemically important financial institutions: a research agenda"

  • seminar

    2013

    International Monetary Fund

  • conference

    2013

    NBER Summer Institute Monetary Economics Meeting, European Finance Association, Society for Computational Economics

  • conference

    2013

    BOE CCBS-FRBNY policy forum on monetary operations

  • conference

    2013

    Federal Reserve System Day Ahead Conference on Financial Markets and Institutions, De Nederlandsche Bank/Tilburg University Conference

  • seminar

    2012

    Board of Governors of the Federal Reserve System, Swiss National Bank

  • conference

    2012

    MNB/CEPR 11th Workshop on Macroeconomic Policy Research, EABCN/BCL Disaggregating the Business Cycle Conference

  • conference

    2012

    Northern Finance Association, Southern Finance Association

  • conference

    2012

    Federal Reserve System Day Ahead Conference on Financial Markets and Institutions

  • conference

    2011

    Northern Finance Association, European Central Bank

  • conference

    2011

    Mid-Atlantic Research Conference in Finance, Midwest Macroeconomics, FinLawMetrics

  • conference

    2011

    International Conference on Computing in Economics and Finance, CIMF/IESEG Conference

  • seminar

    2011

    International Monetary Fund Institute

  • seminar

    2010

    Board of Governors of the Federal Reserve System

  • seminar

    2008

    Board of Governors of the Federal Reserve System

  • conference

    2008

    North American Summer Meeting of Econometric Society, 4th Annual Dynare Conference, Federal Reserve System Macro Committee

Awards
  • 2018

    Board of Governors of the Federal Reserve System

    Special Achievement Award

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Last Update: February 5, 2024