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 (48):
►
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
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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
►
Does the Federal Reserve Possess an Exploitable Informational Advantage Journal Of Monetary Economics - Year: 2003 Volume: 50 Issue: 4 Page Number(s): 817-839
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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
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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
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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
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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
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Implications of the Globalization of the Banking Sector: The Latin American Experience New England Economic Review - Year: 2000 Page Number(s): 45-62
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Is Bank Supervision Central to Central Banking? Quarterly Journal Of Economics - Year: 1999 Volume: 114 Page Number(s): 629-653
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Japanese Banking Problems: Implications for Lending in the United States New England Economic Review - Year: 1999 Page Number(s): 25-36
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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
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Using Bank Supervisory Data to Improve Macroeconomic Forecasts New England Economic Review - Year: 1999 Page Number(s): 21-32
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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
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The Evolution of Bank Lending to Small Business New England Economic Review - Year: 1998 Page Number(s): 27-36
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Derivatives Activity at Troubled Banks Journal Of Financial Services Research - Year: 1997 Volume: 12 Issue: 2/3 Page Number(s): 287-302
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Have Borrower Concentration Limits Encouraged Bank Consolidation? New England Economic Review - Year: 1997 Page Number(s): 37-47
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How Well Capitalized Are Well-Capitalized Banks? New England Economic Review - Year: 1997 Page Number(s): 41-50
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The International Transmission of Financial Shocks: The Case of Japan American Economic Review - Year: 1997 Page Number(s): 495-505
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Will Legislated Early Intervention Prevent the Next Banking Crisis? Southern Economic Journal - Year: 1997 Page Number(s): 268-280
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Bank Regulatory Agreements and Real Estate Lending Real Estate Economics - Year: 1996 Page Number(s): 55-73
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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
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Bank Regulation and the Credit Crunch Journal Of Banking And Finance - Year: 1995 Page Number(s): 679-692
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Bank Regulatory Agreements in New England New England Economic Review - Year: 1995 Page Number(s): 15-24
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Is Bank Lending Important for the Transmission of Monetary Policy? An Overview New England Economic Review - Year: 1995 Page Number(s): 3-10
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The Capital Crunch: Neither a Borrower Nor a Lender Be Journal Of Money, Credit, And Banking - Year: 1995 Page Number(s): 625-638
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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
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Business Failures in New England New England Economic Review - Year: 1993 Page Number(s): 33-44
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The Capital Crunch in New England New England Economic Review - Year: 1992 Page Number(s): 21-31
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Treasury Bill Rates in the 1970s and 1980s Journal Of Money, Credit, And Banking - Year: 1992 Page Number(s): 195-214
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A Real, Affordable Mortgage New England Economic Review - Year: 1991 Page Number(s): 51-66
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The Baby Boom, 'Pent-Up' Demand and Future House Prices Journal Of Housing Economics - Year: 1991 Volume: 1 Page Number(s): 347-367
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The Measurement and Determinants of Single-Family House Prices AREUEA Journal - Year: 1991 Page Number(s): 353-382
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A Call to ARMs: Adjustable Rate Mortgages in the 1980s New England Economic Review - Year: 1990 Page Number(s): 47-61
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Determinants of U.S. Treasury Bill Rates Financial Markets and Portfolio Management - Year: 1989 Volume: 1 Page Number(s): 9-15
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Household Saving in the United States: Measurement and Behavior Journal Of Business And Economic Statistics - Year: 1989 Page Number(s): 11-19
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Inflation and the Excess Taxation of Personal Interest Income New England Economic Review - Year: 1988 Page Number(s): 46-52
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The Stock Market and Economic Activity New England Economic Review - Year: 1988 Page Number(s): 39-50
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Monetary Policy Regimes and the Reduced Form for Interest Rates Journal Of Money, Credit, And Banking - Year: 1987 Page Number(s): 273-291
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The Distorting Effects of the Inflation Premium on Personal Income and Expenditures New England Economic Review - Year: 1987 Page Number(s): 10-24
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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
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Household Wealth Composition: The Impact of Capital Gains New England Economic Review - Year: 1986 Page Number(s): 26-39
Tax Rates and Interest Rates on Tax-Exempt Securities New England Economic Review - Year: 1986 Page Number(s): 29-41
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The Degree of Fiscal Illusion in Interest Rates: Some Direct Estimates American Economic Review - Year: 1984 Page Number(s): 1061-1066
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Capital Gains and Personal Saving Behavior Journal Of Money, Credit, And Banking - Year: 1983 Page Number(s): 1-23
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The Postwar Stability of the Fisher Effect Journal Of Finance - Year: 1983 Page Number(s): 1111-1124
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Interest Rates, Income Taxes and Anticipated Inflation American Economic Review - Year: 1982 Page Number(s): 980-991
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Personal Saving and the Measurement of Income Tax Liabilities Review Of Economics And Statistics - Year: 1982 Page Number(s): 143-147
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
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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
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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
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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
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Comment on 'Bank Examination and Enforcement, 1980-1994' FDIC Symposium, Federal Deposit Insurance Corporation - Year: 1997 Volume: 2 Page Number(s): 11-16
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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
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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):
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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
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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
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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
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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
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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
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Bank Regulation and the Credit Crunch, In The Regulation and Supervision of Banks, Vol. III Publisher: Edward Elgar Publishing - Year: 2001
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Derivatives Activity at Troubled Banks, In The Regulation and Supervision of Banks Vol III Publisher: Edward Elgar Publishing - Year: 2001
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Japanese Banking Problems: Implications for Southeast Asia, In Global Financial Crises and Reforms: Cases, Correlates and Caveats Publisher: Routledge - Year: 2001
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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
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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
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Implications of the Globalization of the Banking Sector: The Latin American Experience Year: 2000 Page Number(s): 145-170
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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
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Bank Lending and the Transmission of Monetary Policy Year: 1995 Page Number(s): 47-68
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Is Bank Lending Important for the Transmission of Monetary Policy? An Overview Year: 1995 Page Number(s): 1-11
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Adjustable Rate Mortgages, In The New Palgrave Dictionary of Money and Finance Publisher: The Macmillan Press Ltd - Year: 1992 Page Number(s): 21-22
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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
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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
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Aggregate U.S. Private Saving: Conceptual Measures and Empirical Tests Year: 1989 Page Number(s): Vol 52, 185-226
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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
