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Joe Peek  
Gatton Endowed Chair in International Banking and Financial Economics
Department of Finance and Quantitative Methods

Website  |  Vita
 
Contact Information:
Office Location:  
 
Lexington, KY 40506
  Email: jpeek0@uky.edu
Phone: 859.257.7342
Fax: 859.257.9688
 
Biography:
Joe Peek holds the Gatton Endowed Chair in International Banking and Financial Economics at the Gatton College of Business and Economics, University of Kentucky. Previously, he held positions as a professor of economics at Boston College, a Visiting Economist at the Federal Reserve Bank of Boston, and a Visiting Erskine Fellow at the University of Canterbury in Christchurch, New Zealand. After receiving a B.S. in mathematics and an M.S. in economics at Oklahoma State, he earned his Ph.D. in economics at Northwestern. His research topics include international banking, bank regulation, monetary policy, and credit availability. His articles have appeared in numerous journals, including The American Economic Review, Journal of Finance, The Quarterly Journal of Economics, The Review of Economics and Statistics, Journal of Money, Credit and Banking, Journal of Financial Intermediation, Journal of Banking and Finance, Journal of International Economics, and Real Estate Economics.
 
Education:
1979 - PHD, Economics, Northwestern University
1974 - MS, Economics, Oklahoma State University
1970 - BS, Mathematics, Oklahoma State University
1969 - AA, General Studies, Northwestern Oklahoma State University
 
Recent Publications:
Articles (51):
Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment
American Economic Review - Year: 2006
Volume: 96  Issue: 2  Page Number(s): 135-140
Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
American Economic Review - Year: 2005
Volume: 95  Issue: 4  Page Number(s): 1144-1166
Identifying the Macroeconomic Effect of Loan Supply Shocks
Journal Of Money, Credit, And Banking - Year: 2003
Volume: 35  Issue: 6  Page Number(s): Part I 931-946
Does the Federal Reserve Possess an Exploitable Informational Advantage
Journal Of Monetary Economics - Year: 2003
Volume: 50  Issue: 4  Page Number(s): 817-839
Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
American Economic Review - Year: 2002
Volume: 92  Issue: 3  Page Number(s): 664-682
Determinants of the Japan Premium: Actions Speak Louder than Words
Journal of International Economics - Year: 2001
Volume: 53  Issue: 2  Page Number(s): 283-305
Implications of the Globalization of the Banking Sector: The Latin American Experience
New England Economic Review - Year: 2000
Page Number(s): 45-62
Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States
American Economic Review - Year: 2000
Page Number(s): 30-45
Using Bank Supervisory Data to Improve Macroeconomic Forecasts
New England Economic Review - Year: 1999
Page Number(s): 21-32
The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency
Journal Of Financial Intermediation - Year: 1999
Volume: 9  Issue: 3  Page Number(s): 298-319
Is Bank Supervision Central to Central Banking?
Quarterly Journal Of Economics - Year: 1999
Volume: 114  Page Number(s): 629-653
Japanese Banking Problems: Implications for Lending in the United States
New England Economic Review - Year: 1999
Page Number(s): 25-36
Bank Consolidation and Small Business Lending: It's Not Just Bank Size That Matters
Journal Of Banking And Finance - Year: 1998
Page Number(s): 799-819
The Evolution of Bank Lending to Small Business
New England Economic Review - Year: 1998
Page Number(s): 27-36
Derivatives Activity at Troubled Banks
Journal Of Financial Services Research - Year: 1997
Volume: 12  Issue: 2/3  Page Number(s): 287-302
How Well Capitalized Are Well-Capitalized Banks?
New England Economic Review - Year: 1997
Page Number(s): 41-50
The International Transmission of Financial Shocks: The Case of Japan
American Economic Review - Year: 1997
Page Number(s): 495-505
Will Legislated Early Intervention Prevent the Next Banking Crisis?
Southern Economic Journal - Year: 1997
Page Number(s): 268-280
Have Borrower Concentration Limits Encouraged Bank Consolidation?
New England Economic Review - Year: 1997
Page Number(s): 37-47
The Use of Capital Ratios to Trigger Intervention in Problem Banks: Too Little, Too Late
New England Economic Review - Year: 1996
Page Number(s): 49-58
Bank Regulatory Agreements and Real Estate Lending
Real Estate Economics - Year: 1996
Page Number(s): 55-73
Is Bank Lending Important for the Transmission of Monetary Policy? An Overview
New England Economic Review - Year: 1995
Page Number(s): 3-10
The Capital Crunch: Neither a Borrower Nor a Lender Be
Journal Of Money, Credit, And Banking - Year: 1995
Page Number(s): 625-638
Bank Regulation and the Credit Crunch
Journal Of Banking And Finance - Year: 1995
Page Number(s): 679-692
Bank Regulatory Agreements in New England
New England Economic Review - Year: 1995
Page Number(s): 15-24
Bank Real Estate Lending and the New England Capital Crunch
Journal of the American Real Estate and Urban Economics Association - Year: 1994
Volume: 22  Issue: 1  Page Number(s): 33-58
Business Failures in New England
New England Economic Review - Year: 1993
Page Number(s): 33-44
The Capital Crunch in New England
New England Economic Review - Year: 1992
Page Number(s): 21-31
Treasury Bill Rates in the 1970s and 1980s
Journal Of Money, Credit, And Banking - Year: 1992
Page Number(s): 195-214
The Baby Boom, 'Pent-Up' Demand and Future House Prices
Journal Of Housing Economics - Year: 1991
Volume: 1  Page Number(s): 347-367
The Measurement and Determinants of Single-Family House Prices
AREUEA Journal - Year: 1991
Page Number(s): 353-382
A Real, Affordable Mortgage
New England Economic Review - Year: 1991
Page Number(s): 51-66
A Call to ARMs: Adjustable Rate Mortgages in the 1980s
New England Economic Review - Year: 1990
Page Number(s): 47-61
Determinants of U.S. Treasury Bill Rates
Financial Markets and Portfolio Management - Year: 1989
Volume: 1  Page Number(s): 9-15
Household Saving in the United States: Measurement and Behavior
Journal Of Business And Economic Statistics - Year: 1989
Page Number(s): 11-19
The Stock Market and Economic Activity
New England Economic Review - Year: 1988
Page Number(s): 39-50
Inflation and the Excess Taxation of Personal Interest Income
New England Economic Review - Year: 1988
Page Number(s): 46-52
The Distorting Effects of the Inflation Premium on Personal Income and Expenditures
New England Economic Review - Year: 1987
Page Number(s): 10-24
Monetary Policy Regimes and the Reduced Form for Interest Rates
Journal Of Money, Credit, And Banking - Year: 1987
Page Number(s): 273-291
Household Wealth Composition: The Impact of Capital Gains
New England Economic Review - Year: 1986
Page Number(s): 26-39
An Ex Ante View of Household Portfolio Choice: The Role of Expected Capital Gains
Review Of Economics And Statistics - Year: 1986
Page Number(s): 207-216
Tax Rate Effects on Interest Rates
Economic Letters - Year: 1986
Page Number(s): 183-186
Tax Rates and Interest Rates on Tax-Exempt Securities
New England Economic Review - Year: 1986
Page Number(s): 29-41
The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates
American Economic Review - Year: 1984
Page Number(s): 1061-1066
The Postwar Stability of the Fisher Effect
Journal Of Finance - Year: 1983
Page Number(s): 1111-1124
Capital Gains and Personal Saving Behavior
Journal Of Money, Credit, And Banking - Year: 1983
Page Number(s): 1-23
Interest Rates, Income Taxes and Anticipated Inflation
American Economic Review - Year: 1982
Page Number(s): 980-991
Personal Saving and the Measurement of Income Tax Liabilities
Review Of Economics And Statistics - Year: 1982
Page Number(s): 143-147
Asymmetric Information and Liquidity Constraints: A New Test
Journal Of Banking And Finance - Year:
Comovement After Joining an Index: Spillovers of Nonfundamental Effects
Real Estate Economics - Year:
The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?
Journal Of Banking And Finance - Year:
Proceedings (7):
The Importance of Bank Access to External Funds for the Transmission of Monetary Policy
41st Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 2005
Page Number(s): 229-240
Factors Affecting the Japan Premium
35th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 1999
Page Number(s): 489-495
International Implications of Disclosing Supervisory Information
35th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 1999
Page Number(s): 72-78
Can Bank Supervisory Information Improve Forecasts of Variables Critical to Monetary Policy?
34th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 1998
Page Number(s): 422-430
Comment on 'Bank Examination and Enforcement, 1980-1994'
FDIC Symposium, Federal Deposit Insurance Corporation - Year: 1997
Volume: 2  Page Number(s): 11-16
The Effects of Interstate Branching on Small Business Lending
31st Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 1995
Page Number(s): 314-331
Bank Capital Regulation and the New England Credit Crunch
28th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago - Year: 1992
Page Number(s): 490-501
Books and Book Chapters (20):
Secondary Bank Lending in Japan, In Japan's Great Stagnation: Financial and Monetary Policy Lessons for Advanced Economies
Publisher: MIT Press - Year: 2006
Page Number(s): 129-155
Crisis Resolution and Credit Allocation: The Case of Japan, In Systemic Financial Crises: Containment and Resolution
Publisher: Cambridge University Press - Year: 2005
Page Number(s): 276-305
The Fall and Rise of Banking Safety Net Subsidies, In Too Big To Fail: Policies and Practices in Government Bailouts
Publisher: Greenwood Publishing Group - Year: 2004
Page Number(s): 169-193
Secondary Mortgage Markets, GSEs, and the Changing Cyclicality of Mortgage Flows, In Research in Finance, Vol. 20
Publisher: Elsevier Science B V - Year: 2003
Page Number(s): 61-80
Japanese Banking Problems: Implications for Southeast Asia, In Banking, Financial Integration, and International Crises
Publisher: Central Bank of Chile - Year: 2002
Page Number(s): 303-332
Bank Regulation and the Credit Crunch, In The Regulation and Supervision of Banks, Vol. III
Publisher: Edward Elgar Publishing - Year: 2001
Derivatives Activity at Troubled Banks, In The Regulation and Supervision of Banks Vol III
Publisher: Edward Elgar Publishing - Year: 2001
Japanese Banking Problems: Implications for Southeast Asia, In Global Financial Crises and Reforms: Cases, Correlates and Caveats
Publisher: Routledge - Year: 2001
Synergies Between Bank Supervision and Monetary Policy: Implications for the Design of Bank Regulatory Structure, In Prudential Supervision: What Works and What Doesn't?
Publisher: University of Chicago Press - Year: 2001
Page Number(s): 273-293
The Capital Crunch: Neither a Borrower Nor a Lender Be, In The Regulation and Supervision of Banks, Vol. III
Publisher: Edward Elgar Publishing - Year: 2001
Implications of the Globalization of the Banking Sector: The Latin American Experience, In Building an Infrastructure for Financial Stability
Year: 2000
Page Number(s): 145-170
Small Business Credit Availability: How Important Is Size of Lender?, In Universal Banking: Financial System Design Reconsidered
Publisher: Irwin Professional Publishing - Year: 1996
Page Number(s): 628-655
Bank Lending and the Transmission of Monetary Policy, In Is Bank Lending Important for the Transmission of Monetary Policy?
Year: 1995
Page Number(s): 47-68
Is Bank Lending Important for the Transmission of Monetary Policy? An Overview, In Is Bank Lending Important for the Transmission of Monetary Policy?
Year: 1995
Page Number(s): 1-11
Adjustable Rate Mortgages, In The New Palgrave Dictionary of Money and Finance
Publisher: The Macmillan Press Ltd - Year: 1992
Page Number(s): 21-22
Price Level Adjusted Mortgages, In The New Palgrave Dictionary of Money and Finance
Publisher: The Macmillan Press Ltd. - Year: 1992
Page Number(s): 181-182
Interest Rates in the Reagan Years, In The Economic Legacy of the Reagan Years: Euphoria or Chaos?
Publisher: Praeger Publishers - Year: 1991
Page Number(s): 147-162
Aggregate U.S. Private Saving: Conceptual Measures and Empirical Tests, In The Measurement of Saving, Investment and Wealth, Studies in Income and Wealth Series
Year: 1989
Page Number(s): Vol 52, 185-226
Household Saving: An Econometric Investigation, In The Level and Composition of Household Saving
Publisher: Ballinger Publishing Company - Year: 1985
Page Number(s): 63-100
Real Household Capital Gains and Wealth Accumulation, In The Level and Composition of Household Saving
Publisher: Ballinger Publishing Company - Year: 1985
Page Number(s): 41-61
Presentations (42):
"Capital Constraints, Asymmetric Information, and Internal Capital Markets in Banking: New Evidence" , Presentation at the DePaul University
Location: Chicago , IL
Year: 2006
Presenter(s): Joe Peek
"Capital Constraints, Asymmetric Information, and Internal Capital Markets in Banking: New Evidence" , Presentation at the Financial Management Association Annual Meeting
Location: Salt Lake City , UT
Year: 2006
Presenter(s): Joe Peek
"Comment on FHLB Advances and Commercial Bank Portfolio Composition" , Presentation at the Financial Management Association Annual Meeting
Location: Salt Lake City , UT
Year: 2006
Presenter(s): Joe Peek
"Reciprocity and Network Cooperation: Evidence from Japanese Banks" , Presentation at the The Japan Economic Seminar, The George Washington University
Location: Washington , DC
Year: 2006
Presenter(s): Joe Peek
"Reciprocity and Network Cooperation: Evidence from Japanese Banks" , Presentation at the NBER Japan Project Meeting
Location: Tokyo Year: 2006
Presenter(s): Joe Peek
"Reciprocity and Network Cooperation: Evidence from Japanese Banks" , Presentation at the Conference on Institutions, Politics, and Corporate Governance, Hitotsubashi University
Location: Tokyo Year: 2006
Presenter(s): Joe Peek
"The Value to Banks of Small Business Lending" , Presentation at the Financial Management Association Annual Meeting
Location: Salt Lake City , UT
Year: 2006
Presenter(s): Joe Peek
"Asymmetric Information and Liquidity Constraints: A More Complete Test" , Presentation at the The 2005 HKUST Finance Symposium
Location: Hong Kong Year: 2005
Presenter(s): Joe Peek
"Comment on Sudden Deaths: Taking Stock of Political Connections" , Presentation at the The 2005 HKUST Finance Symposium
Location: Hong Kong Year: 2005
Presenter(s): Joe Peek
"Comovement After Joining an Index: Spillovers of Nonfundamental Effects" , Presentation at the Financial Management Associations Meeting
Location: Chicago , IL
Year: 2005
Presenter(s): Joe Peek
"Reciprocity and Network Coordination: Evidence from Japanese Banks" , Presentation at the Financial Management Association Meeting
Location: Chicago , IL
Year: 2005
Presenter(s): Joe Peek
"The Importance of Bank Access to External Funds for the Transmission of Monetary Policy" , Presentation at the 41st Annual Conference on Bank Structure & Competition
Location: Chicago , IL
Year: 2005
Presenter(s): Joe Peek
"Asymmetric Information and Liquidity Constraints: A More Complete Test" , Presentation at the Financial Management Association Annual Meeting
Location: New Orleans , LA
Year: 2004
Presenter(s): Joe Peek
"Asymmetric Information and Liquidity Constraints: A More Complete Test" , Presentation at the Fall Workshop, FDIC Center for Financial Research
Location: Washington , DC
Year: 2004
Presenter(s): Joe Peek
"Comment on 'Are the Major Japanese Banks Uniform or Unique?'" , Presentation at the NBER/CEPR/CIRJE/EIJS Japan Project Meeting
Location: Tokyo Year: 2004
Presenter(s): Joe Peek
"Comment on 'Japanese Banks' Monitoring Activities and the Performance of Borrower Firms, 1981-1996'" , Presentation at the Conference on Macro/Financial Issues and International Economic Relations: Policy Options for Japan and the United States, University of Michigan
Location: Dearborn , MI
Year: 2004
Presenter(s): Joe Peek
"The Continuing Crisis in Japan" , Presentation at the Distinguished Scholars Lecture Series, University of Kentucky
Location: Lexington , KY
Year: 2004
Presenter(s): Joe Peek
"The Japanese Banking Crisis: It's Not Over Until the Fat Lady Sings" , Presentation at the International Workshop on the Beginning of the New Growth, Economic and Social Research Institute, Cabinet Office of the Japanese Government
Location: Tokyo Year: 2004
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the Tilburg University
Location: Tilburg Year: 2004
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the French Finance Association Annual Meeting
Location: Paris Year: 2004
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the Multinational Finance Society Annual Conference
Location: Istanbul Year: 2004
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the Federal Reserve Bank of New York
Location: New York , NY
Year: 2004
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the Financial Management Association Annual Meeting
Location: New Orleans , LA
Year: 2004
Presenter(s): Joe Peek
"Corporate Affiliations and the (Mis)Allocation of Credit" , Presentation at the American Economic Association Annual Meetings
Location: Washington , DC
Year: 2003
Presenter(s): Joe Peek
"Credit Risk Modeling and the Cyclicality of Capital" , Presentation at the Financial Management Association Annual Meeting
Location: Denver , CO
Year: 2003
Presenter(s): Joe Peek
"Crisis Resolution and Credit Allocation: The Case of Japan" , Presentation at the World Bank Conference on Systemic Financial Distress: Containment and Resolution
Location: Washington , DC
Year: 2003
Presenter(s): Joe Peek
"Financial Reform: Implications for Industrial Restructuring and Economic Recovery" , Presentation at the Kansai American Center
Location: Osaka Year: 2003
Presenter(s): Joe Peek
"Identifying the Macroeconomic Effect of Loan Supply Shocks" , Presentation at the ECOMOD 2003 Conference
Location: Istanbul Year: 2003
Presenter(s): Joe Peek
"Japanese Banking Problems: Implications for Japan and Southeast Asia" , Presentation at the Fukuoka American Center
Location: Fukuoka Year: 2003
Presenter(s): Joe Peek
"Japanese Banks, Financial Reform, and Economic Recovery" , Presentation at the Nagoya American Center
Location: Nagoya Year: 2003
Presenter(s): Joe Peek
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan" , Presentation at the CESifo Summer Institute Workshop
Location: Venice Year: 2003
Presenter(s): Joe Peek
"Corporate Affiliations and the (Mis)Allocation of Credit" , Presentation at the Financial Management Association Annual Meeting
Location: San Antonio , TX
Year: 2002
Presenter(s): Joe Peek
"Corporate Affiliations and the (Mis)Allocation of Credit" , Presentation at the NBER/CEPR/CIRJE/EIJS Japan Project Meeting
Location: Tokyo Year: 2002
Presenter(s): Joe Peek
"Corporate Affiliations and the (Mis)Allocation of Credit" , Presentation at the NBER Strategic Alliances Conference
Location: Islamorada , FL
Year: 2002
Presenter(s): Joe Peek
"Identifying the Macroeconomic Effect of Loan Supply Shocks" , Presentation at the North Carolina State University
Location: Raleigh , NC
Year: 2002
Presenter(s): Joe Peek
"Identifying the Macroeconomic Effect of Loan Supply Shocks" , Presentation at the Northern Finance Association Annual Meeting
Location: Banff Year: 2002
Presenter(s): Joe Peek
"Corporate Affiliations and the Availability of Bank Credit" , Presentation at the Strategic Alliance Pre-Conference Meeting, National Bureau of Economic Research
Location: Cambridge , MA
Year: 2001
Presenter(s): Joe Peek
"Implications of Foreign Bank Penetration: The Latin American Experience" , Presentation at the Financial Management Association Meetings
Location: Toronto Year: 2001
Presenter(s): Joe Peek
"Safety Net Subsidies in Banking" , Presentation at the Freddie Mac
Location: McLean , VA
Year: 2001
Presenter(s): Joe Peek
"Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit" , Presentation at the Koc University, Istanbul
Location: Istanbul Year: 2001
Presenter(s): Joe Peek
"Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit" , Presentation at the American Economic Association Annual Meetings
Location: New Orleans , LA
Year: 2001
Presenter(s): Joe Peek
"Attracting Funding from the International Community" , Presentation at the The National Institute for State Conflict Management, The Council of State Governments
Location: Lexington , KY
Year: 1999
Presenter(s): Joe Peek

 

 

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